Comprehensive Analysis of the Internal Neuromodulation Devices Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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What fueled the previous growth in the internal neuromodulation devices market?
The market size for internal neuromodulation devices has seen substantial growth in recent years. The value is predicted to rise from $2.59 billion in 2024 to $2.77 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.8%. This growth during the historic period can be credited to factors such as chronic pain management, an aging population, clinical research and trials, prevalence of neurological disorders, and increased patient awareness and acceptance.
What will be the internal neuromodulation devices market size in the future?
The market size of internal neuromodulation devices is anticipated to witness robust expansion in the coming years, soaring up to “$3.94 billion by 2029 with a 9.2% compound annual growth rate (CAGR). The growth projected during the forecast period can be ascribed to factors such as adoption of personalized medicine, increased healthcare spending, strategic collaborations and partnerships, improvements in patient outcomes, and shifts in regulatory landscapes. Key trends expected to shape the market during the forecast period involve the miniaturization and implantable technology, wireless connectivity for remote monitoring, broadened neuromodulation applications, the development of closed-loop systems for accurate modulation, and a heightened emphasis on patient-centered design.
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What main drivers are fueling expansion in the internal neuromodulation devices market?
The rise in cases of neurological conditions is anticipated to propel the expansion of the internal neuromodulation devices market. Neurological conditions comprise a large subset of disorders impacting the nerves, including the brain, spinal cord, and nerves throughout the body. Internal neuromodulation devices are medical equipment designed to manage neurological and psychiatric illnesses by administering electrical encouragement to specific parts of the nervous system, which can alleviate symptoms such as chronic pain, movement disorders, and mood disorders. Their use can enhance the quality of living for patients by diminishing symptoms and helping them maintain daily activities with greater ease. For example, in April 2023, the US-based National Library Medicine reported that 6.7 million Americans were diagnosed with Alzheimer’s, projecting a substantial increase to 13.8 million by 2060. Additionally, in May 2022, reports by the House of Lords Library, a UK-based information services firm, showed that there were 1,638 full-time neurology workforce members in England as of January 31, 2022, marking an increase from 1,562 in 2021 and further up from 1,468 in 2020. Thus, the escalating prevalence of neurological diseases is contributing to the growth of the internal neuromodulation devices market.
What key areas define the segmentation of the global internal neuromodulation devices market?
The internal neuromodulation devices market covered in this report is segmented –
1) By Type: Spinal Cord Stimulator, Deep Brain Stimulator, Sacral Nerve Stimulator, Vagus Nerve Stimulator, Gastric Neuro Stimulator
2) By Technology Type: Internal Neuromodulation, External Neuromodulation
3) By Biomaterial: Metallic Biomaterials, Polymeric Biomaterials, Ceramic Biomaterials
4) By Application: Failed Back Surgery Syndrome, Parkinson’s Disease, Urinary Incontinence, Epilepsy, Gastroparesis
5) By End-User: Hospitals, Clinics, Home Healthcare, Community Healthcare
Subsegments:
1) By Spinal Cord Stimulator: Traditional Spinal Cord Stimulator, Rechargeable Spinal Cord Stimulator, Non-Rechargeable Spinal Cord Stimulator
2) By Deep Brain Stimulator: Single Lead Deep Brain Stimulator, Dual Lead Deep Brain Stimulator, Adaptive Deep Brain Stimulator
3) By Sacral Nerve Stimulator: Implantable Sacral Nerve Stimulator, External Sacral Nerve Stimulator
4) By Vagus Nerve Stimulator: Implantable Vagus Nerve Stimulator, Transcutaneous Vagus Nerve Stimulator
5) By Gastric Neuro Stimulator: Implantable Gastric Neuro Stimulator, External Gastric Neuro Stimulator
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Who are the dominant players expanding their reach in the internal neuromodulation devices market?
Major companies operating in the internal neuromodulation devices market include Medtronic plc, Boston Scientific Corporation, BioControl Medical Ltd., Aleva Neurotherapeutics SA, Bioness Inc., Uroplasty Inc., Abbott Laboratories, EnteroMedics Inc., LivaNova plc, NeuroPace Inc., Synapse Biomedical Inc., Soterix Medical Inc., Neuros Medical Inc., Nevro Corp., Nuvectra Corporation, Stimwave Technologies Incorporated, SPR Therapeutics, Axonics Modulation Technologies Inc., Saluda Medical Pty Limited, MicroTransponder Inc., EndoStim Inc., NeuroMetrix Inc., Second Sight Medical Products Inc., Neurotech International Limited, Neuronix Ltd., Neuronoff Inc.
How are evolving market trends shaping internal neuromodulation devices Strategies?
Novel product developments are becoming an increasingly influential trend within the internal neuromodulation devices market. To maintain their competitive edge, significant players in this market are focusing on the creation of innovative technologies. For instance, in March 2023, Neuromod Device Ltd., a medical equipment manufacturing company from Ireland, announced that the US Food and Drug Administration (FDA) had granted De Novo clearance to their Lenire system. This system specifically treats tinnitus, a neurological disorder causing constant ear ringing, using a dual neurostimulation method, an amalgamation of sound and tongue stimulation. Unique sounds, intended to stimulate the auditory nerve, are delivered through Bluetooth headphones, while Neuromod’s Tonguetip device, which is placed in the mouth, issues a moderate electrical stimulation to the tongue’s surface. With the advent of this advanced Lenire technology, otolaryngologists now have the option of recommending it to patients who are at least moderately affected by tinnitus.
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Which regions are emerging as leaders in the internal neuromodulation devices market?
North America was the largest region in the internal neuromodulation devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global internal neuromodulation devices market report during the forecast period. The regions covered in the internal neuromodulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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