The global spinal cord stimulation market is expected to gain from increasing per capita income. Recently Fortune Business insights, published a report, titled “SPINAL CORD STIMULATION: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026,” which studies in detail various factors influencing the market’s growth trajectory. According to the report, the global spinal cord stimulation market was worth US$ 2,268.9 Mn in 2018. The global market is anticipated to progress at a CAGR of 8.1% and value US$ 4,236.2 Mn by the end of 2026. The report offers a comprehensive overview on various segments of the global spinal cord stimulation market.
As per the report the global spinal cord stimulation market was dominated by North America in 2018. The North America market was valued at US$ 1,086.7 Mn in 2018. The region is anticipated to remain dominant through the forecast period. Favorable health reimbursement policies available in the region is one of the key factors enabling expansion of the spinal cord stimulation market in North America.
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Leading Players operating in the Spinal Cord Stimulation Market are:
- Medtronic
- Abbott
- Boston Scientific Corporation
- Stimwave LLC
- Nevro Corp.
- Nuvectra
Abbot and Boston to Lead the Global Market
Abbott and Boston Scientific Corporation hold a significant share and are together leading the global spinal cord stimulation market. These companies are projected to lead the global market during the forecast period also. The growth witnessed is attributable to successful completion of acquisition of St. Jude Medical Inc. by Abbott. Product launch by Boston Scientific Corporation is also contributing towards the growth. St. Jude Medical Inc., was acquired by Abbot in 2017, which further gave Abbot access to St. Jude Medical’s product portfolio and market share. Strategic collaborations are intended at expanding footprint and product portfolio.
Innovation in Spinal Cord Stimulation Therapy to Drive Market
In the near future, the global spinal cord stimulation market will gain significant impetus from the introduction of MRI conditional spinal cord stimulator. Besides this, reduction in the consumption of opioid medication is fueling the demand for spinal cord stimulation therapy.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Prevalence of Back Pain – For Key Countries, 2018
- Regulatory Scenario – For Key Countries
- Health Reimbursement Overview
- New Product Launch
- Key Industry Developments – Mergers, Acquisitions and Partnerships
- Global Spinal Cord Stimulation Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Implantable Pulse Generator
- Rechargeable
- Non-rechargeable
- Radiofrequency System
- Implantable Pulse Generator
- Market Analysis, Insights and Forecast – By Disease Indication
- Failed Back Syndrome (FBS)
- Degenerative Disk Disease (DDD)
- Complex Regional Pain Syndrome (CRPS)
- Arachnoiditis
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Spinal Cord Stimulation Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Product
- Implantable Pulse Generator
- Rechargeable
- Non-rechargeable
- Radiofrequency System
- Implantable Pulse Generator
- Market Analysis – By Disease Indication
- Failed Back Syndrome (FBS)
- Degenerative Disk Disease (DDD)
- Complex Regional Pain Syndrome (CRPS)
- Arachnoiditis
- Others
- Market Analysis – By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Market Analysis – By Country
- S.
- Canada
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