Middle East & Africa Vagus Nerve Stimulation Market Size & Outlook
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MEA vagus nerve stimulation market highlights
- The MEA vagus nerve stimulation market generated a revenue of USD 10.9 million in 2023.
- The market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, implantable vns device was the largest revenue generating product in 2023.
- External VNS Device is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 10.9 million |
| Market revenue in 2030 | USD 23.5 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Implantable vns device |
| Fastest growing segment | External VNS Device |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable VNS Device, External VNS Device |
| Key market players worldwide | LivaNova PLC, ElectroCore Inc, Cerebral, MicroTransponder, Parasym |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.3% of the global vagus nerve stimulation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 178.3 million by 2030.
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Vagus Nerve Stimulation Market Scope
Vagus Nerve Stimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Parasym | View profile | 1-10 | London, England, United Kingdom, Europe | https://www.parasym.co/ |
| MicroTransponder | View profile | 11-50 | Dallas, Texas, United States, North America | http://microtransponder.com |
| Cerebral | View profile | 1001-5000 | San Francisco, California, United States, North America | https://cerebral.com |
| ElectroCore Inc | View profile | 62 | 200 Forge Way, Suite 205, Rockaway, NJ, United States, 07866 | https://www.electrocore.com |
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
Middle East & Africa vagus nerve stimulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vagus nerve stimulation market will help companies and investors design strategic landscapes.
Implantable vns device was the largest segment with a revenue share of 58.72% in 2023. Horizon Databook has segmented the Middle East & Africa vagus nerve stimulation market based on implantable vns device, external vns device covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of vagus nerve stimulation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vagus nerve stimulation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vagus nerve stimulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA vagus nerve stimulation market size, by country, 2018-2030 (US$M)
Middle East & Africa Vagus Nerve Stimulation Market Outlook Share, 2023 & 2030 (US$M)
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