Global Neurostimulation Research Report 2023: An $11.7 Billion Market by 2028 - M&A Activity, Emerging Technologies and Developments, Competitive Landscape

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Dec 14, 2023, 06:00 ET

DUBLIN, Dec. 14, 2023 /PRNewswire/ -- The "Neurostimulation: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.

This report provides a comprehensive study of the global market for neurostimulation technologies and devices. It provides a detailed description of the different types of neurostimulation technologies and devices (invasive and noninvasive) and their current and historical market revenues.

The human nervous system works as the chief commander of the human body. The medical science community has long believed that it has huge potential in treatment of human body disorders. Neurostimulation technology involves the alteration or modulation of nerves. Neurostimulation devices deliver electrical current or magnetic impulses directly to nerves in order to modify their activity.

Over the past 25 to 30 years, neurostimulation has emerged as one of the most dynamic fields of therapy, and has been actively investigated for treatment of a range of clinical conditions including chronic pain, movement disorders (Parkinson's disease, tremor, dystonia and others), epilepsy, psychiatric disorders, functional restoration, cardiovascular disorders, gastrointestinal disorders and genitourinary disorders. It is also said to consist of "drug-free solutions." Currently, the potential of neurostimulation technology is actively being explored for other clinical conditions including obesity, tinnitus and central nerve system disorders.

Given the vast size of the potential treatment population and the many ongoing scientific discoveries and technological advances in neurostimulation technologies, the market for neurostimulation devices market is poised for significant growth. Other factors expected to aid in the market boom include many countries' growing elderly populations and increasing trends toward the use of nondrug therapies, greater expectations for quality of life, and improved patient attitudes toward receiving medical attention.

Neurostimulation technologies represent a cutting-edge field in neuroscience and medical science, aiming to modulate the activity of the nervous system to treat a wide range of neurological and neuropsychiatric disorders. These innovative techniques involve the application of electrical, magnetic or optogenetic stimuli to specific areas of the brain or nervous system, offering the potential to alleviate symptoms, restore lost function and enhance cognitive capabilities.

Neurostimulation is based on the concept of neuromodulation, where electrical signals are applied to neurons to alter their activity and influence neural networks. Neurons communicate through electrical impulses, and by selectively stimulating or inhibiting specific neural populations, neuroscientists and clinicians can modulate brain function.

This report also covers in detail the therapeutic applications of neurostimulation technologies and devices, including chronic pain, Parkinson's disease, epilepsy, urinary and fecal incontinence, obstructive sleep apnea, essential tremor, obsessive compulsive disorder, major depressive disorder/clinical depression and others. An in-depth analysis of the global market for neurostimulation technologies and devices includes historical data and market projections by device type, therapeutic application and region.

Report Includes

Estimation of the market size and analyses of market trends, with data from 2020 to 2022, estimates for 2023 and projection of CAGR through 2028
Description of Dorsal Root Ganglion (DRG) neurostimulator system and discussion on approved indications of stimulation therapy for various diseases
Detailed description of various types of stimulation such as spinal cord stimulation, transcutaneous electrical nerve stimulation, deep brain stimulation, sacral nerve stimulation, Vagus nerve stimulation, hypoglossal nerve stimulation, and transcranial magnetic stimulation; and discussion on their mode of action and advantages
Information on recent therapy improvements and new indications for use, and discussion on alternatives to traditional stimulation therapies
Coverage of ongoing scientific discoveries and technological advances in neurostimulation technologies and insights into marketed and pipeline (R&D) products, product recalls and reimbursement policies
Market share analysis of neurostimulation devices by application, type and region, and evaluation of market size and forecast, and detailed analysis of drivers, challenges and opportunities affecting market growth
Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies

Comprehensive company profiles of major players

Axonics Inc
Boston Scientific Corp
Medtronic PLC
Synapse Biomedical Inc
Xavant Technology

