Neuromodulation Market Analysis, Size, Trends | Global | 2020-2026 | MedSuite

Neuromodulation Market Analysis, Size, Trends | Global | 2020-2026 | MedSuite

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  • Year: 2020
  • Scope: 2016-2026
  • Region: Africa, Middle East, Asia-Pacific, Europe, Latin America, United States
  • Published Date: 11/29/2019
  • Pages: 229
  • Type: MedSuite

By 2020, the global neuromodulation device market size was valued at nearly $4.4 billion, with over 230,000 neuromodulation procedures performed every year. The neuromodulation devices market growth is expected to be around 7.6% allowing the market size to approach $7.3 billion in 2026.

Throughout this medical market research, we analyzed 13 neuromodulation device companies across more than 70 countries and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts.

While this MedSuite report contains all the Global Neuromodulation Devices market analysis and data, each of the market segments is also available as stand-alone MedCore reports. This allows you to get access to only the market research that you need.

Data Types Included

    • Unit Sales, Average Selling Prices, Market Value & Growth Trends
    • Neuromodulation Procedure Volumes
    • Market Forecasts Until 2026, and Historical Data to 2016
    • Competitive Analysis with Market Shares for Each Segment
    • Market Drivers & Limiters for Each Neuromodulation Device market
    • Recent Mergers & Acquisitions
    • Disease Overviews and Demographic Information
    • Company Profiles, Product Portfolios, and SWOT for Top Competitors

Neuromodulation Market Insights

Elderly patients are significantly more likely to be impacted by chronic pain, Parkinson’s disease and conditions treatable by neuromodulation therapy. The growing geriatric population is a major driver in this market, with two billion people across the world expected to be over 60 years old by 2050.

The growing global diabetes epidemic is largely attributed to developing countries adopting a Western diet and a more sedentary lifestyle. Gastroparesis cases caused by diabetes are on the rise, driving the gastric electric stimulation market.

Global Neuromodulation Market Size by Region, 2016-2026

With epilepsy affecting nearly 50 million people worldwide, it is one of the most common neurological diseases globally. Five million people are diagnosed with epilepsy annually with disproportionally higher rates in underdeveloped countries.

Neuromodulation therapy is widely considered a second-line treatment, due to its invasiveness and upfront cost compared to pharmaceuticals. Price-sensitive nations with insufficient reimbursement policies will be slow to adopt this therapy.

Competitive Analysis

Global Peripheral Vascular Market Leading Competitors

By 2020, Medtronic has maintained its leading position in the neurological device market, but growing competition has broken several of its monopolies across the market. Across the company’s vast product catalog, it now only maintains a monopoly in the gastric electric stimulation markets, with new competition working through the FDA approval process.

Abbott is the second-leading competitor in the global neuromodulation device market with a monopoly on dorsal root ganglion stimulation, a unique extension of spinal cord stimulation best suited for treating complex regional pain syndrome.

Boston Scientific is the third-leading global provider of neuromodulation therapy by a close margin to Abbott. With a focus on spinal cord stimulation and deep brain stimulation, the innovative company has developed smaller and longer-lasting systems.

Report Regional Coverage

Throughout this research series, iData Research has covered several regions in great detail. Each region may be purchased as a stand-alone report, tailoring the data to your needs. The regions covered are:

  • North America (the United States and Canada)
  • Latin America (Brazil, Mexico, Colombia, Argentina, Peru, Chile, Venezuela, and Other)
  • Western Europe (Germany, France, Italy, Spain, Switzerland, Austria, Portugal, Benelux, Scandinavia, and Other)
  • Central and Eastern Europe (Poland, Turkey, Russia, Greece, Czech Republic, Croatia, Bulgaria, Ukraine, Kazakhstan, Hungary, Romania, Baltic States (Estonia, Latvia, and Lithuania), and Other)
  • Middle East (Saudi Arabia, UAE, Israel, Iran, Kuwait, Qatar, Bahrain, Oman, and Other)
  • Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Malaysia, Thailand, the Philippines, Brunei, Myanmar, Cambodia, Vietnam, New Zealand, Taiwan, Hong Kong, and Other)
  • Africa (South Africa, Egypt, Morocco, Ghana, Nigeria, Libya, Sudan, Uganda, Kenya, and Other)

Segments Covered

  • Procedure Volumes for Neuromodulation DevicesMedPro – The complete procedural analysis for each of the market segments and regions covered in the report.
  • Spinal Cord Stimulation Market – MedCore – This market is comprised of the markets for Spinal Cord Stimulator Generators, and Spinal Cord Stimulator Leads.
  • Deep Brain Stimulation Market – MedCore – This chapter provides an in-depth analysis of the Deep Brain Stimulation Device market.
  • Sacral Nerve Stimulation Market – MedCore – The in-depth analysis of the Sacral Nerve Stimulators Device market.
  • Vagus Nerve Stimulation Market – MedCore – This chapter provides a comprehensive analysis of the Vagus Nerve Stimulators Device market.
  • Gastric Electric Stimulation Market – MedCore – The in-depth analysis of the Gastric Electric Stimulation Device market.

