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Global Brain Implants Market Size, Share & Trends Analysis Report by Product (Deep Brain Stimulator, Spinal Cord Stimulator), Application (Chronic pain, Epilepsy, Parkinson's, Depression, Essential Tremor), Region, and Segment Forecasts, 2023-2030

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    Report

  • 120 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 4479756
Description Jump to:
The global brain implants market size is anticipated to reach USD 11.19 billion by 2030, according to the report. The market is expected to expand at a CAGR of 9.7% from 2023 to 2030. The rise in neurological disorders such as epilepsy, Parkinson’s disease, depression, and tremors as well as growing investments in R&D to develop cost-effective brain implants is attributing to the growth of the market.

The presence of a large population base suffering from various neurological and physiological disorders and conditions is expected to boost the demand for implants during the forecast period. For instance, as per the Parkinson’s Foundation 2016 report, over 10 million people globally are living with Parkinson’s disease (PD). Thus, the increasing cases of PD are expected to drive the market. However, the outbreak of the COVID-19 pandemic is restricting the growth of the market. For instance, as per the Neuromodulation Society of the U.K. and Ireland, in the U.K. all the NHS hospitals were instructed to suspend all the non-urgent elective surgeries due to the pandemic from 15th April in 2020 for at least three months.

In addition, technological advancements such as self-charging implants and memory chips are anticipated to provide the market with growth opportunities over the forecast period. For instance, in January 2020, Abbott’s Infinity DBS received an extended indication approval from the U.S. FDA for PD treatment.

Brain Implants Market Report Highlights

  • The deep brain stimulators segment accounted for the largest revenue share of 36.7% in 2022 attributed to its use in various applications in neurological disorders.
  • The vagus nerve stimulator segment is expected to grow at the fastest CAGR of 10.1% during the forecast period owing to the factors such as applications in the treatment of various disorders such as anxiety, migraines, fibromyalgia, tinnitus, and obesity.
  • The chronic pain segment accounted for the largest revenue share of 58.5% in 2022 owing to an increase in the incidence of chronic pain has created clinical urgency for incorporating long-term solutions.
  • North America dominated the global brain implants market and accounted for the largest revenue share of 42.2% in 2022. This dominance can be attributed to factors such as an increase in the prevalence of neurological disorders, a rise in awareness about treatments, the availability of highly skilled physicians, and the presence of well-established healthcare facilities.
  • Asia Pacific is expected to grow at the fastest CAGR of 10.9% over the forecast period owing to various factors such as the rising prevalence of neurodegenerative and psychiatric disorders, coupled with unmet need for effective and long-term treatment solutions, increasing affordability, and a rising number of awareness programs.


