According to a new market report published by Lucintel, the future of the neuromodulation market looks promising with opportunities in applications, such as spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, gastric electrical stimulation, transcutaneous electrical nerve stimulation, transcranial magnetic stimulation, and respiratory electrical stimulation. The global neuromodulation market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are increasing research and development activities in neurology and growing prevalence of neurological disorders.
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Neuromodulation is the physiological process by which a given neuron uses one or more chemicals to regulate diverse populations of neurons. In this market, internal and external neuromodulators are the major technology segments. Lucintel forecasts that internal neuromodulators will remain the largest product segment over the forecast period due to rising prevalence of neurological disorders, increasing research into expanding the applications of neuromodulation, and awareness of neurodegenerative disorders.
Within this market, deep brain stimulation will remain the largest application segment over the forecast period due to the rising incidence of generic diseases and growing R&D activity for neuromodulation applications.
North America will remain the largest region over the forecast period due to rise in geriatric population, their vulnerability for neurological disorders, increase in incidence of neurological diseases, such as Alzheimer’s and Parkinson’s diseases, and the increase in awareness of the safety and efficacy of neurostimulator devices in the region.
Medtronic, Boston Scientific, Abbott, LivaNova, Synapse Biomedical, Nevro, NeuroSigma, NeuroPace, Neuronetics, and BioControl Medical are among the major suppliers in the global neuromodulation market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global neuromodulation market by technology, biomaterial, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Neuromodulation Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global neuromodulation market by technology, biomaterial, application, and region as follows:
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Spinal Cord Stimulation
Deep Brain Stimulation
Vagus Nerve Stimulation
Sacral Nerve Stimulation
Gastric Electrical Stimulation
Transcutaneous Electrical Nerve Stimulation (TENS)
Transcranial Magnetic Stimulation (TMS)
Respiratory Electrical Stimulation (RES)
By Biomaterial [Value ($ Million) shipment analysis for 2014 – 2025]:
Metallic Biomaterials
Polymeric Biomaterials
Ceramic Biomaterials
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Spinal Cord Stimulation
Deep Brain Stimulation
Sacral Nerve Stimulation
Vagus Nerve Stimulation
Gastric Electrical Stimulation
Transcutaneous Electrical Nerve Stimulation
Transcranial Magnetic Stimulation
Respiratory Electrical Stimulation
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.