Spinal Cord Stimulators Market: Rechargeable Spinal Cord Stimulators Expected to Have Better Market Potential in the Coming Decade: Global Industry Analysis & Opportunity Assessment 2017 - 2027

  • Published: 2017-07-11
  • Report Code: REP-GB-2030

An Incisive, In-depth Analysis on the Spinal Cord Stimulator Market

This study offers a comprehensive, 360 degree analysis on the Spinal Cord Stimulator market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Spinal Cord Stimulator market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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.

global spinal cord stimulators market

Industry consolidation anticipated in the spinal cord stimulators market

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.

About the Report

Spinal cord stimulators play a critical role in treating chronic arm, leg, and trunk pain that is symptomatic of complex regional pain syndrome, ischemic limb pain, and failed back surgery syndrome. Spinal cord simulation is devised to deliver low-voltage electric pulses to stimulate spinal cord nerve fibres connected to the body’s neural pain signal paths. In our upcoming report, ‘Spinal Cord Stimulators Market: Global Industry Analysis & Opportunity Assessment, 2017–2027’, Future Market Insights has studied the global spinal cord stimulators market for a 10-year period ending in 2027. The report has been prepared after taking into account key metrics such as incremental dollar opportunity, CAGR, absolute dollar opportunity, and Y-o-Y growth rate.

It is advisable to begin reading the spinal cord stimulators market report with the market introduction section that consists of the definition along with the taxonomy of the spinal cord stimulators market. It also includes the neuromodulator device market overview for an informative first glance at the spinal cord stimulators market.

Spinal Cord Stimulators Market Taxonomy

Region

End User

Application

Product Type

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • MEA

  • Japan

  • Hospitals

  • Ambulatory Surgical Units

  • Clinics

  • Failed Back Surgery Syndrome

  • Complex Regional Pain Syndrome

  • Ischemic Limb Pain

  • Others

  • Rechargeable

  • Non-Rechargeable

The market introduction is closely related to the executive summary that begins our spinal cord stimulators market report. The market introduction is concise yet comprehensive and is a brief overview of what the spinal cord stimulators market entails. A few important statistics have been provided here such as the spinal cord stimulators market value in terms of US$, CAGR, and largest market players. Our experts have analysed the spinal cord stimulators market and have given their valuable suggestions and opinions on the current and future anticipated trends in the spinal cord stimulators market. These are in the form of an overall market approach to be adopted and geographies to target with the best strategy to truly differentiate your organisation from the immediate competition present in the spinal cord stimulators market.

After understanding the differentiating strategies of key players, it would be wise to glance at the competition you can expect to encounter in the spinal cord stimulators market. The competitive dashboard profiles key players active in the spinal cord stimulators market on the basis of their key product offerings, financial ratios, strategies adopted, and recent developments. An exhaustive SWOT analysis is possible after which you can make crucial business decisions in the spinal cord stimulators market.

We have divided the global spinal cord stimulators market into seven important geographic regions viz. APEJ, MEA, Japan, Eastern Europe, Western Europe, Latin America, and North America. Each region has been given a dedicated section in the spinal cord stimulators market report that looks at the BPS and Y-o-Y growth projections for all the major countries of the region. The absolute dollar opportunity for every nation for the decadal study period along with a market volume analysis and forecast on the basis of product type, end user, and application gives a complete picture of the regional spinal cord stimulators market characteristics.

There are certain acronyms that have been used to prepare the spinal cord stimulators market report and a few assumptions have also been made. These have been adequately detailed in their own section of the spinal cord stimulators market report that readers are advised to peruse to get an idea of the spinal cord stimulators market with all of its nuances and technicalities.

A key component of the spinal cord stimulators market report is the market dynamics. In this chapter, we analyse the macroeconomic factors that impact the spinal cord stimulators market such as the drivers, restraints, opportunities, and trends. In a field as critical to public healthcare as the spinal cord stimulators market, there would certainly be numerous regulatory guidelines and continuous developments, particularly concerning governmental reimbursement policies. These are thoroughly explained in the spinal cord stimulators market dynamics chapter that also highlights a pipeline snapshot of the spinal cord stimulators market.

