Spinal Cord Stimulation Industry Outlook 2025-2029: Market Set to Cross $4.78 Billion Milestone

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How Large Will the Spinal Cord Stimulation Market Size By 2025?
The market for spinal cord stimulation has seen robust growth in the past few years, projected to expand from a value of $3.14 billion in 2024 to $3.42 billion in 2025, marking a compound annual growth rate (CAGR) of 8.8%. The significant growth observed in the historic period can be accredited to factors such as an aging population, higher occurrence of chronic pain, increased awareness of spinal cord stimulation, and a growing preference for non-invasive methods for pain management.

How Big Is the Spinal Cord Stimulation Market Size Expected to Grow by 2029?
Strong expansion is anticipated in the spinal cord stimulation market in the near future, reaching $4.78 billion in 2029 with a compound annual growth rate (CAGR) of 8.7%. The expected rise during this period is due to the initiation of novel stimulation therapies, broadening applications for spinal cord stimulation, growing need for less invasive procedures, enhanced funding in research and development, and favorable reimbursement policies. Major trends to look out for during this period include the incorporation of artificial intelligence in spinal cord stimulation devices, the introduction of non-paresthesia-based stimulation, expansion efforts in emerging economies, the preference for rechargeable stimulators, and a patient-centric focus in product development.

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Which Key Market Drivers Powering Spinal Cord Stimulation Market Expansion and Growth?
The escalating occurrence of spinal cord injuries is anticipated to push the growth of the spinal cord stimulation market forward. Such injuries to the spinal cord or nerves at the termination of the spinal canal can result from traumatic incidents and accidents within the household. The method used to treat these injuries is spinal cord stimulation, which utilizes low-voltage electricity delivered to the spinal cord to alleviate discomfort. For instance, as per the data from the National Library of Medicine, a government-based library in the US, between 250,000 and 500,000 individuals globally are impacted by spinal cord injuries every year as of May 2022. Notably, an estimated 17,000 new cases are reported annually in the US, with approximately 282,000 Americans believed to be survivors of spinal cord injuries. Consequently, the escalating occurrence of spinal cord injuries is driving the growth of the spinal cord stimulation market.

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Which Fast-Growing Trends Are Poised to Disrupt the Spinal Cord Stimulation Market?
The emergence of technological advancements is becoming a notable trend within the spinal cord stimulation industry. The leading companies in this market are striving to create high-tech solutions in order to maintain their market standing. In a recent case, the American company, Abbott Laboratories, which specialises in medical devices, introduced the Eterna spinal cord stimulation system for chronic treatment in December 2022. Currently, this is the smallest implantable, rechargeable spinal cord stimulator in circulation for administering chronic pain. The Eterna SCS uses Abbott's BurstDR stimulation, the sole SCS waveform technology supported by the premier grade of clinical evidence (1A evidence), which has been demonstrated to reduce pain by 23% more than traditional waveform technology procedures.

What Are the Emerging Segments in 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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Who Are the Global Leaders in the Spinal Cord Stimulation Market?
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

Which are the Top Profitable Regional Markets for the Spinal Cord Stimulation Industry?
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.

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