Spinal Cord Stimulators Market Size, Share Report, Analysis, Trends, Growth 2030

Spinal Cord Stimulators Market Size

The Spinal Cord Stimulators Market is set for quick growth over the forecast period. In terms of revenue, the global Spinal Cord Stimulators Market was valued at USD 2880 billion in 2019. It is expected that the market will be valued at USD 4120 billion by 2026 rising at a CAGR of 8.0%.

Global Spinal Cord Stimulators Market: Overview

A Spinal Cord Stimulator (SCS) device is surgically placed under the skin and sends a mild electric current to the spinal cord. It helps in the reduction of pain because the electrical pulses modify and mask the pain signal from reaching the brain.

Global Spinal Cord Stimulators Market: Growth Factors

The rising population suffering from chronic pain, favorable reimbursement policies, and a rise in the adoption of spinal cord stimulators for the relief of pain are some of the key aspects that are boosting the growth of the global spinal cord stimulator market.

Emerging spinal cord stimulation therapy guidelines is also driving the growth of the global spinal cord stimulators market. Covid-19 impacted negatively the healthcare industry resulting in the decline of spinal cord stimulation.

However, an increase in well-established healthcare sectors and the rising awareness among patients of advanced technology for pain management are driving the growth of the market. Ongoing research and investment by the government are also contributing to the growth of the spinal cord stimulators market globally.

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Global Spinal Cord Stimulators Market: Segmentation

The Spinal Cord Stimulators Market is segmented based on disease indication, product, end-user, and region. On the basis of disease indication, the Spinal Cord Stimulators Market is segmented into complex regional pain syndrome (CRPS), failed back surgery syndrome (FBSS), degenerative disc disease, and others. Based on the product, the Spinal Cord Stimulators Market is bifurcated into non-rechargeable and rechargeable. On the basis of end-user, the Spinal Cord Stimulators Market is bifurcated into ambulatory surgical centers, hospitals, and specialty clinics.

Global Spinal Cord Stimulators Market: Regional Analysis

North America is expected to contribute to the maximum share in the global spinal cord stimulators market over the forecast period due to factors such as emerging guidelines by the government, favorable health reimbursements, and the adoption of advanced technologies.

The Asia Pacific is forecasted to be the fastest growing region owing to the rise in the number of patients and the rise in preference of the patients for advanced technologies & noninvasive methods for the treatment of neuropathic pain.

Global Spinal Cord Stimulators Market: Report Scope:

Global Spinal Cord Stimulators Market: Competitive Players

Some of the key players in the Spinal Cord Stimulators Market are Boston Scientific Corporation, Medtronic, Abbott, Nevro Corporation, Saluda Medical Pvt Ltd, Nuvectra Corporation, Neuros Medical, Stimwave LLC, NeuroSigma, Synapse Biomedical Inc., and Cook Medical. The key players are forming various strategies such as product launches, collaborations, product development, and partnerships to gain a competitive advantage in the market.

The global Spinal Cord Stimulators Market is segmented as follows:

Disease Indication

• Complex Regional Pain Syndrome (CRPS)
• Failed Back Surgery Syndrome (FBSS)
• Degenerative Disc Disease
• Others

Product

• Non-Rechargeable
• Rechargeable

End - User

• Ambulatory Surgical Centers
• Hospitals
• Specialty Clinics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa