Global Spinal Cord Stimulation Devices Market 2016-2020

This market research report identifies players like Boston, Medtronic, Nevro, and St. Jude Medical to be the key vendors in the SCS devices market. This research report also presents a detailed segmentation of the market by application (DDD, FBS, multiple back operations, unsuccessful disk surgery, CRPS, and arachnoiditis or lumbar adhesive Arachnoiditis), by product (rechargeable and non-rechargeable), by end-user (hospitals and ASCs), and by geography (the Americas, APAC, and EMEA).

Global spinal cord stimulation market forecast

 Technavio’s market research analyst predicts the global spinal cord stimulation (SCS) devices market to grow steadily at a CAGR of around 4% by 2020. Global exposure and availability of several innovative techniques for learning have prompted surgeons to increase their knowledge about SCS devices. Several pain management societies are spreading awareness about SCS devices through international conferences, annual meetings, seminars, and workshops. Hospitals are actively participating in promoting these devices by educating patients on the necessity of using these devices for better health. Moreover, the growing shift towards minimally invasive surgery (MIS) is another development triggering the use of SCS devices. These surgeries are less painful, reduce the operative traumatic stress, and help patients to recover faster. The use of MIS techniques to treat spine-related disorders is likely to increase in the coming years, propelling the use of SCS devices. 

Spinal cord stimulator market share based on geography

The Americas is the largest revenue-contributing region in the SCS devices market and is anticipated to occupy around 59% of the overall market revenue during the forecast period. Much of the region’s growth is likely to come from the high investments by top manufacturers to improve product compatibility and patient safety. Majority of the region’s revenue comes from the US due to technological advancements and the availability of reimbursement facilities in the country. With the growing preference for SCS devices by the surgeons' in MIS technique for chronic back pain management, the market will witness huge growth in the region during the forecast period.

Spinal pumps market: Competitive landscape and key vendors

A few vendors dominate this SCS devices market and account for around 90% of the total market share. These existing companies are making investments in several research activities to launch new devices. Several new entrants like Stimwave, Nevro, and Greatbatch expected to gain market shares during the forecast period by manufacturing devices at low prices and focusing on the miniaturization of devices.

Spinal cord stimulators companies

• Boston
• Medtronic
• Nevro
• St. Jude Medical

Spinal pumps market by application 

• Degenerative disk disease (DDD)
• Failed back syndrome (FBS)
• Multiple back operations
• Unsuccessful disk surgery
• Complex regional pain syndrome (CRPS)
• Arachnoiditis or lumbar adhesive Arachnoiditis

DDD is a condition related to aging where the disks between vertebrae get affected by the loss of cushioning, fragmentation, and herniation leading to flexibility issues. Exercise, medication and physical therapy are commonly preferred options for pain relief. However, recently SCS devices have proved to be successful. SCS procedures are finding high success as the perception of pain is decreased by manipulating pain carrier centers in the brain and the spinal cord with the implanted electrical device.

Scs device by end-user

• Hospitals
• ASCs

According to the spinal cord stimulation devices market analysis, hospitals are the largest end-users of SCS devices and accounted for around 78% of the total market share during 2015. Hospitals are well-established healthcare units with better facilities and have an adequate budget to purchase medical devices. This provides the comfort in buying devices such as SCS in case of emergencies. Since SCS requires expertise and surgery setup, these procedures are preferred to be performed in hospitals. Moreover, the growing focus on delivering better treatment for chronic pain management has propelled the use of SCS devices, which help in speedy recovery with minimal pain.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global SCS devices market?
• What are the key market trends impacting the growth of the global SCS devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global SCS devices market?
• What are the market opportunities and threats faced by the vendors in the global SCS devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global SCS devices market?

Technavio also offers customization on reports based on specific client requirement.

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