According to Markntel Advisors Report, Neuromodulation Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Neuromodulation is a medical term that refers to the application of stimuli with either thermal, electrical, or chemical signals to alter nerve activity. This methodology helps in improving several neurological disorders amongst patients with diseases like depression, migraine, etc. Several devices are used by healthcare professionals to supply these stimuli to patients' nerves to modulate their neural activity.

Neuromodulation Market Research Report & Summary:

The Global Neuromodulation Market size is estimated to grow at a CAGR of around 10.3% during the forecast period, i.e., 2024-30.                   

Time Period Captured in the Report:

·        Historical Years: 2019-2022

·        Base Years: 2023

·        Forecast Years: 2024-2030

Who are the Key Players Operating in the Neuromodulation Market?

The top companies of the Neuromodulation Market ruling the industry are: 

Medtronic Plc., Abbott Laboratories, Boston Scientific Corporation, NeuroSigma, Inc., Neuropace Inc., Softerix Medical Inc., Aleva Neurotherapeutics, Synapse Biomedical Inc., Theranica Bio-Electronics Ltd., Neuronetics, Axonics, Inc., Gimer Medical, Nalu Medical, Inc., Helius Medical Technologies, Inc., MicroTransponder Inc., among others

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What is included in Neuromodulation Market Segmentation?

The Neuromodulation Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Type
  • Internal Neuromodulation- Market Size & Forecast 2019-2030F, USD Million
    • Spinal Cord Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Deep Brain Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Vagus Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Sacral Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Gastric Electrical Stimulation- Market Size & Forecast 2019-2030F, USD Million
  • External Neuromodulation- Market Size & Forecast 2019-2030F, USD Million
    • Transcutaneous Electrical Nerve Stimulation (TENS)- Market Size & Forecast 2019-2030F, USD Million
    • Transcranial Magnetic Stimulation (TMS)- Market Size & Forecast 2019-2030F, USD Million
    • Respiratory Electrical Stimulation- Market Size & Forecast 2019-2030F, USD Million
• By Application
  • Neuromodulation for Spinal Cord Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Chronic Pain- Market Size & Forecast 2019-2030F, USD Million
    • Failed Back Surgery Syndrome (FBSS)- Market Size & Forecast 2019-2030F, USD Million
    • Ischemia- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Deep Brain Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Parkinson’s Disease- Market Size & Forecast 2019-2030F, USD Million
    • Tremors- Market Size & Forecast 2019-2030F, USD Million
    • Depression- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Sacral Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Urine Incontinence- Market Size & Forecast 2019-2030F, USD Million
    • Fecal Incontinence- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Vagus Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Epilepsy- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Gastric Electrical Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Gastroparesis- Market Size & Forecast 2019-2030F, USD Million
    • Obesity- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Transcutaneous Electrical Nerve Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Treatment-Resistant Depression- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Transcranial Magnetic Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Depression- Market Size & Forecast 2019-2030F, USD Million
    • Migraine- Market Size & Forecast 2019-2030F, USD Million
  • Neuromodulation for Respiratory Electrical Stimulation- Market Size & Forecast 2019-2030F, USD Million
    • Spinal Cord Injury- Market Size & Forecast 2019-2030F, USD Million
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia Pacific

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Neuromodulation Market Driver:

Increasing Instances of Depression to Drive Market Growth- Globally, there has been a substantial increment in the instances of depression. Initially, with the start of the pandemic situation, and lockdown conditions, the social gatherings of individuals were largely reduced. Hence, they have experienced an increment in social anxiety and depression cases. Also, the global healthcare infrastructure is not advanced enough to cater to the rising demand for mental illnesses. Hence, this has further amplified the instances of these disorders. Consequently, the demand for neuromodulation techniques has increased, as the burden of depression escalated largely in recent years.

Also, these disorders are anticipated to increase further in the coming years, mainly influenced by the changing lifestyles and growing working population across the globe, with desk jobs. Hence, this would further amplify the demand for neuromodulation solutions among healthcare professionals and would drive the growth of the Global Neuromodulation market in the future.

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