Spinal cord stimulation devices are medical devices which is placed under the skin and sends electric current to the spinal cord. This device consists of a small wire which carries current from a pulse generator to the nerve fibers of the spinal cord. Hence, spinal cord stimulation devices aid in reducing the pain due to the electrical pulses and mask the pain signal from reaching your brain. Key factors driving the growth of this market are the increasing geriatric population and favorable reimbursement and insurance approval policies. However, stringent regulatory approvals and high cost of devices will impede the growth of this market. Moreover, due the introduction of innovative techniques in minimally invasive surgery will create lucrative opportunities for key market players.
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Spinal cord stimulation devices market is segmented based on product type, end user and geography. Based on product type this market is segmented into degenerative disk disease (DDD), failed back syndrome (FBS), multiple back operations, unsuccessful disk surgery, complex regional pain syndrome (CRPS) and arachnoiditis or lumbar adhesive arachnoiditis. Further, based on end user this market is segmented into hospitals and ambulatory surgery centers (ASCS). By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as Boston, Scientific and corporation, Medtronic plc, Nevro corp., St. Jude Medical, Greatbatch and Stimwave is also provided in this report.
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global spinal cord stimulation devices market.
- In-depth analysis has been done in this report by constructing market estimations for the key market segments between 2016 and 2023.
- Geographically, the global spinal cord stimulation devices market is analyzed based on various regions such as North America, Europe, Asia-Pacific and LAMEA.
- This study evaluating competitive landscape and value chain has been taken into account to help in understanding the competitive environment across the geographies.
- Comprehensive analysis of factors that drive and restrict the growth of the global spinal cord stimulation devices market is provided.
- This report provides the quantitative analysis of the current market and estimations through 2016-2023, which assists in identifying the prevailing market opportunities
- Comprehensive analysis of all regions are provided that determines the prevailing opportunities in these geographies.
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