Press Release

Spinal Cord Stimulation Market to Exhibit 8.1% CAGR, Rising Willingness to Spend on Quality Healthcare Services to Fuel Demand, says Fortune Business Insights

Spinal Cord Stimulation Market Growth by Top Key Vendors are Medtronic, Stimwave LLC, Nevro Corp., and Nuvectra, Abbott, Boston Scientific Corporation Forecast to 2026

Spinal Cord Stimulation MarketThe global spinal cord stimulation market is expected to gain from increasing per capita income. Recently Fortune Business insights, published a report, titled “Spinal Cord Stimulation: Global Market Analysis, Insights and Forecast, 2019-2026,” which studies in detail various factors influencing the market’s growth trajectory. According to the report, the global spinal cord stimulation market was worth US$ 2,268.9 Mn in 2018. The global market is anticipated to progress at a CAGR of 8.1% and value US$ 4,236.2 Mn by the end of 2026. The report offers a comprehensive overview on various segments of the global market.

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some of the key players in the global Market

  • Medtronic
  • Stimwave LLC
  • Nevro Corp.
  • Nuvectra
  • Abbott
  • Boston Scientific Corporation

As per the report the global spinal cord stimulation market was dominated by North America in 2018. The North America market was valued at US$ 1,086.7 Mn in 2018. The region is anticipated to remain dominant through the forecast period. Favorable health reimbursement policies available in the region is one of the key factors enabling expansion of the market in North America. Trailing North America, Europe has emerged as the second-leading region in the global market during the forecast period. Rapid technological advancements in the spinal cord stimulation systems is a primary factor expected to fuel the demand for spinal cord stimulation in Europe. Besides this, Asia Pacific is anticipated to report highest CAGR during forecast period. The market in the region is driven by the high demand and rapid adoption of spinal cord stimulation in the region. This is likely to enable growth in the global spinal cord stimulation market.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/spinal-cord-stimulation-market-100313

Abbot and Boston to Lead the Global Market

Abbott and Boston Scientific Corporation hold a significant share and are together leading the global spinal cord stimulation market. These companies are projected to lead the global market during the forecast period also. The growth witnessed is attributable to successful completion of acquisition of St. Jude Medical Inc. by Abbott. Product launch by Boston Scientific Corporation is also contributing towards the growth. St. Jude Medical Inc., was acquired by Abbot in 2017, which further gave Abbot access to St. Jude Medical’s product portfolio and market share. Strategic collaborations are intended at expanding footprint and product portfolio. Such expansion strategies are expected to bode well for the overall market. Some of the other companies operating in the global spinal cord stimulation market are Medtronic, Stimwave LLC, Nevro Corp., and Nuvectra.

Table of Content from Spinal Cord Stimulation Market

  1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

3.4. Market Trends

  1. Key Insights

4.1 Prevalence of Back Pain – For Key Countries, 2018

4.2 Regulatory Scenario – For Key Countries

4.3 Health Reimbursement Overview

4.4 New Product Launch

4.5 Key Industry Developments – Mergers, Acquisitions and Partnerships

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