Spinal Cord Stimulator Market Reports - Table of Contents

Spinal Cord Stimulator Market Reports - List of Tables

Table 1: Global Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Product Type, 2016–2027

Table 2: Global Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Application, 2016–2027

Table 3: Global Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by End User, 2016–2027

Table 4: Global Spinal Cord Stimulators Market Value (US$ Mn) Analysis and Forecast by Region, 2016–2027

Table 5: Global Spinal Cord Stimulators Market Volume Analysis and Forecast by Region, 2016–2027

Table 6: North America Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Country, 2016–2027

Table 7: North America Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Application, 2016–2027

Table 8: North America Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Product Type, 2016–2027

Table 9: North America Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by End User, 2016–2027

Table 10: Latin America Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Country, 2016–2027

Table 11: Latin America Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Application, 2016–2027

Table 12: Latin America Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Product Type, 2016–2027

Table 13: Latin America Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by End User, 2016–2027

Table 14: Western Europe Spinal Cord Stimulators Market Value (US$ Mn) Analysis and Forecast by Country, 2016–2027

Table 15: Western Europe Spinal Cord Stimulators Market Volume Analysis and Forecast by Country, 2016–2027

Table 16: Western Europe Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Application, 2016–2027

Table 17: Western Europe Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Product Type, 2016–2027

Table 18: Western Europe Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by End User, 2016–2027

Table 19: Eastern Europe Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Country, 2016–2027

Table 20: Eastern Europe Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Application, 2016–2027

Table 21: Eastern Europe Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Product Type, 2016–2027

Table 22: Eastern Europe Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by End User, 2016–2027

Table 23: APEJ Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Country, 2016–2027

Table 24: APEJ Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Application, 2016–2027

Table 25: APEJ Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Drug Class, 2016–2027

Table 26: APEJ Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by End User, 2016–2027

Table 27: Japan Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Application, 2016–2027

Table 28: Japan Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Product Type, 2016–2027

Table 29: Japan Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by End User, 2016–2027

Table 30: MEA Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Country, 2016–2027

Table 31: MEA Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Application, 2016–2027

Table 32: MEA Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by Product Type, 2016–2027

Table 33: MEA Spinal Cord Stimulators Market Value (US$ Mn) and Volume Analysis and Forecast by End User, 2016–2027

Spinal Cord Stimulator Market Reports - List of Figures

Figure 01: Global Spinal Cord Stimulators Market Value (US$ Mn) Forecast, 2016–2027 

Figure 02: Global Spinal Cord Stimulators Market Absolute $ Opportunity, 2016–2027 

Figure 03: Global Spinal Cord Stimulators Market Y-o-Y Growth, 2016–2027 

Figure 04: Global Rechargeable Spinal Cord Stimulators Market, Price Difference (US$) By Region, 2017

Figure 05: Global Rechargeable Spinal Cord Stimulators Market, Price Difference (US$) By Region, 2027

Figure 06: Global Non-Rechargeable Spinal Cord Stimulators Market, Price Difference (US$) By Region, 2017

Figure 07: Global Non-Rechargeable Spinal Cord Stimulators Market, Price Difference (US$) By Region, 2027

Figure 08: Global Spinal Cord Stimulators Market Share Analysis (%) By Product Type, 2017 & 2027

Figure 09: Global Spinal Cord Stimulators Market Y-o-Y Growth (%) By Product Type, 2016–2027

Figure 10: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By Rechargeable Segment, 2016–2027

Figure 11: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By Non-Rechargeable Segment, 2016–2027

Figure 12: Global Spinal Cord Stimulators Market Attractiveness Analysis by Product Type, 2017–2027

Figure 13: Global Spinal Cord Stimulators Market Share Analysis (%) By Application, 2017 & 2027

Figure 14: Global Spinal Cord Stimulators Market Y-o-Y Growth (%) By Application, 2016–2027 

Figure 15: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By FBSS Segment, 2016–2027

Figure 16: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By CRPS Segment, 2016–2027

Figure 17: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By ILP Segment, 2016–2027

Figure 18: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By Others Segment, 2016–2027

Figure 19: Global Spinal Cord Stimulators Market Attractiveness Analysis by Application, 2017–2027

Figure 20: Global Spinal Cord Stimulators Market Share Analysis (%) By End User, 2017 & 2027

Figure 21: Global Spinal Cord Stimulators Market Y-o-Y Growth (%) By End User 2016–2027

Figure 22: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By Hospitals Segment, 2016–2027

Figure 23: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By Ambulatory Surgical Units Segment, 2016–2027

Figure 24: Global Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn) By Clinics Segment, 2016–2027

Figure 25: Global Spinal Cord Stimulators Market Attractiveness Analysis by End User, 2017–2027

Figure 26: Global Spinal Cord Stimulators Market Share Analysis (%) By Region, 2017 & 2027

Figure 27: Global Spinal Cord Stimulators Market Y-o-Y Growth (%) By Region, 2016–2027 

Figure 28: North America Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 29: Latin America Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 30: Western Europe Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 31: Eastern Europe Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 32: APEJ Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 33: Japan Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 34: MEA Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 35: Global Spinal Cord Stimulators Market Attractiveness Analysis by Region, 2017–2027

Figure 36: North America Spinal Cord Stimulators Market Share Analysis (%) By Country, 2017, 2027

Figure 37: North America Spinal Cord Stimulators Market Y-o-Y Growth (%) By Country, 2016–2027

Figure 38: The U.S. Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 39: Canada Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 40: North America Spinal Cord Stimulators Market Attractiveness Analysis by Country, 2017–2027 

