Global Neurostimulation Market Opportunities & Forecast (2018-2025) Global Neurostimulation Market Opportunities | Page 2

The global neurostimulation market was valued at USD 5,716.5 million in 2017,
and is projected to reach USD 14,476.4 million by the end of 2025, growing at a
CAGR of 12.6% during 2018–2025.
Figure 1: Global Neurostimulation Market Revenue, 2018–2025 (USD Million)
Source: GMI Research
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The key factors bolstering the market growth are increasing prevalence of
neurological disorders, such as epilepsy, Parkinson’s disease, dystonia,
depression, migraine, and chronic pain. In addition, strong clinical needs,
expanding research activities and advances in neural stimulation technology in
combination with a deeper understanding of the nervous system are also
expected to aid the market growth.
Based on product type, implantable spinal cord stimulators segment is
anticipated to lead the market during 2018–2025
Implantable spinal cord stimulators product type segment is expected to
dominate the market during the forecast period due to an increase in clinical
trials for the treatment of new indications. Moreover, the adoption of spinal cord
stimulators is high as compared to conventional treatments as spinal cord