Neuromodulation Market by Product and Geography - Forecast and Analysis 2020-2024

Neuromodulation Market by Product and Geography - Forecast and Analysis 2020-2024

Global Neuromodulation Market: About this market

Technavio’s neuromodulation market analysis considers sales from implantable neuromodulation devices and external neuromodulation devices. Our study also finds the sales of neuromodulation in Asia, Europe, North America, and ROW. In 2019, the implantable neuromodulation devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as technological advances and new product launches will play a significant role in the implantable neuromodulation devices segment to maintain its market position. Also, our global neuromodulation market report looks at factors such as increasing prevalence of chronic diseases and related risk factors, increasing awareness initiatives and access to healthcare, and technological advances. However, high cost of devices and procedures, device limitations and complications, and stringent regulations may hamper the growth of the neuromodulation industry over the forecast period.

Global Neuromodulation Market: Overview

Technological advances

Technological advances related to battery longevity and miniaturization of implantable neuromodulation devices, including the circuitry and battery, device software and programming, introduction of rechargeable batteries, and implantation techniques, have significantly improved the reliability and effectiveness of neuromodulation devices. One of the latest technological advances in neuromodulation devices has been the development of MRI-conditional implantable neuromodulation devices. Such technological advances will lead to the expansion of the global neuromodulation market at a CAGR of over 11% during the forecast period.

Expanding indications

Several neuromodulation devices have recently received approval for indications and are ongoing clinical trials to explore their additional therapeutic properties. Some new indications that are currently being investigated for neuromodulation therapy include Alzheimer's, heart failure, stroke recovery, diabetic neuropathy, migraine headaches, refractory angina relief, hypertension, chronic respiratory insufficiency, and gastrointestinal disorders. Historically, neuropathic pain conditions have been difficult to treat as the pain stem from tissue and nerve damages or result from a disruption in how the peripheral and central nervous system processes or transmit pain signals. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global neuromodulation market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global neuromodulation market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading neuromodulation manufacturers, that include Abbott Laboratories, Boston Scientific Corp., LivaNova Plc, Medtronic Plc, NeuroMetrix Inc., Neuronetics Inc., Nevro Corp., Nuvectra Co., OMRON Corp., and Zynex Inc.

Also, the neuromodulation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare equipment market
      • Table Segments of global healthcare equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
    • Value chain analysis
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market Outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by product
    • Table Product - Market share 2019-2024 (%)
    • Comparison by product
      • Table Comparison by product
    • Implantable neuromodulation devices - Market size and forecast 2019-2024
      • Table Implantable neuromodulation devices - Market size and forecast 2019-2024 ($ millions)
      • Table Implantable neuromodulation devices - Year-over-year growth 2020-2024 (%)
    • External neuromodulation devices - Market size and forecast 2019-2024
      • Table External neuromodulation devices - Market size and forecast 2019-2024 ($ millions)
      • Table External neuromodulation devices - Year-over-year growth 2020-2024 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Number of people aged 65 years and above in EU countries in 2005 and 2018 (in millions)
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • Asia - Market size and forecast 2019-2024
      • Table Number of people aged 65 years and above in Asian countries in 2005 and 2018 (in millions)
      • Table Asia - Market size and forecast 2019-2024 ($ millions)
      • Table Asia - Year-over-year growth 2020-2024 (%)
    • ROW - Market size and forecast 2019-2024
      • Table ROW - Market size and forecast 2019-2024 ($ millions)
      • Table ROW - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Improving reimbursement policies
    • Strategic collaborations and acquisitions
    • Expanding indications
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abbott Laboratories
      • Table Abbott Laboratories - Vendor overview
      • Table Abbott Laboratories - Business segments
      • Table Abbott Laboratories - Organizational developments
      • Table Abbott Laboratories - Geographic focus
      • Table Abbott Laboratories - Segment focus
      • Table Abbott Laboratories - Key offerings
    • Boston Scientific Corp.
      • Table Boston Scientific Corp. - Vendor overview
      • Table Boston Scientific Corp. - Business segments
      • Table Boston Scientific Corp. - Organizational developments
      • Table Boston Scientific Corp. - Geographic focus
      • Table Boston Scientific Corp. - Segment focus
      • Table Boston Scientific Corp. - Key offerings
    • LivaNova Plc
      • Table LivaNova Plc - Vendor overview
      • Table LivaNova Plc - Product segments
      • Table LivaNova Plc - Organizational developments
      • Table LivaNova Plc - Geographic focus
      • Table LivaNova Plc - Segment focus
      • Table LivaNova Plc - Key offerings
    • Medtronic Plc
      • Table Medtronic Plc - Vendor overview
      • Table Medtronic Plc - Business segments
      • Table Medtronic Plc - Organizational developments
      • Table Medtronic Plc - Geographic focus
      • Table Medtronic Plc - Segment focus
      • Table Medtronic Plc - Key offerings
    • NeuroMetrix Inc.
      • Table NeuroMetrix Inc. - Vendor overview
      • Table NeuroMetrix Inc. - Business segments
      • Table NeuroMetrix Inc. - Organizational developments
      • Table NeuroMetrix Inc. - Key offerings
    • Neuronetics Inc.
      • Table Neuronetics Inc. - Vendor overview
      • Table Neuronetics Inc. - Business segments
      • Table Neuronetics Inc. - Organizational developments
      • Table Neuronetics Inc. - Geographic focus
      • Table Neuronetics Inc. - Key offerings
    • Nevro Corp.
      • Table Nevro Corp. - Vendor overview
      • Table Nevro Corp. - Business segments
      • Table Nevro Corp. - Organizational developments
      • Table Nevro Corp. - Geographic focus
      • Table Nevro Corp. - Key offerings
    • Nuvectra Co.
      • Table Nuvectra Co. - Vendor overview
      • Table Nuvectra Co. - Business segments
      • Table Nuvectra Co. - Organizational developments
      • Table Nuvectra Co. - Geographic focus
      • Table Nuvectra Co. - Key offerings
    • OMRON Corp.
      • Table OMRON Corp. - Vendor overview
      • Table OMRON Corp. - Business segments
      • Table OMRON Corp. - Organizational developments
      • Table OMRON Corp. - Geographic focus
      • Table OMRON Corp. - Segment focus
      • Table OMRON Corp. - Key offerings
    • Zynex Inc.
      • Table Zynex Inc. - Vendor overview
      • Table Zynex Inc. - Business segments
      • Table Zynex Inc. - Organizational developments
      • Table Zynex Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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