openPR Logo
Press release

Spinal Cord Stimulation Market to Gain Enormous Momentum; Surging Geriatric Population to Contribute Impetus, states Fortune Business Insights™

08-27-2021 01:15 PM CET | Health & Medicine

Press release from: Fortune Business Insight

The global “spinal cord stimulation market” is expected to reach USD 4.12 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. The increasing acceptance of minimally invasive therapies can have a tremendous impact on the global market, states Fortune Business Insights, in a report, titled “Global Spinal Cord Stimulation Market Size, Share & COVID-19 Impact Analysis, By Product (Rechargeable and Non-rechargeable), By Disease Indication (Failed Back Surgery Syndrome (FBSS), Degenerative Disc Disease (DDD), Complex Regional Pain Syndrome (CRPS), Arachnoiditis, and Others) By End User (Hospitals, Ambulatory Surgery Centers, and Specialty Clinics), 2020-2027.” The market size stood at USD 2.88 billion in 2019.

The coronavirus incident has caused massive loss and disruption to various industries across the globe. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain this global pandemic.

Request a Sample Copy of the Research Report

https://www.fortunebusinessinsights.com/enquiry/sample/spinal-cord-stimulation-market-100313

The report on the spinal cord stimulation market contains:

Outstanding investigation of the market
Vital insights into the competitive landscape
Factors restricting market growth
Recent trends and development
Prime factors enabling growth
New government regulations
An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Rescheduling of Effective Surgeries to Restrict Market Amid COVID-19

The postponement of selective and non-urgent surgeries by the government to administer COVID-19 patients has subsequently affected the growth of the market. According to COVIDSurg, around 28.4 million surgeries were canceled or postponed during the peak of 12 weeks of disruption due to COVID‐19. Many companies operating in the market reported a major drop in revenue during the pandemic. For instance, Abbott’s neuromodulation segment reported a 30.1% decline in the global revenues during the first quarter of 2020 when compared to the same period in 2019. Similarly, the neuromodulation segment of Boston Scientific Corporation witnessed a 24.6% decline in sales globally during the first six months of 2020 when compared to the same period in 2019.

Have Any Query? Ask Our Experts

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/spinal-cord-stimulation-market-100313

Market Driver:

Favorable Government Guidelines to Intensify Market

The favorable policies pertaining to spinal cord stimulation therapy is expected to bolster the healthy growth of the market. Numerous government associations are introducing guidelines for the treatment of chronic pain and other disease indications, which, in turn, will aid the expansion of the market. For instance, in January 2019, National Institute for Health and Care Excellence published guidelines and recommendations for the Senza SCS system, which delivers HF10 therapy to treat patients having neuropathic pain. Moreover, the rising shift towards non-opioid alternative therapies coupled with high demand for spinal cord stimulation will uplift the market in the near future. For instance, in 2018, the FDA received over 200 submissions from companies seeking a speedy approval process for devices that can be used in place of opioids for pain management.

Quick Buy Spinal Cord Stimulation Market

https://www.fortunebusinessinsights.com/checkout-page/100313

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:sales@fortunebusinessinsights.com

LinkedIn | Twitter | Blogs

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Spinal Cord Stimulation Market to Gain Enormous Momentum; Surging Geriatric Population to Contribute Impetus, states Fortune Business Insights™ here

