This Implantable Pulse Generator market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The implantable pulse generator market size has grown strongly in recent years. It will grow from $99.52 billion in 2023 to $107.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historic period can be attributed to several factors, the expansion of home healthcare facilities, increased adoption of neuromodulation for disease management, higher diagnosis rates, growing usage of medical devices, and increased patient awareness.
The implantable pulse generator market size is expected to see strong growth in the next few years. It will grow to $144.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth during the forecast period can be attributed to several factors, rising healthcare expenditure, patient preference for less invasive treatments, favorable reimbursement policies, expansion of application areas, and increased use of implants in various therapies. Key trends expected to influence this growth include the miniaturization of devices, improved battery life, development of wireless connectivity, smart implantable devices, and the integration of artificial intelligence and machine learning.
The increasing prevalence of neurological disorders is expected to drive the growth of the implantable pulse generator market. Neurological disorders affect the brain, spinal cord, and nervous system, impacting movement, sensation, and cognition. The rise in these disorders is linked to factors such as an aging population, lifestyle changes, environmental influences, and advancements in diagnostic techniques. Implantable pulse generators assist in managing neurological disorders by delivering targeted electrical impulses to modulate abnormal neural activity and alleviate symptoms. For example, as reported by the Parkinson Foundation in December 2022, the number of individuals with Parkinson's disease (PD) in the U.S. was 930,000 by 2020, with projections indicating it will reach 1.2 million by 2030. Thus, the growing incidence of neurological disorders is fueling the expansion of the implantable pulse generator market.
Companies in the implantable pulse generator market are focusing on developing advanced neuromodulation devices to improve treatment effectiveness, patient outcomes, and broaden the range of conditions treated. Neuromodulation devices alter nerve activity by delivering electrical or pharmaceutical agents to specific areas of the nervous system. For instance, in November 2022, CVRx Inc., a U.S.-based medical device company, introduced the Barostim NEO2 IPG, a new implantable pulse generator designed for patients undergoing therapy. The Barostim system uses neuromodulation to alleviate heart failure symptoms by delivering electrical pulses to the baroreceptors in the carotid artery, activating the body’s baroreflex and inducing an autonomic response in the heart. The goal is to restore balance to the autonomic nervous system and reduce heart failure symptoms.
In March 2021, Bioventus Inc., a U.S.-based medical device company, acquired Bioness Inc. for an undisclosed amount. This acquisition allows Bioventus to leverage Bioness's extensive range of medical devices and technologies, which support recovery for patients with conditions such as stroke, traumatic brain injury, and osteoarthritis. The portfolio includes specialized electrical stimulation devices and robotic systems critical for patient rehabilitation. Bioness Inc. is a U.S.-based company known for its electromedical devices.
Major companies operating in the implantable pulse generator market are Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Integer Holdings Corporation, Livanova plc, Inspire Medical Systems Inc., Nevro Corp, Impulse Dynamics Ltd., Valtronic Inc., NeuroPace Inc., SPR Therapeutics Inc., Stimwave LLC, SetPoint Medical, ReShape Lifesciences Inc., Synapse Biomedical Inc., Nuvectra Medical Inc., NeuroSigma Inc., Nalu Medical Inc., MainStay Medical International PLC, Dextronix Inc., BioControl Medical Inc.
North America was the largest region in the implantable pulse generator market in 2023. The regions covered in the implantable pulse generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the implantable pulse generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An implantable pulse generator (IPG) is a medical device used to deliver electrical impulses to specific nerves or muscles within the body. It is commonly employed in neuromodulation therapies to manage conditions such as chronic pain or movement disorders. The IPG is surgically implanted under the skin and can be programmed to adjust stimulation levels as required.
The primary types of implantable pulse generators include implantable cardiac pacemakers, implantable defibrillators, cochlear implants, implantable nerve stimulators (functional electrical stimulation or FES), implantable infusion pumps, and implantable active monitoring devices. Implantable cardiac pacemakers, for example, are devices placed in the chest to regulate abnormal heart rhythms by delivering electrical impulses to stimulate the heart. They come in rechargeable and non-rechargeable variants and are used for cardiovascular diseases, movement disorders, orthopedic conditions, and other health issues. End users of these devices include hospitals, ambulatory surgical centers, home care settings, and clinics.
