Spain Neurostimulation Devices Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$126.2

Forecast, 2030 (US$M)

$287.4

CAGR, 2024 - 2030

12.5%

Report Coverage

Spain

Spain neurostimulation devices market, 2018-2030 (US$M)

Related Markets

Global Neurostimulation Devices Industry Outlook

North America Neurostimulation Devices Market Outlook

U.S. Neurostimulation Devices Market Outlook

Canada Neurostimulation Devices Market Outlook

Europe Neurostimulation Devices Market Outlook

Germany Neurostimulation Devices Market Outlook

France Neurostimulation Devices Market Outlook

Italy Neurostimulation Devices Market Outlook

Russia Neurostimulation Devices Market Outlook

UK Neurostimulation Devices Market Outlook

Asia Pacific Neurostimulation Devices Market Outlook

Japan Neurostimulation Devices Market Outlook

China Neurostimulation Devices Market Outlook

India Neurostimulation Devices Market Outlook

Australia Neurostimulation Devices Market Outlook

South Korea Neurostimulation Devices Market Outlook

Singapore Neurostimulation Devices Market Outlook

Latin America Neurostimulation Devices Market Outlook

Mexico Neurostimulation Devices Market Outlook

Argentina Neurostimulation Devices Market Outlook

Brazil Neurostimulation Devices Market Outlook

MEA Neurostimulation Devices Market Outlook

South Africa Neurostimulation Devices Market Outlook

Saudi Arabia Neurostimulation Devices Market Outlook

UAE Neurostimulation Devices Market Outlook

Spain neurostimulation devices market highlights

The Spain neurostimulation devices market generated a revenue of USD 126.2 million in 2023 and is expected to reach USD 287.4 million by 2030.
The Spain market is expected to grow at a CAGR of 12.5% 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 126.2 million
Market revenue in 2030	USD 287.4 million
Growth rate	12.5% (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, Spain accounted for 2.0% 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 51.82% in 2023. Horizon Databook has segmented the Spain 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.

Increasing incidence of chronic disorders, such as epilepsy and migraine, is primarily driving market growth in Spain. Epilepsy is one of the most common neurological disorders in the country. In line with this, epilepsy affects approximately 345,000 people in Spain, of which 29,000 are children.

Currently, the number of patients suffering from chronic diseases in the country is increasing owing to the rising life expectancy rates and growing adoption of sedentary lifestyle. Thus, the abovementioned factors are likely to drive the growth of the market for neurostimulation devices during the forecast period.

Key Regions: U.S. , UK , Japan , Brazil , UAE