According to the report Global Spinal Cord Stimulation Market published by Market Data Forecast, the was worth USD 1795.2 Million in 2016 and estimated to reach USD 2718 Million by the end of 2021 with a growth potential of 8.6%.
Spinal cord stimulation blocks the sensation of pain by using a low voltage stimulation to spine. It is a small device implanted in the body to transmit an electrical current to the spinal cord.
When it turns on, the stimulation feels as a mild tingling in the area of pain. It helps the patients to better manage symptoms and will potentially decrease the use of pain medications.
It may also be an option if you have an arm pain or chronic leg, and have not found relief with other therapies.
The major factors that are driving the growth of the market are growing adult population, rising demand for minimally invasive surgeries, innovation of new technologies & therapies, increasing cases of obesity, and increasing in aging demographics. However, there are number of factors that are challenging the growth of the Spinal cord Stimulation market like high cost related with therapy, stringent regulatory approvals, and major reliance on traditional SCS therapy.
The Global Market for Spinal Cord Stimulation is broadly categorized based on Application, Product Type, End user and Region.
1. Based on Application
• Degenerative Disk Disease (DDD)
• Failed Back Syndrome (FBS)
• Unsuccessful Disk Surgery
• Complex Regional Pain Syndrome (CRPS)
• Multiple Back Operations
• lumbar adhesive Arachnoiditis
2. Based on Product Type
3. Based on End User
• Ambulatory Surgery Centers (ASC’s)
4. Based on Region
• North America
• Asia Pacific
• Latin America
• Middle East and Africa.
Some of the major companies operating in the market are Boston, Medtronic, Nevro, St. Jude Medical, Greatbatch, Stimwave.
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