The implantable pulse generator market research report is one of a series of new reports that provides Implantable pulse generator market statistics, including the implantable pulse generator industry's global market size, regional shares, competitors with an implantable pulse generator market share, detailed implantable pulse generator market segments, market trends and opportunities, and any further data you may need to thrive in the implantable pulse generator industry. This implantable pulse generator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The implantable pulse generator market consists of sales of neurostimulators, sacral nerve stimulators, and deep brain stimulation (DBS) systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The implantable pulse generator market size has grown strongly in recent years. It will grow from $99.52 billion in 2023 to $107.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historic period can be attributed to several factors, the expansion of home healthcare facilities, increased adoption of neuromodulation for disease management, higher diagnosis rates, growing usage of medical devices, and increased patient awareness.
The implantable pulse generator market size is expected to see strong growth in the next few years. It will grow to $144.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth during the forecast period can be attributed to several factors, rising healthcare expenditure, patient preference for less invasive treatments, favorable reimbursement policies, expansion of application areas, and increased use of implants in various therapies. Key trends expected to influence this growth include the miniaturization of devices, improved battery life, development of wireless connectivity, smart implantable devices, and the integration of artificial intelligence and machine learning.
The increasing prevalence of neurological disorders is expected to drive the growth of the implantable pulse generator market. Neurological disorders affect the brain, spinal cord, and nervous system, impacting movement, sensation, and cognition. The rise in these disorders is linked to factors such as an aging population, lifestyle changes, environmental influences, and advancements in diagnostic techniques. Implantable pulse generators assist in managing neurological disorders by delivering targeted electrical impulses to modulate abnormal neural activity and alleviate symptoms. For example, as reported by the Parkinson Foundation in December 2022, the number of individuals with Parkinson's disease (PD) in the U.S. was 930,000 by 2020, with projections indicating it will reach 1.2 million by 2030. Thus, the growing incidence of neurological disorders is fueling the expansion of the implantable pulse generator market.
Companies in the implantable pulse generator market are focusing on developing advanced neuromodulation devices to improve treatment effectiveness, patient outcomes, and broaden the range of conditions treated. Neuromodulation devices alter nerve activity by delivering electrical or pharmaceutical agents to specific areas of the nervous system. For instance, in November 2022, CVRx Inc., a U.S.-based medical device company, introduced the Barostim NEO2 IPG, a new implantable pulse generator designed for patients undergoing therapy. The Barostim system uses neuromodulation to alleviate heart failure symptoms by delivering electrical pulses to the baroreceptors in the carotid artery, activating the body’s baroreflex and inducing an autonomic response in the heart. The goal is to restore balance to the autonomic nervous system and reduce heart failure symptoms.
In March 2021, Bioventus Inc., a U.S.-based medical device company, acquired Bioness Inc. for an undisclosed amount. This acquisition allows Bioventus to leverage Bioness's extensive range of medical devices and technologies, which support recovery for patients with conditions such as stroke, traumatic brain injury, and osteoarthritis. The portfolio includes specialized electrical stimulation devices and robotic systems critical for patient rehabilitation. Bioness Inc. is a U.S.-based company known for its electromedical devices.
Major companies operating in the implantable pulse generator market are Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Integer Holdings Corporation, Livanova plc, Inspire Medical Systems Inc., Nevro Corp, Impulse Dynamics Ltd., Valtronic Inc., NeuroPace Inc., SPR Therapeutics Inc., Stimwave LLC, SetPoint Medical, ReShape Lifesciences Inc., Synapse Biomedical Inc., Nuvectra Medical Inc., NeuroSigma Inc., Nalu Medical Inc., MainStay Medical International PLC, Dextronix Inc., BioControl Medical Inc.
North America was the largest region in the implantable pulse generator market in 2023. The regions covered in the implantable pulse generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the implantable pulse generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An implantable pulse generator (IPG) is a medical device used to deliver electrical impulses to specific nerves or muscles within the body. It is commonly employed in neuromodulation therapies to manage conditions such as chronic pain or movement disorders. The IPG is surgically implanted under the skin and can be programmed to adjust stimulation levels as required.
