According to IQ4I Research, the nuclear medicine global market is estimated to grow at a high single-digit CAGR from 2022 to 2029 to reach $9,569.4 million by 2029. Persistently increasing geriatric population, increasing incidence of chronic pain, Parkinson’s and Alzheimer’s disorders, low approval rate of CNS drugs, favorable reimbursement scenario in major markets, the emergence of neuromodulation as add-on therapy, expansion in emerging markets, rise in the number of clinical studies performed, minimally invasive procedure, reduced use of opioids, targeted pain relief, limited or no side effects of procedures, increased number of hospitals, increase in number of procedures performed, high technological advancements in the field of neuromodulation devices, adoption of patient-centric neuromodulation devices, development of home-care based neuromodulation devices, expansion in their indications, increasing in number of product launches, product approvals by the regulatory authorities, a conducive regulatory environment that promotes the adoption of value-enhanced neuromodulation devices and constant research activities for the development of efficient, user-friendly and safer neuromodulation devices are some of the factors which are propelling the neuromodulation devices market growth.
The report covers business intelligence information such as reimbursement scenario, funding scenario, clinical trials, supply chain, major company’s product and application matrix, overall market share analysis & individual market share analysis of Spinal Cord Stimulator and Deep Brain Stimulator global market.
The neuromodulation devices market is highly consolidated with the top five players occupying major share of the market and the remaining share of the market is occupied by other players. The top players in the market are Abbott Laboratories (U.S.), Axonics Modulation Technologies, Inc. (U.S.), Bioventus (Bioness Inc.) (U.S.), Boston Scientific Corporation (U.S.), Inspire Medical Technologies (U.S.), Laborie Medical Technologies, Inc. (Canada), LivaNova Plc (U.K.), Medtronic Plc (Ireland), Neuropace Inc. (U.S.) and Nevro Corporation (U.S.).
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