Global Nerve Stimulators Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Deep Brain Stimulator (DBS) , Vagus Nerve Stimulator (VNS), Spinal Cord Stimulator (SCS) , Chemotherapy Drugs, and Targeted Drug Therapy.

By Application;

Chronic Pain , Depression, Dystonia , Epilepsy, and Parkinson’s Disease.

By End User;

Ambulatory Surgical Centers, Hospital & Clinics, and Trauma Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn158036843 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Nerve Stimulators Market (USD Million), 2021 - 2031

In the year 2024, the Global Nerve Stimulators Market was valued at USD 839.92 million. The size of this market is expected to increase to USD 1,279.71 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.

Neurostimulation utilizes implantable medical devices to modulate and alter neural activities for therapeutic purposes. The equipment used in this process, known as neurostimulators, delivers electrical stimulation to specific parts of the brain, peripheral nervous system, and spinal cord to treat various neurological disorders. The COVID-19 pandemic significantly disrupted neurological activities in outpatient clinics due to government-imposed containment measures. Vulnerable patients, such as those with Parkinson’s disease or dystonia undergoing Deep Brain Stimulation (DBS), faced increased chronic stress and worsening motor and psychiatric symptoms due to social restrictions.

Neurostimulators play a crucial role in treating movement disorders, epilepsy, Parkinson’s disease, chronic pain, and depression. Companies are actively developing and introducing new products to the market. For instance, in April 2023, Neuspera Medical announced FDA approval for its next-generation ultra-miniaturized Neuspera system, which delivers neurostimulation therapy via a wireless platform and offers an ultra-small version for better anatomical diagnosis and patient experience.

Several factors are driving the growth of the neurostimulation market, including the growing geriatric population, the introduction of technologically advanced products, increased demand for these products as add-on therapies, and a rising incidence of chronic diseases like migraines and epilepsy. Additionally, the market is propelled by the high prevalence of neurological and lifestyle-related disorders, external funding for research and development, and the increasing demand for minimally invasive surgeries. According to the American Academy of Neurology, stroke is the third leading cause of death in the U.S., while Alzheimer’s disease ranks as the sixth leading cause of death.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Nerve Stimulators Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising prevalence of neurological disorders and chronic pain
        2. Advancements in technology
        3. Increasing government support
      2. Restraints
        1. High cost of devices and procedures
        2. Reimbursement challenges
        3. Potential side effects
      3. Opportunities
        1. Development of new applications
        2. Expansion into emerging markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Nerve Stimulators Market, By Type, 2021 - 2031 (USD Million)
      1. Deep Brain Stimulator (DBS)
      2. Vagus Nerve Stimulator (VNS)
      3. Spinal Cord Stimulator (SCS)
      4. Chemotherapy drugs
      5. Targeted drug therapy
    2. Global Nerve Stimulators Market, By Application, 2021 - 2031 (USD Million)
      1. Chronic Pain
      2. Depression
      3. Dystonia
      4. Epilepsy
      5. Parkinson’s Disease
    3. Global Nerve Stimulators Market, By End User, 2021 - 2031 (USD Million)
      1. Ambulatory Surgical Centers
      2. Hospital & Clinics
      3. Trauma Centers
    4. Global Nerve Stimulators Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Boston Scientific Corporation
      2. Cochlear Ltd
      3. Medtronic
      4. St Jude Medical, Inc
      5. Cyberonics, Inc
      6. Aleva Neurotherapeutics SA
      7. NeuroPace, Inc
  7. Analyst Views
  8. Future Outlook of the Market