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Global Spinal Cord Stimulation Market Share, Size, Growth, Trends, Analysis, Forecast: By Type: Rechargeable, Non- Rechargeable; By Disease: Failed Back Surgery Syndrome (FBSS), Degenerative Disc Disease (DDD), Complex Regional Pain Syndrome (CRPS), Arachnoiditis, Others; By End User; Regional Analysis; Competitive Landscape; 2023-2028
Global Spinal Cord Stimulation Market Outlook
The global spinal cord stimulation market size reached a value of more than USD 2.71 billion in 2022. The global market industry is expected to grow at a CAGR of 8.10% between 2023 and 2028, reaching a value of 4.32 billion by 2028.
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Global Spinal Cord Stimulation Market Trends
Spinal cord stimulation is a method used to relieve pain by using a spinal cord stimulator device that is surgically placed under the skin. The device is used to deliver low levels of electricity directly to the spinal cord. These devices can be used by healthcare providers, along with other pain management treatments and reduce the need for medications.
- Increasing restrictions on opioid medication for pain relief has propelled the demand for spinal cord stimulation due to the need for non-opioid alternative treatment solutions. Opioid medication can lead to addiction among patients, due to which, restrictions are being placed to reduce the utilisation of opioids.
- The rising prevalence of cases related to chronic pain is one of the key factors propelling the global market for spinal cord stimulators. With the development of the market, new spinal cord stimulation therapy guidelines can enhance the spinal cord stimulation market development.
- In addition, the rapidly developing healthcare sector has created opportunities for innovations and improved treatment methods for spinal cord injuries. One such development is Epidural stimulation, which utilizes surgically implanted electrodes to deliver current to the dorsal aspect.
Global Spinal Cord Stimulation Market Analysis
Based on type, the market can be segmented into rechargeable and non-rechargeable. Based on the disease, the market bifurcations include failed back surgery syndrome, degenerative disc disease, complex regional pain syndrome, arachnoiditis, and ischemic limb pain, among others. Based on end-use, the market can be divided into hospitals, ambulatory surgical units, and speciality clinics. The regional markets for the spinal cord stimulation market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- Abbott Laboratories
- Medtronic Plc
- Boston Scientific Corporation
- Nevro Corp.
- Stimwave LLC
- Others
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Types of Spinal Cord Stimulation Devices in the Market
The global market for spinal cord stimulation has different types of devices, such as rechargeable and non-rechargeable. Rechargeable devices are growing rapidly in demand and are expected to hold the largest market share. The development of the market segment can be attributed to the cost-effectiveness and flexibility, and it enables remote treatment to be conducted. In addition, these devices reduce the number of surgeries which helps in reducing the patient’s discomfort and complications.
Diseases in the Spinal Cord Market
Based on the diseases, the market can be segmented into failed back surgery syndrome, degenerative disc disease, complex regional pain syndrome, arachnoiditis, and ischemic limb pain, among others.
The failed back surgery syndrome segment is expected to lead the segment owing to the rising number of patients enrolling for the treatment of failed back pain. The increasing number of spinal surgeries done around the world is likely to enhance the market growth.
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Competitive Landscape
Abbott Laboratories is an American multinational medical device and healthcare company, which was founded in 1888. The company has a large product portfolio related to technologies for various fields, including healthcare, diagnostics, medical devices, nutritional supplements, and generic medicines. The company offers their products in more than 160 countries.
Medtronic Plc is one of the leading medical technology companies, founded in 1949. The company's headquarter is located in Dublin, Ireland. The company has developed their product portfolio based on different fields including cardiovascular, diabetes, digestion, neurological, spinal and orthopaedic, and urological.
Boston Scientific Corporation is a multinational biotechnology and engineering company, operating to develop innovative devices and treatment solutions for chronic diseases and life-threatening conditions. The company operates across more than 100 countries to provide healthcare services. The company was founded in 1979 and has been developing various products related cardiovascular treatment, pacemakers, remote patient monitoring, and critical care products.
Other market players include Nevro Corp. and Stimwave LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Disease |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Spinal Cord Stimulation Market Analysis
8.1 Key Industry Highlights
8.2 Global Spinal Cord Stimulation Historical Market (2018-2022)
8.3 Global Spinal Cord Stimulation Market Forecast (2023-2028)
8.4 Global Spinal Cord Stimulation Market by Type
8.4.1 Rechargeable
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Non- Rechargeable
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Spinal Cord Stimulation Market by Disease
8.5.1 Failed Back Surgery Syndrome (FBSS)
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Degenerative Disc Disease (DDD)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Complex Regional Pain Syndrome (CRPS)
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Arachnoiditis
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Ischemic Limb Pain
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Spinal Cord Stimulation Market by End User
8.6.1 Hospitals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Ambulatory Surgical Units
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Specialty Clinics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Spinal Cord Stimulation Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Spinal Cord Stimulation Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Spinal Cord Stimulation Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Spinal Cord Stimulation Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Bangladesh
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Spinal Cord Stimulation Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Mexico
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Argentina
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Spinal Cord Stimulation Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 South Africa
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 Nigeria
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Abbott Laboratories
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Medtronic Plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Boston Scientific Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nevro Corp.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Stimwave LLC,
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Spinal Cord Stimulation Market: Key Industry Highlights, 2018 and 2028
2. Global Spinal Cord Stimulation Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Spinal Cord Stimulation Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Spinal Cord Stimulation Historical Market: Breakup by Disease (USD Billion), 2018-2022
5. Global Spinal Cord Stimulation Market Forecast: Breakup by Disease (USD Billion), 2023-2028
6. Global Spinal Cord Stimulation Historical Market: Breakup by End User (USD Billion), 2018-2022
7. Global Spinal Cord Stimulation Market Forecast: Breakup by End User (USD Billion), 2023-2028
8. Global Spinal Cord Stimulation Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Spinal Cord Stimulation Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Spinal Cord Stimulation Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Spinal Cord Stimulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Spinal Cord Stimulation Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Spinal Cord Stimulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Spinal Cord Stimulation Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Spinal Cord Stimulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Spinal Cord Stimulation Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Spinal Cord Stimulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Spinal Cord Stimulation Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Spinal Cord Stimulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Spinal Cord Stimulation Market Structure
Key Questions Answered in the Report
The global market for spinal cord Stimulation reached a size of USD 2.71 billion in 2022.
The market is expected to grow at a CAGR of 8.10% during the forecast period of 2023-2028.
The market is expected to reach a value of USD 4.32 billion by 2028.
The market growth is driven by the growing demand for spinal cord stimulation due to the rising prevalence of spinal cord injuries and surgeries conducted around the world and the rapidly developing healthcare technology.
The increasing demand for non-invasive treatment methods and increasing restrictions on opioid medication can aid the market development.
The regional markets include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The types of devices available in the market include rechargeable and non-rechargeable.
The types of diseases include failed back surgery syndrome, degenerative disc disease, complex regional pain syndrome, arachnoiditis, and ischemic limb pain, among others.
The spinal cord stimulation treatments are utilised by hospitals, ambulatory surgical units, and speciality clinics.
The key players in the market include Abbott Laboratories, Medtronic Plc, Boston Scientific Corporation, Nevro Corp., and Stimwave LLC, among others.
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