(PharmaNewsWire.Com, June 07, 2017 ) According to the report “Global Spinal Cord Stimulation Market ,” published by Market Data Forecast, the global market is projected to reach USD 2718 million by 2021, at a CAGR of 8.6% from 2016 to 2021.Finding effective treatment for chronic pain especially chronic back and neck pain, can be challenging. When surgery or other treatments have been unsuccessful or are not an option, spinal cord stimulation or peripheral nerve field stimulation therapy may offer relief and improved daily functioning.
Unlike most surgical procedures, spinal cord stimulation therapy is reversible. If a person decides at any time to discontinue the therapy, the electrical contacts, wires, and generator can all be removed and there are no permanent changes to the spine. The therapy does not have the type of side effects associated with many medications. Researchers have found that the costs associated with spinal cord stimulation compare favorably with alternatives, including non-surgical treatments.
The factors influencing the Global Market for Spinal Cord Stimulation Market, either positively or negatively are presented in the DROC analysis. Some of the positive things discussed in the section are growing adult population, rising demand for minimally invasive surgeries, innovation of new technologies & therapies, increasing cases of obesity, and increasing in aging demographics. However, there are number of factors that are challenging the growth of the Spinal cord Stimulation market like high cost related with therapy, stringent regulatory approvals, and major reliance on traditional SCS therapy.
For granular level understanding, the Spinal Cord Stimulation Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
Based on Geography, the Spinal Cord Stimulation market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America has the highest share in the market followed by Europe and Asia-Pacific due to the presence of top manufacturers in the region. Asia-Pacific is accounted to have highest CAGR over the forecast period owing to increasing prevalence in pain.
• North America Spinal Cord Stimulation Market
• Europe Spinal Cord Stimulation Market
• Asia-Pacific Spinal Cord Stimulation Market
• Latin America Spinal Cord Stimulation Market
• Middle East and Africa Spinal Cord Stimulation Market
Some of the major companies operating in the market are Boston, Medtronic, Nevro, St. Jude Medical, Greatbatch, Stimwave.
The Spinal Cord Stimulation Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast:
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