Spinal Cord Stimulation Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Spinal Cord Stimulation Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : March, 2023 | Medical Devices

Report Digest

Global Spinal Cord Stimulation Devices Market: Snapshot

The pulse generator sends electricity to the nerve fibres in the spinal cord through a small cable. The rise in the number of individuals with Complex Regional Pain Syndrome (CRPS), chronic pain, and failed back syndrome is likely to emerge as a major growth driver of the global spinal cord stimulation devices market.

After an accident, CRPS is a persistent pain condition that affects one limb (leg, hand, foot, or arm). There are two forms of CRPS, which are CRPS-I and CRPS-II. Individuals with CRPS-I are defined as having no verified nerve injury, whereas those with confirmed nerve related injury are classed as having CRPS-II.

CRPS symptoms are more typically reported in women and can affect anyone at any age, according to the National Institute of Neurological Disorders and Stroke (NINDS). CRPS is caused by trauma and injuries in 90.0 % of patients. As a result, a rising number of people suffering from chronic pain is estimated to drive growth of the global Spinal cord stimulation devices market.

It works by altering and inhibiting pain impulses before they reach the brain, which helps to alleviate chronic pain. The therapy of spinal cord stimulation is based on electrical stimulation on the dorsal side of the spinal cord, which prevents neuropathic pain, as per the National Center for Biotechnology Information (NCBI).

By suppressing pain before it enters the brain, the spinal cord stimulation device is utilized to treat patients who have had little success with spine procedures. As a result, an increase in the number of patients dealing with chronic pain following surgery is expected to boost product demand in the years to come. In addition to that, technological advances are projected to accelerate the market's expansion. Medtronic's Intellis, for example, is the world's smallest implanted spinal cord stimulator, aimed at overcoming limitations in existing systems.

The device's high-dose treatment allows patients suffering from conditions like degenerative disc disease to feel less pain. To achieve a competitive edge in the sector, key corporations are developing technologically upgraded products. For instance, Boston Scientific introduced its Spectra WaveWriter spinal cord stimulator in Europe in January 2019. It is an instrument that utilizes electrical impulses to alleviate chronic pain. This innovative method also allows doctors and patients to personalize their treatment plans.

Global Spinal Cord Stimulation Devices Market: Overview

Spinal cord stimulation devices are effective way of pain relief technique, which works through passing a low voltage electric current to the spinal cord. This process packs the pain signals before reaching the brain and thus avoids the painful sensation. However, these devices are not new to use for spinal cord stimulation therapy. These devices have underwent robust research and development, for sharpening the technology. In addition, increasing government support in the form of reimbursements for devices, new product launches, and wireless remote technique, which are reflecting in terms of growth of the market.

Global Spinal Cord Stimulation Devices Market: Companies Mentioned

Some of the players operating in the global spinal cord stimulation devices market are Boston Scientific Corp., NeuroSigma, Inc., Medtronic PLC, Nevro Corp., Synapse Biomedical, Inc., and Stimwave LLC. The market is estimated to gain benefit from the new product launches, patent approvals, and regulatory approvals from the governmental bodies.

For instance, in 2019, the Nevro Corp has received motion for preliminary injunction. However, the local US court has issued a stay order for Stimwave Technologies, Inc., from infringing patent claims for 3 kHz and 10 kHz by programming Stimwave's SCS systems. Such patent expiration and newer approvals are leading to benefit other companies; thus, the players are looking to improve their products offerings.

However, strict criteria’s for approving the newer techniques is creating barrier in the growth way of the major companies such as Saluda Medical. The company is facing hurdle for getting its spinal cord stimulation device approved by regulators in the US and Australia.

Global Spinal Cord Stimulation Devices Market: Drivers and Restraints

Surge in number of people suffering from several diseases such as chronic pain, failed back syndrome, and Complex Regional Pain Syndrome (CRPS) is creating need for newer technologies for better treatment. This is a key factor propelling growth of the global spinal cord stimulation devices market. The CRPS condition is known for chronic pain of limb majorly after injuries. The National Institute of Neurological Disorders and Stroke (NINDS), suggests that the symptoms of CRPS are majorly found in women of any age and 90.0% of the cases are occurred due to trauma and injury. Thus, increase in number of patients having chronic pain is leading to boost the market growth and is estimated to drive the market in coming years. Additionally, advent of technological advancement coupled with rising awareness among people toward health is driving growth of the global spinal cord stimulation devices market.

Global Spinal Cord Stimulation Devices Market: Geographical Analysis

Based on the region, the spinal cord stimulation devices market is segmented in to five parts such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Of these, North America is anticipated to dominate the spinal cord stimulation devices market in coming years. This growth is attributable to the increased prevalence of chronic pain, CRPS, and failed back syndrome. Additionally, the factors such as increase in awareness about presence of spinal cord stimulation therapy, presence of well-established healthcare facilities along with continuously evolving technologies, and availability of highly skilled doctors and operators are estimated to drive the regional market in coming years. Further, earliest adoption of technologically advanced products is estimated to push the growth of market. However, the Asia Pacific region is expected to witness the highest CAGR owing to surge in number of patients of neuropathic pain especially after the spinal surgeries coupled with chronic pain in arms, legs, and foot. 

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