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

Overview of Neurostimulation
Types of Neurostimulation Technologies
Spinal Cord Stimulation
Deep Brain Stimulation
Sacral Nerve Stimulation (Sns)
Vagus Nerve Stimulation
Hypoglossal Nerve Stimulation
Transcutaneous Electrical Nerve Stimulation
Transcranial Magnetic Stimulation (Tms)
Other Neurostimulation Technologies
Therapeutic Applications for Neurostimulation
Chronic Pain Management
Neurological Disorders
Urinary and Fecal Incontinence
Obstructive Sleep Apnea
Chronic Migraine and Headache
Cardiovascular Diseases
Gastrointestinal Disorders
Obesity
Psychiatric Disorders
Technological Developments
Mri Compatibility
Rechargeable and Non-Rechargeable Devices

Chapter 4 Market Dynamics

Market Trends
Drivers
Market Restraints

Chapter 5 Market Breakdown by Technology/Device Type

Global Market for Neurostimulation Devices by Type
Spinal Cord Stimulation (Scs) Devices
Transcutaneous Electrical Nerve Stimulation (Tens) Devices
Deep Brain Stimulation (Dbs) Devices
Sacral Nerve Stimulation (Sns) Devices
Vagus Nerve Stimulation (Vns) Devices
Hypoglossal Nerve Stimulation (Hgns) Devices
Market Size and Forecast
Transcranial Magnetic Stimulation (Tms) Devices
Other Types of Neurostimulation Devices

Chapter 6 Market Breakdown by Therapeutic Application

Global Market for Neurostimulation Devices by Therapeutic Application
Chronic Pain
Urinary and Fecal Incontinence
Parkinson's Disease
Epilepsy
Obstructive Sleep Apnea (Osa)
Essential Tremor
Major Depressive Disorder (Mdd)/Clinical Depression
Obsessive Compulsive Disorder (Ocd)
Other Therapeutic Applications

Chapter 7 Market Breakdown by Region

Global Market for Neurostimulation Devices by Region
North America
Europe
Asia-Pacific
Rest of the World

Chapter 8 Regulatory Structure

Regulatory Framework
U.S.
European Union
Japan

Chapter 9 Key Products and Technologies on the Market

Recent Therapeutic Improvements and New Indications
Spinal Cord Stimulation
Deep Brain Stimulation
Sacral Nerve Stimulation (Sns)
Axonics
Medtronic
Vagus Nerve Stimulation
Hypoglossal Nerve Stimulation
Transcutaneous Electrical Nerve Stimulation
Transcranial Magnetic Stimulation
Other Types of Stimulation
New Indications and Neurostimulation Therapies

Chapter 10 Emerging Technologies and Developments

Emerging Technologies and Developments
Closed-Loop Neurostimulation
Non-Invasive Brain Stimulation Techniques
High-Frequency Stimulation
Magnetic Resonance-Guided Focused Ultrasound
Optogenetics
Bioelectronic Medicine
Wireless and Remote-Controlled Devices

Chapter 11 Recent M&A

M&A in the Neurostimulation Technologies Industry

Chapter 12 Competitive Landscape

Company Market Shares by Product Segment
Spinal Cord Stimulation Devices
Deep Brain Stimulation Devices
Sacral Nerve Stimulation Devices
Vagus Nerve Stimulation Devices
Hypoglossal Nerve Stimulation Devices
Transcranial Magnetic Stimulation Devices
Transcutaneous Electrical Nerve Stimulation Devices
Recent Industry Activities

Chapter 13 Company Profiles

Abbott Laboratories
Aleva Neurotherapeutics Sa
Avery Biomedical Devices Inc.
Axonics Inc.
Bioinduction Ltd.
Bioventus LLC
Biowave Corp.
Boston Scientific Corp.
Brainsway Ltd.
Cochlear Americas
Cvrx Inc.
Electrocore Inc.
Inspire Medical Systems Inc.
Integer Holdings Corp.
Laborie Inc.
Livanova plc
Mag & More GmbH
Magstim Inc.
Medtronic plc
Nalu Medical Inc.
Neuromed Consulting Inc.
Neurometrix Inc.
Neuronetics Inc.
Neuropace Inc.
Neurosigma Inc.
Neurovalens Ltd.
Nevro Corp.
Nexstim plc
Nyxoah Sa
Soterix Medical Inc.
Synapse Biomedical Inc.
Xavant Technology (Pty) Ltd.
Zoll Medical Corp.

For more information about this report visit https://www.researchandmarkets.com/r/92nznn

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