Neuromodulation Market Scope and Analysis Report by 2031
Neuromodulation Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 8.87 Billion |
Market Size by 2031 | US$ 28.32 Billion |
Global CAGR (2023 - 2031) | 15.2% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Neuromodulation Market News and Recent Developments
The neuromodulation market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for neuromodulation:
- The U.S. Food and Drug Administration (FDA) approved Abbott's Eterna spinal cord stimulation (SCS) system for treating chronic pain. This device provides an improved experience with the ability to wirelessly charge as few as five times per year, the lowest recharge burden compared to other rechargeable SCS systems. (Source: Abbott /Press Release, December 2022)
- GrayMatters Health, a developer of digital self-neuromodulation therapies for mental health care, announced the launch of Prism for posttraumatic stress disorder (PTSD) in the United States. Prism for PTSD is the first self-neuromodulation device to receive U.S. Food & Drug Administration (FDA) clearance as a prescribed adjunct to standard of care (SOC) for PTSD and is accessible at 2 U.S. clinics. (Source: GrayMatters Health, Press Release, January 2024)
Neuromodulation Market Report Coverage and Deliverables
The “Neuromodulation Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles