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Spinal Cord Stimulators Market Global Industry Analysis & Opportunity Assessment 2017 - 2027

Spinal Cord Stimulators Market Global Industry Analysis & Opportunity Assessment 2017 - 2027

Product innovation is imperative in the spinal cord stimulators market

Companies in the spinal cord stimulators market have realised that innovation is key and they are taking the necessary steps to safeguard their market position and improve profitability. After the first spinal cord stimulators were introduced, there have been several improvements that have made the devices lighter, smaller, and more effective in patient care. Technological advancements should continue to assist the growth of the spinal cord stimulators market. For e.g. – Proclaim Elite Spinal Cord Stimulation has been unveiled by St Jude Medical and it comes with an upgradeable technology.

Cost-effectiveness substantially benefits the spinal cord stimulators market

The cost-effectiveness of spinal cord stimulators, particularly when compared to conventional medical management has led to the rapid growth of the spinal cord stimulators market. Spinal cord stimulation has been proven to be effective after a period of three years and this leads to a noticeably better lifestyle. As several countries such as the U.S. move towards the accountable care model, the cost-effectiveness of spinal cord stimulators is predicted to play a major role during the forecast period. A study conducted by experts at the Department of Neurology at the University of Saskatchewan Canada has shown that spinal cord stimulators are far more economical than conventional medical management in the treatment of chronic pain.

The use of opioids to boost demand in the spinal cord stimulators market

Many chronic pain patients are addicted to opioid analgesics and limiting the use of these drugs is one of the many benefits of spinal cord stimulators. The U.S., in particular, has seen a worrying trend of drug and opioid abuse that has been recognised by the government as a public health epidemic. This has compelled the medical community to seek out innovative methods to reduce the burden of narcotic prescriptions. The need to reduce opioid analgesic use is an important driver for the growth of the spinal cord stimulators market and it is predicted to increase the adoption rate of spinal cord stimulators as a preferred choice for treating patients afflicted with chronic pain. According to a study presented at the North American Neuromodulation Society (NANS) annual meeting 2017, spinal cord stimulators can reduce the necessity of using opioid analgesics.

High cost an impediment to growth in the spinal cord stimulators market

As with most advanced medical technologies, the high cost of spinal cord stimulators is the biggest restraint to growth in the spinal cord stimulators market. The cost of the device itself, the procedure, and the maintenance cost are hardly insubstantial and this is especially problematic in regions such as the Middle East & Africa and Asia Pacific where treatment and device cost is not reimbursed by reimbursement companies. That is why the largest spinal cord stimulators markets are North America and Europe.

Underpenetrated spinal cord stimulators market is lucrative for exploiting

The spinal cord stimulators market is highly underpenetrated as less than 10% of potential patients are being treated with this revolutionary technology. As the cost of spinal cord stimulators is prohibitive, the adoption outside North America and Europe has been quite limited. The U.S. and Europe account for about 85% of the global spinal cord stimulators market, but the introduction of newer, affordable devices could go a long way in making spinal cord stimulators more feasible in emerging economies. Among the product types, the rechargeable spinal cord stimulators segment has better market potential than the non-rechargeable spinal cord stimulators segment. The rechargeable spinal cord stimulators segment is anticipated to hold a value share of about 70% of the global spinal cord stimulators market by the end of the forecast period. This segment is also projected to register the highest CAGR both by value (7.2%) and volume (7.5%) during the forecast period.The industry has seen a noticeable trend where companies are opting for mergers and acquisitions to consolidate their market position and expand their product portfolio. M&A is the quickest method to enter new and fast growing regions in the spinal cord stimulators market. This strategy also lowers the risk linked to spinal cord stimulators market entry. Another benefit of acquisitions is acquiring the latest technology.


1.Executive Summary
2.Spinal Cord Stimulators Market Introduction
2.1.Market Definition
2.2.Market Taxonomy
2.3.Global Neuromodulation Devices Market Overview
3.Global Spinal Cord Stimulators Market Analysis
3.1.Market Size (US$ Mn) and Forecast
3.1.1.Market Size and Y-o-Y Growth
3.1.2.Absolute $ Opportunity
3.2.Global Spinal Cord Stimulators Market, Pricing Analysis by Region, 2017 & 2027
3.3.Market: Key Developments
3.4.Market: Regulatory Scenario
3.5.Market: Reimbursement Policy
3.6. Market: Pipeline Snapshot
4.Market Dynamics
4.1.Macro-economic Factors
4.2.Drivers
4.2.1.Supply Side
4.2.2.Demand Side
4.3.Restraints
4.4.Opportunity
4.5.Trends
5.Global Spinal Cord Stimulators Market Analysis and Forecasts, By Product
5.1.Introduction
5.2.Global Market Share Analysis and Y-o-Y by Product Type, 2017-2027
5.3.Global Market Value and Volume Analysis and Forecast By Product Type, 2017–2027
5.4.Global Market Value Absolute $ Opportunity By Product Type, 2017–2027
5.4.1.Rechargeable
5.4.2.Non-Rechargeable
5.5.Global Market Attractiveness Analysis By Product Type, 2017-2027
6.Global Spinal Cord Stimulators Market Analysis and Forecasts, By Application
6.1.Introduction
6.2.Global Market Share Analysis and Y-o-Y by Application, 2017-2027
6.3.Global Market Value and Volume Analysis and Forecast By Application, 2017–2027
6.4.Global Market Value Absolute $ Opportunity By Application, 2017–2027
6.4.1.Failed Back Surgery Syndrome
6.4.2.Complex Regional Pain Syndrome
6.4.3.Ischemic Limb Pain
6.4.4.Others
6.5.Global Market Attractiveness Analysis By Application, 2017-2027
7.Global Spinal Cord Stimulators Market Analysis and Forecasts, By End User
7.1.Introduction
7.2.Global Market Share Analysis and Y-o-Y by End User, 2017-2027
7.3.Global Market Value and Volume Analysis and Forecast By End User, 2017–2027
7.4.Global Market Value Absolute $ Opportunity By End User, 2017–2027
7.4.1.Hospitals
7.4.2.Ambulatory Surgical Units
7.4.3. Clinics
7.5.Global Market Attractiveness Analysis By End User, 2017-2027
8.Global Spinal Cord Stimulators Market Analysis and Forecasts, By Region
8.1.Introduction
8.2.Global Market Share Analysis and Y-o-Y by Region, 2017-2027
8.3.Global Market Value and Volume Analysis and Forecast By Region, 2017–2027
8.4.Global Market Value Absolute $ Opportunity By Region, 2017–2027
8.4.1.North America
8.4.2.Latin America
8.4.3.Western Europe
8.4.4.Eastern Europe
8.4.5.Asia Pacific Excluding Japan (APEJ)
8.4.6.Japan
8.4.7.Middle East and Africa (MEA)
8.5. Global Market Attractiveness Analysis By Region, 2017-2027
9.North America Spinal Cord Stimulators Market Analysis and Forecast
9.1.Introduction
9.1.1.Basis Point Share (BPS) Analysis By Country
9.1.2.Y-o-Y Growth Projections By Country
9.2.Market Value Absolute $ Opportunity By Country, 2017–2027
9.3.Market Value and Volume Analysis and Forecast By Country, 2017–2027
9.3.1.U.S.
9.3.2.Canada
9.4.Market Value and Volume Analysis and Forecast By Application, 2017–2027
9.4.1.Failed Back Surgery Syndrome
9.4.2.Complex Regional Pain Syndrome
9.4.3.Ischemic Limb Pain
9.4.4.Others
9.5.Market Value and Volume Analysis and Forecast By Product Type, 2017–2027
9.5.1.Rechargeable
9.5.2.Non-Rechargeable
