North America Neurostimulation Devices Market Size & Outlook
North America neurostimulation devices market, 2018-2030 (US$M)
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North America neurostimulation devices market highlights
- The North America neurostimulation devices market generated a revenue of USD 3,781.5 million in 2023.
- The market is expected to grow at a CAGR of 11.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,781.5 million |
| Market revenue in 2030 | USD 8,333.3 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Spinal cord stimulator |
| Fastest growing segment | Sacral Nerve Stimulator |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 59.5% of the global neurostimulation devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,721.4 million by 2030.
Spinal cord stimulator was the largest segment with a revenue share of 51.78% in 2023. Horizon Databook has segmented the North America 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.
North America dominated the neurostimulation devices market with largest revenue share in 2018 owing to increase in prevalence of depression & epilepsy and rise in demand for minimally invasive procedures. Technological advancements are also key factors contributing to the growth of neurostimulation market in North America. Therefore, North America is expected to dominate the overall regional market over the forecast period.
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Neurostimulation Devices Market Scope
Neurostimulation Devices Market Companies
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North America neurostimulation devices market size, by country, 2018-2030 (US$M)
North America Neurostimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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