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

By Product;

Implantable - Deep Brain Stimulators, Sacral Nerve Stimulator, Spinal Cord Stimulators, Vagus Nerve Stimulators and Others, Non-implantable - Transcranial Magnetic Stimulation (TMS), and Transcutaneous Electrical Nerve stimulation (TENS).

By Application;

Pain Management, Hearing Loss, Urinary Incontinence, Parkinson's disease, Epilepsy, and Others.

By End User;

Hospitals, Ambulatory Surgical Centers, and Specialty Clinics.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn303164834 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Neurostimulation Market (USD Million), 2021 - 2031

In the year 2024, the Global Neurostimulation Market was valued at USD 791.29 million. The size of this market is expected to increase to USD 1,833.67 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.8%.

The neurostimulation device market is propelled by several factors, including demographic shifts such as an aging population, the introduction of cutting-edge products, growing demand for adjunctive therapy, and the escalating incidence of chronic conditions like migraine and epilepsy. Additionally, there's a notable increase in unmet medical needs within these disease segments. Lifestyle-related diseases and neurological disorders, coupled with external funding for research and development, further stimulate market expansion. According to the American Academy of Neurology, stroke ranks as the third-leading cause of death in the United States, while Alzheimer's holds the sixth position. Furthermore, Parkinson's disease impacts nearly one million Americans, with around 60,000 new cases emerging annually. With the prevalence of neurological ailments on the rise, there's a corresponding surge in demand for neurostimulation devices.

Manufacturers are intensifying their investments in research and development to innovate advanced products like implantable neurostimulation devices, poised to fuel market growth. Moreover, the minimally invasive nature of neurostimulation device implantation, resulting in shorter hospital stays and quicker recovery times, is anticipated to unlock fresh growth prospects within the 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 Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Neurostimulation Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Government support
        2. Growing geriatric population
        3. Reimbursement availability
      2. Restraints
        1. High cost of devices and procedures
        2. Limited awareness
        3. Potential side effects
      3. Opportunities
        1. Development of non-invasive and home-based neurostimulation devices
        2. Expansion into new applications
        3. Focus on personalized medicine
    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 Market, By Product, 2021 - 2031 (USD Million)
      1. Implantable
        1. Deep Brain Stimulators
        2. Sacral Nerve Stimulator
        3. Spinal Cord Stimulators
        4. Vagus Nerve Stimulators
        5. Others
      2. Non-implantable
        1. Transcutaneous Electrical Nerve stimulation (TENS)
        2. Transcranial Magnetic Stimulation (TMS)
    2. Global Neurostimulation Market, By Application, 2021 - 2031 (USD Million)
      1. Pain Management
      2. Hearing Loss
      3. Urinary Incontinence
      4. Parkinson's disease
      5. Epilepsy
      6. Others
    3. Global Neurostimulation Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Specialty Clinics
    4. Global Neurostimulation 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. Cyberonics Inc
      3. St. Jude Medical Inc
      4. NeuroPace Inc
      5. Medtronic Inc
      6. NeuroSigma, Inc
  7. Analyst Views
  8. Future Outlook of the Market