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Brain Implants Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Brain Implants Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic Landscape
Chapter 4. Brain Implants Market: Product Estimates & Trend Analysis
4.1. Brain Implants Market: Key Takeaways
4.2. Brain Implants Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Deep Brain Stimulator
4.3.1. Deep Brain Stimulator market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Spinal Cord Stimulator
4.4.1. Spinal Cord Stimulator Market Estimates and Forecasts, 2018 to 2030 (USD Million)
4.5. Vagus Nerve Stimulator
4.5.1. Vagus Nerve Stimulator market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Brain Implants Market: Application Estimates & Trend Analysis
5.1. Brain Implants Market: Key Takeaways
5.2. Brain Implants Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Chronic pain
5.3.1. Chronic pain market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Epilepsy
5.4.1. Epilepsy market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. Parkinson's
5.5.1. Parkinson's market estimates and forecasts, 2018 to 2030 (USD Million)
5.6. Depression
5.6.1. Depression market estimates and forecasts, 2018 to 2030 (USD Million)
5.7. Essential Tremor
5.7.1. Essential Tremor market estimates and forecasts, 2018 to 2030 (USD Million)
5.8. Alzheimer's
5.8.1. Alzheimer's market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Brain Implants Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Brain Implants Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.4. Italy
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.5. Spain
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.6. Denmark
6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.7. Sweden
6.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.4.8. Norway
6.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.4. Australia
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.5. Thailand
6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.5.6. South Korea
6.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.6. Latin America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.6.2. Mexico
6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.6.3. Argentina
6.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.7. MEA
6.7.1. South Africa
6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.7.2. Saudi Arabia
6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.7.3. UAE
6.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
6.7.4. Kuwait
6.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Medtronic
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Boston Scientific Corporation
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. St. Jude Medical (Abbott)
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. NeuroPace, Inc.
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. NEVRO CORP
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Synapse Biomedical Inc.
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. ALEVA NEUROTHERAPEUTICS
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 North America brain implants market, by product, 2018 - 2030 (USD Million)
Table 3 North America brain implants market, by application, 2018 - 2030 (USD Million)
Table 4 North America brain implants market, by region, 2018 - 2030 (USD Million)
Table 5 U.S. brain implants market, by product, 2018 - 2030 (USD Million)
Table 6 U.S. brain implants market, by application, 2018 - 2030 (USD Million)
Table 7 Canada brain implants market, by product, 2018 - 2030 (USD Million)
Table 8 Canada brain implants market, by application, 2018 - 2030 (USD Million)
Table 9 Europe brain implants market, by product, 2018 - 2030 (USD Million)
Table 10 Europe brain implants market, by application, 2018 - 2030 (USD Million)
Table 11 Europe brain implants market, by region, 2018 - 2030 (USD Million)
Table 12 UK brain implants market, by product, 2018 - 2030 (USD Million)
Table 13 UK brain implants market, by application, 2018 - 2030 (USD Million)
Table 14 Germany brain implants market, by product, 2018 - 2030 (USD Million)
Table 15 Germany brain implants market, by application, 2018 - 2030 (USD Million)
Table 16 France brain implants market, by product, 2018 - 2030 (USD Million)
Table 17 France brain implants market, by application, 2018 - 2030 (USD Million)
Table 18 Italy brain implants market, by product, 2018 - 2030 (USD Million)
Table 19 Italy brain implants market, by application, 2018 - 2030 (USD Million)
Table 20 Spain brain implants market, by product, 2018 - 2030 (USD Million)
Table 21 Spain brain implants market, by application, 2018 - 2030 (USD Million)
Table 22 Denmark brain implants market, by product, 2018 - 2030 (USD Million)
Table 23 Denmark brain implants market, by application, 2018 - 2030 (USD Million)
Table 24 Sweden brain implants market, by product, 2018 - 2030 (USD Million)
Table 25 Sweden brain implants market, by application, 2018 - 2030 (USD Million)
Table 26 Norway brain implants market, by product, 2018 - 2030 (USD Million)
Table 27 Norway brain implants market, by application, 2018 - 2030 (USD Million)
Table 28 Asia Pacific brain implants market, by product, 2018 - 2030 (USD Million)
Table 29 Asia Pacific brain implants market, by application, 2018 - 2030 (USD Million)
Table 30 Asia Pacific brain implants market, by region, 2018 - 2030 (USD Million)
Table 31 Japan brain implants market, by product, 2018 - 2030 (USD Million)
Table 32 Japan brain implants market, by application, 2018 - 2030 (USD Million)
Table 33 China brain implants market, by product, 2018 - 2030 (USD Million)
Table 34 China brain implants market, by application, 2018 - 2030 (USD Million)
Table 35 India brain implants market, by product, 2018 - 2030 (USD Million)
Table 36 India brain implants market, by application, 2018 - 2030 (USD Million)
Table 37 Australia brain implants market, by product, 2018 - 2030 (USD Million)
