The Spinal Cord Stimulation Market was worth USD 1,871.6 Million in 2016 and estimated to reach USD 2,998.2 Million by the end of 2022 with a growth potential of 8.6%.
Spinal cord stimulation can also be called as Neurostimulation that directs the mild electrical pulses which interfere with the pain messages reaching the brain. These pulses are generated by a small device called Spinal cord stimulator implanted near the spine.
A spinal cord stimulator (SCS), also called as dorsal column stimulator has a small wire that carries the current from a pulse generator to nerve fibers of the spinal cord. The pain has been reduced because the electrical current interrupts the pain signal from reaching your brain.
Spinal cord stimulator has been used for decades, and has been used for an increasing number of conditions.
Global Spinal Cord Stimulation Market: Drivers & Restraints
The factors that are driving the growth of Global Spinal cord stimulation market are rising adult population, rising demand for minimally invasive surgeries, innovation of new technologies & therapies, increasing cases of obesity, and increasing in ageing demographics. However, there are a number of factors that are hampering the growth of the Spinal cord Stimulation market like high cost related with therapy, stringent regulatory approvals, and major reliance on traditional SCS therapy.
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Global Spinal Cord Stimulation market: Segmentation
- Degenerative Disk Disease (DDD)
- Failed Back Syndrome (FBS)
- Unsuccessful Disk Surgery
- Complex Regional Pain Syndrome (CRPS)
- Multiple Back Operations
By Product Type
By End users
- Ambulatory Surgery Centers (ASC’s)
Global Spinal Cord Stimulation market: Overview
Global Spinal Cord Stimulation market is expected to witness high demand because of increased preference for minimally invasive surgeries all over the continent.
Global Spinal cord stimulation market: Region-wise Outlook
Based on Geography, the Spinal Cord Stimulation market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America has the highest share in the market followed by Europe and Asia-Pacific due to the presence of top manufacturers in the region.
Asia-Pacific is accounted to have highest CAGR over the forecast period owing to increasing prevalence in pain.
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