Global Spinal Cord Stimulation Market Size to Grow at a CAGR of 8.10% in the Forecast Period of 2023-2028
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Spinal Cord Stimulation Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 2.71 billion
• Forecast CAGR (2023-2028): 8.10%
• Forecast Market Size (2028): USD 4.32 billion
The increasing prevalence of complex regional pain syndrome (CRPS), degenerative disc disease (DDD), and spinal cord-related conditions, is driving the global spinal cord stimulation market. The growing cases of chronic pain among the working population, induced by the sedentary lifestyles, lack of proper nutrition, and increasing prevalence of injuries, are further escalating the hospitalisation rates.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/spinal-cord-stimulation-market/requestsample
The rising awareness pertaining to the benefits offered by spinal cord stimulation, which includes greater chances of improvement of quality of life, lower pain levels in the patient's body, targeted relief, little or no side effects, and no need for refills, among others, is boosting the demand for spinal cord stimulators across the healthcare units. Moreover, the increasing inclination towards minimally invasive procedures and growing restrictions on opioid medication for pain relief are the crucial drivers fuelling the spinal cord stimulation market.
Approvals by various governments, along with positive feedback of patients are encouraging spinal cord stimulation, adding to the market growth. The increasing geriatric population and surge in the cases of failed back surgery syndrome (FBSS) and ischemic limb pain are expected to propel the demand for efficient spinal cord stimulation treatment infrastructure across hospitals and ambulatory surgical centres.
Spinal Cord Stimulation Industry Definition and Major Segments
Spinal cord stimulation is defined as a process in which a spinal cord stimulator is placed surgically under the skin, transmitting low electricity levels to the spinal cord to reduce pain caused due to an injury or condition. It is an effective pain treatment procedure which decreases pain and can be used with other treatments, reducing the need for drugs.
Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/spinal-cord-stimulation-market
Based on type, the market is bifurcated into:
• Non- Rechargeable
By disease, the market is segmented into:
• Failed Back Surgery Syndrome (FBSS)
• Degenerative Disc Disease (DDD)
• Complex Regional Pain Syndrome (CRPS)
• Ischemic Limb Pain
On the basis of end user, the market is divided into:
• Ambulatory Surgical Units
• Specialty Clinics
Based on region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Spinal Cord Stimulation Market Trends
The key trends in the global spinal cord stimulation market include the growing research and development activities aimed towards developing therapies and medications targeted towards specific neurological areas of the body. In addition, technological advancements are being carried out which are targeted towards making spinal cord stimulators more compact and efficient, increasing the reliability of this procedure. The increasing penetration of internet of things (IoT) across the healthcare infrastructure is another critical trend of the market enabling wireless connectivity using smartphones and computing systems, improving accuracy.
Growing healthcare expenditure, rising population, increasing health awareness, and favourable reimbursement policies of various governments are encouraging the populations to go for regular check-ups. Increasing efforts by various governments to improve treatment and diagnostic facilities across the healthcare units are anticipated to bolster the market growth of spinal cord stimulation in the forecast period.
In geographical terms, North America and Europe hold a significant share in the market, owing to the policies of the governments in the regions against opioid medication which are leading to a transition towards alternatives for pain relief. High healthcare expenditure across the well-established economies of these regions is another factor propelling the spinal cord stimulation market.
Key Market Players
The major players in the global spinal cord stimulation market report are
• Abbott Laboratories
• Medtronic Plc
• Boston Scientific Corporation
• Nevro Corp.
