Spinal Cord Stimulation Devices Market
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<strong>Spinal</strong> <strong>Cord</strong> <strong>Stimulation</strong> <strong>Devices</strong> <strong>Market</strong> drivers of growth<br />
analyzed in a new research report<br />
<strong>Spinal</strong> <strong>Cord</strong> <strong>Stimulation</strong> <strong>Devices</strong> <strong>Market</strong> size is projected to experience significant<br />
growth from 2019 to 2025. Increase in number of people suffering from spinal<br />
disorders will enhance the market growth in the near future. As per the recent statistics,<br />
back pain is second most reason for physician visits. Also, across the globe spinal or<br />
back pain is the major leading cause of disability that prevents people from engaging<br />
into any kind of day to day activity. Hence, growing number of back problems across<br />
the globe will stimulate the spinal cord stimulation devices market growth in the near<br />
future.<br />
Recent technological advancements in manufacturing novel spinal stimulation devices<br />
will play a significant role in the market growth. Since the past few years,<br />
advancements in spinal cord stimulation accelerated at substantial pace. Earlier, the<br />
devices had low frequency electrical stimulation, that was considered not as effective<br />
as required. Recent technological developments will enhance the product efficiency,<br />
resulting in high demand and adoption rate, fueling the market growth.<br />
However, several risks and disadvantages associated with spinal cord stimulation will<br />
be a major reason for impeding the business growth. As per a recent study, around<br />
40% of the users had device-related problems. The major complications were<br />
unintended movement of the leads, breakage of leads and failed connections in leads.<br />
Hence, certain risk factors will negatively impact the market growth.<br />
Rechargeable spinal cord stimulation devices market is estimated to rapid growth over<br />
the forecast period. The segment growth is attributed to product flexibility, cost<br />
effectiveness, controlling pain management and wireless remote techniques. These<br />
devices send minute electrical signals to the spinal cord and blocks the neuropathic<br />
pain. Hence, several user friendly advantages offered by the product will boost the<br />
demand and adoption rate, augmenting the business growth.<br />
Application of spinal cord stimulation devices in complex regional pain syndrome<br />
(CRPS) is estimated to hold significant market share. Increase in number of people<br />
suffering from CRPS across the globe will be a major market impact rendering factor.<br />
Some individuals develop complex regional pain syndrome CRPS due to any injury or<br />
trauma, that may involve fractures, sprains, soft tissue injury and limb immobilization.<br />
Hence, the above mentioned factors will play major role in the growth of spinal cord<br />
stimulation devices market.<br />
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U.S. is forecasted to dominate the North America spinal cord stimulation devices<br />
market growth. As per the American Chiropractic Association, around 31 million<br />
people in the U.S. suffer from low back pain. Also, some of the experts state that<br />
almost 80% people in the U.S. will experience back pain in their lifetime. Rise in<br />
prevalence of spinal trauma and back pain in the region will augment the industry<br />
growth in the upcoming years.<br />
India spinal cord stimulation devices is estimated to show robust growth over the<br />
forecast time period. As per the recent research article, around 20% of the in age<br />
group 16 – 34 years of age are treated for back and neck conditions in the country.<br />
Increase in number of people opting for neck and back pain in the country will enhance<br />
the demand and adoption rate of the spinal cord stimulation devices, fueling the market<br />
growth.<br />
Some of the significant industry players of spinal cord stimulation devices market are<br />
St. Jude Medical (Abbott), Inc., Boston Scientific Corporation, Medtronic among<br />
others. These players mainly focus on strategic alliances, new product approvals,<br />
developments and launch as their primary market expansion strategies.<br />
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