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The market of electrical neuromodulation of Central Nervous System keeps growing.
Technological disruption and growing opiod epidemic drives the market for spinal cord stimulation
However, living with an implant can be limiting, and device-related complications are common
It is projected that CNS market will exceed $14.5B by 2029 (CAGR 11.15%)
More physicians fall under pressure to prescribe opioid alternatives
More patients than ever before get recommend spinal cord stimulation to address chronic pain
Source: Bioelectronic Medicine 2019-2029. IDTechEx report, Dr. Nadia Tsao.
The reach of Peripheral Nerve Stimulation is vast
Devices that stimulate PNS are being used and/or tested to treat a wide range of diseases, including ADHA, epilepsy, IBS, autoimmune disease, depressions and stroke.
The current market is dominated by vagus nerve stimulation for epilepsy, with many devices for autoimmune and other inflammatory disorders in development, which are forecast t overtake VNS.
The market forecast hinges on successful regulatory approvals and sufficient reimbursement .
It is expected that such bioelectronic medicine devices will be moved into the first line therapy, particularly in conditions that escalate with time or benefit from early intervention.
Devices that stimulate PNS are being used and/or tested to treat a wide range of disease.
Source: Bioelectronic Medicine 2019 – 2029. IDTechEx report, Dr. Nadia Tsao.