Neuromodulation

Neuromodulation

Global Neuromodulation Market to Reach $8.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Neuromodulation estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$8.9 Billion by 2027, growing at a CAGR of 8.2% over the analysis period 2020-2027. Spinal Cord Stimulation, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$3.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Deep Brain Stimulation segment is readjusted to a revised 8.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 10% CAGR

The Neuromodulation market in the U.S. is estimated at US$2.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$663.5 Million by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 8.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.Sacral Nerve Stimulation Segment to Record 7.4% CAGR

In the global Sacral Nerve Stimulation segment, USA, Canada, Japan, China and Europe will drive the 7.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$696.3 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 83 Featured) -

• Abbott Laboratories
• Aleva Neurotherapeutics SA
• BioControl Medical
• Bioness Inc
• Boston Scientific Corporation
• Cefaly
• electroCore, Inc.
• Inspire Medical Systems, Inc.
• LivaNova PLC
• Medtronic
• Neuronetics
• NeuroPace, Inc.
• NeuroSigma, Inc.
• Nevro Corporation
• Respicardia, Inc
• Stimwave LLC
• Synapse Biomedical, Inc.

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