Neuromodulation Market Overviews
Global Neuromodulation Market size was valued at USD 6.12 Bn. in 2023 and is expected to reach USD 12.87 Bn. by 2030, at a CAGR of 11.2%.
Neuromodulation is a series of techniques that act directly on the nervous system. Neurological disorders are conditions that affect the functioning of the nervous system, including the brain, spinal cord, and nerves throughout the body. According to the World Health Organization (WHO), around 50 million people worldwide were diagnosed with epilepsy as of February 2022. The prevalence of epilepsy is driving the growth in the neuromodulation market. The increasing geriatric population is contributing to the growth of the neuromodulation market, as older adults are more prone to neurological diseases like Alzheimer’s. In 2023, 6.7 million Americans aged 65 and older were diagnosed with Alzheimer’s dementia.
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/req_sample/Neuromodulation-Market/2226
Neuromodulation Market Scope and Methodology:
The growth of the neuromodulation market is driven by the increasing prevalence of neurological disorders and the rising adoption of neuromodulation devices in developed countries. Deep brain stimulation (DBS) systems are used to treat conditions like epilepsy and Parkinson’s disease. The rise in the global prevalence of epilepsy is a key factor boosting the neuromodulation market. According to the World Health Organization, around 50 million people worldwide were diagnosed with epilepsy as of February 2022. Additionally, the growing geriatric population is contributing to market growth, as older adults are more prone to neurological diseases like Alzheimer’s. The Alzheimer’s Association estimates that in 2021, around 6.2 million Americans aged 65 and older were diagnosed with Alzheimer’s dementia
Neuromodulation Market Regional Insights
Neuromodulation Market Regional Insights, North America dominated the neuromodulation market in 2023 and is expected to continue leading the global market during the forecast period. This is attributed to the high prevalence of neurological disorders, the presence of major neuromodulation device manufacturers, and the well-developed healthcare infrastructure in the region. In North American neuromodulation market, led by the United States, dominates the global market due to the high prevalence of neurological disorders, the presence of major device manufacturers, and the well-developed healthcare infrastructure in the region. Medtronic Plc: Holds the highest market share in 2023.
NeuromodulationMarket Segmentation
By Applications, the global Parkinson’s disease is dominating the global neuromodulation market with a size estimated to be worth USD 6.65 billion in 2024. Parkinson’s disease dominated the global neuromodulation market with a revenue share of over 25.0% in 2023 due to its high product efficacy in treating the disease and the lack of treatment choices. Parkinson’s disease is a chronic neurodegenerative brain disorder that causes movement problems. According to the Global Burden of Diseases (GBD) study in 2020, about 6.2 million people were suffering from Parkinson’s disease globally.
Neuromodulation Market Key Players
Nevro Corporation
MicroTransponder
Abbott
Neuronetics
NeuroSigma
NeuroPace Inc
Medtronic
Bioventus Inc.
LivaNova PLC
Boston Scientific Corporation
To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/Neuromodulation-Market/2226
Key questions answered in the Neuromodulation Market are:
- What is Neuromodulation ?
- What was the Neuromodulation market size in 2023?
- What is the growth rate of the Neuromodulation Market?
- Which are the factors expected to drive the Neuromodulation market growth?
- What are the different segments of the Neuromodulation Market?
- What growth strategies are the players considering to increase their presence in Neuromodulation ?
- What are the upcoming industry applications and trends for the Neuromodulation Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Neuromodulation Market?
- Who are the leading companies and what are their portfolios in Neuromodulation Market?
- What segments are covered in the Neuromodulation Market?
- Who are the key players in the Neuromodulation market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4 Kothrud
Pinnac Memories Fl. No. 3
Kothrud, Pune, Maharashtra, 411029
+91 9607365656
Our Trending Report:
Crane Market https://www.stellarmr.com/report/Crane-Market/273
Industrial Boiler Market https://www.stellarmr.com/report/Industrial-Boiler-Market/339
Feed Mixer Market https://www.stellarmr.com/report/Feed-Mixer-Market/710
Paper Packaging Market https://www.stellarmr.com/report/Paper-Packaging-Market/147
Asia-Pacific Earthen Plasters Market https://www.stellarmr.com/report/Asia-Pacific-Earthen-Plasters-Market/910
