The Infinium Global Research analyzes the Spinal Cord Neurostimulation Implant Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global spinal cord neurostimulation implant market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of spinal cord neurostimulation implant. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the spinal cord neurostimulation implant market during the period. The global spinal cord neurostimulation implant market is projected to grow at a CAGR of 13.20% over the forecast period of 2019-2025.
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Increasing the Incidence of Spinal Cord Injuries, Chronic Back Pain, and Neurological Disorder are the Major Factors Driving the Growth of the Spinal Cord Neurostimulation Implant Market
Increasing the incidence of spinal cord injuries, chronic back pain, and neurological disorder are the major factors driving the growth of the spinal cord neurostimulation implant market. Data provided by WHO states that around between 250,000 and 500,000 people suffer from spinal cord injury (SCI) every year. Moreover, the growing adoption of advanced pain management systems is another growth factor for the spinal cord neurostimulation implant market.
Dealing with the chronic pain with the conventional medicines for the patient suffering from chronic leg and back pain is a difficult task, while the recent studies state the effectivity of spinal cord neurostimulation implant for the long term pain management over the conventional treatments. On the other hand, the high cost associated with the devices and their timely maintenance can hamper the growth of the market. However, increasing awareness among the people and improvement in the reimbursement policies can provide better opportunities for the market.
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North America Especially the U.S. Holds the Largest Share of the Market
Geographically, the spinal cord neurostimulation implant market segmented into North America, Europe, Asia-Pacific, and RoW. North America especially the U.S. holds the largest share of the market and expected to stay dominant over the forecast period, followed by Europe. Advanced healthcare facilities and increasing funding for research and development are and well-established reimbursement policies are supporting the growth of the market in these regions. The market in Asia-Pacific is expected to grow with a steady rate, high cost of the treatment and unsupportive reimbursement policies causing the slow growth of the market.
Spinal Cord Neurostimulation Implant Market: Segmentation
The report on the global spinal cord neurostimulation implant market covers segments such as SCS systems, lead type, applications, and end user. On the basis of SCS systems, the sub-markets include conventional system, radiofrequency system, and rechargeable system. On the basis of lead type, the sub-markets include paddle leads, and cylindrical leads. On the basis of applications, the sub-markets include sciatica, degenerative disk disease (DDD), failed back surgery syndrome (FBS), and other applications. On the basis of end user, the sub-markets include hospitals, physiotherapy centers, ambulatory surgical centers, and other end users.
Spinal Cord Neurostimulation Implant Market: Competitive Landscape
The report provides profiles of the companies in the market such as Boston Scientific Corporation, Medtronic, Inc., Nevro Corporation, Neurosigma, Inc., Neuropace, Inc., St. Jude Medical Inc., Aleva Neurotherapeutics SA, Synapse Biomedical, Inc., Neuronetics, Inc., Cyberonics, Inc., and Other companies.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the spinal cord neurostimulation implant.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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