Figure 41: North America Spinal Cord Stimulators Market Attractiveness Analysis by Application, 2017–2027 

Figure 42: North America Spinal Cord Stimulators Market Attractiveness Analysis by Product Type, 2017 – 2027 

Figure 43: North America Spinal Cord Stimulators Market Attractiveness Analysis by End User, 2017 – 2027 

Figure 44: Latin America Spinal Cord Stimulators Market Share Analysis (%) By Country, 2017 & 2027

Figure 45: Latin America Spinal Cord Stimulators Market Y-o-Y Growth (%) By Country, 2016–2027

Figure 46: Brazil Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 47: Mexico Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 48: Rest of Latin America Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 49: Latin America Spinal Cord Stimulators Market Attractiveness Analysis by Country, 2017–2027 

Figure 50: Latin America Spinal Cord Stimulators Market Attractiveness Analysis by Application, 2017–2027 

Figure 51: Latin America Spinal Cord Stimulators Market Attractiveness Analysis by Product Type, 2017–2027 

Figure 52: Latin America Spinal Cord Stimulators Market Attractiveness Analysis by End User, 2017–2027 

Figure 53: Western Europe Spinal Cord Stimulators Market Share Analysis (%) By Country, 2017, 2027

Figure 54: Western Europe Spinal Cord Stimulators Market Y-o-Y Growth (%) By Country, 2016–2027

Figure 55: Germany Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 56: U.K. Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 57: Spain Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 58: France Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 59: Italy Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 60: Rest of Western Europe Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 61: Western Europe Spinal Cord Stimulators Market Attractiveness Analysis by Country, 2017 – 2027 

Figure 62: Western Europe Spinal Cord Stimulators Market Attractiveness Analysis by Application, 2017 – 2027 

Figure 63: Western Europe Spinal Cord Stimulators Market Attractiveness Analysis by Product Type, 2017 – 2027 

Figure 64: Western Europe Spinal Cord Stimulators Market Attractiveness Analysis by End User, 2017 – 2027 

Figure 65: Eastern Europe Spinal Cord Stimulators Market Share Analysis (%) By Country, 2017 & 2027

Figure 66: Eastern Europe Spinal Cord Stimulators Market Y-o-Y Growth (%) By Country, 2016–2027

Figure 67: Poland Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 68: Russia Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 69: Rest of Eastern Europe Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 70: Eastern Europe Spinal Cord Stimulators Market Attractiveness Analysis by Country, 2017–2027 

Figure 71: Eastern Europe Spinal Cord Stimulators Market Attractiveness Analysis by Application, 2017–2027 

Figure 72: Eastern Europe Spinal Cord Stimulators Market Attractiveness Analysis by Product Type, 2017–2027 

Figure 73: Eastern Europe Spinal Cord Stimulators Market Attractiveness Analysis by End User, 2017–2027 

Figure 74: APEJ Spinal Cord Stimulators Market Share Analysis (%) By Country, 2017 & 2027

Figure 75: APEJ Spinal Cord Stimulators Market Y-o-Y Growth (%) By Country, 2016–2027

Figure 76: China Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 77: India Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 78: A&NZ Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 79: Rest of APEJ Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 80: APEJ Spinal Cord Stimulators Market Attractiveness Analysis by Country, 2017–2027 

Figure 81: APEJ Spinal Cord Stimulators Market Attractiveness Analysis by Application, 2017–2027 

Figure 82: APEJ Spinal Cord Stimulators Market Attractiveness Analysis by Product Type, 2017–2027 

Figure 83: APEJ Spinal Cord Stimulators Market Attractiveness Analysis by End User, 2017–2027 

Figure 84: Japan Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 85: Japan Spinal Cord Stimulators Market Attractiveness Analysis by Application, 2017 – 2027 

Figure 86: Japan Spinal Cord Stimulators Market Attractiveness Analysis by Product Type, 2017 – 2027 

Figure 87: Japan Spinal Cord Stimulators Market Attractiveness Analysis by End User, 2017 – 2027 

Figure 88: MEA Spinal Cord Stimulators Market Share Analysis (%) By Country, 2017 & 2027

Figure 89: MEA Spinal Cord Stimulators Market Y-o-Y Growth (%) By Country, 2016–2027

Figure 90: GCC countries Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 91: South Africa Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 92: Rest of MEA Spinal Cord Stimulators Market Absolute $ Opportunity (US$ Mn), 2016–2027

Figure 93: MEA Spinal Cord Stimulators Market Attractiveness Analysis by Country, 2017–2027 

Figure 94: MEA Spinal Cord Stimulators Market Attractiveness Analysis by Application, 2017–2027 

Figure 95: MEA Spinal Cord Stimulators Market Attractiveness Analysis by Product Type, 2017–2027 

Figure 96: MEA Spinal Cord Stimulators Market Attractiveness Analysis by End User, 2017–2027 

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