PUBLISHER: Grand View Research | PRODUCT CODE: 1908164
PUBLISHER: Grand View Research | PRODUCT CODE: 1908164
The global neuromodulation devices market size was estimated at USD 6.37 billion in 2025 and is projected to reach USD 13.93 billion by 2033, growing at a CAGR of 10.35% from 2026 to 2033. The rising government funding for R&D activities in these devices, increasing prevalence of neurological disorders and technological advancements in these devices are driving the market growth.
For instance, according to the Parkinson's Foundation, around 1 million people are living with Parkinson's disease in the U.S., which is further expected to increase to 1.2 million by 2030. The incidence of neurological disorders is on the rise, leading to an increased need for innovative treatment solutions, including neuromodulation devices. For instance, according to the World Health Organization (WHO) in February 2024, around 5 million people are diagnosed with epilepsy, which is around 49 people per 100,000 population. Moreover, conditions such as Parkinson's disease, essential tremor, dystonia, and medically refractory epilepsy are increasingly being addressed through techniques such as Deep Brain Stimulation (DBS) and other implantable neurostimulation systems. Thus, the increasing prevalence of these conditions significantly increases the demand for advanced neuromodulation devices.
Technological advancements, particularly the continuous introduction of next-generation internal neuromodulation devices, are a major driving force behind the growth of the neuromodulation devices market. Innovations such as miniaturized implantable systems, closed-loop stimulation, AI-driven programming, and wireless or rechargeable platforms are significantly improving device precision, patient comfort, and long-term therapy outcomes. New product launches also expand clinical indications, enabling treatment of chronic pain, movement disorders, epilepsy, depression, and emerging neuropsychiatric conditions with greater efficacy. As companies introduce devices with longer battery life, personalized stimulation algorithms, and enhanced connectivity for remote monitoring, both clinicians and patients are adopting these solutions at a faster pace, supporting broader market expansion and accelerating the global shift toward advanced neuromodulation therapies.
Global Neuromodulation Devices Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the global neuromodulation devices market report on the basis of product, application, end-use, and region: