all report title image
  • Published On : May 2022
  • Code : CMI2514
  • Industry : Medical Devices
  • Pages : 162
  • Formats :

Vagus nerve stimulator, also known as the pacemaker for the brain, is a device used to generate electrical impulses, in order to stimulate the vagus nerve. These electric impulses travel to brain and are dispersed to different areas to alter the activity of nerves, so that the brain cells work correctly. Vagus nerve is a mixed nerve composed of 20% efferent fibers and 80% afferent fibers. The efferent fibers are responsible for sending signals from the brain to the body while afferent fibers are sensory in nature and are responsible for carrying information from the body to the brain. The vagus nerve is the main nerve of the parasympathetic nervous system, which is involved in regulation of specific involuntary body functions such as digestion, heart rate, and immune system. Vagus nerve stimulators can be used to treat different neurological disorders such as epilepsy, depression, anxiety, cluster headache, migraine, Crohn's disease, dyskinesia, and others. Vagus nerve stimulators can also be used as a rehabilitation aid for stroke.

Global vagus nerve stimulators market is estimated to be valued at US$  628.3 million in 2022 and is expected to exhibit a CAGR of 9.0% over the forecast period (2022-2030).

Figure 1. Global Vagus Nerve Stimulators Market Share (%), By Region, 2022

Vagus Nerve Stimulators  | Coherent Market Insights

The increasing prevalence of neurological disorders such as epilepsy, depression, anxiety, and others is expected to drive growth of the global vagus nerve stimulators market over the forecast period.

For instance, according to the data published by the World Health Organization (WHO) in September 2021, depression is a common mental disorder, which it is estimated to affect around 5.0% of adults and 5.7% adults older than 60 years, globally in 2019. The same source also states that around 280 million people in the world suffered from depression, as of 2018-19.

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Vagus Nerve Stimulators Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 628.3 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 9.0% 2030 Value Projection: US$ 1,251.9 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Implantable Devices, External Devices
  • By Application: Epilepsy, Depression & Anxiety, Cluster Headache & Migraine, Others (Crohn's disease, Dyskinesia, among others)
  • By End User: Hospitals, Specialty Clinics, Others (Research Institutions, Ambulatory Surgical Centers, among others)
Companies covered:

LivaNova PLC, electroCore, Inc., SetPoint Medical Corporation, Beijing PINS Medical Co., Ltd., Parasym Ltd., Nervana, LLC, tVNS Technologies GmbH, BioControl Medical, NeurAxis, Inc., Soterix Medical Inc., MicroTransponder Inc., Boston Scientific Corporation, Cyberonics, Inc., EnteroMedics Inc., ReShape Lifesciences Inc., and Cerbomed GmbH

Growth Drivers:
  • Increasing prevalence of neurological disorders such as depression, anxiety, epilepsy, migraine, and others
  • Increasing products approval and launches by market players
Restraints & Challenges:
  • Risks of technical failures associated with  vagus nerve stimulators
  • High cost of vagus nerve stimulators

Figure 2. Global Vagus Nerve Stimulators Market Value (US$ Mn), By Application, 2022

Vagus Nerve Stimulators  | Coherent Market Insights

The increasing research and development activities for the development of technologically advanced vagus nerve stimulators is expected to drive the market growth over the forecast period.

For instance, in September 2020, ReShape Lifesciences Inc., a U.S.-based weight-loss and metabolic health-solutions company announced positive pre-clinical result for its Diabetes Bloc-Stim Neuromodulation (DBSN) device, a dual vagus nerve stimulator for the treatment of type 2 diabetes mellitus.

Key players operating in the market are focusing on obtaining regulatory approvals of their vagus nerve stimulators, which is expected to drive growth of the global vagus nerve stimulators market over the forecast period.

For instance, in April 2020, electroCore, Inc., a U.S.-based medical technology company announced that it received approval of an expanded indication from U.S. Food and Drug Administration for gammaCore, a non-invasive vagus nerve stimulator to include prevention of migraine in adult patients. Previously, gammaCore was indicated as an adjunctive therapy for cluster headache, as well as for pain management, in case of episodic cluster headache and migraine headache.

Global Vagus Nerve Stimulators Market – Impact of Coronavirus (Covid-19) Pandemic

SARS-CoV-2 (Severe acute respiratory syndrome coronavirus) was first reported from Wuhan, China in December 2019, and was declared as a global pandemic by the World Health Organization (WHO), which designates SARS-CoV-2 infection as novel coronavirus (COVID-19). According to the Coronavirus (COVID-19), Weekly Epidemiological Update by the World Health Organization, COVID-19 has spread across the globe infecting over 511 million population leading to more than 6.2 million deaths as of May 1, 2022. The negative impact of COVID-19 on the healthcare domain is huge and it has significantly disrupted the healthcare industries’ entire supply chain, from raw materials to manufacturing and delivery. However, the COVID-19 pandemic is expected to show a positive impact on the overall growth of vagus nerve stimulators market, owing to the association of COVID-19 with neurological disorders such as depression, anxiety, etc. and rising research activities investigating the potential of vagus nerve stimulators to be used as a treatment or management for COVID-19.

For instance, according to an article published by the Lancet journal, a weekly peer-reviewed general medical journal, in November 2021, it is estimated that an additional 53.2 million cases of major depressive disorder were reported globally in 2020, an increase of 27.6% from 2019, due to the COVID-19 pandemic. The same source also estimated that an additional 76.2 million people suffered from anxiety disorders globally in 2020.

Global Vagus Nerve Stimulators Market - Restraint

The risks of technical failures and high cost associated with vagus nerve stimulators are the factors that are expected to hinder growth of the global vagus nerve stimulators market over the forecast period.

