Neuromodulation Market to Observe Prominent CAGR of 10.3% by 2030

Neuromodulation Market Overview and Insights:

According to MarkNtel Advisors Report, Global Neuromodulation Market size is estimated to grow at a CAGR of around 10.3% during the forecast period, i.e., 2024-30.

Neuromodulation Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Key Takeaways: Beneficial for Stakeholders and Clients:

  • Historical Data: 2019-22
  • Base Year: 2023
  • Forecast Period: 2024-2030

What are the major challenges facing the Neuromodulation Market?

Highly Regulated Environment a Huge Obstacle for the Neuromodulation Market- Due to stringent standards and requirements, implanted neuromodulating devices are designed to stay in contact with the human body for an extended period. The devices, such as SCS, VNS, DBS, etc., fall under the category of Class III medical devices according to US FDA standards and are obliged to go through a strict and expensive PMA process, sometimes requiring prolonged clinical trials of over 450 days. Moreover, the recent regulations make it compulsory for the compliance of neurostimulation devices approved for the last three years and extend to those manufacturers exporting to EU member states from countries outside the EU. Therefore, the strict regulatory environment poses a significant challenge to the growth of the Global Neuromodulation Market during the forecast period.

Who are the Key Players Operating in the Neuromodulation Industry?

The top companies of the Neuromodulation market ruling the industry are:

  • Medtronic Plc
  • Abbott Laboratories
  • Boston Scientific Corporation
  • NeuroSigma, Inc.
  • Neuropace Inc.
  • Softerix Medical Inc.
  • Aleva Neurotherapeutics
  • Synapse Biomedical Inc.
  • Theranica Bio-Electronics Ltd.
  • Neuronetics
  • Axonics, Inc.
  • Gimer Medical
  • Nalu Medical, Inc.
  • Helius Medical Technologies, Inc.
  • MicroTransponder Inc.

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What is Included in Neuromodulation Market Segmentation?

The report has segmented the market into the following categories:

By Type

  • Internal Neuromodulation- Market Size & Forecast 2019-2030F, USD Million
    • Spinal Cord Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Deep Brain Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Vagus Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Sacral Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Gastric Electrical Stimulation- Market Size & Forecast 2019-2030F, USD Million
  • External Neuromodulation- Market Size & Forecast 2019-2030F, USD Million
    • Transcutaneous Electrical Nerve Stimulation (TENS)- Market Size & Forecast 2019-2030F, USD Million
    • Transcranial Magnetic Stimulation (TMS)- Market Size & Forecast 2019-2030F, USD Million
    • Respiratory Electrical Stimulation- Market Size & Forecast 2019-2030F, USD Million

By Application

  • Neuromodulation for Spinal Cord Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Chronic Pain- Market Size & Forecast 2019-2030F, USD Million
    • Failed Back Surgery Syndrome (FBSS)- Market Size & Forecast 2019-2030F, USD Million
    • Ischemia- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Deep Brain Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Parkinson’s Disease- Market Size & Forecast 2019-2030F, USD Million
    • Tremors- Market Size & Forecast 2019-2030F, USD Million
    • Depression- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Sacral Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Urine Incontinence- Market Size & Forecast 2019-2030F, USD Million
    • Fecal Incontinence- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Vagus Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Epilepsy- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Gastric Electrical Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Gastroparesis- Market Size & Forecast 2019-2030F, USD Million
    • Obesity- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Transcutaneous Electrical Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Treatment-Resistant Depression- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Transcranial Magnetic Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Depression- Market Size & Forecast 2019-2030F, USD Million
    • Migraine- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Respiratory Electrical Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Spinal Cord Injury- Market Size & Forecast 2019-2030F, USD Million

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia Pacific

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Frequently Asked Questions (FAQs)-

  • What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  • What are the trends influencing the current scenario of the market?
  • How has the Neuromodulation industry been evolving in terms of geography & adoption?
  • Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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