2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Major Innovations Are Driving the Accelerated Growth of the Neural Implants Market?

Rising neurological disorder prevalence is advancing the neural implants market. These implants improve neural function in diseases like Parkinson’s and epilepsy. In March 2022, the Alzheimer’s Association stated nearly 7 million Americans aged 65 and older had Alzheimer’s, with costs projected to reach $360 billion in 2024 and $1 trillion by 2050. The increasing need is fueling the neural implants market.

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#What is the Anticipated CAGR of theNeural Implants Market, and What Factors Will Drive It?

The neural implants market size has expanded quickly in recent years. It is forecasted to grow from $5.39 billion in 2024 to $5.96 billion in 2025 at a CAGR of 10.6%. This growth is attributed to the availability of advanced healthcare facilities, an aging population, preference for minimally invasive treatments, personalized healthcare trends, and improved infrastructure.

The neural implants market is forecasted to grow to $8.8 billion in 2029, with a CAGR of 10.2%. Growth is attributed to the increasing prevalence of neurological disorders, patient awareness of new treatments, device availability, and the preference for MR-conditional implants. Key trends include product innovations, technological advancements, neuroprosthetics, and AI integration in neural implants.

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What Are the Most Significant Market Trends Transforming theNeural Implants Market?

Major companies in the neural implant market are introducing new devices like deep brain stimulation (DBS) systems to treat movement disorders. In January 2024, Abbott Laboratories, a US-based healthcare company, launched Liberta RC, the smallest rechargeable DBS device with remote programming, requiring minimal annual recharges and allowing wireless, active charging via the NeuroSphere virtual clinic.

What Are the Top Market Players Propelling the Growth of theNeural Implants Industry?

Major companies operating in the neural implants market are Abbott Laboratories, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, Smith & Nephew plc, Integra LifeSciences, Cochlear Ltd., LivaNova PLC, Renishaw plc, MicroPort Scientific Corporation, Nevro Corp., Inspire Medical Systems Inc., Cyberonics Inc., Axonics Modulation Technologies Inc., Saluda Medical, NeuroPace Inc., Fisher Wallace, BioControl Medical, Cerbomed GmbH, Nuvectra Corporation

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Which Primary Segments of the Neural Implants Market Are Driving Growth and Industry Transformations?

The neural implants market covered in this report is segmented –

1) By Product: F And B Spinal Cord Stimulation (SCS), Deep Brain Stimulation (DBS), Vagus Nerve Stimulation (VNS)

2) By Application: Chronic Pain, Parkinson’s Disease (PD), Epilepsy, Other Applications

3) By End-User: Hospitals, Specialized Neurological Centers (SNCs), Outpatient Surgery Centers

Subsegments:

1) By F And B Spinal Cord Stimulation (Scs): Traditional Spinal Cord Stimulation, High-Frequency Spinal Cord Stimulation, Burst Spinal Cord Stimulation

2) By Deep Brain Stimulation (Dbs): Subthalamic Nucleus (Stn) Dbs, Globus Pallidus Internus (Gpi) Dbs, Ventral Intermediate Nucleus (Vim) Dbs

3) By Vagus Nerve Stimulation (Vns): Implantable Vagus Nerve Stimulators, Non-Invasive Vagus Nerve Stimulators

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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Neural Implants Market?# Market?

North America was the largest region in the neural implants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neural implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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