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What is the Forecasted Expansion Rate of the Implantable Neurostimulators Market Over the 2025–2034 Period?

The market for implantable neurostimulators has seen swift expansion in the past few years. The market value is expected to surge from $6.06 billion in 2024 to $6.76 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.4%. This significant growth in the previous years is due to increased cases of chronic pain, a growing elderly population, better reimbursement procedures, governmental financial aid and support, as well as widening applications.

Expectations for the implantable neurostimulators market forecast indicate substantial growth in the near future, escalating to a predicted worth of $10.31 billion by 2029, with a compound annual growth rate (CAGR) of 11.1%. Multiple factors contribute to this projected growth, such as the increasing number of neurological disorders, an expansion in minimally invasive procedures, growth in healthcare spending, increased preference for non-opioid methods of pain management, as well as collaborations and partnerships. The forecast period will likely see key trends like technological advancements, broadening uses beyond chronic pain treatment, increased product miniaturization and AI-enhanced customization, remote monitoring and digital therapeutics along with product innovation.

What Drivers Are Shaping the Growth of the Implantable Neurostimulators Market?

The growth of the implantable neurostimulators market is anticipated to be driven by the increasing incidence of neurological disorders. Neurological disorders, which impair functions like cognition and movement, affect the brain and spinal cord among other parts of the nervous system. These disorders are becoming more prevalent predominantly due to an aging population, making individuals more susceptible to conditions such as alzheimer’s and parkinson’s. Implantable neurostimulators are devices, which deliver electrical impulses to manage symptoms like pain and tremors in conditions including epilepsy and Parkinson’s. For example, in October 2023, the World Federation of Neurology, a UK-based consortium of national neurological societies, stated that neurological conditions plague more than 40% of the worldwide population and estimated this number to almost double by 2050. Hence, the growing incidence of neurological disorders is spurring the expansion of the implantable neurostimulators market.

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Who Are the Leading Organizations Fueling the Expansion of the Implantable Neurostimulators Market?

Major companies operating in the implantable neurostimulators market are:

• Abbott Laboratories

• Medtronic plc

• Boston Scientific Corporation

• LivaNova plc

• Inspire Medical Systems Inc.

Which Cutting-Edge Trends Are Expected to Drive the Implantable Neurostimulators Market’s Growth?

Key players in the implantable neurostimulators market are advancing their technology, such as rechargeable spinal cord stimulators, with the aim of increasing patient comfort, simplifying surgical procedures and enhancing the effectiveness of pain management therapies. These rechargeable spinal cord stimulators are implanted devices that alleviate chronic pain by transmitting electrical signals to the spinal cord. For instance, in December 2022, Abbott Laboratories, a healthcare products manufacturer based in the US, secured approval from the US Food and Drug Administration (FDA) for their Eterna spinal cord stimulation (SCS) system. This system, being the smallest implantable, rechargeable device, is engineered for chronic pain relief. It employs Abbott’s unique BurstDR stimulation that imitates natural brain waves providing a pain reduction that’s 23% more effective than conventional methods. Leveraging its Xtend energy technology, the device needs as few as five charges annually, thus reducing the hassle of regular recharging. Moreover, the Eterna SCS system is MRI full-body scan compatible and adjustable for future technological breakthroughs.

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What Are the Key Components of the Implantable Neurostimulators Market, and How Do Its Segments Perform?

The implantable neurostimulators market covered in this report is segmented –

1) By Product Type: Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators, Other Product Types

2) By Application: Pain Management, Parkinson’s Disease, Urinary And Fecal Incontinence, Epilepsy, Gastroparesis, Other Applications

3) By End-Use: Hospitals, Ambulatory Surgical Centers (ASCs), Other End-Uses

Subsegments:

1) By Spinal Cord Stimulators: Conventional Spinal Cord Stimulators, Rechargeable Spinal Cord Stimulators, Non-Rechargeable Spinal Cord Stimulators, High-Frequency Spinal Cord Stimulators

2) By Deep Brain Stimulators: Single Lead Deep Brain Stimulators, Dual Lead Deep Brain Stimulators, Rechargeable Deep Brain Stimulators, Non-Rechargeable Deep Brain Stimulators

3) By Sacral Nerve Stimulators: Rechargeable Sacral Nerve Stimulators, Non-Rechargeable Sacral Nerve Stimulators, Implantable Pulse Generators for Sacral Nerve Stimulation

4) By Vagus Nerve Stimulators: Rechargeable Vagus Nerve Stimulators, Non-Rechargeable Vagus Nerve Stimulators, Vagus Nerve Stimulation Systems for Epilepsy Treatment

5) By Other Product Types: Transcranial Magnetic Stimulation (TMS) Devices, Peripheral Nerve Stimulators, Cochlear Implants

Which Regions Are Most Influential in Expanding the Implantable Neurostimulators Market?

North America was the largest region in the implantable neurostimulators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the implantable neurostimulators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does the Definition of the Implantable Neurostimulators Market Include?

Implantable neurostimulators are medical devices designed to deliver electrical impulses to specific parts of the nervous system to modulate or alter nerve activity. These devices are used to treat a variety of conditions, particularly chronic pain, neurological disorders, and other conditions where normal nerve function is impaired. The main purpose of an implantable neurostimulator is to regulate abnormal nerve signals or stimulate underactive nerves.

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