June 08, 2021
According to the research report titled ‘Spinal Cord Stimulators (SCS) Market Insights, Competitive Landscape and Market Forecast-2026’, available with Market Study Report LLC, global spinal cord stimulators (SCS) market is slated to record a strong compound annual growth rate through 2026.
Favorable reimbursement and insurance coverage policies along with booming elderly population and growing prevalence of neural disorders are propelling global spinal cord stimulators (SCS) market growth. Further, increasing number of patients with complex regional pain syndrome (CRPS), failed back syndrome, and chronic pain will continue to favor the industry growth.
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Notably, the spinal cord stimulation device is made up of a tiny wire that delivers electricity from the pulse generator to the spinal cords’ nerve fibers. These are mounted beneath the skin and send electrical signals to the spinal cord. A small cable from a pulse generator delivers current to the nerve fibers of the spinal cord in this arrangement. This device helps to reduce discomfort caused from electrical pulses by masking the pain signal before it reaches the brain, making it a highly preferred solution for patients with spinal complications.
On the contrary, hefty cost of the device and strict regulatory approvals are anticipated to limit the demand in global spinal cord stimulators (SCS) market.
Based on product landscape, the market is segmented into non-rechargeable, rechargeable, and others. The application scope of this marketplace consists of complex regional pain syndrome (CRPS), degenerative disk disease (DDD), sciatica, failed back syndrome (FBS), and others. Moving on to end user, the industry segmentation consists of ambulatory surgical centers, clinics, and hospitals.
Global spinal cord stimulators (SCS) industry, in terms of geographical analysis, is segmented into Italy, Spain, France, Germany, the United Kingdom, Japan, and the United States.
Speaking of the competitive landscape, Stimwave Technologies Inc., Greatbatch Inc. (Integer Holdings Corporation, Synapse Biomedical Inc., St. Jude Medical Inc., Nevro Corporation, Medtronic plc, and Boston Scientific Corporation are the key players operating in global spinal cord stimulators (SCS) market sphere.