Spinal Cord Stimulation Market Poised to Grow at a CAGR of 7.5% by 2024

Spinal Cord Stimulation Market Poised to Grow at a CAGR of 7.5% by 2024


Infinium Global Research has added a new report on Spinal Cord Stimulation Market. The report presents analysis of global as well as regional markets of spinal cord stimulation market over the period of 2016 to 2024.

The spinal cord stimulation is a neurostimulation therapy used to treat the certain pain condition like chronic pain by blocking the pain signals before they reach to the brain with the help of spinal cord stimulators. A spinal cord stimulator devices implanted under the patients skin, sends the electric signals to the specific areas of spinal cords to treat the pain. When the device is turned on, it modify the pain signal before it reaching to the brain. A spinal cord stimulator device contains a small wire that carries the current (or electrical signals) and transmit it towards the nerve fibers of the spinal cord.

 

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 the chronic back pain are the sizable factors that drive the growth of spinal cord stimulation market. In addition, growing geriatric population, and rising demand for minimally invasive surgeries also contributes towards the growth of 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 is expected to improve the market profitability and able to serve more opportunities in upcoming years.

Geographically, North America accounted for the highest share in the spinal cord stimulation market. In North America region the prevalence of chronic back pain is more that creates the demand of spinal cord stimulation among the population. According to the National Institute of Neurological Disorder and Stroke, 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 American Chiropractic Association. The Asia-pacific is expected to grow at the highest CAGR owing to rising demand of minimal intensive surgeries, improving healthcare infrastructure and healthcare expenditure

 

Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global spinal cord stimulation market but also make strategic decisions to capture the most lucrative markets in the near future.


The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global spinal cord stimulation market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1339

 

 

The recent report identified that dominated the global spinal cord stimulation market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the spinal cord stimulation market worldwide.


The report segments the global spinal cord stimulation market on the basis of Products, Application and End User.

 

Global Spinal Cord Stimulation Market by Products

·         Rechargeable

·         Non-Rechargeable

 

Global Spinal Cord Stimulation Market by Application

·         Failed Back Surgery Syndrome

·         Ischemic Limb Pain

·         Complex Regional Pain Syndrome

·         Others

 

Global Spinal Cord Stimulation Market by End User

·         Clinics

·         Hospitals

·         Ambulatory Surgical Units

 

Companies Profiled in the Report

·         ST. JUDE MEDICAL

·         Boston

·         Medtronic

·         Stimwave

·         Nevro

·          Greatbatch

·         others

 

About Infinium Global Research

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