For instance, according to an article published by the World Neurosurgery journal, a monthly peer-reviewed medical journal, in June 2018, some of the complications related to vagus nerve stimulators can result from lead fracture, disconnection, battery displacement or device malfunction. The same source presents a case of a 25-year-old male patient (U.S.) with a vagal nerve stimulator implanted for epilepsy who reported neck pain whenever he turned his head to the right. Post investigation, it was found that vagal nerve stimulator had a partial lead fracture, after which the implant had to be replaced.

Moreover, according to an article published by the Epilepsia journal, a peer-reviewed medical journal, in April 2017, use of vagus nerve stimulators is associated with early and late stage complications. Early stage complications include microbial infections, dyspnea (shortness of breath), etc. while late stage complications include laryngopharyngeal dysfunction, which occurs in about 66% of patients with implanted vagus nerve stimulators.

Key Players

Major players operating in the global vagus nerve stimulators market include LivaNova PLC, electroCore, Inc., SetPoint Medical Corporation, Beijing PINS Medical Co., Ltd., Parasym Ltd., Nervana, LLC, tVNS Technologies GmbH, BioControl Medical, NeurAxis, Inc., Soterix Medical Inc., MicroTransponder Inc., Boston Scientific Corporation, Cyberonics, Inc., EnteroMedics Inc., ReShape Lifesciences Inc., and Cerbomed GmbH

Vagus nerve stimulation (VNS) refers to a technique which involves stimulating the vagus nerve including electrical or manual stimulation. Right cervical VNS is effective for treatment of heart failure, while the left cervical VNS is an effective treatment for refractory epilepsy as well as resistant depression. Vagus nerve stimulation can be performed through the use of vagus nerve stimulators, which send mild, regular pulses of electrical energy to the brain via the vagus nerve. Vagus nerve stimulators can either be implanted or used as an external handheld device. Traditionally, a vagus nerve stimulator is surgically implanted under the skin on the chest, while a wire is threaded under the skin which connects the device to the left vagus nerve. Some of the side effects associated with use of vagus nerve stimulators include changes in voice/speech, throat or neck pain, headache, insomnia, indigestion, nausea or vomiting, impaired sense of touch, and others.

Market Dynamics

The increasing prevalence of neurological disorders such as depression, anxiety, epilepsy, migraine, and others, rising technological advancements in vagus nerve stimulators, and increasing adoption of inorganic growth strategies such as acquisitions and collaborations by key players operating in the market are the major factors that are expected to drive growth of the global vagus nerve stimulators market over the forecast period.

For instance, according to an article published by the Neuroepidemiology journal, a peer-reviewed scientific journal, in 2020, it is estimated that the incidence of epilepsy was 61.4 per 100,000 person-years in 2017 with higher incidence in low/middle-income countries (139.0 per 100,000 person-years) than in high-income countries (48.9 per 100,000 person-years).

Key features of the study:

  • This report provides an in-depth analysis of the global vagus nerve stimulators market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global vagus nerve stimulators market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include LivaNova PLC, electroCore, Inc., SetPoint Medical Corporation, Beijing PINS Medical Co., Ltd., Parasym Ltd., Nervana, LLC, tVNS Technologies GmbH, BioControl Medical, NeurAxis, Inc., Soterix Medical Inc., MicroTransponder Inc., Boston Scientific Corporation, Cyberonics, Inc., EnteroMedics Inc., ReShape Lifesciences Inc., and Cerbomed GmbH
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global vagus nerve stimulators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vagus nerve stimulators market

Detailed Segmentation:

  • Global Vagus Nerve Stimulators Market, By Product Type:
    • Implantable Devices
    • External Devices
  • Global Vagus Nerve Stimulators Market, By Application:
    • Epilepsy
    • Depression & Anxiety
    • Cluster Headache & Migraine
    • Others (Crohn's disease, Dyskinesia, among others)
  • Global Vagus Nerve Stimulators Market, By End User:
    • Hospitals
    • Specialty Clinics
    • Others (Research Institutions, Ambulatory Surgical Centers, among others)
  • Global Vagus Nerve Stimulators Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country/Region
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • LivaNova PLC*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • electroCore, Inc.
    • SetPoint Medical Corporation
    • Beijing PINS Medical Co., Ltd.
    • Parasym Ltd.
    • Nervana, LLC
    • tVNS Technologies GmbH
    • BioControl Medical
    • NeurAxis, Inc.
    • Soterix Medical Inc.
    • MicroTransponder Inc.
    • Boston Scientific Corporation
    • Cyberonics, Inc.
    • EnteroMedics Inc.
    • ReShape Lifesciences Inc.
    • Cerbomed GmbH

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global vagus nerve stimulators market size is estimated to be valued at US$ 628.3 million in 2022 and is expected to exhibit a CAGR of 9.0% between 2022 and 2030.
Increasing prevalence of neurological disorders such as epilepsy, depression, anxiety, etc. and increasing research and development activities for the development of advanced vagus nerve stimulators are expected to drive the market growth over the forecast period.
Epilepsy segment is expected to hold the major market share in the market.
North America holds the largest market share in the market.  
Major factors hampering growth of the market include the risks of technical failures and high cost associated with vagus nerve stimulators.
Major players operating in the market include LivaNova PLC, electroCore, Inc., SetPoint Medical Corporation, Beijing PINS Medical Co., Ltd., Parasym Ltd., Nervana, LLC, tVNS Technologies GmbH, BioControl Medical, NeurAxis, Inc., Soterix Medical Inc., MicroTransponder Inc., Boston Scientific Corporation, Cyberonics, Inc., EnteroMedics Inc., ReShape Lifesciences Inc., and Cerbomed GmbH

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