Global Vagus Nerve Stimulation Market Size & Outlook
The vagus nerve stimulation industry worldwide is expected to reach a projected revenue of US$ 970.6 million by 2030. A compound annual growth rate of 10.6% is expected of the worldwide vagus nerve stimulation industry from 2024 to 2030.
Revenue, 2023 (US$M)
$479.1
Forecast, 2030 (US$M)
$970.6
CAGR, 2024 - 2030
10.6%
Report Coverage
Worldwide
Global vagus nerve stimulation market, 2018-2030 (US$M)
Related Markets
Global vagus nerve stimulation market highlights
- The global vagus nerve stimulation market generated a revenue of USD 479.1 million in 2023 and is expected to reach USD 970.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.6% by 2030.
- In terms of segment, implantable vns device accounted for a revenue of USD 282.2 million in 2023.
- External VNS Device is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Denmark is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 479.1 million |
| Market revenue in 2030 | USD 970.6 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Implantable vns device |
| Fastest growing segment | External VNS Device |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable VNS Device, External VNS Device |
Other key industry trends
- In terms of revenue, the North America accounted for 59.5% of the global vagus nerve stimulation market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Denmark is the fastest growing regional market and is projected to reach USD 5.9 million by 2030.
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Vagus Nerve Stimulation Market Scope
Vagus nerve stimulation market segmentation & scope
Vagus Nerve Stimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global vagus nerve stimulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vagus nerve stimulation market will help companies and investors design strategic landscapes.
implantable vns device was the largest segment with a revenue share of 58.9% in 2023. Horizon Databook has segmented the Global vagus nerve stimulation market based on implantable vns device, external vns device covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Vagus Nerve Stimulation Product Outlook (Revenue, USD Million, 2018-2030)
- Implantable VNS Device
- External VNS Device
- Global Vagus Nerve Stimulation Application Outlook (Revenue, USD Million, 2018-2030)
- Epilepsy
- Depression
- Migraine
- Global Vagus Nerve Stimulation Biomaterials Outlook (Revenue, USD Million, 2018-2030)
- Polymeric Biomaterial
- Metallic Biomaterial
- Ceramic Biomaterial
- Global Vagus Nerve Stimulation End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Neurology Clinics
- Ambulatory Surgical Centers
- Research Centers
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Horizon Databook provides a detailed overview of global-level data and insights on the Global vagus nerve stimulation market , including forecasts for subscribers. This global databook contains high-level insights into Global vagus nerve stimulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global vagus nerve stimulation market outlook statistics, by region, 2018-2030 (US$M)
Top 10 countries: Vagus nerve stimulation market size, 2023 (USD Million)
Top 10 countries: Vagus nerve stimulation market size, 2023 (USD Million)
Global vagus nerve stimulation market, by region, 2023 (US$M)
Related regional statistics
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