Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the spinal cord stimulation market size evolved in recent years?

The market size for spinal cord stimulation has experienced considerable expansion in the previous years. The market is expected to increase from $3.14 billion in 2024 to $3.42 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. This robust growth during the past period is linked to factors such as an aging population, a surge in chronic pain occurrences, heightened awareness about spinal cord stimulation, and a growing need for non-invasive pain control methods.

What are the predictions for the spinal cord stimulation market size in the coming years?

The market size of spinal cord stimulation is anticipated to register robust growth in the upcoming years, reaching $4.78 billion by 2029, with a compound annual growth rate (CAGR) of 8.7%. This expansion during the forecast period can be credited to the emergence of inventive stimulation therapies, widening applications for spinal cord stimulation, burgeoning demand for minimally invasive methods, escalated investment in research and development, and favorable reimbursement policies. Noteworthy trends expected during this period are the incorporation of artificial intelligence in spinal cord stimulation apparatus, the development of non-paraesthesia-based stimulation, efforts to broaden market foothold in rising economies, the preference for rechargeable stimulators, along with a focus on patient-oriented strategies in product creation.

Get your spinal cord stimulation market report here!

https://www.thebusinessresearchcompany.com/report/spinal-cord-stimulation-global-market-report

What key factors are fueling the growth of the spinal cord stimulation market?

The escalating occurrence of spinal cord damages is anticipated to fuel the expansion of the spinal cord stimulation market. Spinal cord damages are defined as any harm inflicted on the spinal cord or nerves at the termination of the spinal canal. These injuries are predominantly due to traumatic causes and household accidents. Treatment for these injuries often involves spinal cord stimulation, a process that applies low-voltage electricity to the spinal cord to decrease pain. For instance, the National Library of Medicine, a government library in the US, reported in May 2022 that spinal cord injuries worldwide impact between 250,000 and 500,000 people every year. About 17,000 new cases of spinal cord injuries are recorded annually in the US, with an estimated 282,000 Americans thought to be survivors of spinal cord injuries. Thus, the escalating occurrence of spinal cord injuries is driving the growth of the spinal cord stimulation market.

How is the global spinal cord stimulation market divided into key segments?

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

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=12180&type=smp

Who are the key firms paving the way for growth in the spinal cord stimulation market?

Major companies operating in the spinal cord stimulation market include Abbott Laboratories, Medtronic PLC, Stryker Corporation, Boston Scientific Corp., LivaNova PLC, Globus Medical Inc., ZimVie Inc., Avanos Medical Inc. , Nevro Corp., Axonics Modulation Technologies Inc., SPR Therapeutics Inc., BlueWind Medical, Bioness Inc., Saluda Medical Pty. Ltd., Soterix Medical Inc., Synapse Biomedical Inc., NeuroMetrix Inc., NDI Medical LLC, Neuros Medical Inc., Cirtec Medical Corp., Mainstay Medical International plc, Gimer Medical

Which trends are expected to transform the spinal cord stimulation market?

Technological advancements are emerging as a significant trend in the spinal cord stimulation market. Mainstream companies in this market are concentrating on creating highly advanced solutions to maintain their market dominance. An example of this is when Abbott Laboratories, a medical device firm based in the US, introduced the Eterna spinal cord stimulation system in December 2022 for chronic treatment. Currently, this is the smallest implantable and rechargeable spinal cord stimulator available on the market for managing chronic pain. Abbott’s BurstDR stimulation, a unique SCS waveform technology with the most substantial clinical evidence (1A evidence), is utilized in the Eterna SCS. Research has shown that it reduces pain by 23% more than the traditional waveform technology methods.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12180

What regions are contributing significantly to 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.

Browse Through More Similar Reports By The Business Research Company:

Automotive Logistics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/automotive-logistics-global-market-report

Chemical Logistics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/chemical-logistics-global-market-report

Freight And Logistics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/freight-and-logistics-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: