Spinal Cord Stimulation Market 2019 Global Market Growth, Size, Share, Demand, Trends and Forecasts to 2025
Jun 14, 2019
Spinal Cord Stimulation Market Size, Share and Global Trend by Product (Implantable Pulse Generator, Radiofrequency System), Disease Indication (Failed Back Syndrome, Degenerative Disk Disease, Complex Regional Pain Syndrome, Arachnoiditis), End Users (Hospital, Ambulatory Surgical Centers, Specialty Clinics) and Geography Forecast till 2025
Pune, India - June 14, 2019 /MarketersMedia/ —
The Global Digital Radiography Market is expected to gain from increasing per capita income. Recently Fortune Business insights, published a report, titled “SPINAL CORD STIMULATION: GLOBAL MARKET ANALYSIS, INSIGHTS, AND FORECAST, 2019-2026,” which studies in detail various factors influencing the market’s growth trajectory. According to the report, the global spinal cord stimulation market was worth US$ 2,268.9 Mn in 2018. The global market is anticipated to progress at a CAGR of 8.1% and value US$ 4,236.2 Mn by the end of 2026. The report offers a comprehensive overview of various segments of the global spinal cord stimulation market.
Get Sample PDF:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/spinal-cord-stimulation-market-100313
As per the report, the global spinal cord stimulation market was dominated by North America in 2018. The North America market was valued at US$ 1,086.7 Mn in 2018. The region is anticipated to remain dominant throughout the forecast period. Favorable health reimbursement policies available in the region is one of the key factors enabling expansion of the spinal cord stimulation market in North America. Trailing North America, Europe has emerged as the second-leading region in the global market during the forecast period. Rapid technological advancements in the spinal cord stimulation systems is a primary factor expected to fuel the demand for spinal cord stimulation in Europe. Besides this, Asia Pacific is anticipated to report the highest CAGR during the forecast period. The market in the region is driven by the high demand and rapid adoption of spinal cord stimulation in the region. This is likely to enable growth in the global spinal cord stimulation market.
In terms of disease indication, The Failed Back Syndrome segment is estimated to emerge dominant in the global spinal cord stimulation market during the forecast period. The global prevalence of the Failed Back Syndrome is increasing further generating demand for the development of new and effective therapy to treat chronic back pain. Government bodies across the world have introduced several policies encouraging the expansion of the healthcare infrastructure. These are facilitating the smooth development of new spinal cord stimulation therapy as well. This is likely to increase the growth rate of the global market.
Browse Complete Report:
https://www.fortunebusinessinsights.com/industry-reports/spinal-cord-stimulation-market-100313
Innovation in Spinal Cord Stimulation Therapy to Drive Market
In the near future, the global spinal cord stimulation market will gain significant impetus from the introduction of MRI conditional spinal cord stimulator. Besides this, the reduction in the consumption of opioid medication is fueling the demand for spinal cord stimulation therapy.
Exposure to radiations and side effects associated with spinal cord stimulation therapy are a few factors that may restrain the global spinal cord stimulation market during the forecast period.
Abbot and Boston to Lead the Global Market
Abbott and Boston Scientific Corporation hold a significant share and are together leading the global spinal cord stimulation market. These companies are projected to lead the global market during the forecast period also. The growth witnessed is attributable to the successful completion of the acquisition of St. Jude Medical Inc. by Abbott. The product launch by Boston Scientific Corporation is also contributing towards the growth. St. Jude Medical Inc., was acquired by Abbot in 2017, which further gave Abbot access to St. Jude Medical’s product portfolio and market share. Strategic collaborations are intended at expanding footprint and product portfolio. Such expansion strategies are expected to bode well for the overall market. Some of the other companies operating in the global spinal cord stimulation market are Medtronic, Stimwave LLC, Nevro Corp., and Nuvectra.
View Related Report:
Biodegradable Hemostat Market Size, Share and Geography Forecast till 2026
About us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Contact Info:
Name: Fortune Business Insights
Email: Send Email
Organization: Fortune Business Insights
Address: Fortune Business Insights Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India.
