The nerve stimulator market is expected to grow from USD 4.72 Billion in 2022 to USD 13.51 Billion by 2032, at a CAGR of 11.09% during the forecast period 2023-2032.
The intentional modification of the nervous system's activity through invasive or non-invasive techniques is known as neurostimulation. The use of neurostimulators can enhance the quality of life for people who are severely paralyzed or have suffered significant losses to different sense organs. It can also permanently lessen severe, chronic pain that would otherwise require continuous, high-dose opioid therapy. Low voltage electrical current is used in electrical nerve stimulator therapy to reduce pain.
The driving factors of the market growth are the increasing demand for nerve stimulators among the entire chronic disease patient population and the increasing geriatric population. However, the high cost of nerve stimulators and lack of awareness among the patient population are the restraining factors of the market growth. Many healthcare professionals have started to provide add-on nerve stimulation therapy, which is an opportunity factor for market growth. Many people nowadays are keen on undergoing minimally invasive therapy for managing their chronic diseases, and thus, the demand for nerve stimulation is propelling the demand for stimulators.
This study delivers a comprehensive analysis of product type, application, end-users, and region. The product type segment includes a spinal cord stimulator, sacral nerve stimulator, deep brain stimulator, gastric electric stimulator and vagus nerve stimulator. The spinal cord stimulator segment holds the largest market share in 2022 due to the broad scope of application and availability of commercial products. The application segment includes pain management, essential tremor, epilepsy, urinary and faecal incontinence, dystonia, depression, Parkinson’s disease, gastroparesis and others. The pain management segment held the largest market share in 2022. The rising prevalence of chronic pain disorders among patients is driving the growth of the nerve stimulator market. The end-user segment includes hospitals and clinics, trauma centres and ambulatory surgical centres. The hospitals and clinics held the largest market share in 2022. Hospitals and clinics are investing in nerve stimulation technology to provide add-on therapy to patients with chronic conditions.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share due to prominent end-users and increasing investment in the healthcare industry. Moreover, the strong presence of key companies, the increasing prevalence of chronic diseases and the rising awareness of neurological disorders are some of the factors responsible for the market growth in this region. The Asia Pacific is projected to grow significantly due to the increasing number of manufacturers shifting their production base and increasing investment by local governments, particularly in India, China, and Japan.
Some notable players in the market are Cyberonics, Medtronic, Boston Scientific Corp, Nevro Corp., St. Jude Medical, Inc., Abbott, IntraPace, SPR Therapeutics, Neuronetics, Laborie, IntraPace, BioControl Medical, LivaNova and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By End-users
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing prevalence of chronic disorders
5.3. Restraints
5.3.1. High cost devices
5.4. Opportunities
5.4.1. Increasing investment in neurological department
5.4.2. Rising geriatric population
6. Global Nerve Stimulator Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Spinal Cord Stimulator
6.3. Sacral Nerve Stimulator
6.4. Deep Brain Stimulator
6.5. Gastric Electric Stimulator
6.6. Vagus Nerve Stimulator
7. Global Nerve Stimulator Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Pain Management
7.3. Essential Tremor
7.4. Epilepsy
7.5. Urinary and Fecal Incontinence
7.6. Dystonia
7.7. Depression
7.8. Parkinson’s Disease
7.9. Gastroparesis
7.10. Others
8. Global Nerve Stimulator Market Analysis and Forecast, By End-users
8.1. Segment Overview
8.2. Hospitals and Clinics
8.3. Trauma Centers
8.4. Ambulatory Surgical Centres
9. Global Nerve Stimulator Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Nerve Stimulator Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Nerve Stimulator Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Cyberonics
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Medtronic
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Boston Scientific Corp
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Nevro Corp.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. St. Jude Medical, Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Abbott
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. IntraPace
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. SPR Therapeutics
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Neuronetics
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Laborie
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. IntraPace
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. BioControl Medical
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. LivaNova
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
List of Table
1. Global Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
2. Global Spinal Cord Stimulator, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
3. Global Sacral Nerve Stimulator, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
4. Global Deep Brain Stimulator, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
5. Global Gastric Electric Stimulator, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
6. Global Vagus Nerve Stimulator, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
7. Global Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
8. Global Pain Management, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
9. Global Essential Tremor, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
10. Global Epilepsy, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
11. Global Urinary and Fecal Incontinence, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
12. Global Dystonia, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
13. Global Depression, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
14. Global Parkinson’s Disease, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
15. Global Gastroparesis, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
16. Global Others, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion
17. Global Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
18. Global Hospitals and Clinics, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
19. Global Trauma Centers, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
20. Global Ambulatory Surgical Centres, Nerve Stimulator Market, By Region, 2019-2032 (USD Billion)
21. North America Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
22. North America Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
23. North America Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
24. U.S. Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
25. U.S. Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
26. U.S. Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
27. Canada Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
28. Canada Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
29. Canada Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
30. Mexico Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
31. Mexico Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
32. Mexico Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
33. Europe Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
34. Europe Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
35. Europe Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
36. Germany Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
37. Germany Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
38. Germany Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
39. France Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
40. France Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
41. France Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
42. U.K. Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
43. U.K. Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
44. U.K. Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
45. Italy Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
46. Italy Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
47. Italy Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
48. Spain Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
49. Spain Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
50. Spain Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
51. Asia Pacific Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
52. Asia Pacific Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
53. Asia Pacific Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
54. Japan Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
55. Japan Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
56. Japan Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
57. China Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
58. China Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
59. China Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
60. India Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
61. India Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
62. India Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
63. South America Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
64. South America Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
65. South America Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
66. Brazil Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
67. Brazil Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
68. Brazil Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
69. Middle East and Africa Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
70. Middle East and Africa Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
71. Middle East and Africa Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
72. UAE Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
73. UAE Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
74. UAE Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
75. South Africa Nerve Stimulator Market, By Product Type, 2019-2032 (USD Billion)
76. South Africa Nerve Stimulator Market, By Application, 2019-2032 (USD Billion)
77. South Africa Nerve Stimulator Market, By End-users, 2019-2032 (USD Billion)
List of Figures
1. Global Nerve Stimulator Market Segmentation
2. Global Nerve Stimulator Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Nerve Stimulator Market Attractiveness Analysis By Product Type
9. Global Nerve Stimulator Market Attractiveness Analysis By Application
10. Global Nerve Stimulator Market Attractiveness Analysis By End-users
11. Global Nerve Stimulator Market Attractiveness Analysis By Region
12. Global Nerve Stimulator Market: Dynamics
13. Global Nerve Stimulator Market Share By Product Type (2023 & 2032)
14. Global Nerve Stimulator Market Share By Application (2023 & 2032)
15. Global Nerve Stimulator Market Share By End-users (2023 & 2032)
16. Global Nerve Stimulator Market Share By Regions (2023 & 2032)
17. Global Nerve Stimulator Market Share By Company (2022)
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