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How has the implantable pulse generator market size evolved in recent years?

Over the past few years, the market for implantable pulse generators has seen a rapid expansion. The market value which was $133.75 billion in 2024 is expected to surge to $148.38 billion in 2025, representing a compound annual growth rate (CAGR) of 10.9%. This market growth during the historic period is chiefly due to factors such as the surge in the number of home healthcare facilities, increased application of neuromodulation in managing diseases, improved patient diagnosis rates, rising use of medical devices, and greater patient awareness.

What are the predictions for the implantable pulse generator market size in the coming years?

Rapid expansion is forecasted for the implantable pulse generator market over the next several years, with a projected growth to $222.76 billion in 2029 and a compound annual growth rate (CAGR) of 10.7%. Factors contributing to the predicted growth within this period encompass a rise in healthcare expenditure, a preference from patients for less invasive procedures, beneficial reimbursement policies, growth in application areas, and increased usage of implants in therapies. Key trends for the forecast period to note include the downsizing of devices, improved battery longevity, the advent of wireless connectivity, smart implantable devices, and the incorporation of artificial intelligence and machine learning.

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What key factors are fueling the growth of the implantable pulse generator market?

The increase in neurological disorder cases is predicted to stimulate the expansion of the implantable pulse generator market. Neurological disorders, encompassing issues affecting the brain, spinal cord and nervous system which influence functions like movement, sensation and cognition, link to factors such as aging populations, lifestyle shifts, environmental impacts, and enhanced detection techniques. Implantable pulse generators are beneficial in managing neurological disorders by delivering focused electrical impulses to regulate abnormal neural activity and alleviate symptoms. For example, the Parkinson Foundation, a nonprofit organization based in the US, indicated in December 2022 that there were 930,000 people in the US suffering from Parkinson’s disease (PD) by 2020, and this number is set to rise to 1.2 million by 2030. Hence, the escalating prevalence of neurological disorders is fueling the implantable pulse generator market’s growth.

How is the global implantable pulse generator market divided into key segments?

The implantable pulse generator market covered in this report is segmented –

1) By Product: Implantable Cardiac Pacemakers, Implantable Defibrillators, Cochlear Implants, Implantable Nerve Stimulators (Fes), Implantable Infusion Pumps, Implantable Active Monitoring Devices

2) By Charging Type: Rechargeable, Non Rechargeable

3) By Application: Cardiovascular Diseases, Movement Disorders, Orthopedic Diseases, Other Applications

4) By End User: Hospitals, Ambulatory Surgical Centers, Home Care Settings, Clinics

Subsegments:

1) By Implantable Cardiac Pacemakers: Single-Chamber Pacemakers, Dual-Chamber Pacemakers, Biventricular Pacemakers

2) By Implantable Defibrillators: Implantable Cardioverter Defibrillators (ICD), Subcutaneous Implantable Defibrillators (S-ICD)

3) By Cochlear Implants: Single-Channel Cochlear Implants, Multi-Channel Cochlear Implants

4) By Implantable Nerve Stimulators (Fes): Functional Electrical Stimulation (FES) Devices For Motor Function Restoration, Spinal Cord Stimulation Devices

5) By Implantable Infusion Pumps: Insulin Pumps, Pain Management Pumps, Intrathecal Drug Delivery Pumps

6) By Implantable Active Monitoring Devices: Continuous Glucose Monitoring Systems, Cardiac Monitoring Devices, Neurological Monitoring Devices

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Who are the key firms paving the way for growth in the implantable pulse generator market?

Major companies operating in the implantable pulse generator market are Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Integer Holdings Corporation, Livanova plc, Inspire Medical Systems Inc., Nevro Corp, Impulse Dynamics Ltd., Valtronic Inc., NeuroPace Inc., SPR Therapeutics Inc., Stimwave LLC, SetPoint Medical, ReShape Lifesciences Inc., Synapse Biomedical Inc., Nuvectra Medical Inc., NeuroSigma Inc., Nalu Medical Inc., MainStay Medical International PLC, Dextronix Inc., BioControl Medical Inc.

What are the key trends shaping the future of the implantable pulse generator market?

Leading firms in the implantable pulse generator market are intensifying their efforts to develop sophisticated neuromodulation devices, with the aim of increasing treatment effectiveness, enhancing patient results, and broadening the use of these devices for various neurological conditions. A neuromodulation device is a type of medical apparatus developed to modify nerve activity by directly applying electric or pharmaceutical substances to targeted sections of the nervous system. For example, CVRx Inc., a medical device company based in the US, rolled out the new Barostim NEO2 IPG, an implantable pulse generator intended for patients undergoing therapy, in November 2022. It operates on effective neuromodulation to ameliorate heart failure symptoms by sending electrical pulses to the baroreceptors located in the carotid artery wall. This stimulation triggers the body’s baroreflex, initiating an autonomic response in the heart. The therapy’s purpose is to reestablish equilibrium in the autonomic nervous system and relieve symptoms of heart failure.

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What regions are contributing significantly to the growth of the implantable pulse generator market?

North America was the largest region in the implantable pulse generator market in 2023. The regions covered in the implantable pulse generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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