MarkNtel Advisors recently published a detailed industry analysis of the Neuromodulation Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the Neuromodulation Market (2024-2030)

The Global Neuromodulation Market size is estimated to grow at a CAGR of around 10.3% during the forecast period, i.e., 2024-30. 

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What is driving the Neuromodulation Market?

Increasing Instances of Depression to Drive Market Growth- Globally, there has been a substantial increment in the instances of depression. Initially, with the start of the pandemic situation, and lockdown conditions, the social gatherings of individuals were largely reduced. Hence, they have experienced an increment in social anxiety and depression cases. Also, the global healthcare infrastructure is not advanced enough to cater to the rising demand for mental illnesses. Hence, this has further amplified the instances of these disorders. Consequently, the demand for neuromodulation techniques has increased, as the burden of depression escalated largely in recent years.

Also, these disorders are anticipated to increase further in the coming years, mainly influenced by the changing lifestyles and growing working population across the globe, with desk jobs. Hence, this would further amplify the demand for neuromodulation solutions among healthcare professionals and would drive the growth of the Global Neuromodulation market in the future.

What segments define the Neuromodulation Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Type

(Internal Neuromodulation, (Spinal Cord Stimulation, Deep Brain Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Gastric Electrical Stimulation), External Neuromodulation, (Transcutaneous Electrical Nerve Stimulation (TENS), Transcranial Magnetic Stimulation (TMS), Respiratory Electrical Stimulation)),

By Application

(Neuromodulation for Spinal Cord Stimulation, (Chronic Pain, Failed Back Surgery Syndrome (FBSS), Ischemia), Neuromodulation for Deep Brain Stimulation, (Parkinson’s Disease, Tremors, Depression, Others), Neuromodulation for Sacral Nerve Stimulation, (Urine Incontinence, Fecal Incontinence), Neuromodulation for Vagus Nerve Stimulation, (Epilepsy, Others), Neuromodulation for Gastric Electrical Stimulation, (Gastroparesis, Obesity), Neuromodulation for Transcutaneous Electrical Nerve Stimulation (Treatment-Resistant Depression, Others), Neuromodulation for Transcranial Magnetic Stimulation, (Depression, Migraine), Neuromodulation for Respiratory Electrical Stimulation, (Spinal Cord Injury))

By Regions

North America, South America, Europe, Asia-Pacific, Middle East & Africa

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Who are the leading key players shaping the Neuromodulation Market landscape?

Medtronic Plc., Abbott Laboratories, Boston Scientific Corporation, NeuroSigma, Inc., Neuropace Inc., Softerix Medical Inc., Aleva Neurotherapeutics, Synapse Biomedical Inc., Theranica Bio-Electronics Ltd., Neuronetics, Axonics, Inc., Gimer Medical, Nalu Medical, Inc., Helius Medical Technologies, Inc., MicroTransponder Inc., among others

Questions Addressed in this Study

1.What factors are driving the Neuromodulation Market growth?

2.How is the Neuromodulation Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Neuromodulation Market?

4.What is the current size of the Neuromodulation Market, and how is it projected to change in the future?

6.What is the future outlook for the Neuromodulation Market in terms of technological advancements and market expansion?

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