The spinal cord stimulation system is also known as a neurostimulation system which provides the therapeutic treatment of the chronic back, neck and extremity pain. In spinal cord stimulation system, a small device is implanted near the spine to generate the electrical impulses.
These pulses stimulations feel like a mild tingling in the area where the pain is felt. The spinal cord stimulation system generated electrical impulses blocks the pain from being perceived by the brain. The low voltage electrical impulses manages the intractable chronic and neuropathic pain of the limbs or trunk.
The spinal cord stimulation system is programmed on the consideration of frequency, pulse width, and pulse amplitude. The increasing prevalence of chronic and neuropathic pain disorders and the increasing technological advancements to the spinal cord stimulation system, propels the demand of the spinal cord stimulation system over the forecast period.
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The global spinal cord stimulation system market is segmented on the basis of type, application, and end user.
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The global spinal cord stimulation system market is expected to register a significant CAGR over a forecast period. The increasing trend of minimally invasive surgery (MIM) is the key factor boost the demand of the spinal cord stimulation system and drives the global market.
The preference of spinal cord stimulation system is increasing over the other conventional treatments as these surgeries are generally less painful, helps to fast recovery of disorder and also reduces the operative stress, which also drives the global spinal cord stimulation system market.
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The spreading awareness about the advantages of spinal cord stimulation system for better pain management by the healthcare professionals, also propel the demand of spinal cord stimulation system and drives the global spinal cord stimulation system market.
The cost effectiveness of the spinal cord stimulation system as compared to other pain management surgeries, increases the demand of the spinal cord stimulation system and drives the global spinal cord stimulation system market.
However, the spinal cord stimulation system may lead to the complications such as nerve injury, devastating paralysis, and others minor correctable problems which could hamper the demand of the spinal cord stimulation system and restrain the growth of the global spinal cord stimulation system market. The interaction of spinal cord stimulation system with the pacemakers, diathermy, therapeutic ultrasound and MRI may result in unexpected changes in stimulation and leads to the failure of devices, which may also restrain the demand of system and growth of the global spinal cord stimulation system market.
On the basis of regional presence, the global spinal cord stimulation system market is segmented into five key regions: North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The North America is dominating and contributed the leading shares to the global spinal cord stimulation system market in terms of revenue and expected to register a significant growth over a forecast period due to technological advancement, developed medical infrastructure and reimbursement scenario.
The Europe has also contributed the moderate shares and registered a healthy growth rate to the global spinal cord stimulation system market followed by North America. The APEJ has become the lucrative market for spinal cord stimulation system and anticipated to register significant shares over the forecast period due to the increasing awareness and adoption of minimally invasive surgeries.
The increasing infrastructure developments and improvements in the medical devices industry also boost the APEJ spinal cord stimulation system market. The Latin America and MEA are at a nascent stage to the global spinal cord stimulation system market and expected to show a moderate growth over a forecast period due to increasing medical facilities and awareness in the region.
Some of the market players in spinal cord stimulation system market globally include Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Nevro Corp., Spinal Modulation and Stimwave LLC.
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