Spinal Cord Stimulators Market Share Analysis & Forecast 2028

Data Bridge Market Research analyses that the spinal cord stimulators market which was USD 2.1 billion in 2021, would rocket up to USD 3.92 billion by 2029, and is expected to undergo a CAGR of 8.1% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Spinal Cord Stimulators Market survey report helps examine the market based on market share, product, and product share. It also evaluates the market on the basis of end-users and applications and focus on the growth rate of each application. This market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Analysis and estimation of important industry trends, market size, and market share are mentioned in the market report. The usefulness of SWOT analysis and Porter's Five Forces analysis in generating market research report makes it preferable by the businesses and hence also used while preparing the winning Spinal Cord Stimulators Market report.

MARKET DEFINITION

The spinal cord stimulator (SCS), also known as the dorsal column stimulator, is an implanted neuromodulation device used to relieve chronic pain in the human body. The device puts out electric signals that block pain signals, preventing the brain from recognizing the pain. The dorsal column stimulator (DCS) is another name for the spinal cord stimulator (SCS). An electric pulse generator is part of the system. The spinal cord stimulator's operation is based on pain control therapy. The spinal cord stimulator blocks pain signals from reaching the brain, preventing the brain from recognizing the pain. The device has favorable, symptomatic, and long-term results in sciatica, cervical radiculopathy, failed back surgery syndrome (FBSS), reflex sympathetic dystrophy, and arachnoiditis.

COVID-19 Impact on Spinal Cord Stimulators Market

Across the country, the COVID-19 epidemic had a significant influence on elective and non-urgent procedures. As a result, the government chose to postpone the surgeries, potentially slowing the growth of the global spinal cord stimulators (SCS) market. Other than the COVID pandemic, the spinal cord stimulators (SCS) market faces significant challenges, including product recalls, adverse effects and hazards related to the devices, and the high cost of the devices.

Recent Development

• In January 2018, Nevro Corp stated that its spinal cord stimulation device, the Senza II Spinal Cord Stimulation (SCS) System, which delivers HF10 therapy, had been approved by the U.S Food and Drug Administration.
• In January 2017, Abbott announced the purchase of St. Jude Medical Inc., which included the company's complete product portfolio as well as its pharmaceuticals sector. A global leader in medical equipment is projected to emerge with this transaction.

SPINAL CORD STIMULATORS MARKET SEGMENTATION

By Product

• Rechargeable Spinal Cord Stimulator Systems
• Non-Rechargeable Spinal Cord Stimulator Systems

By Application

• Sciatica
• FBS (Failed Back Syndrome)
• Arachnoiditis
• Degenerative Disk Disease
• Others

SPINAL CORD STIMULATORS MARKET COUNTRY LEVEL ANALYSIS

• The countries covered in the Spinal Cord Stimulators Market report are
 U.S.
 Canada
 and Mexico in North America
 Germany
 U.K.
 France
 Italy
 Spain
 Netherlands
 Switzerland
 Russia
 Belgium
 Turkey
 and Rest of Europe
 China
 Japan
 India
 South Korea
 Singapore
 Malaysia
 Australia
 Thailand
 Indonesia
 Philippines and Rest of Asia-Pacific in the Asia-Pacific (APAC)
 Saudi Arabia
 U.A.E
 South Africa
 Egypt
 Israel
 and Rest of the Middle East and Africa
 Brazil
 Argentina

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KEY MARKET COMPETITORS COVERED IN THE REPORT

• Nevro Corp. (U.S)
• St. Jude Children's Research Hospital (U.S)
• Synapse Biomedical Inc (U.S)
• NeuroSigma Inc (U.S)
• Medtronic (U.S)
• Greatbatch (U.S)
• NDI Medical LLC (U.S)
• NeuroPace Inc. (U.S)
• Abbott (U.S)
• Autonomic Technologies Inc. (Germany)
• Beijing PINS Medical Co., Ltd (China)
• Cirtec Medical Corporation (U.S)
• Boston Scientific Corporation (U.S)
• Stimwave LLC (U.S)
• Saluda Medical Pty Ltd.(U.S)

RESEARCH METHODOLOGY OF SPINAL CORD STIMULATORS MARKET

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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