Spinal Cord Stimulation Devices Market Size, Share & Trends Analysis Report By Application (Degenerative Disk Disease, CRPS), By Product (Rechargeable, Non-rechargeable), And Segment Forecasts, 2018 - 2026

Published: Jul, 2019 | Pages: 155 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global spinal cord stimulation devices market size is anticipated to reach USD 3.58 billion by 2026 registering a CAGR of 8.7%, according to a new report by Grand View Research, Inc. Increasing incidence of failed back syndrome and complex regional pain syndrome is anticipated to boost the market growth. Failed back syndrome occurs as a chronic pain after spinal surgeries for back or leg pain. After spinal surgery, the pain gets reduced or the condition may get worst due to scar tissue which build up around the spinal nerve roots.

Spinal cord stimulation device is used to treat patients who failed to get the result from spinal surgeries, by blocking the pain before it reaches the brain. Thus, increasing number of patients suffering from chronic pain after surgeries is likely to augment the product demand over the forecast period. In addition, technological advancements are expected to fuel the market growth further. For instance, Medtronic's Intellis is a smallest implantable spinal cord stimulator designed to overcome limitations with the current systems.

The high dose therapy of the device helps reduce the pain for the patients suffering from diseases, such as degenerative disk disease. Key companies are introducing technologically enhanced products to gain competitive advantage in the industry. For instance, in January 2019, Boston Scientific launched its Spectra WaveWriter spinal cord stimulator in Europe. It is used for the treatment of chronic pain through electrical impulses. This new system also allows physicians and patients to customize their therapy.

Further key findings from the study suggest:

• Rechargeable device segment led the global market in 2018 and is projected to expand further at the fastest CAGR from 2018 to 2026

• This is attributed to the factors, such as new product launches by key companies and increasing number of patients suffering from neuropathic pain

• Failed back syndrome was the dominant application segment in 2018 owing to high number of patients suffering from pain after spinal surgeries

• North America led the global spinal cord stimulation devices market in 2018 owing to the increased incidence of post-laminectomy syndrome followed by chronic longstanding back pain

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Market segmentation & scope
                     1.1.1 Product
                     1.1.2 Application
                     1.1.3 Regional scope
                     1.1.4 Estimates and forecast timeline
                 1.2 Research Methodology
                 1.3 Information Procurement
                     1.3.1 Purchased database
                     1.3.2 GVR's internal database
                     1.3.3 Secondary sources & third party perspectives
                     1.3.4 Primary research
                     1.3.5 Details of primary research
                         1.3.5.1 Data for Primary Interviews in North America
                         1.3.5.2 Data for Primary Interviews in Europe
                         1.3.5.3 Data for Primary Interviews in Asia Pacific
                         1.3.5.4 Data for Primary Interviews in Latin America
                         1.3.5.5 Data for Primary Interviews in MEA
                 1.4 Information or Data Analysis
                     1.4.1 Data Analysis Models
                 1.5 Market Formulation & Validation
                 1.6 Model Details
                     1.6.1 Commodity Flow Analysis (Model 1)
                         1.6.1.1 Approach 1: Commodity Flow Approach
                     1.6.2 Volume Price Analysis (Model 2)
                         1.6.2.1 Approach 2: Volume Price Analysis
                 1.7 List of Secondary Sources
                 1.8 List of Primary Sources
                 1.9 List of Abbreviations
                 1.10 Objectives
                     1.10.1 Objective 1
                     1.10.2 Objective 2
Chapter 2 Executive Summary
                 2.1 Market Outlook
                 2.2 Segment Outlook
                 2.3 Competitive Insights
Chapter 3 Spinal Cord Stimulation Devices Market Variables, Trends & Scope
                 3.1 Market Lineage Outlook
                     3.1.1 Parent market outlook
                     3.1.2 Related/ancillary market outlook
                 3.2 Penetration & Growth Prospect Mapping
                 3.3 User Perspective Analysis
                     3.3.1 Consumer behavior analysis
                     3.3.2 Market influencer analysis
                 3.4 List of Key End-users, by region / by type / by country
                 3.5 Regulatory Framework
                     3.5.1 Reimbursement framework
                     3.5.2 Standards & compliances
                 3.6 Market Dynamics
                     3.6.1 Market driver analysis
                         3.6.1.1 Increasing incidence of failed back syndrome
                         3.6.1.2 Availability of medical reimbursements
                         3.6.1.3 Increase in number of patients suffering from chronic pain
                         3.6.1.4 Increasing incidence of complex regional pain syndrome
                     3.6.2 Market restraint analysis
                         3.6.2.1 Adverse risks associated with spinal cord stimulation devices
                     3.6.3 Market challenges
                         3.6.3.1 Availability of therapies
                 3.7 Spinal Cord Stimulation Devices: Market Analysis Tools
                     3.7.1 Industry analysis - PORTER'S
                         3.7.1.1 Supplier power
                         3.7.1.2 Buyer Power
                         3.7.1.3 Substitution Threat 
                         3.7.1.4 Threat from new entrant 
                         3.7.1.5 Competitive rivalry 
                     3.7.2 PESTEL analysis
                         3.7.2.1 Political landscape
                         3.7.2.2 Environmental landscape
                         3.7.2.3 Social landscape
                         3.7.2.4 Technology landscape
                         3.7.2.5 Legal landscape
Chapter 4 Spinal Cord Stimulation Devices Market: Segment Analysis, by Product, 2015 - 2026 (USD Million)
                 4.1 Definitions & Scope
                 4.2 Spinal cord stimulation devices share market analysis, 2018 & 2026
                 4.3 Segment Dashboard
                 4.4 Global Spinal cord stimulation devices share marke, by product, 2015 to 2026
                 4.5 Market Size & Forecasts and Trend Analysis, 2015 to 2026
                     4.5.1 Rechargeable device market
                         4.5.1.1 Rechargeable device market size & forecasts, 2015 to 2026
                     4.5.2 Non-Rechargeable device market t
                         4.5.2.1 Non-Rechargeable device market size & forecasts, 2015 to 2026
Chapter 5 Spinal Cord Stimulation Devices Market: Segment Analysis, by application, 2015 - 2026 (USD Million)
                 5.1 Definitions & Scope
                 5.2 Spinal cord stimulation devices share market share analysis, 2018 & 2026
                 5.3 Segment Dashboard
                 5.4 Global Spinal cord stimulation devices share market, by application, 2015 to 2026
                 5.5 Market Size & Forecasts and Trend Analysis, 2015 to 2026
                     5.5.1 Failed back syndrome
                         5.5.1.1 Failed back syndrome Market size & forecasts, 2015 to 2026
                     5.5.2 Complex regional pain syndrome
                         5.5.2.1 Complex regional pain syndrome Market size & forecasts, 2015 to 2026
                     5.5.3 Degenerative disk disease
                         5.5.3.1 Degenerative disk disease Market size & forecasts, 2015 to 2026
                     5.5.4 Unsuccessful disks surgery
                         5.5.4.1 Unsuccessful disks surgery Market size & forecasts, 2015 to 2026
                     5.5.5 Others
                         5.5.5.1 Others Market size & forecasts, 2015 to 2026
Chapter 6 Spinal Cord Stimulation Devices Market: Regional Movement Analysis, 2015 - 2026 (USD Million)
                 6.1 Definitions & Scope
                 6.2 Regional Market Share Analysis, 2018 & 2026
                 6.3 Regional Market Dashboard
                 6.4 Regional Market Snapshot
                 6.5 SWOT Analysis, by Factor (Political & Legal, Economic And Technological)
                     6.5.1 North America
                     6.5.2 Europe
                     6.5.3 Asia Pacific
                     6.5.4 Latin America
                     6.5.5 Middle East & Africa
                 6.6 Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 2026:
                 6.7 North America
                     6.7.1 North America market estimates and forecast, 2015 - 2026
                     6.7.2 U.S.
                         6.7.2.1 U.S. market estimates and forecast, 2015 - 2026
                     6.7.3 Canada
                         6.7.3.1 Canada market estimates and forecast, 2015 - 2026
                 6.8 Europe
                     6.8.1 Europe market estimates and forecast, 2015 - 2026 (USD Million)
                     6.8.2 Germany
                         6.8.2.1 Germany market estimates and forecast, 2015 - 2026
                     6.8.3 U.K.
                         6.8.3.1 U.K. market estimates and forecast, by product, 2015 - 2026
                     6.8.4 France
                         6.8.4.1 France market estimates and forecast, by product, 2015 - 2026
                     6.8.5 Italy
                         6.8.5.1 Italy market estimates and forecast, 2015 - 2026
                     6.8.6 Spain
                         6.8.6.1 Spain market estimates and forecast, 2015 - 2026
                     6.8.6 Russia
                         6.8.6.1 Russia market estimates and forecast, 2015 - 2026
                 6.9 Asia Pacific
                     6.9.1 Asia Pacific market estimates and forecast, by country, 2015 - 2026
                     6.9.2 China
                         6.9.2.1 China market estimates and forecast, 2015 - 2026
                     6.9.3 Japan
                         6.9.3.1 Japan market estimates and forecast, 2015 - 2026
                     6.9.4 India
                         6.9.4.1 India market estimates and forecast, 2015 - 2026
                     6.9.5 Australia
                         6.9.5.1 Australia market estimates and forecast, 2015 - 2026
                     6.9.6 South Korea
                         6.9.6.1 South Korea market estimates and forecast, 2015 - 2026
                     6.9.6 Singapore
                         6.9.6.1 Singapore market estimates and forecast, 2015 - 2026
                 6.10 Latin America
                     6.10.1 Latin America market estimates and forecast, by country, 2015 - 2026
                     6.10.2 Brazil
                         6.10.2.1 Brazil market estimates and forecast, by product, 2015 - 2026
                     6.10.3 Mexico
                         6.10.3.1 Mexico market estimates and forecast, by product, 2015 - 2026
                     6.10.4 Argentina
                         6.10.4.1 Argentina market estimates and forecast, by product, 2015 - 2026
                     6.10.5 Colombia
                         6.10.5.1 Colombia market estimates and forecast, by product, 2015 - 2026
                 6.11 Middle East and Africa
                     6.11.1 Middle East & Africa market estimates and forecast, by country, 2015 - 2026
                     6.11.2 South Africa
                         6.11.2.1 South Africa market estimates and forecast, by product, 2015 - 2026
                     6.11.3 Saudi Arabia
                         6.11.3.1 Saudi Arabia market estimates and forecast, by product, 2015 - 2026
                     6.11.4 UAE
                         6.11.4.1 UAE Market estimates and forecast, by product, 2015 - 2026
Chapter 7 Spinal Cord Stimulation Devices Market Competitive Landscape
                 7.1 Recent Developments & Impact Analysis, by Key Market Participants
                 7.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                 7.3 Vendor Landscape
                     7.3.1 List of key distributors and channel partners
                     7.3.2 Key customers
                     7.3.3 Key company market share analysis, 2018
                 7.4 Public Companies
                     7.4.1 Company market position analysis 
                         7.4.1.1 Financial performance
                         7.4.1.2 Geographic presence
                         7.4.1.3 Product portfolio
                         7.4.1.4 Key alliances
                     7.4.4 Competitive dashboard analysis
                         7.4.4.1 Market differentiators
                         7.4.4.2 Synergy analysis, major deals & strategic analysis
                 7.5 Private Companies
                     7.5.1 List of key emerging companies/ technology disruptors/ innovators
                     7.5.2 Regional network map
                     7.5.3 Company market position analysis
                         7.5.3.1 Geographic presence
                         7.5.3.2 Product portfolio
                 7.6 Key Companies Profiled
                     7.6.1 BOSTON SCIENTIFIC CORPORATION 
                         7.6.1.1 Company overview
                         7.6.1.2 Financial performance
                         7.6.1.3 Product benchmarking
                         7.6.1.4 Strategic initiatives 
                     7.6.2 ST. JUDE MEDICAL, INC. (ABBOTT) 
                         7.6.2.1 Company overview
                         7.6.2.2 Financial performance
                         7.6.2.3 Product benchmarking
                         7.6.2.4 Strategic initiatives 
                     7.6.3 NEUROSIGMA INC.
                         7.6.3.1 Company overview
                         7.6.3.2 Financial performance
                         7.6.3.3 Product benchmarking
                         7.6.3.4 Strategic initiatives 
                     7.6.4 NEVRO CORP.
                         7.6.4.1 Company overview
                         7.6.4.2 Financial performance
                         7.6.4.3 Product benchmarking
                         7.6.4.4 Strategic initiatives
                     7.6.5 SYNAPSE BIOMEDICAL INC.
                         7.6.5.1 Company overview
                         7.6.5.2 Financial performance
                         7.6.5.3 Product benchmarking
                         7.6.5.4 Strategic initiatives
                     7.6.6 MEDTRONIC
                         7.6.6.1 Company overview
                         7.6.6.2 Financial performance
                         7.6.6.3 Product benchmarking
                         7.6.6.4 Strategic initiatives

List of Tables

Table 1. Primary interview details: North America
Table 2. Primary interview details: Europe
Table 3. Primary interview details: APAC
Table 4. Primary interview details: Latin America
Table 5. Primary interview details: MEA
Table 6. List of secondary sources
Table 7. List of abbreviation
Table 8. North America spinal cord stimulation devices market, by country, 2015 - 2026 (USD Million)
Table 9. North America spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 10. North America spinal cord stimulation devices market, by application, 2015 - 2026 (USD Billion)
Table 11. U.S. spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 12. U.S. spinal cord stimulation devices market, by application, 2015 - 2026 (USD Billion)
Table 13. Canada spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 14. Canada spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 15. Europe spinal cord stimulation devices market, by country, 2015 - 2026 (USD Million)
Table 16. Europe spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 17. Europe spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 18. U.K. spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 19. U.K. spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 20. Germany spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 21. Germany spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 22. France spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 23. France spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 24. Italy spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 25. Italy spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 26. Spain spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 27. Spain spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 28. Russia spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 29. Russia spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 30. Asia Pacific spinal cord stimulation devices market, by country, 2015 - 2026 (USD Million)
Table 31. Asia Pacific spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 32. Asia Pacific spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 33. China spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 34. China spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 35. India spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 36. India spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 37. South Korea spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 38. South Korea spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 39. Australia spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 40. Australia spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 41. Japan spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 42. Japan spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 43. Singapore spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 44. Singapore spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 45. Latin America spinal cord stimulation devices market, by country, 2015 - 2026 (USD Million)
Table 46. Latin America spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 47. Latin America spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 48. Brazil spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 49. Brazil spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 50. Mexico spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 51. Mexico spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 52. Argentina spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 53. Argentina spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 54. Colombia spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 55. Colombia spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 56. Middle East & Africa spinal cord stimulation devices market, by country, 2015 - 2026 (USD Million)
Table 57. Middle East & Africa spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 58. Middle East & Africa spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 59. South Africa spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 60. South Africa spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 61. Saudi Arabia spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 62. South Africa spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 63. UAE spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Table 64. South Africa spinal cord stimulation devices market, by application, 2015 - 2026 (USD Million)
Table 65. List of key distributors and channel partners
Table 66. List of key emerging companies' /technology disruptors/innovator

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Primary interviews in North America
Fig. 5 Primary interviews in Europe
Fig. 6 Primary interviews in APAC
Fig. 7 Primary interviews in Latin America
Fig. 8 Primary interviews in MEA
Fig. 9 Market research approaches
Fig. 10 Value-chain-based sizing & forecasting
Fig. 11 QFD modeling for market share assessment
Fig. 12 Market formulation & validation
Fig. 13 Parent market outlook
Fig. 14 Ancillary market outlook
Fig. 15 Spinal cord stimulation devices market driver impact
Fig. 17 Spinal cord stimulation devices market restraint impact
Fig. 18 Spinal cord stimulation devices market challenge impact
Fig. 19 Porter's five force analysis
Fig. 20 Spinal cord stimulation devices market share, by product, 2018 & 2026 (%)
Fig. 21 Spinal cord stimulation devices market: segment dashboard
Fig. 22 Spinal cord stimulation devices market: Product outlook and key takeaways
Fig. 23 Rechargeable spinal cord stimulation devices market, 2015 - 2026 (USD Million)
Fig. 24 Non-Rechargeable spinal cord stimulation devices market, 2015 - 2026 (USD Million)
Fig. 25 Spinal cord stimulation devices market by application, 2018 & 2026 (%)
Fig. 26 Spinal cord stimulation devices market: segment dashboard
Fig. 27 Spinal cord stimulation devices market: application outlook and key takeaways
Fig. 28 Failed back syndrome market, 2015 - 2026 (USD Million)
Fig. 29 Complex regional pain syndrome market, 2015 - 2026 (USD Million)
Fig. 30 Degenerative disk disease market, 2015 - 2026 (USD Million)
Fig. 31 Unsuccessful disk surgery market, 2015 - 2026 (USD Million)
Fig. 32 Others market, 2015 - 2026 (USD Million)
Fig. 33 Spinal cord stimulation devices market share, by Region, 2018 & 2026 (%)
Fig. 34 Spinal cord stimulation devices market regional outlook and key takeaways
Fig. 35 Spinal cord stimulation devices market regional movement analysis
Fig. 36 North America spinal cord stimulation devices market SWOT analysis
Fig. 37 Europe spinal cord stimulation devices market SWOT analysis
Fig. 39 Asia Pacific spinal cord stimulation devices market SWOT analysis
Fig. 40 Latin America spinal cord stimulation devices market SWOT analysis
Fig  41 Middle East & Africa Spinal cord stimulation devices market SWOT analysis
Fig  42 North America
Fig. 43 North America spinal cord stimulation devices market, 2015 - 2026 (USD Million)
Fig. 44 U.S. spinal cord stimulation devices market, by product , 2015 - 2026 (USD Million)
Fig. 45 Canada Spinal cord stimulation devices market, by product , 2015 - 2026 (USD Million)
Fig. 46 Europe
Fig. 47 Europe spinal cord stimulation devices market, 2015 - 2026 (USD Million)
Fig. 48 Germany spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 49 U.K. spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 50 France spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 51 Italy spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 52 Spain spinal cord stimulation devices market, by product2015 - 2026 (USD Million)
Fig. 53 Russia spinal cord stimulation devices market, by product2015 - 2026 (USD Million)
Fig. 54 Asia Pacific
Fig. 55 Asia Pacific spinal cord stimulation devices market, 2015 - 2026 (USD Million)
Fig. 56 China spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 57 Japan spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 58 India spinal cord stimulation devices market, by product , 2015 - 2026 (USD Million)
Fig. 59 Australia spinal cord stimulation devices market, by product , 2015 - 2026 (USD Million)
Fig. 60 South Korea spinal cord stimulation devices market, by product , 2015 - 2026 (USD Million)
Fig. 61 Singapore spinal cord stimulation devices market, by product , 2015 - 2026 (USD Million)
Fig. 62 Latin America
Fig. 63 Latin America spinal cord stimulation devices market, 2015 - 2026 (USD Million)
Fig. 64 Brazil spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 65 Mexico spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 66 Argentina spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 67 Colombia spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 68 Middle East and Africa
Fig. 69 Middle East & Africa spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 70 South Africa spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 71 Saudi Arabia spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 72 UAE spinal cord stimulation devices market, by product, 2015 - 2026 (USD Million)
Fig. 73 Recent developments & impact analysis, by key market participants
Fig. 74 Key company market share analysis, 2018
Fig  75 Company market position analysis
Fig. 76 Competitive dashboard analysis
Fig. 77 Company market position analysis