Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Neuromodulation Devices Market to reach USD 6.02 billion by 2028.

Global Neuromodulation Devices Market Size study, by Product (Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators, Transcranial Magnetic Stimulators, Others), by Technology (Internal, External) by Application (Parkinson’s Disease, Chronic Pain, Migraine, Epilepsy, Tremor, Depression, Urinary & Faecal Incontinence, Others) by Biomaterial (Polymeric Biomaterial, Metallic Biomaterial, Ceramic Biomaterial) by End-use (Hospitals & Ambulatory Surgery Centers (ASC), Clinics & Physiotherapy Centers, Others) and Regional Forecasts 2022-2028

Product Code: HLSMDE-67721441
Publish Date: 14-08-2022
Page: 200

Global Neuromodulation Devices Market is valued approximately USD 3.19 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2022-2028. Parkinson’s disease, cerebrovascular illnesses, Alzheimer’s disease, stroke, and tremors are all neurological disorders that impact the body’s peripheral nervous system and central nervous system, and neuromodulation treatment is an effective technique to control these diseases. Neuromodulation is a minimally invasive or non-invasive therapy used to treat patients with neurological problems, and neuromodulation devices are implanted medical devices that employ electrical stimulation to change a specific neuron. According to the American Academy of Neurology, almost 1 million people in the United States are affected with Parkinson’s disease, with 60,000 new cases diagnosed each year. Furthermore, according to the Hearing Health Foundation in 2020, 48 million individuals in the United States and 477 million globally have deafness and tinnitus. Also, according to the World Health Organization factsheet, almost 50 million people worldwide suffer with epilepsy, with around 2.4 million instances diagnosed each year. As a result of the rising prevalence of neurological illnesses, demand for neuromodulation devices is likely to rise throughout the forecast period. However, the negative consequences of implantation of a neuromodulation device into the body, such as allergic response and prickling and tingling of the skin, hinder market expansion during the projection period of 2022-2028.

The key regions considered for the Global Neuromodulation Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America has the market’s highest revenue share. The growing number of patients suffering from neurological disorders, which increases the demand for neuromodulation devices, increased competition among market players, and significant investment in research and development to produce novel therapeutic solutions are all contributing to market growth in North America. Asia Pacific is predicted to grow at the quickest rate throughout the projection period because of the increased prevalence of neurological illnesses, quickly developing healthcare infrastructure, growing government support, and an increasing number of startups in this area,

Major market player included in this report are:
Boston Scientific Corporation
Synapse Biomedical, Inc.
BioControl Medical
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Spinal Cord Stimulators
Deep Brain Stimulators
Sacral Nerve Stimulators
Vagus Nerve Stimulators
Transcranial Magnetic Stimulators

By Technology;

By Application:
Parkinson’s Disease
Chronic Pain
Urinary & Faecal Incontinence

By Biomaterial:
Polymeric Biomaterial
Metallic Biomaterial
Ceramic Biomaterial

By End-use:
Hospitals & Ambulatory Surgery Centers (ASC)
Clinics & Physiotherapy Centers

