The global Spinal Cord Stimulation (SCS) Devices market was valued at US$ 2399.1 million in 2019 and is expected to reach US$ 3453 million by the end of 2026, growing at a CAGR of 6.6% during 2021-2026.
A Spinal Cord Stimulator (SCS) or Dorsal Column Stimulator (DCS) is a type of implantable neuromodulation device (sometimes called a “pain pacemaker”) that is used to send electrical signals to select areas of the spinal cord (dorsal columns) for the treatment of certain pain conditions. SCS is a consideration for people who have a pain condition that has not responded to more conservative therapy.
The classification of spinal cord stimulation devices includes rechargeable type and non-rechargeable type. The proportion of rechargeable type in 2019 is about 69%, and the proportion is in increasing trend from 2015 to 2019.
Spinal cord stimulation devices are widely used in Hospitals and Ambulatory Surgery Centers. The most proportion of spinal cord stimulation devices is used in Hospitals, and the proportion in 2019 is 71%.
North America is the largest consumption place, with a consumption market share nearly 57.7% in 2019. Following North America, Europe is the second largest consumption place with the consumption market share of 24%.
Market competition is intense. Medtronic, Boston Scientific, Abbott (St. Jude Medical), Nevro, Nuvectra are the leaders of the industry. And top 3 account for around 79% of the total market share. These existing companies are making investments in several research activities to launch new devices.
Global Spinal Cord Stimulation (SCS) Devices Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Spinal Cord Stimulation (SCS) Devices Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Medtronic, Boston Scientific, Abbott (St. Jude Medical), Nevro, Nuvect and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Rechargeable SCS
- Non-Rechargeable SCS
Segment by Application
- Ambulatory Surgery Centers
Table of Content:
1 Spinal Cord Stimulation (SCS) Devices Market Overview
2 Spinal Cord Stimulation (SCS) Devices Market Competition by Manufacturers
3 Spinal Cord Stimulation (SCS) Devices Retrospective Market Scenario by Region
4 Global Spinal Cord Stimulation (SCS) Devices Historic Market Analysis by Type
5 Global Spinal Cord Stimulation (SCS) Devices Historic Market Analysis by Application
6 Key Companies Profiled
7 Spinal Cord Stimulation (SCS) Devices Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Spinal Cord Stimulation (SCS) Devices Market Dynamics
10 Global Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Erik Brady is a news media and fitness professional with a strong experience in online journalism as well as he is a well-known fitness instructor. He strength includes knowledge of sports, health, yoga, meditation, and proficiency. From a young age, Erik has interest in Football and he is BundesPremierLeague Contributor.