“In 2014, Food and Drug Administration (FDA) approved spinal cord stimulation (SCS) as a treatment for failed back surgery syndrome (FBSS), chronic pain, complex regional pain syndrome, intractable angina, as well as visceral abdominal and perineal pain and pain in the extremities from nerve damage."
The article cited AMA's "Global Spinal Cord Stimulation Devices Market Study" explored CAGR of 5.12%. According to the report, Technological Advancement in the Spinal Cord Stimulators
is one of the primary growth factors for the market. Increasing Number of Patients with Neurological Disorders
is also expected to contribute significantly to the Spinal Cord Stimulation Devices market. Overall, Degenerative disk disease (DDD)
applications of Spinal Cord Stimulation Devices, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End User, such as Hospitals, is boosting the Spinal Cord Stimulation Devices market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Spinal Cord Stimulation Devices market identified that the demand is rising in many different parts of the world as "Increasing Demand of Rechargeable Spinal Cord Stimulation Devices
". Furthermore, some recent industry insights like "31st January 2019, Boston Scientific Corporation, manufacturer of medical devices launched the Spectra WaveWriter Spinal Cord Stimulator (SCS) System in Europe. The system offers numerous non-drug therapies for patients with chronic pain." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Spinal Cord Stimulation Devices market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Spinal Cord Stimulation Devices market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.