Global spinal cord stimulation devices market is projected to show a robust growth in the upcoming five years. The market is anticipated to grow with a consistent CAGR in the forecast period, 2023-2027, on the backbone of increasing number of patients that suffer from failed back syndrome. Also, various instances of complex regional pain syndrome is prevailing among the population that is actively supporting the growth of global spinal cord stimulation devices market. Several neuropathic pain in arms, foot, and legs due to injuries and trauma is also boosting the demand from patients for the spinal cord stimulation devices, which in turn is driving the market growth.
Advantages like non-invasive nature of the device, significant effect over targeted pain, and the advent over lack of any side-effects of the device is a major growth factor for the growing global spinal cord stimulation devices market. Moreover, technological advancements in the devices is bringing forth more demand from the patients suffering from prolonged pain or pain due to failure of spinal surgeries, is driving the market growth of global spinal cord stimulation devices market.
The global spinal cord stimulation devices market is segmented by
Some of the major competitors in the market are Boston Scientific Corporation, Abbott Laboratories, Inc., Neurosigma Inc., Medtronic Plc., Nevro Corp, Synapse Biomedical Inc, Stimwave Technologies Inc, Nuvectra Corporation, Autonomic Technologies, Inc., Integer Holdings Corporation, among others. Other strategies include investments over technologically advanced devices under the research and development and the partnerships among top players.
Objective of the Study
- To analyze the historical growth of the market size of global spinal cord stimulation devices market from 2017 to 2020.
- To estimate and forecast the market size of global spinal cord stimulation devices market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global spinal cord stimulation devices market based on product type, application, end user, regional distribution, and competitional landscape.
- To identify dominant region or segment in the global spinal cord stimulation devices market.
- To identify drivers and challenges for global spinal cord stimulation devices market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global spinal cord stimulation devices market.
- To identify and analyze the profile of leading players operating in global spinal cord stimulation devices market.
- To identify key sustainable strategies adopted by market players in global spinal cord stimulation devices market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of global spinal cord stimulation devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Manufacturers, end users, service providers and other stakeholders
- Distributers and suppliers of spinal cord stimulation devices and other stakeholders
- Organizations, forums, and alliances related to spinal cord stimulation devices market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as vendors, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product Type · Application · End User |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Kuwait |
| Key Companies Profiled | Boston Scientific Corporation, Abbott Laboratories, Inc., Neurosigma Inc., Medtronic Plc., Nevro Corp, Synapse Biomedical Inc, Stimwave Technologies Inc, Nuvectra Corporation, Autonomic Technologies, Inc., Integer Holdings Corporation. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
