Spinal Cord Stimulation Devices Market Scope
Spinal cord stimulation devices are used for treating chronic pain by modifying and blocking the pain signals before they reach the brain to relieve severe intractable pain. According to the National Institute of Neurological Disorders and Stroke (NINDS), 90.0% of cases complex of regional pain syndrome occur due to trauma and injury. Thus, the increasing number of patients suffering from chronic neuropathic pain drive market growth. Further, market players are focusing on new product development and technological advancements in the spinal cord simulators propelling market growth.
The market study is being classified by Type (Rechargeable and Non-Rechargeable), by Application (Degenerative disk disease (DDD), Failed back syndrome (FBS), Multiple back operations, Unsuccessful disk surgery, Complex regional pain syndrome (CRPS) and Arachnoiditis or lumbar adhesive Arachnoiditis) and major geographies with country level break-up. According to AMA, the Global Spinal Cord Stimulation Devices market is expected to see growth rate of 5.12%
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Spinal Cord Stimulation Devices market throughout the predicted period.
Boston Scientific (United States), Medtronic plc (Ireland), Nevro corp. (United States), St. Jude Medical (United States), Greatbatch Medical (United States), Synapse Biomedical, Inc. (United States), Neurosigma, Inc. (United States), Neuropace, Inc. (United States) and Neuronetics, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cyberonics, Inc. (United States), Stimwave (United States) and BioControl Medical (Israel).
AdvanceMarketAnalytics has segmented the market of Global Spinal Cord Stimulation Devices market by Type, Application and Region.
On the basis of geography, the market of Spinal Cord Stimulation Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Spinal Cord Stimulation Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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.
“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."
- Technological Advancement in the Spinal Cord Stimulators
- Development of Spinal Cord Simulators with Wireless Remote Techniques
- Increasing Number of Patients with Neurological Disorders
- Growing Prevalence of Failed Back Syndrome
- Increasing Demand of Rechargeable Spinal Cord Stimulation Devices
- Growing Healthcare Infrastructure in the Developing Economies
- Stringent Government Regulations Regarding Medical Devices
- Lack of Skilled Medical Professionals
- Lack of Awareness in the Emerging Countries
Key Target Audience
Spinal Cord Stimulation Device Manufacturers, Spinal Cord Stimulation Devices Suppliers, Associations and Industrial Bodies, Healthcare Institutes, Government and Research Organizations, Market Research and Consulting Firms and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase