What is the Expected Growth Rate and Market Size of the Neuromodulation Market?
The Neuromodulation market has witnessed significant growth in recent years, expanding from a size of $6.96 billion in 2024 to $7.68 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.3%. This growth during the historic period can primarily be attributed to increase in prevalence of chronic disorders, advancements in clinical research, growing demand for non-invasive therapies, and expansion of government initiatives and funding. Furthermore, the trend for collaborations and partnerships has also spurred the market growth.
The neuromodulation market is anticipated to continue its upward trajectory in the forthcoming years, projected to reach a market size of $11.79 billion in 2029 at a robust CAGR of 11.3%. The forecast period growth is expected to be driven by the miniaturization of devices, increased focus on neurological disorders in the aging population, expanded applications in psychiatry, and patient-centric approaches. Future trends include integration of artificial intelligence (AI), advancements in technology, non-invasive neuromodulation techniques, wireless and wearable neuromodulation devices.
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What Are the Key Growth Drivers of the Neuromodulation Market?
The neuromodulation market’s growth is significantly driven by the rising prevalence of neurological disorders worldwide. Defined as conditions affecting the brain, nerves, and spinal cord, neurological disorders can be effectively managed and cured by neuromodulation. As per the European Brain Council, in April 2022, over 600 neurological diseases were identified along with nearly 300 psychiatric conditions. Globally, there were 50 million people suffering from Alzheimer’s and other dementias, with around 65 million people affected by epilepsy. Hence, as the prevalence of these disorders escalates, the demand for effective neuromodulation therapies will also rise significantly.
How is the Neuromodulation Market Segmented?
The neuromodulation market covered in this report is segmented based on:
1) By Technology: Internal Neuromodulation, External Neuromodulation (Non-invasive)
2) By Biomaterial: Polymeric Biomaterial, Metallic Biomaterial, Ceramic Biomaterial
3) By Application: Chronic Pain, Urinary And Fecal Incontinence, Migraine, Failed Back Syndrome, Parkinson Disease, Epilepsy, Tremor, Depression, Other Applications
4) By End-User: Hospitals, Clinics, Home Healthcare
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Who are the Major Players in the Neuromodulation Market?
Major companies making their mark in the neuromodulation market include Abbott Laboratories, Soterix Medical Inc., Boston Scientific Corporation, Medtronic plc, Synapse Biomedical Inc., Nevro Corp, Neuropace Inc., LivaNova PLC, Neurosigma Inc., Neuronetics Inc., Bioness Inc., Aleva Neurotherapeutics S.A., Integer Holdings Corporation, ReShape Lifesciences Inc., Inspire Medical Systems Inc., Bioventus LLC, Saluda Medical Pty Ltd, Otolith Labs Inc., Machine Medicine Inc., Inbrain Neuroelectronics SAS, Pixium Vision SA, Neuromod Devices Limited, Cognito Therapeutics Inc., PathMaker Neurosystems Inc., Dignify Therapeutics Inc., Neuronoff ApS, Neuros Medical Inc., Fisher & Paykel Healthcare Corporation Limited, Koninklijke Philips N.V., Magic Leap Inc., Omron Corporation.
What Trends Are Emerging In The Neuromodulation Market?
Technological advancements are spotlighted as a key trend in the neuromodulation market. Major market players are focusing on innovative technological solutions to consolidate their market positions. For instance, in January 2024, Israel-based GrayMatters Health launched a new FDA-cleared self-neuromodulation therapy for PTSD, Prism. The device integrates an EEG cap with software enabling patients to manage their emotional responses through neurofeedback.
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Which Region is Leading the Neuromodulation Market?
North America held the largest share in the neuromodulation market in 2024, with other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa also contributing significantly to the market.
What Does The Neuromodulation Market Report 2025 Offer?
Neuromodulation involves modifying nerve activity through the delivery of electrical or pharmacological substances directly to a target area. It serves as a reversible method to alleviate pain. The Neuromodulation Market research report from The Business Research Company provides an understanding of global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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