Global Peripheral Nerve Stimulator Market Size To Exceed USD 1.04 Billion By 2035 | CAGR of 4.81%
Category: HealthcareGlobal Peripheral Nerve Stimulator Market Size To Exceed USD 1.04 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Peripheral Nerve Stimulator Market Size is Expected to Grow from USD 0.62 Billion in 2024 to USD 1.04 Billion by 2035, at a CAGR of 4.81% during the forecast period 2025-2035.
Get more details on this report -
Browse key industry insights spread across 230 pages with 130 Market data tables and figures & charts from the report on the "Global Peripheral Nerve Stimulator Market Size, Share, and COVID-19 Impact Analysis, By Product (Transcutaneous, Percutaneous, and Implantable), By Device Type (Stimulators, CPNB Catheters, Pain Pumps, and Others), By Stimulating Feature (Stimulator Machines with Train of Four (TOF) Monitoring Features and Machines without TOF Features), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/peripheral-nerve-stimulator-market
The peripheral nerve stimulator market refers to the industry emphasizing electrical stimulating devices for treating chronic pain and other neurological conditions. A peripheral nerve stimulator is a medical device that is used to manage chronic pain conditions such as neuropathy, sciatica, or complex regional pain syndrome. They are used where traditional treatments such as medications or physical therapy may not work. The peripheral nerve stimulator market is primarily driven by an increasing prevalence of nerve injuries, effective technologies, chronic pain management therapies, and the prevalence of diseases, driving the need for pain management. The increasing prevalence of nerve-related chronic pain, estimated to affect about 20% global population, which is 1.5 billion individuals, is contributing to driving the market demand for peripheral nerve stimulator. On the contrary, the increased price of devices, preference for drug therapies, and device procedure-related risks are challenging the market.
The transcutaneous segment dominated the market with the largest market share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product, the peripheral nerve stimulator market is divided into transcutaneous, percutaneous, and implantable. Among these, the transcutaneous segment dominated the market with the largest market share in 2024 and is projected to grow at a substantial CAGR during the forecast period. The non-invasive therapeutics provided by this device for treating conditions like arthritis, back & neck pain, fibromyalgia, muscle pain, and neuropathic pain are driving the market in the transcutaneous segment.
The pain pumps segment dominated the peripheral nerve stimulator market in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the device type, the peripheral nerve stimulator market is divided into stimulators, CPNB catheters, pain pumps, and others. Among these, the pain pumps segment dominated the peripheral nerve stimulator market in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. Pain pumps are used for delivering drugs with precise terms of duration and quantity of dose administered, over manual infusion. Its major applications are multiple sclerosis and cerebral palsy.
The stimulator machines with train of four (TOF) monitoring features segment accounted for the largest share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the stimulating feature, the peripheral nerve stimulator market is divided into stimulator machines with train of four (TOF) monitoring features and machines without TOF features. Among these, the stimulator machines with train of four (TOF) monitoring features segment accounted for the largest share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. The feature is used in intraoperative and postoperative procedures in orthopaedic surgery for assessing drug delivery.
North America is expected to hold the majority share of the global peripheral nerve stimulator market during the forecast period.
Get more details on this report -
North America is expected to hold the majority share of the global peripheral nerve stimulator market during the forecast period. The region’s increased prevalence of chronic pain, along with an increasing geriatric population, is anticipated to drive the market demand. Further, the increasing investment in healthcare infrastructure and the introduction of advanced medical solutions aid in market growth.
Asia Pacific is anticipated to grow at the fastest pace in the global peripheral nerve stimulator market during the forecast period. The growing prevalence of neurovascular diseases and favourable regulatory policies are significantly driving the market demand. The region’s increased healthcare expenditure is also responsible for the peripheral nerve stimulator market growth.
Europe is anticipated to hold a significant share of the peripheral nerve stimulator market during the projected timeframe. The growing emphasis on effective pain management with minimal invasiveness is driving the market for peripheral nerve stimulator. Further, the region’s robust healthcare system and increased healthcare expenditure are promoting the market growth.
Major vendors in the global peripheral nerve stimulator market are MEDTRONIC, Braun SE, Boston Scientific Corporation, Curonix LLC, SPR Therapeutics, AVNS, Teleflex Incorporated, SUNMED, Xavant Technology (Pty) Ltd, Vygon, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In January 2025, Curonix LLC, a leading medical technology company specializing in relieving chronic pain without the use of opioids, announced the expansion of MR labeling for its Freedom Peripheral Nerve Stimulator (PNS) System to include full-body 3T MRI scans.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the peripheral nerve stimulator market based on the below-mentioned segments:
Global Peripheral Nerve Stimulator Market, By Product
- Transcutaneous
- Percutaneous
- Implantable
Global Peripheral Nerve Stimulator Market, By Device Type
- Stimulators
- CPNB Catheters
- Pain Pumps
- Others
Global Peripheral Nerve Stimulator Market, By Stimulating Feature
- Stimulator Machines with Train of Four (TOF) Monitoring Features
- Machines without TOF Features
Global Peripheral Nerve Stimulator Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?