9.6.Market Value and Volume Analysis and Forecast By End User, 2017–2027
9.6.1.Hospitals
9.6.2.Ambulatory Surgical Units
9.6.3.Clinics
9.7.Market Attractiveness Analysis
9.7.1.By Country
9.7.2.By Application
9.7.3.By Product Type
9.7.4.By End User
9.8.Drivers and Restraints: Impact Analysis
10.Latin America Spinal Cord Stimulators Market Analysis and Forecast
10.1.Introduction
10.1.1.Basis Point Share (BPS) Analysis By Country
10.1.2.Y-o-Y Growth Projections By Country
10.2.Market Value Absolute $ Opportunity By Country, 2017–2027
10.3.Market Value and Volume Analysis and Forecast By Country, 2017–2027
10.3.1.Brazil
10.3.2.Mexico
10.3.3.Rest of Latin America
10.4.Market Value and Volume Analysis and Forecast By Application, 2017–2027
10.4.1.Failed Back Surgery Syndrome
10.4.2.Complex Regional Pain Syndrome
10.4.3.Ischemic Limb Pain
10.4.4.Others
10.5.Market Value and Volume Analysis and Forecast By Product Type, 2017–2027
10.5.1.Rechargeable
10.5.2.Non-Rechargeable
10.6.Market Value and Volume Analysis and Forecast By End User, 2017–2027
10.6.1.Hospitals
10.6.2.Ambulatory Surgical Units
10.6.3.Clinics
10.7.Market Attractiveness Analysis
10.7.1.By Country
10.7.2.By Application
10.7.3.By Product Type
10.7.4.By End User
10.8.Drivers and Restraints: Impact Analysis
11.Western Europe Spinal Cord Stimulators Market Analysis and Forecast
11.1.Introduction
11.1.1.Basis Point Share (BPS) Analysis By Country
11.1.2.Y-o-Y Growth Projections By Country
11.2.Market Value Absolute $ Opportunity By Country, 2017–2027
11.3.Market Value and Volume Analysis and Forecast By Country, 2017–2027
11.3.1.Germany
11.3.2.U.K.
11.3.3.Spain
11.3.4.France
11.3.5.Italy
11.3.6.Rest of Western Europe
11.4.Market Value and Volume Analysis and Forecast By Application, 2017–2027
11.4.1.Failed Back Surgery Syndrome
11.4.2.Complex Regional Pain Syndrome
11.4.3.Ischemic Limb Pain
11.4.4.Others
11.5.Market Value and Volume Analysis and Forecast By Product Type, 2017–2027
11.5.1.Rechargeable
11.5.2.Non-Rechargeable
11.6.Market Value and Volume Analysis and Forecast By End User, 2017–2027
11.6.1.Hospitals
11.6.2.Ambulatory Surgical Units
11.6.3.Clinics
11.7.Market Attractiveness Analysis
11.7.1.By Country
11.7.2.By Application
11.7.3.By Product Type
11.7.4.By End User
11.8.Drivers and Restraints: Impact Analysis
12.Eastern Europe Spinal Cord Stimulators Market Analysis and Forecast
12.1.Introduction
12.1.1.Basis Point Share (BPS) Analysis By Country
12.1.2.Y-o-Y Growth Projections By Country
12.2.Market Value Absolute $ Opportunity By Country, 2017–2027
12.3.Market Value and Volume Analysis and Forecast By Country, 2017–2027
12.3.1.Poland
12.3.2.Russia
12.3.3.Rest of Eastern Europe
12.4.Market Value and Volume Analysis and Forecast By Application, 2017–2027
12.4.1.Failed Back Surgery Syndrome
12.4.2.Complex Regional Pain Syndrome
12.4.3.Ischemic Limb Pain
12.4.4.Others
12.5.Market Value and Volume Analysis and Forecast By Product Type, 2017–2027
12.5.1.Rechargeable
12.5.2.Non-Rechargeable
12.6.Market Value and Volume Analysis and Forecast By End User, 2017–2027
12.6.1.Hospitals
12.6.2.Ambulatory Surgical Units
12.6.3.Clinics
12.7.Market Attractiveness Analysis
12.7.1.By Country
12.7.2.By Application
12.7.3.By Product Type