Detailed Market Segmentation

Global Peripheral Vascular Market Segmentation - 1

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TABLE OF CONTENT FOR THE GLOBAL NEUROMODULATION DEVICE MARKET REPORT SUITE

TABLE OF CONTENTS I
LIST OF FIGURES VII
LIST OF CHARTS X
EXECUTIVE SUMMARY 1
GLOBAL NEUROMODULATION DEVICE MARKET OVERVIEW 1
COMPETITIVE ANALYSIS 3
MARKET TRENDS 5
MARKET DEVELOPMENTS 6
PROCEDURE NUMBERS 7
MARKETS INCLUDED 7
VERSION HISTORY 7
RESEARCH METHODOLOGY 8
Step 1: Project Initiation & Team Selection 8
Step 2: Prepare Data Systems and Perform Secondary Research 11
Step 3: Preparation for Interviews & Questionnaire Design 13
Step 4: Performing Primary Research 14
Step 5: Research Analysis: Establishing Baseline Estimates 16
Step 6: Market Forecast and Analysis 17
Step 7: Identify Strategic Opportunities 19
Step 8: Final Review and Market Release 20
Step 9: Customer Feedback and Market Monitoring 21

GLOBAL NEUROMODULATION DEVICE MARKET OVERVIEW

2.1 INTRODUCTION 22
2.1.1 Spinal Cord Stimulators 22
2.1.2 Deep Brain Stimulators 23
2.1.3 Sacral Nerve Stimulators 24
2.1.4 Vagus Nerve Stimulators 25
2.1.5 Gastric Electric Stimulators 26
2.2 MARKET OVERVIEW 27
2.3 TREND ANALYSIS BY REGION 32
2.4 DRIVERS AND LIMITERS 35
2.4.1 Spinal Cord Stimulator Market 35
2.4.1.1 Market Drivers 35
2.4.1.2 Market Limiters 36
2.4.2 Deep Brain Stimulator Market 38
2.4.2.1 Market Drivers 38
2.4.2.2 Market Limiters 38
2.4.3 Sacral Nerve Stimulator Market 40
2.4.3.1 Market Drivers 40
2.4.3.2 Market Limiters 40
2.4.4 Vagus Nerve Stimulator Market 42
2.4.4.1 Market Drivers 42
2.4.4.2 Market Limiters 42
2.4.5 Gastric Electric Stimulator Market 44
2.4.5.1 Market Drivers 44
2.4.5.2 Market Limiters 44
2.5 COMPETITIVE MARKET SHARE ANALYSIS 46
2.6 MERGERS AND ACQUISITIONS 52

PROCEDURE NUMBERS

3.1 INTRODUCTION 53
3.2 PROCEDURES 56
3.2.1 Global Procedures 57
3.2.2 North America Procedures 59
3.2.3 Latin America Procedures 61
3.2.4 Western Europe Procedures 63
3.2.5 Central & Eastern Europe Procedures 65
3.2.6 Middle East Procedures 67
3.2.7 Asia-Pacific Procedures 69
3.2.8 Africa Procedures 71

NORTH AMERICA MARKET

4.1 INTRODUCTION 73
4.1.1 Countries Included 73
4.2 MARKET OVERVIEW 74
4.3 MARKET ANALYSIS AND FORECAST 79
4.3.1 Total Spinal Cord Stimulator Market 79
4.3.1.1 Market Overview 79
4.3.1.2 Total Spinal Cord Stimulator Market 83
4.3.1.2.1 Spinal Cord Stimulator Generator Market 83
4.3.1.2.2 Spinal Cord Stimulator Lead Market 85
4.3.2 Deep Brain Stimulator Market 87
4.3.3 Sacral Nerve Stimulator Market 89
4.3.4 Vagus Nerve Stimulator Market 91
4.3.5 Gastric Electric Stimulator Market 93

LATIN AMERICA MARKET

5.1 INTRODUCTION 95
5.1.1 Countries Included 95
5.2 MARKET OVERVIEW 96
5.3 MARKET ANALYSIS AND FORECAST 101
5.3.1 Total Spinal Cord Stimulator Market 101
5.3.1.1 Market Overview 101
5.3.1.2 Total Spinal Cord Stimulator Market 105
5.3.1.2.1 Spinal Cord Stimulator Generator Market 105
5.3.1.2.2 Spinal Cord Stimulator Lead Market 107
5.3.2 Deep Brain Stimulator Market 109
5.3.3 Sacral Nerve Stimulator Market 111
5.3.4 Vagus Nerve Stimulator Market 113
5.3.5 Gastric Electric Stimulator Market 115