The primary types of implantable pulse generators include implantable cardiac pacemakers, implantable defibrillators, cochlear implants, implantable nerve stimulators (functional electrical stimulation or FES), implantable infusion pumps, and implantable active monitoring devices. Implantable cardiac pacemakers, for example, are devices placed in the chest to regulate abnormal heart rhythms by delivering electrical impulses to stimulate the heart. They come in rechargeable and non-rechargeable variants and are used for cardiovascular diseases, movement disorders, orthopedic conditions, and other health issues. End users of these devices include hospitals, ambulatory surgical centers, home care settings, and clinics.
The implantable pulse generator market research report is one of a series of new reports that provides Implantable pulse generator market statistics, including the implantable pulse generator industry's global market size, regional shares, competitors with an implantable pulse generator market share, detailed implantable pulse generator market segments, market trends and opportunities, and any further data you may need to thrive in the implantable pulse generator industry. This implantable pulse generator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The implantable pulse generator market consists of sales of neurostimulators, sacral nerve stimulators, and deep brain stimulation (DBS) systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Implantable Pulse Generator Market Characteristics3. Implantable Pulse Generator Market Trends and Strategies32. Global Implantable Pulse Generator Market Competitive Benchmarking33. Global Implantable Pulse Generator Market Competitive Dashboard34. Key Mergers and Acquisitions in The Implantable Pulse Generator Market
4. Implantable Pulse Generator Market - Macro Economic Scenario
5. Global Implantable Pulse Generator Market Size and Growth
6. Implantable Pulse Generator Market Segmentation
7. Implantable Pulse Generator Market Regional and Country Analysis
8. Asia-Pacific Implantable Pulse Generator Market
9. China Implantable Pulse Generator Market
10. India Implantable Pulse Generator Market
11. Japan Implantable Pulse Generator Market
12. Australia Implantable Pulse Generator Market
13. Indonesia Implantable Pulse Generator Market
14. South Korea Implantable Pulse Generator Market
15. Western Europe Implantable Pulse Generator Market
16. UK Implantable Pulse Generator Market
17. Germany Implantable Pulse Generator Market
18. France Implantable Pulse Generator Market
19. Italy Implantable Pulse Generator Market
20. Spain Implantable Pulse Generator Market
21. Eastern Europe Implantable Pulse Generator Market
22. Russia Implantable Pulse Generator Market
23. North America Implantable Pulse Generator Market
24. USA Implantable Pulse Generator Market
25. Canada Implantable Pulse Generator Market
26. South America Implantable Pulse Generator Market
27. Brazil Implantable Pulse Generator Market
28. Middle East Implantable Pulse Generator Market
29. Africa Implantable Pulse Generator Market
30. Implantable Pulse Generator Market Competitive Landscape and Company Profiles
31. Implantable Pulse Generator Market Other Major and Innovative Companies
35. Implantable Pulse Generator Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Implantable Pulse Generator Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on implantable pulse generator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for implantable pulse generator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The implantable pulse generator market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Implantable Cardiac Pacemakers; Implantable Defibrillators; Cochlear Implants; Implantable Nerve Stimulators (Fes); Implantable Infusion Pumps; Implantable Active Monitoring Devices2) By Charging Type: Rechargeable; Non Rechargeable
3) By Application: Cardiovascular Diseases; Movement Disorders; Orthopedic Diseases; Other Applications
4) By End User: Hospitals; Ambulatory Surgical Centers; Home Care Settings; Clinics
Key Companies Mentioned: Abbott Laboratories; Medtronic PLC; Boston Scientific Corporation; Integer Holdings Corporation; Livanova plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Implantable Pulse Generator market report include:- Abbott Laboratories
- Medtronic PLC
- Boston Scientific Corporation
- Integer Holdings Corporation
- Livanova plc
- Inspire Medical Systems Inc.
- Nevro Corp
- Impulse Dynamics Ltd.
- Valtronic Inc.
- NeuroPace Inc.
- SPR Therapeutics Inc.
- Stimwave LLC
- SetPoint Medical
- ReShape Lifesciences Inc.
- Synapse Biomedical Inc.
- Nuvectra Medical Inc.
- NeuroSigma Inc.
- Nalu Medical Inc.
- MainStay Medical International PLC
- Dextronix Inc.
- BioControl Medical Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | October 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 107.09 Billion |
Forecasted Market Value ( USD | $ 144.31 Billion |
Compound Annual Growth Rate | 7.7% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |