Spinal Cord Stimulation Market (Products- Rechargeable, Non-Rechargeable; Application - Failed Back Surgery Syndrome, Ischemic Limb Pain, Complex Regional Pain Syndrome; End User – Clinics, Hospitals, Ambulatory Surgical Units): Global Industry Analysis, Trends, Market Size, and Forecasts up to 2024. The global spinal cord stimulation market is projected to grow at a CAGR of 7.5% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 05/02/2019 -- Spinal Cord Stimulation Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of spinal cord stimulation market by-products(rechargeable and non-rechargeable), application(failed back surgery syndrome, ischemic limb pain, complex regional pain syndrome and others) and end user(clinics, hospitals and ambulatory surgical units) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the spinal cord stimulation market it includes the five years industry analysis and the 6 years annual forecast from 2018 to 2024. Some of the prominent participants in the global spinal cord stimulation market are ST. JUDE MEDICAL, Boston, Medtronic, Stimwave, Nevro, Greatbatch, and others. The global spinal cord stimulation market is projected to grow at a CAGR of 7.5% over the forecast period of 2018-2024.
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Spinal Cord Stimulation Market: Insights
The spinal cord stimulation is a neurostimulation therapy used to treat a certain pain condition like chronic pain by blocking the pain signals before they reach the brain with the help of spinal cord stimulators. A spinal cord stimulator devices implanted under the patient's skin, send the electric signals to the specific areas of spinal cords to treat the pain. When the device is turned on, it modifies the pain signal before it reaches the brain. A spinal cord stimulator device contains small wire that carries the current (or electrical signals) and transmits it towards the nerve fibers of the spinal cord.
Spinal Cord Stimulation Market: Drivers and Restraints
According to WHO, around the world, between 250,000 and 500,000 people suffer from spinal cord injury (SCI) every year. The rising incidence of spinal cord injuries, neurological disorder, and chronic back pain are the sizable factors that drive the growth of the spinal cord stimulation market. In addition, growing geriatric population, and rising demand for minimally invasive surgeries also contributes towards the growth of the spinal cord stimulation market. However, the high treatment cost and government regulations are hampering the market growth. Moreover, ongoing research and development in the spinal cord stimulation are expected to improve the market profitability and able to serve more opportunities in upcoming years.
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Spinal Cord Stimulation Market: Regional Analysis
Geographically, North America accounted for the highest share in the spinal cord stimulation market. In the North America region, the prevalence of chronic back pain is more that creates the demand for spinal cord stimulation among the population. According to the National Institute of Neurological Disorder and Stoke, about 80 percent of adults experience low back pain at any given time. In the U.S. 31 million people in the U.S. experience lower back pain says the American Chiropractic Association. The Asia-pacific is expected to grow at the highest CAGR owing to the rising demand for minimal intensive surgeries, improving healthcare infrastructure and healthcare expenditure.
Spinal Cord Stimulation Market: Segmentation
The report on global spinal cord stimulation market covers segments such as products, application, and end user. On the basis of products, the global spinal cord stimulation market is categorized into rechargeable and non-rechargeable. On the basis of application, the global spinal cord stimulation market is categorized into failed back surgery syndrome, ischemic limb pain, complex regional pain syndrome, and others. On the basis of end user, the global spinal cord stimulation market is categorized into clinics, hospitals and ambulatory surgical units.
Spinal Cord Stimulation Market: Competitive Landscape
The report provides profiles of the companies in the global spinal cord stimulation market such as ST. JUDE MEDICAL, Boston, Medtronic, Stimwave, Nevro, Greatbatch, and others.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the spinal cord stimulation.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.