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Neuromodulation Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Neuromodulation Devices Market, by Region, 2020-2028 (USD Billion)
1.2.2. Neuromodulation Devices Market, by Product, 2020-2028 (USD Billion)
1.2.3. Neuromodulation Devices Market, by Technology, 2020-2028 (USD Billion)
1.2.4. Neuromodulation Devices Market, by Application, 2020-2028 (USD Billion)
1.2.5. Neuromodulation Devices Market, by Biomaterial, 2020-2028 (USD Billion)
1.2.6. Neuromodulation Devices Market, by End-Use, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Neuromodulation Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Neuromodulation Devices Market Dynamics
3.1. Neuromodulation Devices Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing cases of Neurological Diseases. Increasing Research and Development in Devices
3.1.2. Market Challenges Negative effects such as anaphylactic reaction and prickling and tingling of the skin
3.1.3. Market Opportunities Demand for Minimally Invasive Surgeries
Chapter 4. Global Neuromodulation Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Neuromodulation Devices Market, by Product
6.1. Market Snapshot
6.2. Global Neuromodulation Devices Market by Product, Performance – Potential Analysis
6.3. Global Neuromodulation Devices Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. Neuromodulation Devices Market, Sub Segment Analysis
6.4.1. Spinal Cord Stimulators
6.4.2. Deep Brain Stimulators
6.4.3. Sacral Nerve Stimulators
6.4.4. Vagus Nerve Stimulators
6.4.5. Transcranial Magnetic Stimulators
6.4.6. Others
Chapter 7. Global Neuromodulation Devices Market, by Technology
7.1. Market Snapshot
7.2. Global Neuromodulation Devices Market by Technology, Performance – Potential Analysis
7.3. Global Neuromodulation Devices Market Estimates & Forecasts by Technology 2018-2028 (USD Billion)
7.4. Neuromodulation Devices Market, Sub Segment Analysis
7.4.1. Internal
7.4.2. External
Chapter 8. Global Neuromodulation Devices Market, by Application
8.1. Market Snapshot
8.2. Global Neuromodulation Devices Market by Application, Performance – Potential Analysis
8.3. Global Neuromodulation Devices Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
8.4. Neuromodulation Devices Market, Sub Segment Analysis
8.4.1. Parkinson’s Disease
8.4.2. Chronic Pain
8.4.3. Migraine
8.4.4. Epilepsy
8.4.5. Tremor
8.4.6. Depression
8.4.7. Urinary & Faecal Incontinence
8.4.8. Others
Chapter 9. Global Neuromodulation Devices Market, by Biomaterial
9.1. Market Snapshot
9.2. Global Neuromodulation Devices Market by Biomaterial, Performance – Potential Analysis
9.3. Global Neuromodulation Devices Market Estimates & Forecasts by Biomaterial 2018-2028 (USD Billion)
9.4. Neuromodulation Devices Market, Sub Segment Analysis
9.4.1. Polymeric Biomaterial
9.4.2. Metallic Biomaterial
9.4.3. Ceramic Biomaterial
Chapter 10. Global Neuromodulation Devices Market, by End-user
10.1. Market Snapshot
10.2. Global Neuromodulation Devices Market by End-user, Performance – Potential Analysis
10.3. Global Neuromodulation Devices Market Estimates & Forecasts by End-user 2018-2028 (USD Billion)
10.4. Neuromodulation Devices Market, Sub Segment Analysis
10.4.1. Hospitals & Ambulatory Surgery Centers (ASC)
10.4.2. Clinics & Physiotherapy Centers
10.4.3. Others
Chapter 11. Global Neuromodulation Devices Market, Regional Analysis
11.1. Neuromodulation Devices Market, Regional Market Snapshot
11.2. North America Neuromodulation Devices Market
11.2.1. U.S. Neuromodulation Devices Market Product breakdown estimates & forecasts, 2018-2028 Technology breakdown estimates & forecasts, 2018-2028 Application breakdown estimates & forecasts, 2018-2028 Biomaterial breakdown estimates & forecasts, 2018-2028 End user breakdown estimates & forecasts, 2018-2028
11.2.2. Canada Neuromodulation Devices Market
11.3. Europe Neuromodulation Devices Market Snapshot
11.3.1. U.K. Neuromodulation Devices Market
11.3.2. Germany Neuromodulation Devices Market
11.3.3. France Neuromodulation Devices Market
11.3.4. Spain Neuromodulation Devices Market
11.3.5. Italy Neuromodulation Devices Market
11.3.6. Rest of Europe Neuromodulation Devices Market
11.4. Asia-Pacific Neuromodulation Devices Market Snapshot
11.4.1. China Neuromodulation Devices Market
11.4.2. India Neuromodulation Devices Market
11.4.3. Japan Neuromodulation Devices Market
11.4.4. Australia Neuromodulation Devices Market
11.4.5. South Korea Neuromodulation Devices Market
11.4.6. Rest of Asia Pacific Neuromodulation Devices Market
11.5. Latin America Neuromodulation Devices Market Snapshot
11.5.1. Brazil Neuromodulation Devices Market
11.5.2. Mexico Neuromodulation Devices Market
11.6. Rest of The World Neuromodulation Devices Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Boston Scientific Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.2. Abbott
12.2.3. NEVRO CORP.
12.2.4. Neuronetics
12.2.5. Medtronic
12.2.6. LivaNova
12.2.7. Synapse Biomedical, Inc.
12.2.8. NeuroSigma
12.2.9. NeuroPace
12.2.10. BioControl Medical
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now