Global Spinal Cord Stimulator Market Research Report: Information by Technology Type (Conventional Implantable Pulse Generator, Rechargeable Implantable Pulse Generator, Radiofrequency Stimulator), Application (Failed Back Surgery Syndrome, Complex Regional Pain Syndrome, Arachnoiditis, Sciatica, Degenerative Disc Disease, Others), End-User (Hospitals & Clinics, Ambulatory Surgical Centers and others) and Region (Americas, Europe, Asia-Pacific, and Middle East & Africa) - Forecast till 2027
Market Highlights
According to MRFR analysis, Global Spinal Cord Stimulator Market is expected to register a CAGR of 8.95% during the forecast period of 2019 to 2025 and was valued at USD 1,994.16 Million in 2018.
Spinal cord stimulator is an implantable neuromodulation device used for the treatment of certain pain conditions. The device functions by sending electric signals to the areas of the spinal cord that are in pain.
The growth of the global spinal cord stimulator market can be attributed to the rising prevalence of degenerative disc disease, increasing R&D expenditure by companies to develop innovative cord stimulators, growing geriatric population, and rising technological advancements. For instance, technology has resulted in reduced cost of the final product for end-user while increasing the capabilities of the system. Technological advancement in spinal cord stimulation (SCS) represent some of the most developments in pain management. Additional developments in this field include high-frequency spinal cord stimulation (SCS), a novel spinal cord stimulation (SCS) system that permits a pulse rate up to 10 kHz with more effective anatomic positioning, providing paresthesia-free pain relief; percutaneous leads and paddles, which permit tailored stimulation patterns for patients with chronic pain.
Furthermore, the increasing demand for minimally invasive procedures, rise in the number of patients suffering from failed back surgery syndrome, and the growing number of patients suffering from chronic & neuropathic pain is also expected to fuel the market growth during the forecast period. However, the dearth of skilled professionals, lack of awareness regarding the use of spinal cord stimulators for the treatment of neuropathic pain, major dependence on traditional therapies for treatment, and stringent government regulations related to the product approvals are expected to restrain the growth of the global spinal cord stimulator market.
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Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region is held the largest market in 2018 owing to the rising prevalence of degenerative disc disease and the increasing adoption of technologically advanced products in the region. The spinal cord stimulator market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. For instance, market players like FDA approved Medtronic devices, the company holds up to 38% of the US market, according to recent studies.
The European spinal cord stimulator market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The spinal cord stimulator market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing number of patients suffering from chronic & neuropathic pain and a growing geriatric population, the market in Asia-Pacific is expected to be the fastest-growing. The spinal cord stimulator market in the Middle East & Africa has been divided into the Middle East and Africa.
Segmentation
The Global Spinal Cord Stimulator Market has been segmented based on Technology Type Application, and End User.
Based on the technology type, the global spinal cord stimulator market has been segmented into a conventional implantable pulse generator, rechargeable implantable pulse generator, and radiofrequency stimulator. The conventional implantable pulse generator (IPG) segment held the largest market share in 2018 owing to its high preferred type by hospitals, and excellent in long-term relief in 60%-80% patients suffering from chronic pain.
The global spinal cord stimulator market, based on application, has been segmented into failed back surgery syndrome, complex regional pain syndrome, arachnoiditis, sciatica, degenerative disc disease and others. The failed back surgery syndrome (FBSS) segment held the largest market share in 2018 due to the increasing prevalence of failed back surgery syndrome (FBSS) worldwide.
The market based on end-user has been segmented into hospitals & clinics, ambulatory surgical centers, and others. Hospitals & clinics segment held the largest market share in 2018 owing to the rising in visits of patients.
Key Players
Some of the key players in the global spinal cord stimulator market are Boston Scientific Corporation (US), Abbott (US), Nevro Corp. (US), Medtronic (Ireland), Stimwave LLC (US), Nuvectra (US), Beijing PINS Medical Co., Ltd (China), Cirtec (US), NeuroSigma, Inc. (US), Synapse Biomedical Inc. (US), and others.
