Russia Neurostimulation Devices Market Size & Outlook
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Russia neurostimulation devices market highlights
- The Russia neurostimulation devices market generated a revenue of USD 114.5 million in 2023 and is expected to reach USD 255.2 million by 2030.
- The Russia market is expected to grow at a CAGR of 12.1% 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 114.5 million |
| Market revenue in 2030 | USD 255.2 million |
| Growth rate | 12.1% (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, Russia accounted for 1.8% 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 Europe, Germany neurostimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 525.9 million by 2030.
Spinal cord stimulator was the largest segment with a revenue share of 53.28% in 2023. Horizon Databook has segmented the Russia 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.
Rising number of people suffering obesity and increasing geriatric population is expected to fuel market growth in Russia. Growing prevalence of obesity in adult population aged 25–65 years is boosting the demand for neurostimulation devices in the country.
According to WHO estimates, about 60% of the Russian population is overweight, and nearly 20% is suffering from obesity, owing to factors such as high consumption of junk food and increasing adoption of sedentary lifestyles. Thus, the abovementioned factors are likely to contribute to market growth in Russia during the forecast period.
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Neurostimulation Devices Market Scope
Neurostimulation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| St. Jude Medical | View profile | 10001+ | Saint Paul, Minnesota, United States, North America | http://www.sjm.com |
| Nevro Corp | View profile | 1215 | 1800 Bridge Parkway, Redwood City, CA, United States, 94065 | https://www.nevro.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Russia neurostimulation devices market size, by product, 2018-2030 (US$M)
Russia Neurostimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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