Business

Spinal Cord Stimulation Devices Market 2019 – Medtronic, Boston Scientific, Abbott (St. Jude Medical), Nevro, Nuvectra

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 2017 is about 66%, and the proportion is in increasing trend from 2013 to 2017. Spinal cord stimulation devices are widely used in failed back surgery syndrome, complex regional pain syndrome, chronic pain and other field. The most proportion of spinal cord stimulation devices is for failed back surgery syndrome, and the proportion in 2017 is 43.95%.
North America is the largest consumption place, with a consumption market share nearly 56% in 2017. 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.

According to this study, over the next five years the Spinal Cord Stimulation Devices market will register a 5.0% CAGR in terms of revenue, the global market size will reach US$ 2890 million by 2024, from US$ 2160 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Spinal Cord Stimulation Devices business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Spinal Cord Stimulation Devices market by product type, application, key manufacturers and key regions and countries.

This study considers the Spinal Cord Stimulation Devices value and volume generated from the sales of the following segments:

Global Spinal Cord Stimulation Devices Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Spinal Cord Stimulation Devices Industry report also provides essential attributes associated with Spinal Cord Stimulation Devices market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.

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Global Spinal Cord Stimulation Devices Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Spinal Cord Stimulation Devices business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Spinal Cord Stimulation Devices market in-depth outlook by analyzing historical statistics and future prospect.

TOP MOST PLAYERS:

Medtronic
Boston Scientific
Abbott (St. Jude Medical)
Nevro
Nuvectra

Market Segment by Type, covers:
Rechargeable
Non-Rechargeable

Market Segment by Applications, can be divided into:
Failed Back Surgery Syndrome
Complex Regional Pain Syndrome
Chronic Pain
Other

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The prospective of this Spinal Cord Stimulation Devices industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Spinal Cord Stimulation Devices present market share and future prospects of the segment in terms of has also been explored in this report.

Global Spinal Cord Stimulation Devices market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Spinal Cord Stimulation Devices report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.

Conclusively, the Spinal Cord Stimulation Devices Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.