Market Definition: Global Spinal Cord Stimulators Market
Spinal cord stimulators (SCS) also known as dorsal column stimulator is a type of implantable neuromodulation device that is used for the treatment of chronic pains in the human body. The device sends electric signals that blocks the pain signals so that the brain does not identify the pain.
Market Analysis: Global Spinal Cord Stimulators Market
Global spinal cord stimulators market is expected to undergo moderate growth in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. The market is expected to grow due to the rising levels of geriatric population, and chronic pain associated with this group of population
Key Market Competitors: Global Spinal Cord Stimulators Market
Few of the major competitors currently working in the spinal cord stimulators market are:
- Boston Scientific Corporation
- Nevro Corp
- Stimwave LLC
- Integer Holdings Corporation
Autonomic Technologies Inc., LivaNova PLC, and Nuvectra.
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Global spinal cord stimulators market
is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spinal cord stimulators market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa
The Research Segmented on the basis of –
- By Product
- By Application
- By Geography
- North America
- South America
- Middle East & Africa.
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By employing definite steps to collect, record, and analyse market data, this spinal cord stimulators market research report has been prepared. In addition to detailing about competitive landscape of the key players, this report also offers complete and distinct analysis of the market drivers and restraints, detailed analysis of the market segmentation, key developments in the market and details of research methodology. This market report helps uncover the general market conditions and tendencies. spinal cord stimulators market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors.
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Key Developments in the Market:
- In January 2018, Nevro Corp announced that they had received US Food and Drug Administration approval for its spinal cord stimulation system “Senza II Spinal Cord Stimulation (SCS) System”, delivering HF10 therapy.
- In January 2017, Abbott announced the acquisition of St. Jude Medical Inc., along with its entire product portfolio along with the pharmaceuticals division. This acquisition is expected to create a global leader in medical devices.
- Rising levels of geriatric population globally giving rise to the population suffering from chronic pain
- Rising prevalence of minimally invasive surgeries and technological advancements regarding the products available is also expected to drive the market growth
- Side effects associated with the therapy and avoidance of the usage of this therapy in patients undergoing anticoagulation therapies as well as usage of any electronic devices in the human body
- High cost of products and lack of proper reimbursements with the devices is also expected to act as a restraint to the market growth
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report:
- Current and future of global spinal cord stimulators market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players