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%.
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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.
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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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