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Global Spinal Cord Stimulation Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Spinal Cord Stimulation
How Big Is the Spinal Cord Stimulation Market Size Expected to Be by 2034?
In recent times, the market size for spinal cord stimulation has expanded significantly. A growth from $3.14 billion in 2024 is projected to reach $3.42 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this growth in the historic period include an aging population, an increased occurrence of chronic pain, heightened knowledge of spinal cord stimulation, and a growing need for non-invasive techniques for pain management.
Expectations are high for substantial growth in the spinal cord stimulation market size in the upcoming years, with projections suggesting a value of $4.78 billion in 2029 and a Compound Annual Growth Rate (CAGR) of 8.7%. This anticipated growth within the forecast period can be associated with the invention of unique stimulation therapies, an increasing interest and application in spinal cord stimulation, upward trend for minimally invasive techniques, boosted investments in research and development, and supportive reimbursement policies. Predicted trends for the forecast period encompass the application of artificial intelligence in spinal cord stimulation devices, the advent of non-paraesthesia-based stimulation, efforts to broaden market reach in emerging economies, the preference for rechargeable stimulators, and the prioritization of patients in product development.
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What Are the Emerging Segments Within the Spinal Cord Stimulation Market?
The spinal cord stimulation market covered in this report is segmented -
1) By Product: Rechargeable, Non-rechargeable
2) By Application: Failed Back Surgery Syndrome (FBSS), Degenerative Disc Disease (DDD), Complex Regional Pain Syndrome (CRPS), Arachnoiditis, Other Disease Indications
3) By End User: Hospitals, Ambulatory Surgery Centers, Specialty Clinics
Subsegments:
1) By Rechargeable: Implantable Pulse Generators (IPGs), Rechargeable Lead Systems
2) By Non-Rechargeable: Non-Rechargeable Implantable Pulse Generators (IPGs), Non-Rechargeable Lead Systems
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What Long-Term Drivers Are Shaping Spinal Cord Stimulation Market Trends?
There is an anticipated surge in the spinal cord stimulation market due to the escalating cases of spinal cord injuries. Such injuries involve harm to the nerves positioned at the terminal of the spinal canal or the spinal cord itself, often resulting from traumatic events and household mishaps. Spinal cord stimulations, which employ low-intensity electrical currents to mitigate pain by targeting the spinal cord, are commonly used treatments for these injuries. Data from the National Library of Medicine in the United States compiled in May 2022 revealed that an estimated 250,000 to 500,000 individuals globally are affected by spinal cord injuries each year. It was also reported that the US sees nearly 17,000 fresh cases of spinal cord injuries annually, and approximately 282,000 US citizens are believed to be living with spinal cord injury outcomes. These growing instances of spinal cord injuries are consequently driving the enlargement of the spinal cord stimulation market.
Who Are the Top Competitors in Key Spinal Cord Stimulation Market Segments?
Major companies operating in the spinal cord stimulation market include Abbott Laboratories, Medtronic PLC, Stryker Corporation, Boston Scientific Corp., LivaNova PLC, Globus Medical Inc., ZimVie Inc., Avanos Medical Inc. , Nevro Corp., Axonics Modulation Technologies Inc., SPR Therapeutics Inc., BlueWind Medical, Bioness Inc., Saluda Medical Pty. Ltd., Soterix Medical Inc., Synapse Biomedical Inc., NeuroMetrix Inc., NDI Medical LLC, Neuros Medical Inc., Cirtec Medical Corp., Mainstay Medical International plc, Gimer Medical
What Spinal Cord Stimulation Market Trends Are Gaining Traction Across Different Segments?
The rise of technological advancements is a major trend observed in the spinal cord stimulation market. Leading companies in this sector are turning their attention towards creating more advanced solutions to maintain their market dominance. For example, in December 2022, Abbott Laboratories, an American medical device corporation, introduced the Eterna spinal cord stimulation system for chronic care. This system is the smallest rechargeable implantable spinal cord stimulator for chronic pain management currently available in the market. Eterna SCS uses Abbott's unique low-dose BurstDR stimulation, which is the only SCS waveform technology supported by the highest level of clinical evidence (1A evidence). Studies have shown that it provides 23% more pain relief compared to traditional waveform technology methods.
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Which Regions Are Becoming Hubs for Spinal Cord Stimulation Market Innovation?
North America was the largest region in the spinal cord stimulation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spinal cord stimulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Spinal Cord Stimulation Market?
2. What is the CAGR expected in the Spinal Cord Stimulation Market?
3. What Are the Key Innovations Transforming the Spinal Cord Stimulation Industry?
4. Which Region Is Leading the Spinal Cord Stimulation Market?
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