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).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.
Global Neurostimulation Devices Market Recent Developments
-
In June 2024, Nexalin Technology received approval from ANVISA, Brazil, for its second-generation 15 mA Neurostimulation Device. This marked the company's third approval for the device, following earlier approvals in China and Oman, expanding its market reach for innovative neurostimulation solutions.
-
In January 2024, Abbott received FDA approval for its smallest rechargeable deep brain stimulator, Liberta RC, designed for patients with movement disorders. This advancement offered a new treatment option, enhancing the quality of life for individuals suffering from conditions requiring deep brain stimulation.
Segment Analysis
The global neurostimulation devices market has been segmented by Devices Type, Application, Type and Geography. In terms of device type, the market includes implantable devices and external devices. Implantable devices, such as deep brain stimulators (DBS), spinal cord stimulators (SCS), and vagus nerve stimulators (VNS), are surgically implanted into the body to provide long-term neuromodulation for chronic conditions like Parkinson’s disease, epilepsy, chronic pain, and depression. These devices offer effective, lasting relief for patients who do not respond to medications. External devices, such as transcranial magnetic stimulation (TMS) and transcutaneous electrical nerve stimulation (TENS), provide non-invasive neuromodulation. These devices are used for conditions like migraines, mood disorders, and pain management and are often preferred for their convenience, safety, and non-surgical nature. Both device types are growing in popularity due to their proven efficacy and increasing patient preference for less invasive treatment options.
In the application segment, the neurostimulation devices market is driven by various therapeutic areas, including pain management, neurological disorders, psychiatric disorders, and rehabilitation. Pain management is a major application area, particularly for chronic pain conditions such as back pain, fibromyalgia, and neuropathic pain, where spinal cord stimulators (SCS) and transcutaneous electrical nerve stimulation (TENS) devices are frequently used. Neurological disorders, such as Parkinson’s disease, epilepsy, and multiple sclerosis, are another significant application, with deep brain stimulators (DBS) and vagus nerve stimulators (VNS) offering substantial therapeutic benefits. Neurostimulation devices are also increasingly used in the treatment of psychiatric disorders like depression, anxiety, and post-traumatic stress disorder (PTSD), with technologies like transcranial magnetic stimulation (TMS) gaining traction. Additionally, neurostimulation devices are applied in rehabilitation to improve motor function in patients with neurological impairments resulting from stroke or spinal cord injuries.
The type segmentation divides the market into internal neuromodulation and external neuromodulation. Internal neuromodulation involves devices that are implanted inside the body, such as deep brain stimulators (DBS), spinal cord stimulators (SCS), and vagus nerve stimulators (VNS), which deliver electrical impulses directly to the nervous system to modulate abnormal brain activity or relieve chronic pain. These devices require surgical implantation and are typically used in more severe, long-term conditions. External neuromodulation devices, such as transcranial magnetic stimulation (TMS), transcutaneous electrical nerve stimulation (TENS), and cranial electrotherapy stimulation (CES), provide non-invasive treatments and are growing in popularity due to their ease of use and the patient preference for non-surgical approaches. In terms of geography, North America holds the largest market share due to advanced healthcare infrastructure, high levels of awareness, and significant research and development investments. Europe follows closely, with strong healthcare systems and increasing adoption of neurostimulation technologies, while the Asia-Pacific region is expected to witness the highest growth, driven by increasing healthcare access, rising healthcare expenditures, and growing demand for advanced medical technologies in countries like China and India.
Global Neurostimulation Devices Segment Analysis
In this report, the Global Neurostimulation Devices Market has been segmented by Devices Type, Application, Type and Geography.
Global Neurostimulation Devices Market, Segmentation by Devices Type
The Global Neurostimulation Devices Market has been segmented by Devices Type into 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.
The global neurostimulation devices market is segmented into implantable and external devices, each encompassing a range of technologies designed to address various neurological conditions. Implantable devices, which are surgically placed within the body, include vagus nerve stimulators, spinal cord stimulators, deep brain stimulators, gastric electric stimulators, and other similar technologies. Vagus nerve stimulators are primarily used for epilepsy and depression, modulating brain activity through the vagus nerve. Spinal cord stimulators are often employed to manage chronic pain by delivering electrical impulses to the spinal cord, thus blocking pain signals before they reach the brain.
Deep brain stimulators are increasingly utilized for movement disorders such as Parkinson's disease, essential tremor, and dystonia. These devices deliver targeted electrical impulses to specific brain areas, helping to regulate abnormal brain signals. Gastric electric stimulators are designed to treat gastroparesis by enhancing gastric motility through electrical stimulation, providing relief for patients with severe digestive issues. The versatility and efficacy of these implantable devices make them a crucial component of the neurostimulation market, addressing a wide range of neurological and gastrointestinal conditions.
External neurostimulation devices, which are non-invasive, include transcranial magnetic stimulation (TMS) and transcutaneous electrical nerve stimulation (TENS). TMS devices are used primarily for depression, particularly in cases where patients have not responded to traditional treatments. By delivering magnetic pulses to specific brain regions, TMS can modulate neuronal activity, offering an alternative to pharmacological interventions. TENS devices, on the other hand, are widely used for pain management. They work by sending electrical impulses through the skin to stimulate nerves, thereby reducing pain perception. The market for external devices is growing due to their non-invasive nature, ease of use, and increasing clinical evidence supporting their efficacy. Other emerging external neurostimulation technologies are also being developed, broadening the scope of non-invasive treatment options available to patients. These devices are often favored for their lower risk profiles compared to implantable devices, making them an attractive option for both patients and healthcare providers. Overall, the global neurostimulation devices market is expanding, driven by advancements in both implantable and external technologies, each catering to distinct therapeutic needs and patient preferences.
Global Neurostimulation Devices Market, Segmentation by Application
The Global Neurostimulation Devices Market has been segmented by Application into Parkinson's Disease, Epilepsy, Depression, Dystonia, Pain Management and Others Indications.
The global neurostimulation devices market, segmented by application, encompasses a variety of neurological conditions, each with specific demands and growth potential. Parkinson's disease remains a significant application area, driven by the rising prevalence of the condition among the aging population. Neurostimulation devices, such as deep brain stimulators, offer substantial benefits in managing motor symptoms, thereby improving patients' quality of life. The market for these devices is bolstered by ongoing technological advancements and the increasing acceptance of neurostimulation as a viable treatment option for Parkinson's disease.
Epilepsy is another critical segment within the neurostimulation devices market. Vagus nerve stimulation (VNS) devices have proven effective in reducing the frequency and severity of seizures in patients who do not respond well to conventional treatments. The demand for such devices is fueled by the high incidence of epilepsy worldwide and the need for alternative therapies that offer better control of the condition. Continuous research and development efforts are focused on enhancing the efficacy and safety profiles of these devices, which is expected to drive market growth.
Depression, a major global health issue, represents a growing application area for neurostimulation devices. Treatments such as transcranial magnetic stimulation (TMS) are gaining traction due to their non-invasive nature and effectiveness in patients with treatment-resistant depression. The market is experiencing growth as more clinical evidence supports the benefits of neurostimulation for depression, alongside increasing patient and clinician awareness. The expanding availability of these treatments in clinical settings is also contributing to the rising adoption of neurostimulation devices for mental health applications. Pain management remains one of the largest segments in the neurostimulation devices market, driven by the widespread prevalence of chronic pain conditions. Spinal cord stimulation (SCS) devices are widely used to manage severe and chronic pain, offering an alternative to long-term medication use, which can have significant side effects. The growing focus on improving patient outcomes and reducing opioid dependency is leading to increased adoption of SCS devices. The market is expanding as new indications for neurostimulation, such as dystonia and other movement disorders, are being explored, further broadening the scope of these devices in clinical practice.
Global Neurostimulation Devices Market, Segmentation by Type
The Global Neurostimulation Devices Market has been segmented by Type into Internal Neuromodulation and External Neuromodulation.
The global neurostimulation devices market is segmented by type into internal neuromodulation and external neuromodulation. Internal neuromodulation involves devices that are implanted within the body to directly stimulate the nervous system. This includes technologies like deep brain stimulators (DBS), spinal cord stimulators (SCS), and vagus nerve stimulators (VNS). These devices are primarily used to treat conditions such as Parkinson’s disease, epilepsy, chronic pain, and depression. The internal neuromodulation market is growing rapidly, driven by advancements in implantation techniques, increased patient acceptance, and the effectiveness of these devices in managing chronic neurological disorders. They offer long-term solutions and are highly effective in cases where medication or other therapies have failed, contributing significantly to the market's growth.
On the other hand, external neuromodulation devices are non-invasive and typically involve the application of electrical impulses to the nervous system through the skin. These devices are used for conditions like migraine, chronic pain, and neurological rehabilitation. External devices include transcranial magnetic stimulation (TMS), transcutaneous electrical nerve stimulation (TENS), and cranial electrotherapy stimulation (CES). These devices offer the advantage of being less invasive and are gaining popularity due to their ease of use, portability, and ability to provide relief from a wide range of conditions without the need for surgical intervention. The growth of this segment is also being driven by rising patient preferences for non-invasive treatments and a growing understanding of their potential applications in treating mood disorders, pain management, and rehabilitation.
Both segments, internal and external neuromodulation, have been experiencing increasing demand, with each offering distinct advantages. Internal neuromodulation devices are typically used in more severe, chronic cases, where direct stimulation of the nervous system provides substantial therapeutic effects. These devices require surgical implantation but offer long-lasting results, making them ideal for patients with conditions like epilepsy, Parkinson’s disease, and chronic pain. In contrast, external neuromodulation devices are often preferred for less invasive treatment and as complementary therapies for managing symptoms. The non-invasive nature of these devices makes them appealing for both acute and chronic conditions, thus widening their adoption across the patient population. The global demand for both internal and external neuromodulation devices continues to rise, driven by the growing prevalence of neurological disorders and the shift toward more personalized, effective, and accessible treatments.
Global Neurostimulation Devices Market, Segmentation by Geography
In this report, the Global Neurostimulation Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Neurostimulation Devices Market Share (%), by Geographical Region, 2024
The global neurostimulation devices market is expected to witness significant growth across various regions between 2020 and 2030. In North America, the market is driven by the high prevalence of neurological disorders, advanced healthcare infrastructure, and substantial investments in research and development. The United States, in particular, dominates the market due to the presence of major market players and increasing adoption of advanced neurostimulation technologies. Government support through favorable reimbursement policies and increasing awareness about neurostimulation therapies further propel market growth in this region.
In Europe, the market is bolstered by the rising incidence of chronic pain and neurological diseases, coupled with a well-established healthcare system. Countries like Germany, France, and the UK are leading the way in the adoption of neurostimulation devices, supported by strong regulatory frameworks and significant healthcare expenditure. The European market also benefits from ongoing research and clinical trials aimed at expanding the applications of neurostimulation technologies. Collaborations between academic institutions and medical device manufacturers are fostering innovation and development in this sector. The Asia Pacific region is poised for rapid growth due to increasing healthcare investments, a growing elderly population, and rising awareness about neurostimulation therapies. Countries such as China, Japan, and India are experiencing significant market expansion, driven by improving healthcare infrastructure and increasing patient access to advanced medical technologies. The growing prevalence of neurological disorders in these countries, coupled with supportive government initiatives to enhance healthcare delivery, is expected to further accelerate market growth in the coming years.
