Neurology devices are specialized surgical devices used for the treatment of disease or conditions of the central nervous system (CNS) and spine. Neuromodulation devices are implantable electrical devices that are used to typically treat chronic pain, by modulating pathways in the spinal cord leading to blocking transmission of pain signals to the brain. GlobalData uses proprietary data and analytics to provide a comprehensive report on the neuromodulation devices devices market, including market shares of different players within South Korea. Buy the latest report here.

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In 2022, GlobalData’s Market Model methodology determined that the leading player in the neuromodulation devices market in South Korea was Medtronic followed by Boston Scientific, Abbott Laboratories, NeuroPace, LivaNova, B. Braun Melsungen and Avanos Medical.

Neuromodulation devices include deep brain stimulators (DBS), gastric electric stimulators (GES), leads, sacral nerve stimulators (SNS), spinal cord stimulators (SCS), peripheral nerve stimulators (PNS) and vagus nerve stimulators (VNS). A DBS is a device that is comprised of a brain-oriented pacemaker (an implantable pulse generator) that sends electrical stimulation through surgically implanted electrodes to specific targets in the brain. Gastric Electric Stimulators (GES) are utilized to treat gastroparesis, a medical condition where weak muscular contractions (peristalsis) of the stomach results in food and liquid remaining in the stomach for an extended period, leading to irregular absorption of nutrients, inadequate nutrition, and poor glycemic control. An SNS is a device comprised of a subcutaneously implanted electrical pacemaker that sends low electrical stimulation through surgically implanted electrodes to target the sacral nerve. An SCS is a device that comprises a surgically implanted electrical pacemaker and electrodes that connect to the spinal cord to treat chronic pain disorders. A PNS is a device, similar to the SCS that is used to treat chronic pain disorders. A VNS is a device comprised of an electrical pacemaker that sends electrical stimulation through surgically implanted electrodes to target the vagus nerve.

Following the widespread disruption resulting from the COVID-19 pandemic to the broader medical devices market during 2020 and 2021, the value of the neuromodulation devices devices market within South Korea was expected to be over $30m in 2022.

For the latest complete market share analysis of neuromodulation devices device market in South Korea, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. 

The medical devices pipeline data used in this article were obtained from the Medical Pipeline Products Database of GlobalData’s Medical Intelligence Center. Pipeline Products database is a comprehensive source of information on medical devices, it covers 39K products which are in development stage and intended for diagnosis, treatment, and management of diseases/conditions/symptoms directly or indirectly. The pipeline products included in the database are sourced from reliable and authenticated sources, such as company websites, SEC filings, conference presentations, analyst presentations, news releases, clinical trial registries, and grants. The information is collected by following systematic research techniques and proprietary methodology.