News-ID: 2371106 • Views: 127

More Releases from Fortune Business Insight

Global Aerostructure Market to Exhibit a CAGR of 4.07% from 2019-2026; Increasin …
The global aerostructures market will benefit from the increasing demand for improved and reliable aircraft structures across the world. According to a report published by Fortune Business Insights, titled “Aerostructure Market Size, Share & Industry Analysis, By Component (Wings, Nose, Fuselage, Nacelle, Empennage & Pylon and Others), By Material (Metals, Composites and Alloys), By Platform (Fixed-wing aircraft (Commercial Aircraft, Military Aircraft, and UAV’s) and Rotary-wing Aircraft (Commercial Aircraft, Military Aircraft,
Global Hospital Architecture Market to Show Remarkable Growth, Bolstered by Risi …
The increasing number of health issues and the need for better medical facilities are anticipated to create lucrative growth opportunities for the global hospital architecture market, finds Fortune Business Insights in their new study. The study is titled, “Hospital Architecture Market: Global Market Analysis, Insights, and Forecasts, 2019 – 2025.” Advanced Hospital Set-up Buildings to Promote Future Market Growth On account of various health issues prevalent around the world, the hospital architecture
Alpha-1 Antitrypsin Deficiency Treatment Market: Increasing Recommendations For …
The rising prevalence of “alpha-1 antitrypsin deficiency” is expected to aid growth of the global alpha-1 antitrypsin deficiency treatment market, says Fortune Business Insights in a report, titled “Alpha-1 Antitrypsin Deficiency Treatment Market Size, Share and Global Trend By Drug Class (Alpha-1 proteinase inhibitor, Bronchodilators, Steroids, Antibiotics), By Route of Administration (Oral, Injection, Inhalation), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Stores) and Geography Forecast till 2026.” The emerging
Sterilization Indicator Tape Market to Hit USD 171.5 Million in 2028; Usage of S …
The global sterilization indicator tape market is set to gain momentum from the rising usage of steam autoclaves for purifying surgical instruments, such as lancets, forceps, and scalpels. The National Center for Biotechnology Information declared that when used for 3-12 hours, chemicals, namely, hydrogen peroxide (7.5%), glutaraldehyde (≥2.4%), and peracetic acid (PAA) (0.2%) can sterilize instruments. As per a report by Fortune Business Insights™, titled, “Sterilization Indicator Tape Market, 2021-2028,”

All 5 Releases


More Releases for Insights™

Market Insights Reports
The Global Liquid Metal Market Research Report Forecast 2021 – 2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the Liquid Metal market and offers a clear assessment of the projected market fluctuations during the forecast period. The
Market Insights Reports
Global IoT Analytics Market Size, Status And Forecast 2020-2026 Global IoT Analytics Market Size research report with COVID-19 impact is considered to be an extremely intelligent and deep assessment of the present industrial conditions along with the overall IoT Analytics market size estimated from 2020 to 2026. The study report also showcases a comprehensive analysis of the leading business programs, IoT Analytics future market share, and business-oriented planning, etc. The report
Insights Engines Market Approachable Trends Insights 2025
Global Insight Engines Market: Overview Information at fingertips is of great essence for organizations. For instance, readily available information can help in training new joiners and fetching updates from a coworker at remote or approachable location. Simply put – it can act a personal assistant for every employee. And how about not at the fingertips but a voice command. That is what insight engines are for – a Natural Language Processing
Cardiovascular Drugs Market | Insights
Some of the common cardiovascular diseases include hypertensive heart disease, rheumatic heart disease, ischemic heart disease, inflammatory heart disease, and cerebrovascular heart disease. Major problems associated with hypertensive heart disease include angina, hypertrophy, and heart failure. These problems are caused due to high blood pressure in the heart’s arteries and muscles, which causes narrowing of arteries and thickening and enlargement of heart. The global cardiovascular drug market is primarily driven
Coherent Market Insights
Third party logistics (TPL or 3PL), is a service provider outsourced by a company in a supply chain management or logistic. Increasing globalization for trade offers manufacturing companies with a worldwide networking platform. Companies majorly focus on keeping up with their productivity, and thus rely on third party logistics to suffice their transportation and packaging. This in turn, has driven growth of the market for third part logistics. Growing e-commerce
Future Market Insights
Future Market Insights (FMI), in its recent report titled, “N-Methyl-2-Pyrrolidone (NMP) Market: Global Industry Analysis & Opportunity Assessment, 2014 - 2020”, forecasts that the global N-Methyl-2-Pyrrolidone market will witness a steady CAGR of 4.7% between 2015 and 2020. NMP accounted for around US$ 660 Mn of the US$ 3.2 trillion generated by the global chemicals market in 2013, and FMI estimates it to reach a valuation of US$ 985 Mn