U.S. markets closed
  • S&P 500

    +26.83 (+0.59%)
  • Dow 30

    +294.61 (+0.82%)
  • Nasdaq

    +78.81 (+0.55%)
  • Russell 2000

    +53.62 (+2.96%)
  • Crude Oil

    -1.58 (-2.08%)
  • Gold

    +34.50 (+1.68%)
  • Silver

    +0.24 (+0.92%)

    -0.0008 (-0.08%)
  • 10-Yr Bond

    -0.1260 (-2.90%)

    +0.0086 (+0.68%)

    -1.4040 (-0.95%)
  • Bitcoin USD

    +937.56 (+2.48%)
  • CMC Crypto 200

    +11.20 (+1.41%)
  • FTSE 100

    +75.60 (+1.01%)
  • Nikkei 225

    -55.38 (-0.17%)

Neurostimulation Devices Market to Reach USD 18.12 Billion by 2032; Growing Investment in Advanced Medical Devices

The Brainy Insights
The Brainy Insights

The neurostimulation devices market size is anticipated to grow from USD 5.78 Billion in 2022 to USD 18.12 Billion in 10 years. The market should witness a moderate growth rate owing to the increasing advancements in the neurostimulation devices market. Many patients are now utilizing neurostimulation devices services for the treatment of chronic diseases. Top companies listed in this report are Cyberonics, Medtronic, Boston Scientific Corp., Nevro Corp., St. Jude Medical, Inc., Neutronics Inc., Aleva Therapeutics SA, NeuroSigma, Inc., ElectroCore Inc., Synapse Biomedical Inc., EndoStim Inc.& others.

Newark, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the neurostimulation devices market will grow from USD 5.78 Billion in 2022 to USD 18.12 Billion by 2032. The neurostimulation devices market is expanding due to the rising prevalence of chronic and infectious diseases, rising investments in the healthcare industry and supporting government initiatives.

Request to Download Sample Research Report –

Report Coverage Details

Report Coverage


Forecast Period


Base Year


Market Size in 2022

USD 5.78 Billion

Market Size in 2032

USD 18.12 Billion



No. of Pages in Report


Segments Covered

Product Type, Application and End-users


Increasing use of neurostimulation devices


Increasing prevalence of Parkinson’s disease


High cost

Key Insight of the Neurostimulation devices Market

North America region to account for the largest market size during the forecast period.

North America will have the most major neurostimulation devices market share during the forecast period. The factors supporting the growth of the regional neurostimulation devices market include the growth of healthcare industries in countries such as the U.S., Canada and Mexico. Many regional players are investing in the development of neurostimulation devices which can be used to provide relief pain to patients suffering from neurological diseases.

The sacral nerve stimulator segment is expected to augment the market during the forecast period.

The product type segment is divided into deep brain stimulator, sacral nerve stimulator, gastric electric stimulator, spinal cord stimulator, vagus nerve stimulator and transcutaneous electric nerve stimulator. The sacral nerve stimulator segment is expected to augment the market during the forecast period. A tiny transmitter called a sacral nerve stimulator is inserted under the skin in the upper buttock region.

The epilepsy segment is expected to grow at the highest CAGR during the forecast period.

The application segment is divided into Parkinson’s disease, epilepsy, depression, pain management, essential tremor, dystonia, urinary and fecal incontinence, gastroparesis and others. The epilepsy segment is expected to augment the market during the forecast period. Around 50 million people worldwide suffer from epilepsy, a chronic noncommunicable brain condition. Epilepsy is responsible for recurrent and unannounced seizures and hence treatment is necessary in such condition.

The rehabilitation centres segment is expected to augment the market during the forecast period.

The end-users segment is divided into hospitals, clinics and rehabilitation centres. The rehabilitation centres segment is expected to augment the market during the forecast period. Along with disease prevention, palliative care, treatment, and the promotion of good health, rehabilitation centres provide all kinds of support to the patients dealing with chronic conditions.

Interested to Procure the Research Report? Inquire Before Buying -

Market Dynamics

Driver: Increasing prevalence of neurological diseases

There is a rising significant burden on societies and their healthcare systems as the number of persons with NCDs rises. The scale of the global, regional, and national disease-specific burdens may be grasped more fully than ever before with the use of new visualisations and enhanced data gathering. In Asia, neurological illnesses are the second-largest cause of deaths and the top cause of disability-adjusted life years as of 2019. As the population ages and grows especially in Asia, this burden is anticipated to rise. Regionally and nationally, urgent action is required in the areas of prevention, treatment, rehabilitation, and support services for common neurologic illnesses. Thus, the demand for neurostimulation devices is increasing rapidly.

Restraint: Lack of effectiveness

Efficacy is an issue with most of the neurostimulation devices. While some patients benefit greatly from neurostimulators, others might not even feel any pain reduction. The neurostimulation devices have the potential for infection and other unfavourable side effects which can limit the effectiveness of the treatment.

Opportunity: Growing preference for minimally invasive surgeries

Minimally invasive surgery was first introduced for the treatment of patients suffering from neurological disorder more than two decades ago. Doctors utilise a number of procedures in minimally invasive surgery to avoid surgery related complications. Minimally invasive surgery is linked to less discomfort, a shorter stay in the hospital, and fewer problems. Minimally invasive surgery continues to improve, making it more advantageous for people with a wide range of ailments. Advances in surgery have centred on reducing the invasiveness of surgical procedures to the point that some treatments have undergone a dramatic paradigm shift in which doctors no longer physically touch or see the structures on which they operate.

Challenges: Stringent regulations

Several regulatory restrictions are implied on the product approval for neurostimulation devices. The manufacturers should adhere to the regulations provided by the FDA authorities and local agencies to launch their products in the commercial market. These regulations increase the barriers to entry for manufacturers.

Procure Complete Research Report -

Some of the major players operating in the neurostimulation devices market are:

• Cyberonics
• Medtronic
• Boston Scientific Corp.
• Nevro Corp.
• St. Jude Medical, Inc.
• Neutronics Inc.
• Aleva Therapeutics SA
• NeuroSigma, Inc.
• ElectroCore Inc.
• Synapse Biomedical Inc.
• EndoStim Inc.

Key Segments Cover in the Market:

By Product Type:

• Deep Brain Stimulator
• Sacral Nerve Stimulator
• Gastric Electric Stimulator
• Spinal Cord Stimulator
• Vagus Nerve Stimulator
• Transcutaneous Electric Nerve Stimulator

By Application:

• Parkinson’s Disease
• Epilepsy
• Depression
• Pain Management
• Essential Tremor
• Dystonia
• Urinary and Fecal Incontinence
• Gastroparesis
• Others

By End-users:

• Hospitals
• Clinics
• Rehabilitation Centres

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Have Any Query? Ask Our Experts:

About the report:

The market is analyzed based on value (USD Billion). All the segments have been analyzed on a global, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements whether they are looking to expand or planning to launch a new product in the global market.

Contact Us

Avinash D
Head of Business Development
Phone: +1-315-215-1633