Spinal Cord Stimulators Market report involves historic data along with future forecast and detailed analysis on a global, local & regional level. This market document has been formed by taking into thought numerous aspects of marketing research and analysis that can be enlisted as market size estimations, market dynamics, company & market best practices, entry level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, & in-depth benchmarking of vendor offerings. Market definition included in this Spinal Cord Stimulators Market research report provides the scope of particular product with respect to the driving factors and restraints in the market.
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Market Analysis: Global Spinal Cord Stimulators Market
Global spinal cord stimulators market is expected to undergo moderate growth in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. The market is expected to grow due to the rising levels of geriatric population, and chronic pain associated with this group of population.
Key Market Competitors: Global Spinal Cord Stimulators Market
Few of the major competitors currently working in the spinal cord stimulators market are Boston Scientific Corporation, Abbott, Medtronic, Nevro Corp, Stimwave LLC, Integer Holdings Corporation, Autonomic Technologies Inc., LivaNova PLC, and Nuvectra.
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Market Definition: Global Spinal Cord Stimulators Market
Spinal cord stimulators (SCS) also known as dorsal column stimulator is a type of implantable neuromodulation device that is used for the treatment of chronic pains in the human body. The device sends electric signals that blocks the pain signals so that the brain does not identify the pain.
Segmentation: Global Spinal Cord Stimulators Market
Spinal Cord Stimulators Market : By Product
- Rechargeable Spinal Cord Stimulator Systems
- Non-Rechargeable Spinal Cord Stimulator Systems
Spinal Cord Stimulators Market : By Application
- FBS (Failed Back Syndrome)
- Degenerative Disk Disease
Spinal Cord Stimulators Market : By Geography
- North America
- South America
- Middle East & Africa
Key Developments in the Spinal Cord Stimulators Market :
- In January 2018, Nevro Corp announced that they had received US Food and Drug Administration approval for its spinal cord stimulation system “Senza II Spinal Cord Stimulation (SCS) System”, delivering HF10 therapy.
- In January 2017, Abbott announced the acquisition of St. Jude Medical Inc., along with its entire product portfolio along with the pharmaceuticals division. This acquisition is expected to create a global leader in medical devices.
Spinal Cord Stimulators Market Drivers:
- Rising levels of geriatric population globally giving rise to the population suffering from chronic pain
- Rising prevalence of minimally invasive surgeries and technological advancements regarding the products available is also expected to drive the market growth
Spinal Cord Stimulators Market Restraints:
- Side effects associated with the therapy and avoidance of the usage of this therapy in patients undergoing anticoagulation therapies as well as usage of any electronic devices in the human body
- High cost of products and lack of proper reimbursements with the devices is also expected to act as a restraint to the market growth
Reasons to Purchase this Report:
- Current and future of global spinal cord stimulators market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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