The Global Vagus Nerve Stimulation Market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.0% in the forecast period of 2022 to 2029 and is expected to reach USD 2,424.01 million by 2029.
The vagus nerve is a long cranial nerve that runs from a person’s brain stem into the neck, chest, and abdomen. It is a part of the parasympathetic nervous system, which is commonly referred to as the rest-and-digest system because it regulates body functions while a person is at rest. It delivers messages to a person’s brain from their digestive system and organs such as their lungs, heart, and liver. It controls several organ functions, including digestion, heart rate, and respiratory rate. It is responsible for vasomotor activity and reflexes. It also regulates vocalization, mood, and immunity. It influences sensory functions in a person’s ears, sinuses, and esophagus as well.
VNS involves a pulse generator inserted under a person’s skin on their chest. The implantable device, which is similar to a pacemaker, delivers regular electrical pulses to the brain via the vagus nerve. It is possible to provide additional stimulation by placing the provided magnet over the pulse generator. Relaxation techniques such as breathing exercises, yoga, and medication can influence vagus nerve activity, increasing its ability to relieve anxiety and mood-related symptoms. VNS can improve an individual’s physical health and can offer benefits for several conditions such as epilepsy and depression. The treatment has a healing effect on a person’s body due to its ability to promote relaxation and reduce inflammation.
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Global Vagus Nerve Stimulation Market Scope
Global vagus nerve stimulation market is segmented into six notable segments based on product type, biomaterial, application, patient type, end user, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product Type
- Implantable VNS Devices
- External VNS Devices
Biomaterial
- Ceramics
- Metallic
- Polymeric
Application
- Pain Management
- Epileptic Seizures
- Obesity Management
- Depression and Anxiety
- Others
Patient Type
- Adults
- Pediatric
- Geriatric
End User
- Hospital
- Ambulatory Surgery Centers
- Specialty Centers
- Others
Distribution Channel
- Direct Tender
- Retail Sales
- Others
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Global Vagus Nerve Stimulation Market Regional Analysis/Insights
The global vagus nerve stimulation market is analyzed and market size insights and trends are provided by country, product type, biomaterial, application, patient type, end user, and distribution channel as referenced above.
North America dominates the global vagus nerve stimulation market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the high prevalence and incidence of neurological disorders in the region, and growing R&D investments and the launch of new products are boosting market growth.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Some of the major players operating in the market are
- Medtronic,
- LivaNova PLC,
- electroCore, Inc.,
- Cirtec,
- Brain Control Co. Limited,
- Soterix Medical Inc.,
- SetPoint Medical,
- MicroTransponder Inc,
- Parasym Ltd,
- Neuropix Company Ltd.,
- tVNS Technologies GmbH
- Among others.
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