The Spinal Card Stimulation market is computable to achieve USD 2,998.2 Million by the end of 2022
Hyderabad, India -- (SBWIRE) -- 01/10/2018 -- According to a new report by Market Data Forecast, Inc, The Spinal Card Stimulation Market was worth USD 1,871.6 Million in 2016 and projected to reach USD 2,998.2 Million by the end of 2022 with a growth rate of 8.6%. Owing to increasing applications in numerous pain management conditions, the demand for the Spinal Cord Stimulation has been growing rapidly. It's a tiny low device established within the body to transmit an electrical current to the neural structure. Once it activates, the stimulation feels as a gentle tickly in the space of pain. It helps the patients to manage symptoms and can decrease the pain undoubtedly.
The major factors that are responsible for driving the expansion of the market are growing geriatric population, rising demand for minimally invasive surgeries, innovation of latest technologies & therapies. However, high price and tight regulative approvals are restraining the growth of spinal card Stimulation market.
Based on Application, the Spinal Card Stimulation market is classified into Failed Back Syndrome (FBS), Complex Regional Pain Syndrome (CRPS), and lumbar adhesive Arachnoiditis, Degenerative Disk Disease (DDD), Unsuccessful Disk Surgery, Multiple Back Operations, Degenerative Disk Disease (DDD). Based on product type, the market is divided as rechargeable, non-rechargeable. Based on End-users, the market is segregated into Hospitals and, Ambulatory Surgery Centers (ASC's).
Browse full research report with TOC on " Spinal Cord Stimulation (SCS) Market By Application - (Degenerative Disk Disease (DDD), Failed Back Syndrome (FBS), Unsuccessful Disk Surgery, Complex Regional Pain Syndrome (CRPS), Multiple Back Operations, And Lumbar Adhesive Arachnoiditis), By Product Type – (Non-Rechargeable, Rechargeable), By End Users (Hospitals, Ambulatory Surgery Centers (ASC's)) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017–2022)".
Spinal card stimulation market is consolidated with the subsequent major firms operating within the market are Neuropace, Inc. (U.S.), Synapse Biomedical, Inc. (U.S.),and BioControl Medical (Israel), Cyberonics, Inc. (U.S.), and Medtronic, Inc. (U.S.), Boston Scientific Corporation (U.S.) Neuronetics, Inc. (U.S.), and Nevro Corporation (U.S.), Neurosigma, Inc. (U.S.), St. Jude Medical, Inc. (U.S.).
Based on Geography analysis report by Market data forecast, the Spinal Cord Stimulation market is analyzed under various regions namely Middle East, North America, Europe, Latin America, and the and Asia-Pacific, Africa. North America has the best share of the market followed by Europe and Asia-Pacific owing to the presence of prime makers within the region. Asia-Pacific is accounted to own highest CAGR over the forecast period due to increasing occurrence of pain.
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