U.S. Neurostimulation Devices Market Size & Outlook
U.S. neurostimulation devices market, 2018-2030 (US$M)
Related Markets
U.S. neurostimulation devices market highlights
- The U.S. neurostimulation devices market generated a revenue of USD 3,228.0 million in 2023 and is expected to reach USD 6,960.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 11.6% 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 3,228.0 million |
| Market revenue in 2030 | USD 6,960.4 million |
| Growth rate | 11.6% (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, U.S. accounted for 50.8% 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 North America, U.S. neurostimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,372.9 million by 2030.
Spinal cord stimulator was the largest segment with a revenue share of 51.94% in 2023. Horizon Databook has segmented the U.S. 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.
The MEA accounted for a market share of around 2.18% in 2018. Regional disease burden, increasing privatization, and expanding health insurance penetration have led to positive conditions for neurostimulation market in the Middle Eastern countries.
Prevalence of obesity, migraine, and depression has increased in the past few years in the Middle Eastern countries due to change in lifestyle and consumption of alcohol leading to the growth of neurostimulation market.
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Neurostimulation Devices Market Scope
Neurostimulation Devices Market Companies
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U.S. neurostimulation devices market size, by product, 2018-2030 (US$M)
U.S. Neurostimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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