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

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

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

GLOBAL NEUROMODULATION DEVICE MARKET OVERVIEW

2.1 INTRODUCTION 222.1.1 Spinal Cord Stimulators 222.1.2 Deep Brain Stimulators 232.1.3 Sacral Nerve Stimulators 242.1.4 Vagus Nerve Stimulators 252.1.5 Gastric Electric Stimulators 262.2 MARKET OVERVIEW 272.3 TREND ANALYSIS BY REGION 322.4 DRIVERS AND LIMITERS 352.4.1 Spinal Cord Stimulator Market 352.4.1.1 Market Drivers 352.4.1.2 Market Limiters 362.4.2 Deep Brain Stimulator Market 382.4.2.1 Market Drivers 382.4.2.2 Market Limiters 382.4.3 Sacral Nerve Stimulator Market 402.4.3.1 Market Drivers 402.4.3.2 Market Limiters 402.4.4 Vagus Nerve Stimulator Market 422.4.4.1 Market Drivers 422.4.4.2 Market Limiters 422.4.5 Gastric Electric Stimulator Market 442.4.5.1 Market Drivers 442.4.5.2 Market Limiters 442.5 COMPETITIVE MARKET SHARE ANALYSIS 462.6 MERGERS AND ACQUISITIONS 52

PROCEDURE NUMBERS

3.1 INTRODUCTION 533.2 PROCEDURES 563.2.1 Global Procedures 573.2.2 North America Procedures 593.2.3 Latin America Procedures 613.2.4 Western Europe Procedures 633.2.5 Central & Eastern Europe Procedures 653.2.6 Middle East Procedures 673.2.7 Asia-Pacific Procedures 693.2.8 Africa Procedures 71

NORTH AMERICA MARKET

4.1 INTRODUCTION 734.1.1 Countries Included 734.2 MARKET OVERVIEW 744.3 MARKET ANALYSIS AND FORECAST 794.3.1 Total Spinal Cord Stimulator Market 794.3.1.1 Market Overview 794.3.1.2 Total Spinal Cord Stimulator Market 834.3.1.2.1 Spinal Cord Stimulator Generator Market 834.3.1.2.2 Spinal Cord Stimulator Lead Market 854.3.2 Deep Brain Stimulator Market 874.3.3 Sacral Nerve Stimulator Market 894.3.4 Vagus Nerve Stimulator Market 914.3.5 Gastric Electric Stimulator Market 93

LATIN AMERICA MARKET

5.1 INTRODUCTION 955.1.1 Countries Included 955.2 MARKET OVERVIEW 965.3 MARKET ANALYSIS AND FORECAST 1015.3.1 Total Spinal Cord Stimulator Market 1015.3.1.1 Market Overview 1015.3.1.2 Total Spinal Cord Stimulator Market 1055.3.1.2.1 Spinal Cord Stimulator Generator Market 1055.3.1.2.2 Spinal Cord Stimulator Lead Market 1075.3.2 Deep Brain Stimulator Market 1095.3.3 Sacral Nerve Stimulator Market 1115.3.4 Vagus Nerve Stimulator Market 1135.3.5 Gastric Electric Stimulator Market 115

WESTERN EUROPE MARKET

6.1 INTRODUCTION 1176.1.1 Countries Included 1176.2 MARKET OVERVIEW 1186.3 MARKET ANALYSIS AND FORECAST 1236.3.1 Total Spinal Cord Stimulator Market 1236.3.1.1 Market Overview 1236.3.1.2 Total Spinal Cord Stimulator Market 1286.3.1.2.1 Spinal Cord Stimulator Generator Market 1286.3.1.2.2 Spinal Cord Stimulator Lead Market 1306.3.2 Deep Brain Stimulator Market 1326.3.3 Sacral Nerve Stimulator Market 1346.3.4 Vagus Nerve Stimulator Market 1366.3.5 Gastric Electric Stimulator Market 138

CENTRAL & EASTERN EUROPE MARKET

7.1 INTRODUCTION 1407.1.1 Countries Included 1407.2 MARKET OVERVIEW 1417.3 MARKET ANALYSIS AND FORECAST 1467.3.1 Total Spinal Cord Stimulator Market 1467.3.1.1 Market Overview 1467.3.1.2 Total Spinal Cord Stimulator Market 1507.3.1.2.1 Spinal Cord Stimulator Generator Market 1507.3.1.2.2 Spinal Cord Stimulator Lead Market 1527.3.2 Deep Brain Stimulator Market 1547.3.3 Sacral Nerve Stimulator Market 1567.3.4 Vagus Nerve Stimulator Market 1587.3.5 Gastric Electric Stimulator Market 160

MIDDLE EAST MARKET

8.1 INTRODUCTION 1628.1.1 Countries Included 1628.2 MARKET OVERVIEW 1638.3 MARKET ANALYSIS AND FORECAST 1688.3.1 Total Spinal Cord Stimulator Market 1688.3.1.1 Market Overview 1688.3.1.2 Total Spinal Cord Stimulator Market 1728.3.1.2.1 Spinal Cord Stimulator Generator Market 1728.3.1.2.2 Spinal Cord Stimulator Lead Market 1748.3.2 Deep Brain Stimulator Market 1768.3.3 Sacral Nerve Stimulator Market 1788.3.4 Vagus Nerve Stimulator Market 1808.3.5 Gastric Electric Stimulator Market 182

ASIA-PACIFIC MARKET

9.1 INTRODUCTION 1849.1.1 Countries Included 1849.2 MARKET OVERVIEW 1859.3 MARKET ANALYSIS AND FORECAST 1909.3.1 Total Spinal Cord Stimulator Market 1909.3.1.1 Market Overview 1909.3.1.2 Total Spinal Cord Stimulator Market 1949.3.1.2.1 Spinal Cord Stimulator Generator Market 1949.3.1.2.2 Spinal Cord Stimulator Lead Market 1969.3.2 Deep Brain Stimulator Market 1989.3.3 Sacral Nerve Stimulator Market 2009.3.4 Vagus Nerve Stimulator Market 2029.3.5 Gastric Electric Stimulator Market 204

AFRICA MARKET

10.1 INTRODUCTION 20610.1.1 Countries Included 20610.2 MARKET OVERVIEW 20710.3 MARKET ANALYSIS AND FORECAST 21210.3.1 Total Spinal Cord Stimulator Market 21210.3.1.1 Market Overview 21210.3.1.2 Total Spinal Cord Stimulator Market 21610.3.1.2.1 Spinal Cord Stimulator Generator Market 21610.3.1.2.2 Spinal Cord Stimulator Lead Market 21810.3.2 Deep Brain Stimulator Market 22010.3.3 Sacral Nerve Stimulator Market 22210.3.4 Vagus Nerve Stimulator Market 22410.3.5 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.

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