• Stimwave LLC
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Fulvic Acid Market: https://localdigitalbusiness.org/fulvic-acid-market-report/
Matcha Tea Market: https://nboxoffice.com/matcha-tea-market-size-share-price-trends-growth-industry-report-forecast-2023-2028/
Dried Fruits Market: https://edgeoverweb.com/business/global-dried-fruits-market-size-share-price-trends-growth-industry-report-forecast-2023-2028/
Pest Control Market: https://tweakvipapp.com/global-pest-control-market-size-share-price-trends-growth-industry-report-forecast-2023-2028/
Backhoe Loaders Market: https://ultimatetech.co.in/global-backhoe-loaders-market-report/
Global Hydrazine Hydrate Market: https://www.expertmarketresearch.com/reports/hydrazine-hydrate-market
India Aquafeed Market: https://www.expertmarketresearch.com/reports/india-aquafeed-market
Global Matcha Tea Market: https://www.expertmarketresearch.com/reports/matcha-tea-market
North America Refurbished Retail Market: https://www.expertmarketresearch.com/reports/north-america-refurbished-retail-market
Europe Automotive Extended Warranty Market: https://www.expertmarketresearch.com/reports/europe-automotive-extended-warranty-market
Company Name: Claight Corporation
Contact Person: Alex, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
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 Global Spinal Cord Stimulation Market Size to Grow at a CAGR of 8.10% in the Forecast Period of 2023-2028 here
News-ID: 2995466 • Views: …
More Releases from Expert Market Research
Global Asset Performance Management Market Size, Share, Growth, Industry Segment …
According to a new report by Expert Market Research titled, "Asset Performance Management Market Size, Share, Analysis, Report and Forecast 2024-2032″, In the ever-evolving landscape of industries, Asset Performance Management (APM) stands out as a crucial component for organizations striving to optimize operational efficiency, reduce downtime, and enhance overall productivity. As we venture into the forecast period of 2024-2032, it's imperative to delve deeper into the market dynamics, trends, and key
Carbon Footprint Management Market Share, Size, Trends, Growth, Outlook, Analysi …
Carbon Footprint Management Market Outlook According to a new report by Expert Market Research titled, "Carbon Footprint Management Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global carbon footprint management market is projected to grow at a CAGR of 6.3% between 2024 and 2032. Aided by the escalating global concerns regarding climate change and the subsequent focus on sustainable business practices, the market is expected to grow significantly by 2032. Get
Exploring Growth Opportunities and Market Dynamics in the India POS Device Marke …
The India POS (Point of Sale) device market is experiencing rapid growth due to increasing digitalization, government initiatives promoting cashless transactions, and a surge in retail and e-commerce sectors. With the rising adoption of smartphones and internet penetration, mobile POS systems are becoming popular. The market is characterized by the presence of both international and domestic players offering innovative solutions to cater to the diverse needs of businesses. Factors such
Ceramic Matrix Composites Market Share, Size, Trends, Analysis, Growth, Outlook, …
Ceramic Matrix Composites Market Outlook According to a new report by Expert Market Research titled, "Ceramic Matrix Composites Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global ceramic matrix composites market is projected to grow at a CAGR of 13% between 2024 and 2032. Aided by the escalating demand in aerospace, automotive, and energy sectors, the market is expected to grow significantly by 2032. Get a Free Sample Report with Table
More Releases for Market:
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned? In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects. The International Technology Roadmap for Semiconductors (ITRS) has emphasized
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by
Global Organic Food & Beverage Market | Market Size, Market Share, Market Trends …
The term 'organic' has gained much popularity since the last decade, which refers to the process of how certain foods are produced. Organic food is grown without the use of synthetic chemicals, such as human-made pesticides and fertilizers, and does not contain genetically modified organisms (GMOs). According to the recently published report titled, 'Global Organic Food & Beverage Outlook, 2026', by Bonafide Research the organic foods & beverage industry has
Robotic Cardiology Surgery Market Insights Includes Market Share, Market Researc …
Robotic Cardiology Surgery Market Global demand for cardiac surgery robots in 2025 will explode to $XXX billion. This represents an astonishing XX% growth yearly in terms of annual revenue between 2016 and 2025, and a cumulative market total of $7.50 billion during 2017-2025 owing to the substantial increase of robot-based and computer-assisted cardiological surgery procedures for heart disorders. Global Robotic Cardiology Surgery Market 2016-2025: Market Size, Share, Forecast and Strategy is based
Educational Robots Market, Market Segmentation, Market Report, Market Forecast
Global Educational Robots market valued USD 670 Million in 2017 and is likely to grow more than USD 2339.8 Million by 2025 with a compounded annual growth of 16.92% over the forecast period 2018-2025. The market growth is primarily driven by technological enhancements in the field of robotics and increasing use of robots for educational purposes. However, high initial research and development expenses hamper market growth. The main function of