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Implantable Pulse Generator Global market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033
Implantable Pulse Generator Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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 Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, October 10, 2024 /EINPresswire / -- The implantable pulse generator market has witnessed strong growth, with the market growing from $99.52 billion in 2023 to $107.09 billion in 2024, at a CAGR of 7.6%. This growth is due to the large number of home healthcare facilities, higher adoption of neuromodulation for disease management, improved patient diagnosis rates, and increased use of medical devices with higher patient awareness.
What Is The Estimated Market Size Of The Global Implantable Pulse Generator Market And Its Annual Growth Rate?
The market will expand, reaching $144.31 billion by 2028, at a CAGR of 7.7%. Growth is driven by increased healthcare spending, patient preference for less invasive treatments, and favorable reimbursement policies. Trends include device miniaturization, wireless connectivity, and AI integration.
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Growth Driver of The Implantable Pulse Generator Market
The rising incidence of neurological disorders is expected to propel the growth of the implantable pulse generator market in the near future. Neurological disorders encompass conditions affecting the brain, spinal cord, and nervous system, which influence movement, sensation, and cognition. The increasing prevalence of these disorders is often linked to factors such as an aging population, lifestyle changes, environmental factors, and enhanced diagnostic techniques. Implantable pulse generators assist in managing neurological disorders by delivering targeted electrical impulses to modulate abnormal neural activity and alleviate symptoms.
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Which Market Players Are Driving The Implantable Pulse Generator Market Growth?
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.
What Are The Emerging Trends Shaping The Implantable Pulse Generator Market Size?
Major players in the implantable pulse generator market are focusing on advanced neuromodulation devices to improve treatment efficacy, enhance patient outcomes, and broaden the scope of neurological conditions these devices can treat. These devices, which deliver electrical or pharmaceutical agents directly to targeted areas, are transforming treatments by altering nerve activity for various medical conditions.
How Is The Global Implantable Pulse Generator Market Segmented?
1) By Product: Implantable Cardiac Pacemakers, Implantable Defibrillators, Cochlear Implants, Implantable Nerve Stimulators (Fes), Implantable Infusion Pumps, Implantable Active Monitoring Devices
2) 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
Geographical Insights: North America Leading The Implantable Pulse Generator Market
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.
Implantable Pulse Generator Market Definition
An implantable pulse generator (IPG) is a medical device designed to deliver electrical impulses to specific nerves or muscles within the body. Commonly used in neuromodulation therapies, the IPG helps manage conditions like chronic pain or movement disorders. Surgically implanted under the skin, it can be programmed to adjust stimulation levels as needed, providing patients with personalized treatment options.
Implantable Pulse Generator Global Market Report 2024 from The Business Research Company covers the following information:
. Market size data for the forecast period: Historical and Future
. Macroeconomic factors affecting the market in the short and long run
. Analysis of the macro and micro economic factors that have affected the market in the past five years
. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global implantable pulse generator market report covering trends, opportunities, strategies, and more
The Implantable Pulse Generator Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on implantable pulse generator market size, drivers and trends, implantable pulse generator market major players, competitors' revenues, market positioning, and market growth across geographies. The market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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What Does the Business Research Company Do?
The Business Research Company publishes over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including a Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package, and much more.
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Oliver Guirdham
The Business Research Company
+44 20 7193 0708
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