Table 38 Australia brain implants market, by application, 2018 - 2030 (USD Million)
Table 39 Thailand brain implants market, by product, 2018 - 2030 (USD Million)
Table 40 Thailand brain implants market, by application, 2018 - 2030 (USD Million)
Table 41 South Korea brain implants market, by product, 2018 - 2030 (USD Million)
Table 42 South Korea brain implants market, by application, 2018 - 2030 (USD Million)
Table 43 Latin America brain implants market, by product, 2018 - 2030 (USD Million)
Table 44 Latin America brain implants market, by application, 2018 - 2030 (USD Million)
Table 45 Latin America brain implants market, by region, 2018 - 2030 (USD Million)
Table 46 Brazil brain implants market, by product, 2018 - 2030 (USD Million)
Table 47 Brazil brain implants market, by application, 2018 - 2030 (USD Million)
Table 48 Mexico brain implants market, by product, 2018 - 2030 (USD Million)
Table 49 Mexico brain implants market, by application, 2018 - 2030 (USD Million)
Table 50 Argentina brain implants market, by product, 2018 - 2030 (USD Million)
Table 51 Argentina brain implants market, by application, 2018 - 2030 (USD Million)
Table 52 Middle East and Africa brain implants market, by product, 2018 - 2030 (USD Million)
Table 53 Middle East and Africa brain implants market, by application, 2018 - 2030 (USD Million)
Table 54 Middle East and Africa brain implants market, by region, 2018 - 2030 (USD Million)
Table 55 South Africa brain implants market, by product, 2018 - 2030 (USD Million)
Table 56 South Africa brain implants market, by application, 2018 - 2030 (USD Million)
Table 57 Saudi Arabia brain implants market, by product, 2018 - 2030 (USD Million)
Table 58 Saudi Arabia brain implants market, by application, 2018 - 2030 (USD Million)
Table 59 UAE brain implants market, by product, 2018 - 2030 (USD Million)
Table 60 UAE brain implants market, by application, 2018 - 2030 (USD Million)
Table 61 Kuwait brain implants market, by product, 2018 - 2030 (USD Million)
Table 62 Kuwait brain implants market, by application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for market share assessment
Fig. 6 Market formulation & validation
Fig. 7 Brain implants: Market outlook
Fig. 8 Brain implants: Competitive insights
Fig. 9 Parent market outlook
Fig. 10 Related/ancillary market outlook
Fig. 11 Penetration and growth prospect mapping
Fig. 12 Brain implants market driver impact
Fig. 13 Brain implants market restraint impact
Fig. 14 Brain implants market Strategic Initiatives analysis
Fig. 15 Brain implants market: Product movement analysis
Fig. 16 Brain implants market: Product outlook and key takeaways
Fig. 17 Deep Brain Stimulator market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 18 Spinal Cord Stimulator market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Vagus Nerve Stimulator market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Brain implants market: Application movement analysis
Fig. 21 Brain implants market: Application outlook and key takeaways
Fig. 22 Chronic pain market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 Epilepsy market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Parkinson's market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Depression market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Essential Tremor market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 27 Alzheimer's market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Global brain implants market: Regional movement analysis
Fig. 29 Global brain implants market: Regional outlook and key takeaways
Fig. 30 North America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 U.S. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Canada market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Europe market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 UK market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Germany market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 France market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Italy market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Spain market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Denmark market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Sweden market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Norway market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Asia Pacific market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Japan market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 China market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 India market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Australia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Thailand market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 South Korea market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Latin America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 Brazil market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Mexico market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 Argentina market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Middle East and Africa. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 South Africa market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Saudi Arabia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 UAE market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 Kuwait market estimates and forecasts, 2018 - 2030 (USD Million)

Companies Profiled

  • Medtronic
  • Boston Scientific Corporation
  • St. Jude Medical (Abbott)
  • NeuroPace, Inc.
  • NEVRO CORP
  • Synapse Biomedical Inc.
  • ALEVA NEUROTHERAPEUTICS

Methodology

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Table Information

Report AttributeDetails
No. of Pages120
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 5.4 Billion
Forecasted Market Value ( USD ) by 2030 $ 11.19 Billion
Compound Annual Growth Rate9.7%
Regions CoveredGlobal
No. of Companies Mentioned7

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