Global Spinal Cord Stimulation Devices Market 2016-2020

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.

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