The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Spinal Cord Stimulation Global Market Report 2023, the spinal cord stimulation market is expected to show significant growth in the forecast period.

Key insights from the spinal cord stimulation market forecast include:

1. Market Size
   The global spinal cord stimulation market is projected to increase from $2.6 billion in 2022 to $2.85 billion in 2023, with a 9.7% CAGR, and is anticipated to reach $3.96 billion in 2027 at an 8.5% CAGR.
2. Major Driver
   The rising incidence of spinal cord injuries drives the spinal cord stimulation market. Spinal cord injuries result from traumatic incidents and domestic accidents, with treatment primarily involving spinal cord stimulation to alleviate pain. In May 2022, the US National Library of Medicine reported annual global spinal cord injury cases ranging from 250,000 to 500,000, with approximately 17,000 new cases in the US annually, and an estimated 282,000 Americans living as spinal cord injury survivors. Consequently, the increasing prevalence of spinal cord injuries fuels the growth of the spinal cord stimulation market.

View More On The Spinal Cord Stimulation Market Report 2023 – https://www.thebusinessresearchcompany.com/report/spinal-cord-stimulation-global-market-report

3. Key Trend
   Technology advancements are a prominent trend in the spinal cord stimulation market, with major companies focusing on technologically advanced solutions for market competitiveness. For example, in December 2022, US-based Abbott Laboratories launched the Eterna spinal cord stimulation system, recognized as the smallest implantable, rechargeable spinal cord stimulator for chronic pain management. Eterna SCS utilizes Abbott’s low-dose BurstDR stimulation, the sole SCS waveform technology with extensive clinical support (1A evidence), demonstrating 23% greater pain relief compared to traditional waveform technologies.
4. Largest Region
   North America was the largest region in the spinal cord stimulation market in 2022.
5. Major Players
   Major players in the spinal cord stimulation market are NeuroPace Inc., Abbott Laboratories, Medtronic PLC, Stryker Corporation, Boston Scientific Corp., LivaNova PLC, Globus Medical Inc., ZimVie Inc., Avanos Medical Inc., Inspire Medical Systems 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, and NeuroSigma Inc.

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Key Spinal Cord Stimulation Market Segments
The global spinal cord stimulation market 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

The Spinal Cord Stimulation Global Market Report 2023  provides an in-depth analysis on the spinal cord stimulation market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the spinal cord stimulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Neurostimulation Devices Global Market Report 2023
Orthopedic Devices Global Market Report 2023
Spinal Surgery Devices And Equipment Global Market Report 2023

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