Phone: +1 424 253 0390
Website: https://www.fortunebusinessinsights.com/
Source: MarketersMedia
Release ID: 524381
More News
Gatchalian pushes OK of bill barring public execs’ kin from gov’t deals
MANILA, Philippines – Senate President Sherwin Gatchalian urged Congress to immediately pass a proposed measure prohibiting government officials’ relatives from securing government contracts to protect public funds and prevent corruption. “It is important that we enact this as soon as possible so that we can ensure that public funds go to programs and projects that
Lacson: Upon arrest, dela Rosa must be brought to local court before ICC
MANILA, Philippines — Sen. Ronald “Bato” dela Rosa should first be brought before a Philippine court if arrested, before being transferred to the International Criminal Court (ICC), Sen. Panfilo “Ping” Lacson said Wednesday. According to Lacson, this will allow dela Rosa to avail himself of legal remedies in the country, including seeking relief from the
Palace to jail authorities: Uphold law amid Romualdez ‘jailbreak’ row
MANILA, Philippines — Malacañang on Wednesday reminded authorities to uphold their duties and refrain from violating the law following allegations that former House Speaker Martin Romualdez was allowed to leave jail with the help of a jail warden. Retired columnist Ramon Tulfo alleged that a jail warden had cut off the power supply, disabling CCTV cameras
Vince Dizon says he is recruiting MMDA’s Gabriel Go to join DOTr
MANILA, Philippines — Transportation Secretary Vince Dizon said on Wednesday that he is recruiting Gabriel Go of the Metropolitan Manila Development Authority (MMDA) to join the Department of Transportation (DOTr). He announced it more than a week after returning to the DOTr as its secretary. Go heads the MMDA’s Special Operations Group-Task Force for Road
DA: Flawed farm-to-market road data came from Nat’l Expenditure Program
MANILA, Philippines — Eight farm-to-market (FMR) road projects flagged by budget watchdogs for faulty coordinates originated in the executive branch’s initial spending proposal. These were not added through amendments by the House of Representatives. A Department of Agriculture (DA) official made the statements on Wednesday. Speaking at a congressional briefing, Agriculture Assistant Secretary U-Nichols Manalo
17 areas in Negros Occidental suspend classes due to extreme heat
BACOLOD CITY — Several local governments in Negros Occidental have announced the suspension of face-to-face classes on Wednesday, after a forecast heat index of 42 degrees Celsius, a level labeled “dangerous” by the state bureau. As of 5 p.m. on Tuesday, the state weather bureau measured the heat index in La Carlota City, Negros Occidental,
2 dead in creek after suspected Ilocos Norte motorcycle crash
SAN ILDEFONSO, Ilocos Sur— Two persons, one of them a young boy, were found dead in a creek beside the National Highway near Barangay Lang-Ayan in Currimao, Ilocos Norte, in an incident believed to have involved a motorcycle crash. According to an initial police investigation, a passerby discovered a slipper along the roadside on Sunday,
Sotto wants clear rules on prolonged unauthorized absences of senators
MANILA, Philippines — Senate President Pro Tempore Vicente “Tito” Sotto III has filed a resolution seeking to establish clear guidelines for addressing senators’ prolonged unauthorized absences. According to Sotto, “such absenteeism and neglect of duty is deemed a waste of taxpayer funds and has caused public clamor over the past months.” In Senate Resolution No.
Lacson warns ‘kapalmuks’ testing public patience anew over 2027 budget
MANILA, Philippines — Senator Panfilo “Ping” Lacson on Wednesday warned that public patience was once again being tested by individuals he described as “kapalmuks,” (thick-faced) as scrutiny over questionable allocations in the proposed 2027 national budget continues. According to Lacson, the flood control scandal had barely settled when these individuals began testing the public’s patience
Fish prices up in parts of Northern Mindanao
CAGAYAN DE ORO CITY — Market-goers across Northern Mindanao are feeling the pinch of the rising cost of living at wet markets, as retail fish prices soar in late October amid mounting supply and production bottlenecks. Data from the Bureau of Fisheries and Aquatic Resources in Northern Mindanao (BFAR-10) showed prices of some fish significantly
BJMP: No power outage or Romualdez exit from QC jail
MANILA, Philippines — The Bureau of Jail Management and Penology (BJMP) said initial CCTV footage reviewed on Nov. 3 showed no power or CCTV interruption and no movement of former House Speaker Martin Romualdez outside a Quezon City jail, following allegations of irregularities. “Initial CCTV verification by BJMP National Headquarters showed no recorded power or
A nuclear Philippines in six years? OECD’s nuclear chief isn’t convinced.
The head of the OECD's Nuclear Energy Agency casts doubt on the Philippines' 2032 nuclear target, saying that getting its first reactor operating will likely take longer than six years
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.