China Neurostimulation Devices Market Size & Outlook
China neurostimulation devices market, 2018-2030 (US$M)
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China neurostimulation devices market highlights
- The China neurostimulation devices market generated a revenue of USD 172.2 million in 2023 and is expected to reach USD 482.1 million by 2030.
- The China market is expected to grow at a CAGR of 15.8% from 2024 to 2030.
- In terms of segment, spinal cord stimulator was the largest revenue generating product in 2023.
- Sacral Nerve Stimulator is the most lucrative product segment registering the fastest growth during the forecast period.
Neurostimulation devices market data book summary
| Market revenue in 2023 | USD 172.2 million |
| Market revenue in 2030 | USD 482.1 million |
| Growth rate | 15.8% (CAGR from 2023 to 2030) |
| Largest segment | Spinal cord stimulator |
| Fastest growing segment | Sacral Nerve Stimulator |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Cord Stimulator, Deep Brain Stimulator, Sacral Nerve Stimulator, Vagus Nerve Stimulator, Gastric Electric Stimulator |
| Key market players worldwide | Medtronic PLC, LivaNova PLC, Boston Scientific Corp, St. Jude Medical, Nevro Corp |
Other key industry trends
- In terms of revenue, China accounted for 2.7% of the global neurostimulation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China neurostimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 482.1 million by 2030.
Spinal cord stimulator was the largest segment with a revenue share of 50.46% in 2023. Horizon Databook has segmented the China neurostimulation devices market based on spinal cord stimulator, deep brain stimulator, sacral nerve stimulator, vagus nerve stimulator, gastric electric stimulator covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as increasing prevalence of lifestyle diseases such as obesity & depression, chronic diseases such as migraine & epilepsy, and technological advancements are expected to drive the market. For instance, according to WHO, in 2017, 54 million people in China are diagnosed with depression. Obesity is one of the major risk factors for chronic diseases. According to WHO, in 2016, 14.9% of women and 10.8% of men in China were obese.
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Neurostimulation Devices Market Scope
Neurostimulation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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China neurostimulation devices market size, by product, 2018-2030 (US$M)
China Neurostimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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