What is the Projected Market Size and Growth Rate of Global Internal Neuromodulation Devices Market?
The internal neuromodulation devices market size has experienced significant growth in recent years, escalating from $2.59 billion in 2024 to $2.77 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. This growth in the historic period is largely due to factors such as the prevalence of neurological disorders, advancing clinical research and trials, heightened patient awareness and acceptance, and an aging population in need of chronic pain management.
The internal neuromodulation devices market is anticipated to maintain robust growth over the next few years, potentially reaching $3.94 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. This growth in the forecast period is expected to be fueled by rising healthcare expenditures, a changing regulatory landscape, advancements in personalized medicine and improved patient outcomes bolstered by real-world evidence.
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What Are Driving Rapid Growth in Internal Neuromodulation Devices Market?
The escalating prevalence of neurological diseases is projected to significantly drive the growth of the internal neuromodulation devices market. Neurological diseases encompass a wide array of disorders impacting the nervous system, including brain, spinal cord, and bodily nerves. Internal neuromodulation devices offer a source of relief, delivering electrical stimulation to targeted areas in the nervous system to treat neurological and psychiatric disorders. This treatment can help alleviate symptoms such as movement disorders, chronic pain, and mood disorders thus improving patient quality of life.
What Are the Key Segments of the Global Internal Neuromodulation Devices Market?
– By Type: Spinal Cord Stimulator, Deep Brain Stimulator, Sacral Nerve Stimulator, Vagus Nerve Stimulator, Gastric Neuro Stimulator
– By Technology Type: Internal Neuromodulation, External Neuromodulation
– By Biomaterial: Metallic Biomaterials, Polymeric Biomaterials, Ceramic Biomaterials
– By Application: Failed Back Surgery Syndrome, Parkinson’s Disease, Urinary Incontinence, Epilepsy, Gastroparesis
– By End-User: Hospitals, Clinics, Home Healthcare, Community Healthcare
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Who are the Major Players in Internal Neuromodulation Device Market?
Prominent companies actively involved in the internal neuromodulation devices market include Medtronic plc, Boston Scientific Corporation, BioControl Medical Ltd., Aleva Neurotherapeutics SA, Bioness Inc., Uroplasty Inc., Abbott Laboratories, and many others. These companies contribute significantly to the growth of the market by pioneering emerging technologies, leading collaborative efforts, and influencing the regulatory landscape.
What are the Current Trends in the Internal Neuromodulation Devices Market?
Product innovations form a crucial trend gaining traction in the internal neuromodulation devices market. Companies are now focusing on developing new technologies to secure their market position. In March 2023, Neuromod Device Ltd., announced that its Lenire system was granted De Novo clearance by the US Food and Drug Administration (FDA) for the treatment of tinnitus, a neurological disorder characterized by ringing in the ears.
Which Region is Expected to Exhibit the Fastest Growth in the Internal Neuromodulation Devices Market?
North America was the largest region in the internal neuromodulation devices market in 2024. However, Asia-Pacific is forecasted to be the fastest-growing region during the forecast period. The internal neuromodulation devices market report provides a detailed analysis of several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Internal Neuromodulation Devices Market Report 2025 Offer?
Internal neuromodulation devices refer to the medical devices implanted inside the body to deliver electrical stimulation to specific areas of the nervous system. These devices aid in treating a wide variety of neurological and psychiatric conditions, significantly enhancing patients’ quality of life. The Internal Neuromodulation Devices Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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