Table Of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
3. RESEARCH METHODOLOGY
3.1. Overview
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
4.1. Overview
4.2. Drivers
4.3. Restraints
4.4. Opportunities
5. MARKET FACTOR ANALYSIS
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power Of Suppliers
5.1.2. Bargaining Power Of Buyers
5.1.3. Threat Of New Entrants
5.1.4. Threat Of Substitutes
5.1.5. Intensity Of Rivalry
5.2. Value Chain Analysis
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Spinal Traction Market Information: By Type (Manual Spinal Traction, Mechanical Spinal Traction), Applications (Slipped Discs, Bone Spurs, Degenerative Disc Disease, Herniated Discs, Facet Disease, Sciatica, Foramina Stenosis, Pinched Nerves), Devices (Continuous Traction, Gravity-Dependent Traction, Manual Traction) - Global Forecast till 2027Market SynopsisAccording to a new report by Market Research Future (MRFR), the global spinal traction market is expected to reach USD 6.0 billion by the end of 2023.
The market is envisaged to witness a steady growth to expand at 7.7 % CAGR over the forecast period (2017-2023) owing to the growing geriatric population.
Spinal traction devices are used to stabilize and decompress the spine for treating several spinal disorders and orthopedic conditions like bone fractures, muscle contracture, and bone deformities like kyphosis, scoliosis, and lordosis.
Spinal traction devices are also used to prepare patients for surgical procedures like interbody fixation, endoscopic spine surgery, vertebral compression fracture repair, and interspinous fixation.Future Drivers and ConstraintsIncreasing production number of spinal surgery, implants, and ongoing researches for improving the quality of care are expected to create attractive growth opportunities for the market globally.
Wireless sensor technology is one of the latest researches with advanced products connected to external devices for analysis and healing progress.Meanwhile, costly devices, lack of experimental clinical data in medical treatment, risk related after surgery which comprises risk of damage and infection to the spine, and demand for minimally invasive procedures is assessed to hamper the growth of the market over the forecast period.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1902Global Spinal Traction Market SegmentationThe global market for spinal traction has been segmented on the basis of diagnosis, type, treatment, end-users, and region.The market has been segmented into mechanical spinal traction and manual spinal traction based on types.
The market has been segmented into herniated discs, sciatica, facet disease, slipped discs, bone spurs, foraminal stenosis, pinched nerves, and degenerative disc disease, based on applications.
Technological innovations and combination of external devices with pumps, government initiatives, improving healthcare infrastructure, and the large patient base and Rise in chronic diseases in geriatric population are key factors contributing to high CAGR during the forecast period.Market Size – USD 238.2 million in 2018, Market Growth - CAGR of 5.6%, Market Trends – Product launches and research for advanced products According to the current analysis of Reports and Data, the global Spinal pumps market was valued at USD 238.2 million in 2018 and is expected to reach USD 368.4 million by the year 2026, at a CAGR of 5.6 %.
ITDD systems consists of a catheter attached to a pump, and the pump is an external device or an implanted system that involves therapy and drug diagnosis.Spinal pumps market is driven by the rising prevalence of sclerosis, movement disorders, spinal and brain injuries, and cerebral palsy.
Technological innovations and combination of external devices with pumps that enable low medication dosages accelerates the market growth for the forecast period.Favorable government initiatives, improving healthcare infrastructure, and the large patient base, is projected to support the spinal pump industrial growth in developing regions such as India and China.
Some of the side effects, such as a fluid leak, severe skin reactions, and headache, are expected to hamper market growth.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2191The report provides a complete analysis of the global Spinal Pumps market with important details about the key market players from insightful primary and secondary research data.
The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.The key companies profiled in the market are: DePuy Synthes, FlowonixMedical, Inc., Medtronic Plc, Tricumed Medizintechnik GmbH, and Teleflex, Inc.Further key findings from the report suggestIntrathecal baclofen (ITB) pump implantation can be used to control dystonia and severe pain associated with complex regional pain syndrome (CRPS).
Intrathecal baclofen (ITB) pumps have been used to ameliorate global pain in patients with CRPS and dystonia based on the anti-nociceptive effects of ITB.Medtronic plc and Samsung Electronics Co., Ltd. declared their collaborative agreement to develop health solutions in the area of neuromodulation.The pain management category led the application segment of this industry with the largest revenue share at over 69.4%, due to to the increasing preference for long-term relief alternatives and the high prescription prices associated with conventional opioid drugs used in pain management.Spasticity management is growing at the fastest CAGR at over 3.8% throughout the forecast period.
