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How Significant is the Anticipated Growth Rate of the Spinal Cord Stimulation Market from 2025 to 2034?

The spinal cord stimulation market has grown significantly in recent years. It is projected to expand from $3.14 billion in 2024 to $3.42 billion in 2025, with a CAGR of 8.8%. Growth in the past period was attributed to an aging population, increasing cases of chronic pain, rising awareness of spinal cord stimulation, and higher demand for non-invasive pain management solutions.

The spinal cord stimulation market is poised for substantial growth, reaching $4.78 billion in 2029 at a CAGR of 8.7%. The expansion will be fueled by advancements in innovative stimulation therapies, a broader range of medical indications for spinal cord stimulation, rising demand for minimally invasive procedures, increasing investment in R&D, and favorable reimbursement policies. Notable trends in this period include the incorporation of artificial intelligence in spinal cord stimulation devices, the emergence of non-paraesthesia-based stimulation, an emphasis on expanding market reach in developing economies, the growing adoption of rechargeable stimulators, and a patient-centric approach in product development.

What External and Internal Drivers Are Contributing to the Growth of the Market’s Growth?

The rising incidence of spinal cord injuries is projected to boost the growth of the spinal cord stimulation market in the future. Spinal cord injuries involve damage to the spinal cord or nerves at the spinal canal’s end, often resulting from traumatic incidents or domestic accidents. Spinal cord stimulation, which delivers low-voltage electricity to the spinal cord, is used to manage pain associated with these injuries. For instance, in May 2022, the National Library of Medicine, a US-based government library, noted that spinal cord injuries affect between 250,000 and 500,000 people globally each year. In the US alone, approximately 17,000 new spinal cord injuries are reported annually, with an estimated 282,000 survivors. Thus, the increasing incidence of spinal cord injuries is propelling the spinal cord stimulation market.

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Who Are the Dominant Players Pushing the Boundaries of the Spinal Cord Stimulation Market?

Major companies operating in the spinal cord stimulation market include:

• Abbott Laboratories_x000D_

• Medtronic PLC_x000D_

• Stryker Corporation_x000D_

• Boston Scientific Corp._x000D_

• LivaNova PLC_x000D_

How Are Market Trends Revolutionizing the Spinal Cord Stimulation Industry in Recent Times?

Technological innovations are advancing the spinal cord stimulation market. Companies in this sector are developing cutting-edge solutions for chronic pain management. For instance, in December 2022, Abbott Laboratories, a US-based medical device company, introduced the Eterna Spinal Cord Stimulation (SCS) System. Eterna is the smallest implantable rechargeable spinal cord stimulator available and incorporates Abbott’s proprietary low-dose BurstDR stimulation technology. This clinically proven therapy provides 23% greater pain relief than conventional waveform stimulation methods, offering a more effective solution for patients suffering from chronic pain.

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Which Industry Segments Are Leading the Development and Expansion of the Spinal Cord Stimulation Market?

The spinal cord stimulation market covered in this report is segmented –

1) By Product: Rechargeable, Non-rechargeable

2) By Application: Failed Back Surgery Syndrome (FBSS), Degenerative Disc Disease (DDD), Complex Regional Pain Syndrome (CRPS), Arachnoiditis, Other Disease Indications

3) By End User: Hospitals, Ambulatory Surgery Centers, Specialty Clinics

Subsegments:

1) By Rechargeable: Implantable Pulse Generators (IPGs), Rechargeable Lead Systems

2) By Non-Rechargeable: Non-Rechargeable Implantable Pulse Generators (IPGs), Non-Rechargeable Lead Systems

Which Geographic Areas Are Influencing the Growth of the Spinal Cord Stimulation Market?

North America was the largest region in the spinal cord stimulation 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 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can We Define the Spinal Cord Stimulation Market and Its Key Components?

Spinal cord stimulation is a relatively new technique that can assist in managing chronic pain when the damage or cause cannot be healed. It delivers electrical pulses directly into the spinal cord to control pain.

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