12.7.4.By End User
12.8.Drivers and Restraints: Impact Analysis
13.Asia Pacific Excluding Japan (APEJ) Spinal Cord Stimulators Market Analysis and Forecast
13.1.Introduction
13.1.1.Basis Point Share (BPS) Analysis By Country
13.1.2.Y-o-Y Growth Projections By Country
13.2.Market Value Absolute $ Opportunity By Country, 2017–2027
13.3.Market Value and Volume Analysis and Forecast By Country, 2017–2027
13.3.1.China
13.3.2.India
13.3.3.Russia
13.3.4.Australia and New Zealand
13.3.5.Rest of APEJ
13.4.Market Value and Volume Analysis and Forecast By Application, 2017–2027
13.4.1.Failed Back Surgery Syndrome
13.4.2.Complex Regional Pain Syndrome
13.4.3.Ischemic Limb Pain
13.4.4.Others
13.5.Market Value and Volume Analysis and Forecast By Product Type, 2017–2027
13.5.1.Rechargeable
13.5.2.Non-Rechargeable
13.6.Market Value and Volume Analysis and Forecast By End User, 2017–2027
13.6.1.Hospitals
13.6.2.Ambulatory Surgical Units
13.6.3.Clinics
13.7.Market Attractiveness Analysis
13.7.1.By Country
13.7.2.By Application
13.7.3.By Product Type
13.7.4.By End User
13.8.Drivers and Restraints: Impact Analysis
14.Japan Spinal Cord Stimulators Market Analysis and Forecast
14.1.Market Value Absolute $ Opportunity By Country, 2017–2027
14.2.Market Value and Volume Forecast By Application, 2017–2027
14.2.1.Failed Back Surgery Syndrome
14.2.2.Complex Regional Pain Syndrome
14.2.3.Ischemic Limb Pain
14.2.4.Others
14.3.Market Value and Volume Analysis and Forecast By Product Type, 2017–2027
14.3.1.Rechargeable
14.3.2.Non-Rechargeable
14.4.Market Value and Volume Analysis and Forecast By End User, 2017–2027
14.4.1.Hospitals
14.4.2.Ambulatory Surgical Units
14.4.3.Clinics
14.5.Market Attractiveness Analysis
14.5.1.By Country
14.5.2.By Application
14.5.3.By Product Type
14.5.4.By End User
14.6.Drivers and Restraints: Impact Analysis
15.Middle East and Africa (MEA) Spinal Cord Stimulators Market Analysis and Forecast
15.1.Introduction
15.1.1.Basis Point Share (BPS) Analysis By Country
15.1.2.Y-o-Y Growth Projections By Country
15.2.Market Value Absolute $ Opportunity By Country, 2017–2027
15.3.Market Value and Volume Analysis and Forecast By Country, 2017–2027
15.3.1.GCC Countries
15.3.2.South Africa
15.3.3.Rest of MEA
15.4.Market Value and Volume Analysis and Forecast By Application, 2017–2027
15.4.1.Failed Back Surgery Syndrome
15.4.2.Complex Regional Pain Syndrome
15.4.3.Ischemic Limb Pain
15.4.4.Others
15.5.Market Value and Volume Analysis and Forecast By Product Type, 2017–2027
15.5.1.Rechargeable
15.5.2.Non-Rechargeable
15.6.Market Value and Volume Analysis and Forecast By End User, 2017–2027
15.6.1.Hospitals
15.6.2.Ambulatory Surgical Units
15.6.3.Clinics
15.7.Market Attractiveness Analysis
15.7.1.By Country
15.7.2.By Application
15.7.3.By Product Type
15.7.4.By End User
15.8.Drivers and Restraints: Impact Analysis
16.Competition Landscape
16.1.Competition Dashboard
16.2.Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
16.2.1.Boston Scientific Corp.
16.2.2.Medtronic Private Limited Company
16.2.3.St Jude Medical LLC
16.2.4.Nevro Corp
16.2.5.Nuvectra Corporation
16.2.6.Stimwave
16.2.7.Saluda Medical PTY Limited

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