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Spinal Cord Stimulator Trends and Forecast
The future of the global spinal cord stimulator market looks promising with opportunities in the hospital & clinic and ambulatory surgical center markets. The global spinal cord stimulator market is expected to reach an estimated $4.2 billion by 2030 with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are growing need for less invasive medical treatments, increase in people experiencing the syndrome of unsuccessful back surgery, and rising number of people are experiencing neuropathic and chronic pain.
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Spinal Cord Stimulator by Segment
The study includes a forecast for the global spinal cord stimulator by type, application, end use, and region.
Spinal Cord Stimulator Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Conventional Implantable Pulse Generator
• Rechargeable Implantable Pulse Generator
• Radiofrequency Stimulator
Spinal Cord Stimulator Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Failed Back Surgery Syndrome
• Complex Regional Pain Syndrome
• Arachnoiditis
• Sciatica
• Degenerative Disc Disease
• Others
Spinal Cord Stimulator Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals & Clinics
• Ambulatory Surgical Center
• Others
Spinal Cord Stimulator Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Spinal Cord Stimulator Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies spinal cord stimulator companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the spinal cord stimulator companies profiled in this report include-
• Boston Scientific
• Abbott
• Nevro
• Medtronic
• Stimwave
• Nuvectra
• Beijing PINS Medical
• Cirtec
• Synapse Biomedical
• NeuroSigma
Spinal Cord Stimulator Market Insights
Lucintel forecasts that failed back surgery syndrome will remain the largest segment over the forecast period due to the growth in the use of spinal cord stimulation therapy and the number of spinal surgeries performed.
North America will remain the largest region over the forecast period due to the increased frequency of unsuccessful back surgery syndrome and the existence of large market participants.
Features of the Global Spinal Cord Stimulator Market
Market Size Estimates: Spinal cord stimulator market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Spinal cord stimulator market size by type, application, end use, and region in terms of value ($B).
Regional Analysis: Spinal cord stimulator market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, end use, and regions for the spinal cord stimulator market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the spinal cord stimulator market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the spinal cord stimulator market size?
Answer: The global spinal cord stimulator market is expected to reach an estimated $4.2 billion by 2030.
Q2. What is the growth forecast for spinal cord stimulator market?
Answer: The global spinal cord stimulator market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the spinal cord stimulator market?
Answer: The major drivers for this market are growing need for less invasive medical treatments, increase in people experiencing the syndrome of unsuccessful back surgery, and rising number of people are experiencing neuropathic and chronic pain.
Q4. What are the major segments for spinal cord stimulator market?
Answer: The future of the global spinal cord stimulator market looks promising with opportunities in the hospital & clinic and ambulatory surgical center markets.
Q5. Who are the key spinal cord stimulator market companies?
Answer: Some of the key spinal cord stimulator companies are as follows:
• Boston Scientific
• Abbott
• Nevro
• Medtronic
• Stimwave
• Nuvectra
• Beijing PINS Medical
• Cirtec
• Synapse Biomedical
• NeuroSigma
Q6. Which spinal cord stimulator market segment will be the largest in future?
Answer: Lucintel forecasts that failed back surgery syndrome will remain the largest segment over the forecast period due to the growth in the use of spinal cord stimulation therapy and the number of spinal surgeries performed.
Q7. In spinal cord stimulator market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the increased frequency of unsuccessful back surgery syndrome and the existence of large market participants.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the spinal cord stimulator market by type (conventional implantable pulse generator, rechargeable implantable pulse generator, and radiofrequency stimulator), application (failed back surgery syndrome, complex regional pain syndrome, arachnoiditis, sciatica, degenerative disc disease, and others), end use (hospitals & clinics, ambulatory surgical center, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Spinal Cord Stimulator Market, Spinal Cord Stimulator Market Size, Spinal Cord Stimulator Market Growth, Spinal Cord Stimulator Market Analysis, Spinal Cord Stimulator Market Report, Spinal Cord Stimulator Market Share, Spinal Cord Stimulator Market Trends, Spinal Cord Stimulator Market Forecast, Spinal Cord Stimulator Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Spinal Cord Stimulator Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Spinal Cord Stimulator Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Spinal Cord Stimulator Market by Type
3.3.1: Conventional Implantable Pulse Generator
3.3.2: Rechargeable Implantable Pulse Generator
3.3.3: Radiofrequency Stimulator
3.4: Global Spinal Cord Stimulator Market by Application
3.4.1: Failed Back Surgery Syndrome
3.4.2: Complex Regional Pain Syndrome
3.4.3: Arachnoiditis
3.4.4: Sciatica
3.4.5: Degenerative Disc Disease
3.4.6: Others
3.5: Global Spinal Cord Stimulator Market by End Use
3.5.1: Hospitals & Clinics
3.5.2: Ambulatory Surgical Center
3.5.3: others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Spinal Cord Stimulator Market by Region
4.2: North American Spinal Cord Stimulator Market
4.2.1: North American Spinal Cord Stimulator Market by Application: Failed Back Surgery Syndrome, Complex Regional Pain Syndrome, Arachnoiditis, Sciatica, Degenerative Disc Disease, and Others
4.2.2: North American Spinal Cord Stimulator Market by End Use: Hospitals & Clinics, Ambulatory Surgical Center, and others
4.3: European Spinal Cord Stimulator Market
4.3.1: European Spinal Cord Stimulator Market by Application: Failed Back Surgery Syndrome, Complex Regional Pain Syndrome, Arachnoiditis, Sciatica, Degenerative Disc Disease, and Others
4.3.2: European Spinal Cord Stimulator Market by End Use: Hospitals & Clinics, Ambulatory Surgical Center, and others
4.4: APAC Spinal Cord Stimulator Market
4.4.1: APAC Spinal Cord Stimulator Market by Application: Failed Back Surgery Syndrome, Complex Regional Pain Syndrome, Arachnoiditis, Sciatica, Degenerative Disc Disease, and Others
4.4.2: APAC Spinal Cord Stimulator Market by End Use: Hospitals & Clinics, Ambulatory Surgical Center, and others
4.5: ROW Spinal Cord Stimulator Market
4.5.1: ROW Spinal Cord Stimulator Market by Application: Failed Back Surgery Syndrome, Complex Regional Pain Syndrome, Arachnoiditis, Sciatica, Degenerative Disc Disease, and Others
4.5.2: ROW Spinal Cord Stimulator Market by End Use: Hospitals & Clinics, Ambulatory Surgical Center, and others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Spinal Cord Stimulator Market by Type
6.1.2: Growth Opportunities for the Global Spinal Cord Stimulator Market by Application
6.1.3: Growth Opportunities for the Global Spinal Cord Stimulator Market by End Use
6.1.4: Growth Opportunities for the Global Spinal Cord Stimulator Market by Region
6.2: Emerging Trends in the Global Spinal Cord Stimulator Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Spinal Cord Stimulator Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Spinal Cord Stimulator Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Boston Scientific
7.2: Abbott
7.3: Nevro
7.4: Medtronic
7.5: Stimwave
7.6: Nuvectra
7.7: Beijing PINS Medical
7.8: Cirtec
7.9: Synapse Biomedical
7.10: NeuroSigma
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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