Industry Overview of SPG Microstimulator System Market: Report Based on Development, Scope, Share, Trends, Forecast to 2028

The global SPG microstimulator system market is anticipated to grow at a CAGR of 4.8% during the forecast period (2022-2028).

SPG stands for stimulation of sphenopalatine ganglion, which is defined as a nerve bundle behind the bony structure of the nose that has been long known to be related with pain pathways of certain headache disorders, such as cluster headache. The device consists of a stimulator unit and lead wire which is inserted into the nose to reach the SPG. It delivers electrical impulses that stimulate the nerve fibers of the ganglion, which provide pain relief. SPG microstimulator system is aimed at providing relief from the pain of migraine and cluster headache. It is generally given for those patients for whom standard treatment does not prove to be effective or in the case when it is contraindicated. The disease mainly affects men and headache attacks last for few minutes to several hours. The market growth is majorly attributed to the high prevalence of migraine and cluster headache among the global population.

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Further, other neurological disorders, and the growing aging population also contribute to the growing demand for SPG microstimulator systems. Both these factors stimulate vulnerability to episodic unilateral pain in periorbital region thereby augmenting the demand for SPG microstimulator systems. In addition to this, technological advancements in SPG microstimulator systems, along with the growing demand for minimally invasive surgeries are also projected to stimulate the growth of the global SPG microstimulator systems market during the forecast period.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Indication
o By End-User

• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape: Autonomic Technologies, Inc.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global SPG Microstimulator System Market Report by Segment

By Indication
• Migraine
• Cluster Headache
• Others

By End-User
• Hospitals
• Ambulatory Surgical Centers
• Others

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This release was published on openPR.