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How has the vagus nerve stimulation market size evolved in recent years?

The size of the market for vagus nerve stimulation has witnessed quick expansion in past few years. Projected to inflate from $0.89 billion in 2024 to $1.02 billion in 2025, it will experience a compound annual growth rate (CAGR) of 14.9%. The historic growth of this market can be credited to factors such as a surge in the elderly population, a high incidence of depression, an amplified awareness and reception of alternative treatments, a rising frequency of epilepsy, and an uptick in chronic disease occurrences.

What are the predictions for the vagus nerve stimulation market size in the coming years?

In the coming years, the market for vagus nerve stimulation is anticipated to experience a significant expansion. The market is projected to increase to $1.76 billion by 2029, with a compound annual growth rate (CAGR) of 14.6%. The escalation during the forecast period is due to increasing cases of treatment-resistant depression, more widespread use of minimal-invasive neurosurgical methods, growing R&D initiatives, enhanced healthcare infrastructure, and a rise in the occurrence and incidence of neurological disorders. Major trends of the forecast period comprise advancements in technology, product design innovations, robotic-assisted implantation, electrical stimulation devices, and revolutionary stimulation techniques.

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What key factors are fueling the growth of the vagus nerve stimulation market?

The growth of the vagus nerve stimulation market is anticipated to be spurred by the rising occurrence of neurological disorders. These disorders, which affect the brain, spinal cord, or nerves, lead to issues with movement, sensation, cognition, or overall functioning. They can be caused by a blend of genetic, environmental, and lifestyle influences, and physical injuries like head or spinal cord injuries can also lead to such disorders. Vagus nerve stimulation, which helps manage these disorders by modulating brain activity and neurotransmitter levels, can help alleviate symptoms in conditions like epilepsy, depression, and certain migraines. For example, in September 2024, the Australian Institute of Health and Welfare, a government agency based in Australia, estimated that 411,100 Australians coped with dementia in 2023, and this figure is expected to more than double by 2058. Consequently, the surge in neurological disorders is fuelling the demand in the vagus nerve stimulation market.

How is the global vagus nerve stimulation market divided into key segments?

The vagus nerve stimulation market covered in this report is segmented –

1) By Product: Implantable Vagus Nerve Stimulation Device, External Vagus Nerve Stimulation Device

2) By Biomaterial: Metallic, Ceramics, Polymeric

3) By Application: Epilepsy, Depression, Migraine

4) By End-Use: Hospitals, Neurology Clinics, Ambulatory Surgical Centers, Research Centers

Subsegments:

1) By Implantable Vagus Nerve Stimulation Device: Pulse Generators, Leads and Electrodes, Rechargeable Implantable Devices, Non-Rechargeable Implantable Devices

2) By External Vagus Nerve Stimulation Device: Transcutaneous Vagus Nerve Stimulation Devices, Wearable VNS Devices, Portable External Stimulators, Home-use VNS Devices

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Who are the key firms paving the way for growth in the vagus nerve stimulation market?

Major companies operating in the vagus nerve stimulation market are Medtronic PLC, Stryker Corporation, Boston Scientific Corporation, Dignity Health, LivaNova LLC, NeuroTek Inc., Neurospace Inc., ReShape Lifesciences Inc., electroCore Inc., Adriakaim Inc., Soterix Medical Inc., Nexstim PLC, Cleveland Medical Devices Inc., MicroTransponder Inc., Parasym Ltd., Neuvana LLC, NeuroSigma Inc., Evren Technologies Inc., Integrative Health Technologies Inc., Aucta Technologies Inc

Which trends are expected to transform the vagus nerve stimulation market?

Primary players in the vagus nerve stimulation industry are concentrating on the creation of highly advanced products like implantable pulse generators (IPG). These devices are designed to provide a durable, adjustable, and targeted treatment for chronic ailments. Essentially, an IPG is a medical instrument that is surgically implanted beneath the skin to direct electrical impulses to certain parts of the body. This helps in treating conditions such as chronic pain or neurological diseases. For instance, LivaNova Plc, a UK based medical device organization, introduced the SenTiva DUO in February 2023. This unique IPG is tailor-made for vagus nerve stimulation therapy, specifically aiming to treat drug-resistant epilepsy. This novel device permits patients with original dual-pin systems to update without the need for lead adjustments, offering an advanced VNS therapy with custom and automatic delivery. The SenTiva DUO improves seizure suppression and encourages better treatment adherence, marking a noteworthy progression for individuals seeking effective control of their condition.

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What regions are contributing significantly to the growth of the vagus nerve stimulation market?

North America was the largest region in the vagus nerve stimulation market in 2024. The regions covered in the vagus nerve stimulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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