Global Spinal Cord Stimulation Devices Market Size, Share, Growth & Forecast 2027

Report Description

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 product type, application, end user, regional distribution, and competitional landscape. Based on product type, the market is further sub-segmented into rechargeable and non-rechargeable stimulation devices. Advantages like cost effective, flexible, control over pain management and wireless remote techniques are some of the major factors that are driving the growth of rechargeable spinal cord stimulator devices. Thus, the rechargeable devices are anticipated to dominate the market in the upcoming five years. These devices send mild electrical signals to the spinal cord, there the response to the neuropathic pain is blocked thus brain does not register the presence of pain. The device runs on battery that can be easily replaced with a minor surgery.

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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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.

TechSci 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. TechSci 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 TechSci 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)

Report Scope:

In this report, global Spinal Cord Stimulation Devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Spinal Cord Stimulation Devices Market, By Product Type:

Rechargeable
Non-Rechargeable

Global Spinal Cord Stimulation Devices Market, By Application:

Failed Back Syndrome
Complex Regional Pain Syndrome
Degenerative Disk Disease
Unsuccessful Disk Surgery
Others

Global Spinal Cord Stimulation Devices Market, By End User:

Hospitals & Clinics
Ambulatory Care Centers
Others

Global Spinal Cord Stimulation Devices Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Italy
Spain

Asia-Pacific

China
Japan
India
South Korea
Australia

Middle East & Africa

South Africa
Saudi Arabia
UAE
Kuwait

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global Spinal Cord Stimulation Devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Spinal Cord Stimulation Devices Market

4. Voice of Customer

5. Executive Summary

6. Global Spinal Cord Stimulation Devices Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type (Rechargeable v/s Non-Rechargeable)

6.2.2. By Application (Failed Back Syndrome, Complex Regional Pain Syndrome, Degenerative Disk Disease, Unsuccessful Disk Surgery, Others)

6.2.3. By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)

6.2.4. By Company (2021)

6.2.5. By Region

6.3. Product Market Map

7. Asia-Pacific Spinal Cord Stimulation Devices Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Application

7.2.3. By End User

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Spinal Cord Stimulation Devices Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Application

7.3.1.2.3. By End User

7.3.2. India Spinal Cord Stimulation Devices Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Application

7.3.2.2.3. By End User

7.3.3. South Korea Spinal Cord Stimulation Devices Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

7.3.3.2.2. By Application

7.3.3.2.3. By End User

7.3.4. Japan Spinal Cord Stimulation Devices Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Type

7.3.4.2.2. By Application

7.3.4.2.3. By End User

7.3.5. Australia Spinal Cord Stimulation Devices Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Type

7.3.5.2.2. By Application

7.3.5.2.3. By End User

8. Europe Spinal Cord Stimulation Devices Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Application

8.2.3. By End User

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. France Spinal Cord Stimulation Devices Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Application

8.3.1.2.3. By End User

8.3.2. Germany Spinal Cord Stimulation Devices Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Application

8.3.2.2.3. By End User

8.3.3. United Kingdom Spinal Cord Stimulation Devices Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Application

8.3.3.2.3. By End User

8.3.4. Italy Spinal Cord Stimulation Devices Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By Application

8.3.4.2.3. By End User

8.3.5. Spain Spinal Cord Stimulation Devices Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By Application

8.3.5.2.3. By End User

9. North America Spinal Cord Stimulation Devices Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Application

9.2.3. By End User

9.2.4. By Country

9.3. North America: Country Analysis

9.3.1. United States Spinal Cord Stimulation Devices Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Application

9.3.1.2.3. By End User

9.3.2. Mexico Spinal Cord Stimulation Devices Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Application

9.3.2.2.3. By End User

9.3.3. Canada Spinal Cord Stimulation Devices Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Application

9.3.3.2.3. By End User

10. South America Spinal Cord Stimulation Devices Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Application

10.2.3. By End User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Spinal Cord Stimulation Devices Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Application

10.3.1.2.3. By End User

10.3.2. Argentina Spinal Cord Stimulation Devices Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Application

10.3.2.2.3. By End User

10.3.3. Colombia Spinal Cord Stimulation Devices Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Application

10.3.3.2.3. By End User

11. Middle East and Africa Spinal Cord Stimulation Devices Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product Type

11.2.2. By Application

11.2.3. By End User

11.2.4. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Spinal Cord Stimulation Devices Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Product Type

11.3.1.2.2. By Application

11.3.1.2.3. By End User

11.3.2. Saudi Arabia Spinal Cord Stimulation Devices Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Product Type

11.3.2.2.2. By Application

11.3.2.2.3. By End User

11.3.3. UAE Spinal Cord Stimulation Devices Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Product Type

11.3.3.2.2. By Application

11.3.3.2.3. By End User

11.3.4. Kuwait Spinal Cord Stimulation Devices Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Product Type

11.3.4.2.2. By Application

11.3.4.2.3. By End User

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Boston Scientific Corporation

14.2. Abbott Laboratories, Inc.

14.3. Neurosigma Inc.

14.4. Medtronic Plc.

14.5. Nevro Corp

14.6. Synapse Biomedical Inc

14.7. Stimwave Technologies Inc

14.8. Nuvectra Corporation

14.9. Autonomic Technologies, Inc.

14.10. Integer Holdings Corporation

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What major factors drive Global Spinal Cord Stimulation Devices Market growth?

Increasing number of patients that suffer from failed back syndrome, various instances of complex regional pain syndrome are driving the growth of the global spinal cord stimulation devices market in the forecast years, 2023-2027.

Which companies may dominate the Global Spinal Cord Stimulation Devices Market?

Boston Scientific Corporation, Abbott Laboratories, Inc., Neurosigma Inc., Medtronic Plc., Nevro Corp, Synapse Biomedical Inc, among others are leading the global spinal cord stimulation devices market in the forecast period, 2023-2027.

What is the study period for the Global Spinal Cord Stimulation Devices Market analysis?

The global spinal cord stimulation devices market analysis was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2020 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

What strategic recommendations may the new market players follow in future?

New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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