The Global Spinal Cord Stimulator Market is projected to Grow at a CAGR of +7% by 2026 According to new research by Healthcare Intelligence Markets. The spinal cord stimulator blocks the sensations of pain transmitted to the brain. It is a tiny device implanted in the body to transmit an electrical signal to the spinal cord. A battery pack is implanted in a person’s lower back that transmits pulses to cords, also known as leads. When it system is turned on, it creates a tingling effect in that particular part of the body and distracts the brain to focus on the new sensation instead of the pain in the nerves. This system is often recommendable to people with back injury or other spinal cord related problems and is recommended by doctors for people over 40 years of their age.
The North American region currently holds the highest market share and Asia-pacific region is expected to generate the highest CAGR in the forthcoming years. The report provides a broad comprehension of the real nature of the market by undertaking the study done on the factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
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The advent of technological advancements has impelled the medical device companies to bring in more sophisticated alternatives to cater to the altering demands of the people, which is majorly driving the growth of the market. The high cost of availing these devices is hampering its growth in developing economies like China and India, where a majority of the population is incapable of availing these solutions. Modernization and a growing weariness of doctors to treat chronic pain with opioids have sparked interest in spinal cord stimulation market and is providing better opportunities for the new entrants who wish to establish themselves in the global market.
The analysis of the emerging innovative technologies, trends, competitors, and expected market growth, drivers/limiters, estimated market share by region, and corporate strategies are all included within the scope of the report. The major participants operating in this region are NeuroSigma Inc, NDI Medical LLC, Jude Medical Inc, NeuroPace Inc, Stimwave LLC, Boston Scientific Corporation, Medtronic Plc., Synapse Biomedical Inc. and Nevro Corp. amongst others. The ongoing developments made by St Jude Medical Inc. have developed an SCS called as the BURSTDR, which is a new form of neurostimulation therapy. It works by mimicking natural patterns found in the brain and it also addresses both your physical pain and emotional pain associated with it.
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Spinal Cord Stimulator Market – by Type
• Conventional System
• Radiofrequency System
• Rechargeable System
Spinal Cord Stimulator Market -by Application
• Degenerative Disk Disease (DDD)
• Failed Back Surgery Syndrome (FBS)
• Arachnoiditis, Multiple Back Operations
Spinal Cord Stimulator Market – by End-User
• Physiotherapy Centers
• Ambulatory Surgical Centers
Spinal Cord Stimulator Market – by Region
• North America
• The U.S.
• Rest of North America
• The UK
• Rest of Europe
• Asia Pacific
• Southeast Asia
• Rest of Asia Pacific
• The Middle East and Africa
• GCC Countries
• Southern Africa
• Rest of the Middle East and Africa
• Latin America
• Rest of Latin America