Italy Neurostimulation Devices Market Size & Outlook
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Italy neurostimulation devices market highlights
- The Italy neurostimulation devices market generated a revenue of USD 142.2 million in 2023 and is expected to reach USD 332.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 12.9% from 2024 to 2030.
- In terms of segment, spinal cord stimulator was the largest revenue generating product in 2023.
- Sacral Nerve Stimulator is the most lucrative product segment registering the fastest growth during the forecast period.
Neurostimulation devices market data book summary
| Market revenue in 2023 | USD 142.2 million |
| Market revenue in 2030 | USD 332.0 million |
| Growth rate | 12.9% (CAGR from 2023 to 2030) |
| Largest segment | Spinal cord stimulator |
| Fastest growing segment | Sacral Nerve Stimulator |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Cord Stimulator, Deep Brain Stimulator, Sacral Nerve Stimulator, Vagus Nerve Stimulator, Gastric Electric Stimulator |
| Key market players worldwide | Medtronic PLC, LivaNova PLC, Boston Scientific Corp, St. Jude Medical, Nevro Corp |
Other key industry trends
- In terms of revenue, Italy accounted for 2.2% of the global neurostimulation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany neurostimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 525.9 million by 2030.
Spinal cord stimulator was the largest segment with a revenue share of 49.65% in 2023. Horizon Databook has segmented the Italy neurostimulation devices market based on spinal cord stimulator, deep brain stimulator, sacral nerve stimulator, vagus nerve stimulator, gastric electric stimulator covering the revenue growth of each sub-segment from 2018 to 2030.
Life expectancy in Italy is among the highest in Europe. Under tight budget constraints, the country has managed to expand & reform the national health benefit basket. In addition, the central government intends to foster a recentralization of funding & design a new system for allocating resources among regions to provide the residents with access to this expanded benefit basket. Thus, increase in healthcare funding has resulted in the rising demand for neurostimulation devices.
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Neurostimulation Devices Market Scope
Neurostimulation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| St. Jude Medical | View profile | 10001+ | Saint Paul, Minnesota, United States, North America | http://www.sjm.com |
| Nevro Corp | View profile | 1215 | 1800 Bridge Parkway, Redwood City, CA, United States, 94065 | https://www.nevro.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Italy neurostimulation devices market size, by product, 2018-2030 (US$M)
Italy Neurostimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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