In the Middle East and Africa, the market for neurostimulation devices is gradually developing, with increasing investments in healthcare infrastructure and rising awareness about neurological disorders. The market in this region is primarily driven by countries like Saudi Arabia, UAE, and South Africa, which are focusing on modernizing their healthcare systems and improving patient access to advanced treatments. In Latin America, the market is expected to grow steadily, supported by improving healthcare facilities and increasing prevalence of chronic pain and neurological conditions. Countries such as Brazil and Mexico are leading the market in this region, driven by government initiatives to enhance healthcare access and affordability.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Neurostimulation Devices Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity
Drivers
- Advancements in Neurostimulation Technology
- Growing Geriatric Population
-
Increasing Awareness and Acceptance- Increasing awareness and acceptance of neurostimulation devices are pivotal factors driving the growth of the global market. Over the past few years, there has been a significant shift in the perception of neurostimulation therapies, both among healthcare providers and patients. Medical professionals are now more informed about the benefits of these devices in managing chronic pain, epilepsy, Parkinson's disease, and other neurological conditions. This growing knowledge base has led to more frequent recommendations and prescriptions of neurostimulation devices as viable treatment options.
Patients, too, are becoming more aware of neurostimulation therapies through various channels, including educational campaigns, patient advocacy groups, and increased media coverage. As a result, there is a rising demand for these devices from individuals seeking effective alternatives to traditional pharmaceutical treatments, which often come with undesirable side effects or insufficient relief. The direct engagement of patients in their own treatment choices has further boosted the market, as informed patients are more likely to opt for advanced medical solutions.
The role of marketing and outreach by manufacturers of neurostimulation devices cannot be understated. Companies are increasingly investing in marketing strategies that highlight the efficacy, safety, and long-term benefits of their products. This includes providing detailed information through websites, social media, and patient testimonials, which help demystify the technology and address common concerns. By creating a more informed patient base, these efforts contribute significantly to the broader acceptance and adoption of neurostimulation therapies.
Supportive initiatives by healthcare institutions and professional bodies are also enhancing the visibility and acceptance of neurostimulation devices. Conferences, workshops, and continuous medical education programs are focusing on the latest advancements in neurostimulation, equipping healthcare providers with up-to-date knowledge and best practices. These educational initiatives ensure that medical professionals are well-prepared to discuss and recommend neurostimulation options, thus fostering a more favorable environment for the growth of the global neurostimulation devices market.
Restraints
- Risk of Complications and Side Effects
- Limited Reimbursement Policies
-
Lack of Skilled Professionals- The global neurostimulation devices market faces significant challenges due to the lack of skilled professionals. Neurostimulation procedures require specialized training and expertise to ensure proper device implantation and patient management. The shortage of adequately trained healthcare providers, including neurosurgeons, neurologists, and specialized nurses, limits the widespread adoption and effective use of these devices. This gap in expertise can lead to suboptimal outcomes for patients and deter healthcare facilities from investing in neurostimulation technologies.
Training healthcare professionals in neurostimulation techniques is both time-consuming and resource-intensive. Medical professionals must undergo extensive education and hands-on training to master the intricate procedures involved. The rapid advancements in neurostimulation technology necessitate continuous education to stay updated with the latest innovations and best practices. Many healthcare institutions struggle to provide sufficient training opportunities due to limited resources and competing priorities.
The scarcity of skilled professionals also affects patient access to neurostimulation therapies. In regions with a severe shortage of trained specialists, patients may have to travel long distances or endure extended wait times to receive treatment. This not only inconveniences patients but can also lead to the progression of neurological conditions while waiting for appropriate care. Consequently, the limited availability of skilled professionals hinders the potential market growth for neurostimulation devices, particularly in underserved areas.
Addressing this issue requires a multifaceted approach involving increased investment in medical education and training programs, as well as the development of partnerships between healthcare providers and neurostimulation device manufacturers. Expanding training programs and providing incentives for medical professionals to specialize in neurostimulation can help bridge the gap. Leveraging technology such as telemedicine and remote training can extend the reach of educational initiatives, ensuring that more professionals are equipped with the necessary skills to meet the growing demand for neurostimulation therapies.
Opportunities
- Expansion of Indications
- Strategic Collaborations and Partnerships
-
Increasing Investment in R&D- The global neurostimulation devices market is witnessing a substantial increase in investment in research and development (R&D). This surge in funding is largely driven by the need to address the rising prevalence of neurological disorders and the demand for more effective and safer treatment options. Companies and research institutions are channeling significant resources into exploring new technologies, improving existing devices, and discovering novel therapeutic applications for neurostimulation. This trend is expected to accelerate the pace of innovation, leading to the development of more sophisticated and efficient devices that can better meet the needs of patients with various neurological conditions.
One of the primary areas of focus in R&D is the enhancement of device functionality and efficacy. Researchers are working on advanced features such as closed-loop systems, which can automatically adjust stimulation parameters in real-time based on the patient’s physiological responses. This level of personalization and precision in treatment is anticipated to significantly improve patient outcomes and reduce side effects. The development of wireless and minimally invasive neurostimulation devices is a key objective, aiming to increase patient comfort and reduce the risks associated with surgical implantation.
Collaborative efforts between medical device companies, academic institutions, and healthcare providers are also playing a crucial role in advancing R&D in this field. These partnerships facilitate the sharing of knowledge, expertise, and resources, thereby accelerating the discovery and application of new technologies. For instance, joint research projects and clinical trials are helping to validate the effectiveness of emerging neurostimulation therapies and bring them to market more swiftly. Such collaborations are essential for overcoming the technical and regulatory challenges that often hinder the introduction of innovative medical devices.
Increased investment in R&D is paving the way for the expansion of neurostimulation applications beyond traditional areas such as pain management and epilepsy. Researchers are exploring the potential of neurostimulation to treat a wider range of conditions, including depression, tinnitus, and even cognitive disorders. This broadening of therapeutic indications is expected to significantly expand the market and provide new avenues for growth. Overall, the heightened focus on R&D is set to drive substantial advancements in the global neurostimulation devices market, ultimately leading to better patient care and improved quality of life for individuals with neurological disorders.
Competitive Landscape Analysis
Key players in Global Neurostimulation Devices Market include:
- Abbott
- Bayer Corporation
- Boston Scientific Corporation
- Cogentix Medical
- Cyberonics Inc
- Neuronetics
- NeuroPace Inc
- Nevro Corp
- Medtronic
- Synapse Biomedical Inc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Devices Type
- Market Snapshot, By Application
- Market Snapshot, By Type
- Market Snapshot, By Region
- Global Neurostimulation Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Advancements in Neurostimulation Technology
- Growing Geriatric Population
- Increasing Awareness and Acceptance
- Restraints
- Risk of Complications and Side Effects
- Limited Reimbursement Policies
- Lack of Skilled Professionals
- Opportunities
- Expansion of Indications
- Strategic Collaborations and Partnerships
- Increasing Investment in R&D
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Neurostimulation Devices Market, By Devices Type, 2021 - 2031 (USD Million)
- Implantable Devices
- Vagus Nerve Stimulators
- Spinal Cord Stimulators
- Deep Brain Stimulators
- Gastric Electric Stimulators
- Others
- External Devices
- Transcranial Magnetic Stimulation (TMS)
- Transcutaneous Electrical Nerve Stimulation (TENS)
- Others
- Implantable Devices
- Global Neurostimulation Devices Market, By Application, 2021 - 2031 (USD Million)
- Parkinson's Disease
- Epilepsy
- Depression
- Dystonia
- Pain Management
- Others Indications
- Global Neurostimulation Devices Market, By Type, 2021 - 2031 (USD Million)
-
Internal Neuromodulation
-
External Neuromodulation
-
- Global Neurostimulation Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Neurostimulation Devices Market, By Devices Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Abbott
- Bayer Corporation
- Boston Scientific Corporation
- Cogentix Medical
- Cyberonics Inc
- Neuronetics
- NeuroPace Inc
- Nevro Corp
- Medtronic
- Synapse Biomedical Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market