Base Year
Historical Year
Forecast Year
The global spinal cord stimulation market was valued at USD 2.92 billion in 2023, driven by the growing demand for spinal cord stimulation due to the rising prevalence of spinal cord injuries and surgeries conducted around the world and the rapidly developing healthcare technology. The market size is anticipated to grow at a CAGR of 8.1% during the forecast period of 2024-2032 to achieve a value of USD 5.88 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Spinal cord stimulation is a method used to relieve pain by using a spinal cord stimulator device that is surgically placed under the skin. The device is used to deliver low levels of electricity directly to the spinal cord. These devices can be used by healthcare providers, along with other pain management treatments and reduce the need for medications.
Based on type, the market can be segmented into rechargeable and non-rechargeable. Based on the disease, the market bifurcations include failed back surgery syndrome, degenerative disc disease, complex regional pain syndrome, arachnoiditis, and ischemic limb pain, among others. Based on end-use, the market can be divided into hospitals, ambulatory surgical units, and speciality clinics. The regional markets for the spinal cord stimulation market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The global market for spinal cord stimulation has different types of devices, such as rechargeable and non-rechargeable. Rechargeable devices are growing rapidly in demand and are expected to hold the largest market share. The development of the market segment can be attributed to the cost-effectiveness and flexibility, and it enables remote treatment to be conducted. In addition, these devices reduce the number of surgeries which helps in reducing the patient’s discomfort and complications.
Based on the diseases, the market can be segmented into failed back surgery syndrome, degenerative disc disease, complex regional pain syndrome, arachnoiditis, and ischemic limb pain, among others.
The failed back surgery syndrome segment is expected to lead the segment owing to the rising number of patients enrolling for the treatment of failed back pain. The increasing number of spinal surgeries done around the world is likely to enhance the market growth.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Abbott Laboratories is an American multinational medical device and healthcare company, which was founded in 1888. The company has a large product portfolio related to technologies for various fields, including healthcare, diagnostics, medical devices, nutritional supplements, and generic medicines. The company offers their products in more than 160 countries.
Medtronic Plc is one of the leading medical technology companies, founded in 1949. The company's headquarter is located in Dublin, Ireland. The company has developed their product portfolio based on different fields including cardiovascular, diabetes, digestion, neurological, spinal and orthopaedic, and urological.
Boston Scientific Corporation is a multinational biotechnology and engineering company, operating to develop innovative devices and treatment solutions for chronic diseases and life-threatening conditions. The company operates across more than 100 countries to provide healthcare services. The company was founded in 1979 and has been developing various products related cardiovascular treatment, pacemakers, remote patient monitoring, and critical care products.
Other market players include Nevro Corp. and Stimwave LLC, among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Applications |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
Spinal Cord Stimulation Market Size
Spinal Cord Stimulation Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the global spinal cord stimulation attained a value of USD 2.92 billion.
The market is anticipated to grow at a CAGR of 8.1% during the forecast period of 2024-2032 to reach a value of USD 5.88 billion by 2032.
The market growth is driven by the growing demand for spinal cord stimulation due to the rising prevalence of spinal cord injuries and surgeries conducted around the world and the rapidly developing healthcare technology.
The increasing demand for non-invasive treatment methods and increasing restrictions on opioid medication can aid the market development.
The regional markets include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The types of devices available in the market include rechargeable and non-rechargeable.
The types of diseases include failed back surgery syndrome, degenerative disc disease, complex regional pain syndrome, arachnoiditis, and ischemic limb pain, among others.
The spinal cord stimulation treatments are utilised by hospitals, ambulatory surgical units, and speciality clinics.
The key players in the market include Abbott Laboratories, Medtronic Plc, Boston Scientific Corporation, Nevro Corp., and Stimwave LLC, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share