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Global SpinalCord Stimulation Market is currently valued USD 1871.6 million in 2018 and it is expected to reach USD 2827.4 million by 2023 at a CAGR of 8.6%.
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RESEARCH REPORT MARCH - 2018 Spinal Cord Stimulation (SCS) Market Growth, Trends, and Forecasts (2018–2023) - Market Data Forecast SEGMENTED BY PRODUCT, AND BY END DISTRUBTION CHANNEL, SIZE, SHARE, GROWTH, TRENDS AND FORECASTS 2017-2022
Spinal Cord Stimulation (SCS) Market Overview of the Market Spinal Cord Stimulation Market Overview Spinal cord stimulation blocks the sensation of pain by using a low voltage stimulation to like a mild tingling in the area of pain. It helps the patients to better manage symptoms and will potentially decrease the use of pain medications. It may also be an option if you have an arm pain or chronic leg, and have not found relief with other therapies. spine. It is a small device implanted in the body to transmit an electrical current to the spinal cord. When it turns on, the stimulation feels The major factors that are driving the growth of the market are growing aging demographics. However, there is the number of factors that are challenging the growth of the Spinal cord Stimulation market like high cost related to therapy, stringent regulatory approvals, and major reliance on traditional SCS therapy. adult population, rising demand for minimally invasive surgeries, innovation of new technologies & therapies, increasing cases of obesity, and increasing in Spinal Cord Stimulation Market Forecast Report (2018-2023) Spinal Cord Stimulation Market was worth USD 1,871.6 Million in 2018 and estimated to reach USD 2,827.4 Million by the end of 2023 with a growth potential of 8.6%. Spinal Cord Stimulation Market Segmentation Based on Application, the market is segmented into Degenerative Disk Disease (DDD), Failed Back Syndrome (FBS), Unsuccessful Disk Surgery, Complex Regional Pain Syndrome (CRPS), Multiple Back Operations, and lumbar adhesive Arachnoiditis. Based on product type, the market is segmented into rechargeable, non-rechargeable. Based on End-users, the market is segmented into Hospitals, Ambulatory Surgery Centers (ASC’s). Based on Geography, the Spinal Cord Stimulation market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America has the highest share in the market followed by Europe and Asia-Pacific due to the presence of top manufacturers in the region. Asia-Pacific is accounted to have the highest CAGR over the forecast period owing to increasing prevalence in pain. Spinal Cord Stimulation Market Insights 1.Rechargeable devices are the largest segment with a market share of 61%, followed by Non- rechargeable Devices segment 2.Failed back surgery syndrome segment accounts for 36% of the market by the application due to the increasing number of cases, followed by complex regional pain syndrome. 3.In 2015, Medtronic and Samsung Electronics Co. Ltd. expanded their alliance to develop connected health solutions for neuromodulation patients and health care providers. 4.Nevro Corp. which has successfully received an approval for its SCS system “Senza”. Their exclusive technology delivers “HF10” therapy, “an advanced SCS therapy that provides electrical pulses to the spinal cord at a rate of up to 10,000 per second (10 kHz), as compared to old-style SCS (40 Hz and 60 Hz) 5.St. Jude Medical is the first in the industry to offer both, burst and tonic stimulation in a single device, giving patients more options for handling their pain Major Key Players Some of the major companies operating in the market are • Boston, +1 888-702-9626 | www.marketdataforecast.com | contact@marketdataforecast.com
Spinal Cord Stimulation (SCS) Market • • • • • Medtronic, Nevro, St. Jude Medical, Greatbatch, Stimwave. Reasons to Purchase this Report • Current and future global Spinal Cord Stimulation Market outlook in the developed and emerging markets Analysis of various perspectives of the market with the help of Porter’s five forces analysis Identifying the segment that is expected to dominate the market Regions that are expected to witness the fastest growth during the forecast period Identify the latest developments, market shares, and strategies employed by the major market players 3-month analyst support, along with the Market Estimate sheet (in Excel) • • • • • TABLE OF CONTENTS 1. Introduction 1.1 Market Definition 1.2 Study Deliverables 1.3 Base Currency, Base Year and Forecast Periods 1.4 General Study Assumptions 2. Research Methodology 2.1 Introduction 2.2 Research Phases 2.2.1 Secondary Research 2.2.2 Primary Research 2.2.3 Econometric Modelling 2.2.4 Expert Validation 2.3 Analysis Design 2.4 Study Timeline 3. Overview 3.1 Executive Summary 3.2 Key Inferences 3.3 Epidemology 4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC) +1 888-702-9626 | www.marketdataforecast.com | contact@marketdataforecast.com
