Market Overview:
The global neuro-stimulators market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing prevalence of neurological disorders, technological advancements in neuro-stimulators, and rising demand for minimally invasive procedures. The global neuro-stimulators market is segmented by type into invasive and non-invasive neuro-stimulators. The invasive neuro-stimulator segment is further subsegmented into deep brain stimulation (DBS), vagus nerve stimulation (VNS), and spinal cord stimulation (SCS). The non-invasive neuromodulation devices are further classified into transcranial magnetic stimulation (TMS) and transcutaneous electrical nerve stimulator (TENS). By application, the global market is divided into brain, spinal cord, cardiac, and others. Geographically, the global market is analyzed across North America, Latin America, Europe Asia Pacific & Middle East & Africa regions.
Product Definition:
Neuro-stimulators are devices used to stimulate the nervous system. They may be used to treat conditions such as chronic pain, epilepsy, and depression.
Invasive Neuro-stimulators:
Invasive neuro-stimulators are a class of neuromodulation devices that produce electrical stimulation to treat neurological and sleep disorders. The most common forms of invasive neuro-stimulators include transcranial direct current stimulation (TCDS), surface electromyography (SEMG), gastric Electrical Motor Stimulation (EMS) and sacral nerve modulation (SNM).
Non-invasive Neuro-stimulators:
Non-invasive neuro-stimulators are devices that produce low power electrical signals which are sent to the brain through electrodes without making any cuts on the skin. These devices can stimulate or inhibit neural activity by changing the electrical patterns of incoming stimulation. The most common forms of non-invasive neuro stimulators include transcranial direct current stimulation (TCDS), tDCS, and repetitive Transcranial Magnetic Stimulation (rTMS).
Application Insights:
The others segment includes peripheral nervous system, musculoskeletal, and ophthalmic systems. The other applications of neuro-stimulators include pain management and treatment of Parkinson¢â‚¬â„¢s disease. Increasing the prevalence of chronic diseases such as cancer, diabetes mellitus, and cardiovascular diseases is expected to increase the usage rate for these devices in order to treat symptoms that occur due to these disorders.
Increasing adoption rates for invasive as well as non-invasive neurostimulators are anticipated to drive the market over the forecast period owing to increasing patient acceptance towards minimally invasive procedures coupled with high therapeutic benefits offered by these devices. Furthermore, growing R&D activities pertaining towards developing advanced products with enhanced accuracy is further expected fuel growth during this period. For instance in January 2017; Medtronic acquired PolyStim Corporation which offers point-of-care spinal cord stimulators for pain management and diagnosis respectively.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing prevalence of chronic pain and other neurological disorders, and rising adoption of technologically advanced products. Moreover, presence of key players such as Medtronic; Boston Scientific Corporation; Becton & Dickinson and Company; Zimmer Biomet Holdings Inc.; St. Jude Medical, Inc.; Abbott is expected to drive the regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period due to growing awareness about treatment options for neuro-stimulation devices among patients coupled with rapidly improving healthcare infrastructure in this region. In addition, increasing prevalence of various types of chronic pain conditions such as back pain or cardiacache are also driving regional growth.
Growth Factors:
- Increasing prevalence of neurological disorders: The global prevalence of neurological disorders is increasing at a significant rate. This is primarily attributed to the aging population and the increased incidence of chronic diseases such as Alzheimer’s disease, Parkinson’s disease, and stroke. As a result, there is an increasing demand for neuro-stimulators to treat these conditions.
- Growing awareness about the benefits of neuro-stimulation: There is growing awareness among patients and healthcare professionals about the benefits of neuro-stimulation therapy for various neurological conditions. This has led to an increase in demand for neuro-stimulators worldwide.
- Technological advancements in neuromodulation devices: The technological advancements in neuromodulation devices are helping to improve their efficacy and safety profile. This has resulted in an increase in their adoption by patients suffering from various neurological conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Neuro-Stimulators Market Research Report
By Type
Invasive Neuro-stimulators, Non-invasive Neuro-stimulators
By Application
Brain, Spinal Cord, Cardiac, Others
By Companies
Cyberonics, St.Jude, Boston Scientific, Medtronic, DJO, Uroplasty, Zynex, Nevro, NeuroMetrix, Cyberonics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Neuro-Stimulators Market Report Segments:
The global Neuro-Stimulators market is segmented on the basis of:
Types
Invasive Neuro-stimulators, Non-invasive Neuro-stimulators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Brain, Spinal Cord, Cardiac, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cyberonics
- St.Jude
- Boston Scientific
- Medtronic
- DJO
- Uroplasty
- Zynex
- Nevro
- NeuroMetrix
- Cyberonics
Highlights of The Neuro-Stimulators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Invasive Neuro-stimulators
- Non-invasive Neuro-stimulators
- By Application:
- Brain
- Spinal Cord
- Cardiac
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Neuro-Stimulators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Neuro-stimulators are devices that are used to stimulate the nervous system. They can be used to treat a variety of conditions, including depression, anxiety, and chronic pain.
Some of the major companies in the neuro-stimulators market are Cyberonics, St.Jude, Boston Scientific, Medtronic, DJO, Uroplasty, Zynex, Nevro, NeuroMetrix, Cyberonics.
The neuro-stimulators market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Neuro-Stimulators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Neuro-Stimulators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neuro-Stimulators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Neuro-Stimulators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Neuro-Stimulators Market Size & Forecast, 2020-2028
4.5.1 Neuro-Stimulators Market Size and Y-o-Y Growth
4.5.2 Neuro-Stimulators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Invasive Neuro-stimulators
5.2.2 Non-invasive Neuro-stimulators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Brain
6.2.2 Spinal Cord
6.2.3 Cardiac
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neuro-Stimulators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Neuro-Stimulators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Invasive Neuro-stimulators
9.6.2 Non-invasive Neuro-stimulators
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Brain
9.10.2 Spinal Cord
9.10.3 Cardiac
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Invasive Neuro-stimulators
10.6.2 Non-invasive Neuro-stimulators
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Brain
10.10.2 Spinal Cord
10.10.3 Cardiac
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Invasive Neuro-stimulators
11.6.2 Non-invasive Neuro-stimulators
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Brain
11.10.2 Spinal Cord
11.10.3 Cardiac
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Invasive Neuro-stimulators
12.6.2 Non-invasive Neuro-stimulators
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Brain
12.10.2 Spinal Cord
12.10.3 Cardiac
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Invasive Neuro-stimulators
13.6.2 Non-invasive Neuro-stimulators
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Brain
13.10.2 Spinal Cord
13.10.3 Cardiac
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Neuro-Stimulators Market: Competitive Dashboard
14.2 Global Neuro-Stimulators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cyberonics
14.3.2 St.Jude
14.3.3 Boston Scientific
14.3.4 Medtronic
14.3.5 DJO
14.3.6 Uroplasty
14.3.7 Zynex
14.3.8 Nevro
14.3.9 NeuroMetrix
14.3.10 Cyberonics
