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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Spinal Cord Stimulation Market Trends
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.
- Increasing restrictions on opioid medication for pain relief has propelled the demand for spinal cord stimulation due to the need for non-opioid alternative treatment solutions. Opioid medication can lead to addiction among patients, due to which, restrictions are being placed to reduce the utilisation of opioids.
- The rising prevalence of cases related to chronic pain is one of the key factors propelling the global market for spinal cord stimulators. With the development of the market, new spinal cord stimulation therapy guidelines can enhance the spinal cord stimulation market development.
- In addition, the rapidly developing healthcare sector has created opportunities for innovations and improved treatment methods for spinal cord injuries. One such development is Epidural stimulation, which utilizes surgically implanted electrodes to deliver current to the dorsal aspect.
Spinal Cord Stimulation Market Report Snapshots
Spinal Cord Stimulation Market Size
Spinal Cord Stimulation Market Trends
Spinal Cord Stimulation Market Analysis
Spinal Cord Stimulation Companies
*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.*
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Key Questions Answered in the Report
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.
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