Global Neurostimulation Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Devices Type;

Implantable Devices - Vagus Nerve Stimulators, Spinal Cord Stimulators, Deep Brain Stimulators, Gastric Electric Stimulators and Others, External Devices - Transcranial Magnetic Stimulation (TMS), Transcutaneous Electrical Nerve Stimulation (TENS), and Others.

By Application;

Parkinson's Disease, Epilepsy, Depression, Dystonia, Pain Management, and Others Indications.

By Type;

Internal Neuromodulation and External Neuromodulation.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn409577756 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Neurostimulation Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Neurostimulation Devices Market was valued at USD 9,213.13 million. The size of this market is expected to increase to USD 20,354.56 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.0%.

The global neurostimulation devices market has been witnessing significant growth, driven by an increasing prevalence of neurological disorders and chronic pain conditions. Neurostimulation devices, which include spinal cord stimulators, deep brain stimulators, and vagus nerve stimulators, offer therapeutic solutions for conditions such as Parkinson’s disease, epilepsy, and chronic pain. The rise in these conditions, coupled with advancements in medical technology, is propelling the demand for neurostimulation devices. These devices provide a viable alternative to traditional therapies, particularly for patients who do not respond to conventional treatments.

Advancements in neurostimulation technology have played a pivotal role in the market’s expansion. Innovations such as minimally invasive surgical techniques, improved battery life, and enhanced precision in targeting affected areas have significantly improved the efficacy and safety of neurostimulation devices. These technological strides have not only increased the adoption rate among healthcare providers but also enhanced patient outcomes, making neurostimulation a preferred treatment option. The development of new neurostimulation applications continues to broaden the therapeutic landscape, offering hope for conditions that were previously difficult to manage.

The growing geriatric population is another critical factor contributing to the market growth. As the global population ages, the incidence of age-related neurological disorders rises, increasing the need for effective management options. Neurostimulation devices provide a promising solution for managing symptoms and improving the quality of life for elderly patients. Increasing awareness and acceptance of neurostimulation therapies among both patients and healthcare providers are boosting market penetration. Supportive government initiatives and funding for neurological research further bolster the market, creating a favorable environment for growth and innovation. Despite these positive trends, the market faces several challenges. High costs associated with neurostimulation devices and procedures can be prohibitive for many patients. The stringent regulatory approval processes for medical devices also pose significant hurdles, potentially delaying the introduction of new products. The risk of complications and limited reimbursement policies can deter patients and healthcare providers from opting for neurostimulation therapies. However, emerging markets, technological innovations, and strategic collaborations present substantial growth opportunities, promising a robust future for the global neurostimulation devices market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Devices Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Type
    4. Market Snapshot, By Region
  4. Global Neurostimulation Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Neurostimulation Technology
        2. Growing Geriatric Population
        3. Increasing Awareness and Acceptance
      2. Restraints
        1. Risk of Complications and Side Effects
        2. Limited Reimbursement Policies
        3. Lack of Skilled Professionals
      3. Opportunities
        1. Expansion of Indications
        2. Strategic Collaborations and Partnerships
        3. Increasing Investment in R&D
    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 Neurostimulation Devices Market, By Devices Type, 2021 - 2031 (USD Million)
      1. Implantable Devices
        1. Vagus Nerve Stimulators
        2. Spinal Cord Stimulators
        3. Deep Brain Stimulators
        4. Gastric Electric Stimulators
        5. Others
      2. External Devices
        1. Transcranial Magnetic Stimulation (TMS)
        2. Transcutaneous Electrical Nerve Stimulation (TENS)
        3. Others
    2. Global Neurostimulation Devices Market, By Application, 2021 - 2031 (USD Million)
      1. Parkinson's Disease
      2. Epilepsy
      3. Depression
      4. Dystonia
      5. Pain Management
      6. Others Indications
    3. Global Neurostimulation Devices Market, By Type, 2021 - 2031 (USD Million)
      1. Internal Neuromodulation

      2. External Neuromodulation

    4. Global Neurostimulation Devices 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. Abbott
      2. Bayer Corporation
      3. Boston Scientific Corporation
      4. Cogentix Medical
      5. Cyberonics Inc
      6. Neuronetics
      7. NeuroPace Inc
      8. Nevro Corp
      9. Medtronic
      10. Synapse Biomedical Inc
  7. Analyst Views
  8. Future Outlook of the Market