Spinal Cord Stimulation (SCS) Market 4.1 Market Drivers 4.2 Market Restraints 4.3 Key Challenges 4.4 Current Opportunities in the Market 5. Market Segmentation 5.1 Product 5.1.1 Introduction 5.1.2 Closed System 5.1.3 Open System 5.1.4 Y-o-Y Growth Analysis, By Product 5.1.5 Market Attractiveness Analysis, By Product 5.1.6 Market Share Analysis, By Product 5.2 Technology 5.2.1 Introduction 5.2.2 Battery Powered 5.2.2.1 Recharge battery operated 5.2.2.2 Primary batter operated 5.2.3 Manual 5.2.4 Electric 5.2.5 Y-o-Y Growth Analysis, By Technology 5.2.6 Market Attractiveness Analysis, By Technology 5.2.7 Market Share Analysis, By Technology 5.3 Application 5.3.1 Introduction 5.3.2 Personal Use Pumps 5.3.3 Healthcare/hospital Grade Pumps 5.3.4 Y-o-Y Growth Analysis, By Application 5.3.5 Market Attractiveness Analysis, By Application 5.3.6 Market Share Analysis, By Application Browse full report @ https://www.marketdataforecast.com/market-reports/spinal-cord- stimulation-market-1306/ 6. Geographical Analysis +1 888-702-9626 | www.marketdataforecast.com | contact@marketdataforecast.com
Spinal Cord Stimulation (SCS) Market 6.1 Introduction 6.1.1 Regional Trends 6.1.2 Impact Analysis 6.1.3 Y-o-Y Growth Analysis 6.1.3.1 By Geographical Area 6.1.3.2 By Product 6.1.3.3 By Technology 6.1.3.4 By Application Request sample report @ https://www.marketdataforecast.com/market-reports/spinal-cord- stimulation-market-1306/request-sample 6.1.4 Market Attractiveness Analysis 6.1.4.1 By Geographical Area 6.1.4.2 By Product 6.1.4.3 By Technology 6.1.4.4 By Application 6.1.5 Market Share Analysis 6.1.5.1 By Geographical Area 6.1.5.2 By Product 6.1.5.3 By Technology 6.1.5.4 By Application Inquire before buying @ https://www.marketdataforecast.com/market-reports/spinal-cord- stimulation-market-1306/ inquire 6.2 North America 6.1.1 Introduction 6.1.2 United States 6.1.3 Canada Request discount @ https://www.marketdataforecast.com/market-reports/spinal-cord- stimulation-market-1306/ request-discount +1 888-702-9626 | www.marketdataforecast.com | contact@marketdataforecast.com
Spinal Cord Stimulation (SCS) Market 6.3 Europe 6.2.1 Introduction 6.2.2 U.K 6.2.3 Spain 6.2.4 Germany 6.2.5 Italy 6.2.6 France Buy full report @ https://www.marketdataforecast.com/cart/buy-now/spinal-cord-stimulation- market-1306/ 6.4 Asia-Pacific 6.3.1 Introduction 6.3.2 China 6.3.3 India 6.3.4 Japan 6.3.5 Australia 6.3.6 South Korea 6.5 Latin America 6.4.1 Introduction 6.4.2 Brazil 6.4.3 Argentina 6.4.4 Mexico 6.4.5 Rest of Latin America 6.6 Middle East & Africa 6.5.1 Introduction 6.5.2 Middle-East 6.5.3 Africa 7. Strategic Analysis 7.1 PESTLE analysis 7.1.1 Political 7.1.2 Economic 7.1.3 Social 7.1.4 Technological +1 888-702-9626 | www.marketdataforecast.com | contact@marketdataforecast.com
Spinal Cord Stimulation (SCS) Market 7.1.5 Legal 7.1.6 Environmental 7.2 Porter’s Five analysis 7.2.1 Bargaining Power of Suppliers 7.2.2 Bargaining Power of Consumers 7.2.3 Threat of New Entrants 7.2.4 Threat of Substitute Products and Services 7.2.5 Competitive Rivalry within the Industry 8. Market Leaders' Analysis 8.1 Medela LLC 8.1.1 Overview 8.1.2 Product Analysis 8.1.3 Financial analysis 8.1.4 Recent Developments 8.1.5 SWOT analysis 8.1.6 Analyst View 8.2 Pigeon Group (Pigeon Corporation) 8.3 Koninklijke Philips N.V. 8.4 Ameda, Inc. 8.5 Ardo Medical Ag 8.6 Evenflo Feeding, Inc. 8.7 Mayborn Group Limited (Shanghai Jahwa Co. Ltd) 8.8 Spectra Baby USA 8.9 Albert Manufacturing USA (Albert Group) 8.10 Hygeia Health 9. Competitive Landscape 9.1 Market share analysis 9.2 Merger and Acquisition Analysis 9.3 Agreements, collaborations and Joint Ventures 9.4 New Product Launches 10. Market Outlook and Investment Opportunities Appendix a) List of Tables +1 888-702-9626 | www.marketdataforecast.com | contact@marketdataforecast.com
Spinal Cord Stimulation (SCS) Market b) List of Figures SCOPE OF THE REPORT •Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped •Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail •Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics •Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis •Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development •A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment •Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies •An executive summary, abridging the entire report in such a way that decision- making personnel can rapidly become acquainted with background information, concise analysis and main conclusions •Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market +1 888-702-9626 | www.marketdataforecast.com | contact@marketdataforecast.com
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