Key Insights into the Spinal Cord Stimulation Devices Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Spinal Cord Stimulation Devices Market?
The escalation in cases involving chronic pain is projected to fuel the expansion of the spinal cord stimulation devices market in the future. Chronic pain refers to persistent discomfort that lasts for 12 weeks or more, often arising from conditions such as arthritis, neuropathy, or lower back pain. The increasing incidence of chronic pain can be linked to various factors, such as an aging demographic, lifestyle modifications, chronic health issues, and injury or trauma. Spinal cord stimulation (SCS) devices modify pain signals using electric impulses, thus offering alleviation for chronic ailments. For instance, the Centers for Disease Control and Prevention, a US government agency, reported in November 2024 that 24.3% of adults experienced chronic pain in 2023, with 8.5% having high-impact chronic pain, which constituted 34.9% of those suffering from chronic pain. Consequently, the growing prevalence of chronic pain is propelling the spinal cord stimulation devices market’s growth.
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#What Growth Opportunities Will Drive the Spinal Cord Stimulation Devices Market’s CAGR Through 2034?
The market for spinal cord stimulation devices has witnessed significant growth in recent years. The market value, projected to be $2.74 billion in 2024, will further increase to $2.99 billion in 2025, with a compound annual growth rate (CAGR) of 9.01%. This historical growth could be attributed to factors such as improved clinical results, increased patient satisfaction, heightened awareness about pain management alternatives, enhanced reimbursement support, growth in clinical research and regulatory approvals, as well as expansion in pain management clinics and centers.
The market for spinal cord stimulation devices is projected to witness robust expansion in the coming years, scaling up to $4.18 billion in 2029 with a compound annual growth rate (CAGR) of 8.75%. This upward trend during the forecast period is due to the escalating prevalence of chronic pain disorders, amplified need for non-opioid pain control measures, an augmenting senior citizen demographic, favorable reimbursement procedures, increased acceptance of wireless and rechargeable devices, as well as heightened consciousness of neuromodulation treatments among medical practitioners and patients. Key trends over the forecast period encompass advancements in minimally invasive procedures, enhanced wireless and rechargeable devices, progress in frequency stimulation, adoption of closed-loop feedback mechanisms, integration of wireless communication, sophisticated waveform options, and customized pain management schemes.
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What New Market Trends Are Reshaping theSpinal Cord Stimulation Devices Market and Its Opportunities?
Firms in the spinal cord stimulation devices market, such as Abbott Laboratories, are steering their focus towards the creation of more evolved technology, like rechargeable spinal cord stimulation systems, with the aim of improving results for patients, increasing the life of the device, and offering tailored pain management options for chronic pain sufferers. These rechargeable spinal cord stimulation (SCS) systems are high-end medical tools designed to regulate chronic pain through the transmission of electrical impulses to the spine. Taking an example, Abbott Laboratories, a medical device manufacturer based in the US, got the go-ahead from the US Food and Drug Administration (FDA) for its pioneering chronic pain management solution, the Eterna spinal cord stimulation (SCS) system, in December 2022. This revolutionary device, with a compact design and state-of-the-art features, assures increased comfort and less physical strain for patients. The rechargeable aspect guarantees prolonged usability, reducing the necessity for surgical substitutes and offering more convenience. The system comes with meticulous stimulation options, enabling custom-made pain relief that caters to each individual’s requirements. Its sleek design is conducive to minimally invasive insertion, thus decreasing the recovery period and enhancing patient results overall.
Who Are the Leading Market Players Fueling Growth in the Spinal Cord Stimulation Devices Market Trend?
Major companies operating in the spinal cord stimulation devices market are Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Nevro Corp., Bluewind Medical, NeuroPace Inc., Vertos Medical Inc., SPR Therapeutics Inc., Saluda Medical Pty Ltd., Stimwave Technologies Inc., Nuvectra Inc., Soterix Medical Inc., Synapse Biomedical, ONWARD Medical NV, NeuroSigma Inc., Nalu Medical Inc., Neurostim Technologies, SpineX Inc., Aleva Neurotherapeutics SA, GTX Medical BV
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How is the Global Spinal Cord Stimulation Devices Market Segemented?
The spinal cord stimulation devices market covered in this report is segmented –
1) By Type: Implantable Spinal Cord Stimulators, Non-Implantable Spinal Cord Stimulators
2) By Product Type: Rechargeable Devices, Non-Rechargeable Devices
3) By Application: Failed Back Surgery Syndrome, Complex Regional Pain Syndrome, Degenerative Disc Disease, Unsuccessful Disk Surgery, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Neuro Clinics
Subsegments:
1) By Implantable Spinal Cord Stimulators: Rechargeable Spinal Cord Stimulators, Non-Rechargeable Spinal Cord Stimulators, Multi-Lead Implantable Spinal Cord Stimulators
2) By Non-Implantable Spinal Cord Stimulators: External Spinal Cord Stimulators, Wearable Spinal Cord Stimulators, Transcutaneous Spinal Cord Stimulators
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Which Geographics are Influencing the Growth of the Spinal Cord Stimulation Devices Market?
North America was the largest region in the spinal cord stimulation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spinal cord stimulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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