WESTERN EUROPE MARKET

6.1 INTRODUCTION 117
6.1.1 Countries Included 117
6.2 MARKET OVERVIEW 118
6.3 MARKET ANALYSIS AND FORECAST 123
6.3.1 Total Spinal Cord Stimulator Market 123
6.3.1.1 Market Overview 123
6.3.1.2 Total Spinal Cord Stimulator Market 128
6.3.1.2.1 Spinal Cord Stimulator Generator Market 128
6.3.1.2.2 Spinal Cord Stimulator Lead Market 130
6.3.2 Deep Brain Stimulator Market 132
6.3.3 Sacral Nerve Stimulator Market 134
6.3.4 Vagus Nerve Stimulator Market 136
6.3.5 Gastric Electric Stimulator Market 138

CENTRAL & EASTERN EUROPE MARKET

7.1 INTRODUCTION 140
7.1.1 Countries Included 140
7.2 MARKET OVERVIEW 141
7.3 MARKET ANALYSIS AND FORECAST 146
7.3.1 Total Spinal Cord Stimulator Market 146
7.3.1.1 Market Overview 146
7.3.1.2 Total Spinal Cord Stimulator Market 150
7.3.1.2.1 Spinal Cord Stimulator Generator Market 150
7.3.1.2.2 Spinal Cord Stimulator Lead Market 152
7.3.2 Deep Brain Stimulator Market 154
7.3.3 Sacral Nerve Stimulator Market 156
7.3.4 Vagus Nerve Stimulator Market 158
7.3.5 Gastric Electric Stimulator Market 160

MIDDLE EAST MARKET

8.1 INTRODUCTION 162
8.1.1 Countries Included 162
8.2 MARKET OVERVIEW 163
8.3 MARKET ANALYSIS AND FORECAST 168
8.3.1 Total Spinal Cord Stimulator Market 168
8.3.1.1 Market Overview 168
8.3.1.2 Total Spinal Cord Stimulator Market 172
8.3.1.2.1 Spinal Cord Stimulator Generator Market 172
8.3.1.2.2 Spinal Cord Stimulator Lead Market 174
8.3.2 Deep Brain Stimulator Market 176
8.3.3 Sacral Nerve Stimulator Market 178
8.3.4 Vagus Nerve Stimulator Market 180
8.3.5 Gastric Electric Stimulator Market 182

ASIA-PACIFIC MARKET

9.1 INTRODUCTION 184
9.1.1 Countries Included 184
9.2 MARKET OVERVIEW 185
9.3 MARKET ANALYSIS AND FORECAST 190
9.3.1 Total Spinal Cord Stimulator Market 190
9.3.1.1 Market Overview 190
9.3.1.2 Total Spinal Cord Stimulator Market 194
9.3.1.2.1 Spinal Cord Stimulator Generator Market 194
9.3.1.2.2 Spinal Cord Stimulator Lead Market 196
9.3.2 Deep Brain Stimulator Market 198
9.3.3 Sacral Nerve Stimulator Market 200
9.3.4 Vagus Nerve Stimulator Market 202
9.3.5 Gastric Electric Stimulator Market 204

AFRICA MARKET

10.1 INTRODUCTION 206
10.1.1 Countries Included 206
10.2 MARKET OVERVIEW 207
10.3 MARKET ANALYSIS AND FORECAST 212
10.3.1 Total Spinal Cord Stimulator Market 212
10.3.1.1 Market Overview 212
10.3.1.2 Total Spinal Cord Stimulator Market 216
10.3.1.2.1 Spinal Cord Stimulator Generator Market 216
10.3.1.2.2 Spinal Cord Stimulator Lead Market 218
10.3.2 Deep Brain Stimulator Market 220
10.3.3 Sacral Nerve Stimulator Market 222
10.3.4 Vagus Nerve Stimulator Market 224
10.3.5 Gastric Electric Stimulator Market 226

ABBREVIATIONS

The Neuromodulation Market Report Suite | Global | 2020-2026 | MedSuite includes analysis on the following companies currently active in this market:

  • Abbott
  • Axonics
  • Boston Scientific
  • ElectroCore
  • IntraPace
  • LivaNova
  • Medtronic
  • Nevro
  • Nuvectra
  • PINS
  • Saluda
  • SceneRay
  • Stimwave

iData’s 9-Step Research Methodology

Our reports follow an in-depth 9-step methodology which focuses on the following research systems:

  • Original primary research that consists of the most up-to-date market data
  • Strong foundation of quantitative and qualitative research
  • Focused on the needs and strategic challenges of the industry participants

Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.

Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.

Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.

Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.

Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.

Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.

Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.

Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.

Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.

Click Here to Read More About Our Methodology


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