Spinal Cord Stimulator Market Report: Trends, Forecast and Competitive Analysis to 2030

Spinal Cord Stimulator Trends and Forecast

The future of the global spinal cord stimulator market looks promising with opportunities in the hospital & clinic and ambulatory surgical center markets. The global spinal cord stimulator market is expected to reach an estimated $4.2 billion by 2030 with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are growing need for less invasive medical treatments, increase in people experiencing the syndrome of unsuccessful back surgery, and rising number of people are experiencing neuropathic and chronic pain.

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Spinal Cord Stimulator by Segment

The study includes a forecast for the global spinal cord stimulator by type, application, end use, and region.

Spinal Cord Stimulator Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Conventional Implantable Pulse Generator
• Rechargeable Implantable Pulse Generator
• Radiofrequency Stimulator

Spinal Cord Stimulator Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Failed Back Surgery Syndrome
• Complex Regional Pain Syndrome
• Arachnoiditis
• Sciatica
• Degenerative Disc Disease
• Others

Spinal Cord Stimulator Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals & Clinics
• Ambulatory Surgical Center
• Others

Spinal Cord Stimulator Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Spinal Cord Stimulator Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies spinal cord stimulator companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the spinal cord stimulator companies profiled in this report include-

• Boston Scientific
• Abbott
• Nevro
• Medtronic
• Stimwave
• Nuvectra
• Beijing PINS Medical
• Cirtec
• Synapse Biomedical
• NeuroSigma

Spinal Cord Stimulator Market Insights

Lucintel forecasts that failed back surgery syndrome will remain the largest segment over the forecast period due to the growth in the use of spinal cord stimulation therapy and the number of spinal surgeries performed.

North America will remain the largest region over the forecast period due to the increased frequency of unsuccessful back surgery syndrome and the existence of large market participants.

Features of the Global Spinal Cord Stimulator Market

Market Size Estimates: Spinal cord stimulator market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Spinal cord stimulator market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Spinal cord stimulator market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, end use, and regions for the spinal cord stimulator market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the spinal cord stimulator market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the spinal cord stimulator market size?

Answer: The global spinal cord stimulator market is expected to reach an estimated $4.2 billion by 2030.

Q2. What is the growth forecast for spinal cord stimulator market?

Answer: The global spinal cord stimulator market is expected to grow with a CAGR of 8.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the spinal cord stimulator market?

Answer: The major drivers for this market are growing need for less invasive medical treatments, increase in people experiencing the syndrome of unsuccessful back surgery, and rising number of people are experiencing neuropathic and chronic pain.

Q4. What are the major segments for spinal cord stimulator market?

Answer: The future of the global spinal cord stimulator market looks promising with opportunities in the hospital & clinic and ambulatory surgical center markets.

Q5. Who are the key spinal cord stimulator market companies?

Answer: Some of the key spinal cord stimulator companies are as follows.

• Boston Scientific
• Abbott
• Nevro
• Medtronic
• Stimwave
• Nuvectra
• Beijing PINS Medical
• Cirtec
• Synapse Biomedical
• NeuroSigma

Q6. Which spinal cord stimulator market segment will be the largest in future?

Answer: Lucintel forecasts that failed back surgery syndrome will remain the largest segment over the forecast period due to the growth in the use of spinal cord stimulation therapy and the number of spinal surgeries performed.

Q7. In spinal cord stimulator market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the increased frequency of unsuccessful back surgery syndrome and the existence of large market participants.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the spinal cord stimulator market by type (conventional implantable pulse generator, rechargeable implantable pulse generator, and radiofrequency stimulator), application (failed back surgery syndrome, complex regional pain syndrome, arachnoiditis, sciatica, degenerative disc disease, and others), end use (hospitals & clinics, ambulatory surgical center, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?