Global Neuromodulation Strategic Market Report 2023-2030: Asia-Pacific and other Emerging Regions Display Impressive Growth Potential
Thursday, October 5, 2023
DUBLIN, Sept. 27, 2023 /PRNewswire/ -- The "Neuromodulation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Neuromodulation Market to Reach $11.6 Billion by 2030
The global market for Neuromodulation estimated at US$5.9 Billion in the year 2022, is projected to reach a revised size of US$11.6 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2022-2030.
The global neuromodulation technology market has witnessed positive trends, building upon a favorable historical review from 2014 to 2021. This market covers various therapeutic applications, including spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, transcutaneous electrical nerve stimulation, repetitive transcranial magnetic stimulation, and other technologies.
One of the analyzed segments, spinal cord stimulation, is projected to achieve a substantial 15.3% compound annual growth rate (CAGR) and reach annual sales of US$ Thousand by the end of the analysis period. Similarly, segments like deep brain stimulation and sacral nerve stimulation are expected to contribute significantly to market growth with notable CAGR figures.
The global neuromodulation market demonstrates strong potential, with an estimated valuation of US$ Thousand in annual sales for 2022, and it is forecasted to expand significantly by 2030, driven by a robust CAGR during the analysis period from 2022 to 2030.
Spinal Cord Stimulation, one of the report's analyzed segments, is projected to achieve an 8.9% CAGR and reach US$5.1 Billion by the end of the analysis period. Growth in the Deep Brain Stimulation segment is estimated at a 9.2% CAGR for the next 8-year period.
In the U.S., the neuromodulation market is estimated to reach annual sales of US$ Thousand in 2022. China, as the world's second-largest economy, is expected to experience substantial growth, with annual sales projected to reach US$ Thousand by 2030, driven by a notable CAGR during the analysis period from 2022 to 2030.
Other noteworthy geographic markets, including Japan and Canada, are also expected to exhibit significant growth. Within Europe, several countries are projected to contribute to the market's expansion, demonstrating promising CAGR figures.
The neuromodulation market in the U.S. is estimated at US$2.8 Billion in 2022. China, the world's second-largest economy, is forecasted to reach a projected market size of US$898.5 Million by 2030, with a CAGR of 10.6% during the analysis period from 2022 to 2030.
Among other notable geographic markets are Japan and Canada, each forecasted to grow at rates of 8.5% and 9.1%, respectively, over the 2022-2030 period. Within Europe, Germany is forecasted to grow at an approximate CAGR of 8.2%.
We have analyzed 83 select competitors, thereby delivering a holistic overview of the competitive landscape, including
-- Abbott Laboratories, Inc.
-- Boston Scientific Corporation
-- Autonomix Medical
-- Biegler GmbH
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- Neuromodulation - Global Key Competitors Percentage Market Share in 2022
(E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Neurological Disorders
-- A Prelude to Neuromodulation
-- Indications for Neuromodulation Therapy
-- Impact of Covid-19 and a Looming Global Recession
-- 2020 Marked as a Year of Disruption & Transformation
-- World Economic Growth Projections (Real GDP, Annual % Change) for 2020
through 2022
-- Global Neuromodulation Market Buckles under COVID-19 Strain
-- Effects of COVID-19 on the Nervous System Sheds Focus on Neuromodulation
Applications
-- GLOBAL MARKET OVERVIEW
-- Neuromodulation Market Set for a Robust Growth
-- Neuromodulation Market by Segment
-- Spinal Cord Stimulation (SCS) and Deep Brain Stimulation (DBS)
Represents the Largest Segments
-- Neuromodulation Devices by Technology
-- Spinal Cord Stimulation Market (2020): Dollar Market Share of Leading
Players in Percentage
-- Neuromodulation Market by Application
-- Growing Clinical Applications to Drive Demand
-- US and Europe Dominate the Market
-- Asia-Pacific and other Emerging Regions Display Impressive Growth
Potential
-- Competition
-- Select FDA Approved Neuromodulation Devices in Recent Years
-- Recent Market Activity
-- Market Restraints and Challenges
-- WORLD BRANDS
MARKET TRENDS & DRIVERS
-- High Incidence of Neurological Disorders: A Key Market Driver
-- Annual Incidence of Adult-Onset Neurologic Disorders in the US
-- Rising Geriatric Population and Subsequent Growth in Prevalence of
Neurological Disorders
-- Global Population Statistics for the 65+ Age Group in Million by
Geographic Region for the Years 2019, 2025, 2035 and 2050
-- Growing Incidence of Neurodegenerative Diseases Propels the Market for
Deep Brain Stimulation Devices
-- Global Alzheimer's Prevalence by Age Group
-- Diagnosed Prevalence Cases of Parkinson's Disease Across Select
Countries
-- Global DBS Market by Leading Player (2020E): Market Share Breakdown of
Revenues for Medtronic, Boston Scientific, and Abbott
-- Select Available Deep Brain Stimulation Devices Available in the Market
-- Increasing Cases of Epilepsy Drives the Demand for Vagus Nerve
Stimulation Devices
-- Epilepsy Incidence by Type (2019): Percentage Share Breakdown for
Idiopathic and Symptomatic Epilepsy
-- Symptomatic Epilepsy Incidence by Type (2019): Percentage Share
Breakdown of Congenital, Degenerative, Infective, Neoplastic, Trauma,
and Vascular Epilepsy
-- Spinal Cord Injuries Propel the Demand for Spinal Cord Stimulation
Devices
-- Recent Developments in Spinal Cord Injury Treatment
-- TENS (Transcutaneous electrical nerve stimulation devices) Market
Witnesses Rapid Growth
-- Non-Invasiveness of TMS (Transcranial Magnetic Stimulation) Propelling
the adoption of TMS devices
-- Neuromodulation Technologies to Gain Preference Over Opioids
-- Tibial Neuromodulation to Impact Overactive Bladder Market
FOCUS ON SELECT PLAYERS (Total 83 Featured)
-- Abbott Laboratories, Inc.
-- Boston Scientific Corporation
-- Aleva Neurotherapeutics SA
-- Bioness Inc.
-- Beijing Pins Medical Co., Ltd.
-- Axonics Modulation Technologies, Inc.
-- Biegler GmbH
-- Cirtec Medical Corporation
-- Cala Health
-- BioControl Medical Ltd.
-- Atlantic Therapeutics Group Limited
-- Bio-Medical Research Limited
-- Capitol Pain Institute
-- Autonomix Medical
-- Bioinduction
For more information about this report visit https://www.researchandmarkets.com/r/bq4w3z
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