Precision Business Insights has published a report on the global neuromodulation devices market, estimating its value at USD 6,734 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/neuromodulation-devices-market
The neuromodulation devices market is a global industry that focuses on devices that provide electrical or chemical stimulation to regions of the nervous system to treat a variety of neurological diseases. These gadgets help people manage chronic pain, Parkinson's disease, epilepsy, depression, and other conditions. They include devices such as spinal cord stimulators, deep brain stimulators, vagus nerve stimulators, and transcranial magnetic stimulators.
Drivers:
- Rising prevalence of neurological disorders – Conditions like Parkinson’s, epilepsy, and chronic pain are increasing globally, especially with aging populations.
- Growing geriatric population – Older adults are more prone to neurological issues, driving demand for non-pharmacological treatments.
The global neuromodulation devices market segmentation:
1) By Technology: Spinal Cord Stimulation (SCS), Deep Brain Stimulation (DBS), Vagus Nerve Stimulation (VNS), Sacral Nerve Stimulation (SNS), Gastric Electrical Stimulation (GES), Others
2) By Application: Parkinson's disease, Epilepsy, Depression, Dystonia, Pain Management, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the neuromodulation devices market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the neuromodulation devices market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Medtronic, Boston Scientific Corporation, Abbott, Nevro Corporation, Neurosigma Inc., Neuropace Inc., Neuronetics, Inc., LivaNova PLC, BioControl Medical
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