North American Neuromodulation Market Trends, Size, Segment and Growth by Forecast to 2030

Market Overview and Dynamics

The North America neuromodulation market is projected to grow from US$ 3,029.72 million in 2019 to US$ 6,612.00 million by 2027, at a compound annual growth rate (CAGR) of 10.6% from 2020 to 2027. This growth is driven by the rising prevalence of neurological disorders and ongoing advancements in neuromodulation technologies. However, the high cost of neuromodulation devices remains a significant barrier, potentially limiting market expansion in the region.

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North American Neuromodulation: Strategic Insights

Strategic insights into the North American neuromodulation market deliver data-driven analysis of the industry’s evolving landscape, highlighting current trends, leading players, and regional dynamics. These insights provide actionable recommendations that empower stakeholders to uncover untapped market segments, craft differentiated value propositions, and stay ahead of competitors.

By harnessing advanced data analytics, these insights enable investors, manufacturers, and other stakeholders to anticipate market shifts and make proactive, informed decisions. A forward-looking approach is essential for navigating this fast-paced, innovation-driven sector and positioning for sustainable success.

Ultimately, these strategic insights serve as a catalyst for profitability and growth, guiding stakeholders toward achieving their business goals in the North American neuromodulation market.

North American Neuromodulation Report Scope

Market Size (2019) US$ 3,029.72 Million

 

Market Size (2027) US$ 6,612.00 Million

 

CAGR (2020–2027) 10.6%

 

Historical Data 2017–2018

 

Forecast Period 2020–2027

 

Segments Covered Technology, Application, End User

 

Technologies External & Internal Neuromodulation

 

Applications Pain, Epilepsy, Parkinson’s, OCD, etc.

 

End Users Hospitals, Clinics, Home Healthcare

 

Regions Covered North America (US, Canada, Mexico)

 

Key Companies Abbott, Medtronic, Boston Scientific, etc.

North American Neuromodulation Regional Insights

The geographic scope of the North American Neuromodulation refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Key Market Segments

Based on technology, the North America neuromodulationmarket is segmented into external (non-invasive) neuromodulation and internal neuromodulation. In 2019, the internal neuromodulationsegment held a larger share of the market. External (non-invasive) neuromodulationis expected to grow at a faster rate during the forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred towhile preparing the North Americaneuromodulationmarketreport are World Health Organization, Ministry of Health and Prevention, and Ministry of Health and Family Welfare.

Abbott, Boston Scientific Corporation, Medtronic, NeuroPace, Inc., NeuroSigma, Inc., NEVRO CORP, Synapse Biomedical Inc., Soterix Medical Inc, Integer Holdings Corporation, and Magstim.

Reasons to buy the report

  • To understand the North America neuromodulationmarketlandscape and identifymarket segments that are most likely to guarantee a strong return
  • To stay ahead incomprehending the ever-changing competitive landscape of theNorth Americaneuromodulationmarket
  • To efficiently plan M&A and partnership dealsin the North Americaneuromodulationmarketby identifying market segments with the most promising probable sales
  • To help takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segmentsinthe North Americaneuromodulationmarket
  • To obtain market revenue forecast from 2019 to 2027 in various segmentsofthe North Americaneuromodulationmarket

NORTH AMRICA NEUROMODULATION MARKETSEGMENTATION

Category Subcategories
By Technology External (Non-Invasive):
• Respiratory Electrical Stimulation
• Transcutaneous Electrical Nerve Stimulation
• Transcranial Magnetic Stimulation

Internal:
• Deep Brain Stimulation
• Sacral Nerve Stimulation
• Gastric Electrical Stimulation
• Spinal Cord Stimulation
• Vagus Nerve Stimulation

By Application • Chronic Pain Management
• Failed Back Syndrome
• Epilepsy
• Tremor
• Incontinence
• Depression
• Dystonia
• Gastroparesis
• Parkinson’s Disease
• Obsessive-Compulsive Disorder
• Migraine
By End User • Hospitals
• Clinics
• Home Healthcare
By Country • US
• Canada
• Mexico
Company Profiles Abbott
Boston Scientific Corporation
Medtronic
NeuroPace, Inc.
NeuroSigma, Inc.
NEVRO CORP.
Synapse Biomedical Inc.
Soterix Medical Inc
Integer Holdings Corporation
Magstim

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights

Akshay patil
Author: Akshay patil