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Global Spinal Cord Neurostimulation Implant Market Growing at a CAGR of 15.15% to Reach USD 14,241.3 Million By 2030 | Infinium Global Research
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Market Insights and Growth Drivers
The spinal cord neurostimulation implant market is anticipated to witness robust growth driven by the adoption of advanced pain management systems in developed nations. Chronic pain significantly impacts daily activities and recovery, particularly post spinal cord surgery. Spinal cord stimulation (SCS), an FDA-approved technique, involves the continuous application of a low-voltage electrical current to the spinal cord, effectively blocking pain sensations. The widespread acceptance of SCS has resulted in approximately 50,000 neurostimulators being implanted worldwide annually.
Increasing incidences of spinal cord injuries, chronic back pain, and neurological disorders are key factors propelling market growth. With data from the WHO indicating between 250,000 to 500,000 annual spinal cord injury cases, the demand for advanced pain management systems has escalated. The effectiveness of spinal cord neurostimulation implants for long-term pain management over conventional treatments, especially for chronic leg and back pain, further fuels market expansion.
Market Challenges and Opportunities
Despite its promising growth trajectory, the high cost associated with devices and maintenance poses challenges to market expansion. However, increasing awareness among individuals and improvements in reimbursement policies present promising opportunities for market growth.
Geographical Landscape and Market Segmentation
The market is segmented across North America, Europe, Asia-Pacific, and RoW. North America, particularly the U.S., commands the largest market share, expected to sustain dominance due to advanced healthcare facilities, robust research funding, and well-established reimbursement policies. Meanwhile, Asia-Pacific anticipates steady growth, hindered by high treatment costs and inadequate reimbursement policies.
Segmentation Analysis
The report delves into comprehensive market segments including SCS systems (conventional, radiofrequency, rechargeable), lead types (paddle leads, cylindrical leads), applications (sciatica, degenerative disk disease, failed back surgery syndrome, and others), and end-users (hospitals, physiotherapy centers, ambulatory surgical centers, among others).
Key Market Players
Profiles of leading market players including Boston Scientific Corporation, Medtronic, Inc., Nevro Corporation, and others are outlined in the report. These companies are pivotal contributors shaping the dynamic landscape of the spinal cord neurostimulation implant market.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Spinal Cord Neurostimulation Implant Market Highlights
2.2. Spinal Cord Neurostimulation Implant Market Projection
2.3. Spinal Cord Neurostimulation Implant Market Regional Highlights
Chapter 3. Global Spinal Cord Neurostimulation Implant Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by SCS Systems
3.4.2. IGR-Growth Matrix Analysis by Lead Type
3.4.3. IGR-Growth Matrix Analysis by Applications
3.4.4. IGR-Growth Matrix Analysis by End User
3.4.5. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Spinal Cord Neurostimulation Implant Market
Chapter 4. Spinal Cord Neurostimulation Implant Market Macro Indicator Analysis
Chapter 5. Global Spinal Cord Neurostimulation Implant Market by SCS Systems
5.1. Conventional System
5.2. Radiofrequency System
5.3. Rechargeable System
Chapter 6. Global Spinal Cord Neurostimulation Implant Market by Lead Type
6.1. Paddle Leads
6.2. Cylindrical Leads
Chapter 7. Global Spinal Cord Neurostimulation Implant Market by Applications
7.1. Sciatica
7.2. Degenerative Disk Disease (DDD)
7.3. Failed Back Surgery Syndrome (FBS)
7.4. Other Applications
Chapter 8. Global Spinal Cord Neurostimulation Implant Market by End User
8.1. Hospitals
8.2. Physiotherapy Centers
8.3. Ambulatory Surgical Centers
8.4. Other End Users
Chapter 9. Global Spinal Cord Neurostimulation Implant Market by Region 2023-2030
9.1. North America
9.1.1. North America Spinal Cord Neurostimulation Implant Market by SCS Systems
9.1.2. North America Spinal Cord Neurostimulation Implant Market by Lead Type
9.1.3. North America Spinal Cord Neurostimulation Implant Market by Applications
9.1.4. North America Spinal Cord Neurostimulation Implant Market by End User
9.1.5. North America Spinal Cord Neurostimulation Implant Market by Country
9.2. Europe
9.2.1. Europe Spinal Cord Neurostimulation Implant Market by SCS Systems
9.2.2. Europe Spinal Cord Neurostimulation Implant Market by Lead Type
9.2.3. Europe Spinal Cord Neurostimulation Implant Market by Applications
9.2.4. Europe Spinal Cord Neurostimulation Implant Market by End User
9.2.5. Europe Spinal Cord Neurostimulation Implant Market by Country
9.3. Asia-Pacific
9.3.1. Asia-Pacific Spinal Cord Neurostimulation Implant Market by SCS Systems
9.3.2. Asia-Pacific Spinal Cord Neurostimulation Implant Market by Lead Type
9.3.3. Asia-Pacific Spinal Cord Neurostimulation Implant Market by Applications
9.3.4. Asia-Pacific Spinal Cord Neurostimulation Implant Market by End User
9.3.5. Asia-Pacific Spinal Cord Neurostimulation Implant Market by Country
9.4. RoW
9.4.1. RoW Spinal Cord Neurostimulation Implant Market by SCS Systems
9.4.2. RoW Spinal Cord Neurostimulation Implant Market by Lead Type
9.4.3. RoW Spinal Cord Neurostimulation Implant Market by Applications
9.4.4. RoW Spinal Cord Neurostimulation Implant Market by End User
9.4.5. RoW Spinal Cord Neurostimulation Implant Market by Sub-region
Chapter 10. Company Profiles and Competitive Landscape
10.1.Competitive Landscape in the Global Spinal Cord Neurostimulation Implant Market
10.2.Companies Profiles
10.2.1. Boston Scientific Corporation
10.2.2. Medtronic, Inc.
10.2.3. Nevro Corporation
10.2.4. Neurosigma, Inc.
10.2.5. Neuropace, Inc.
10.2.6. St. Jude Medical Inc.
10.2.7. Aleva Neurotherapeutics SA
10.2.8. Synapse Biomedical, Inc.
10.2.9. Neuronetics, Inc.
10.2.10. Cyberonics, Inc.
10.2.11. Other Companies
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of Spinal Cord Neurostimulation Implant.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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