Global Spinal Cord Stimulation Devices Market 2016-2020

  • ID: 3802128
  • Report
  • Region: Global
  • 62 pages
  • TechNavio
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FEATURED COMPANIES

  • Boston Scientific
  • Greatbatch
  • Medtronic
  • Nevro
  • St Jude Medical
  • Stimwave
  • MORE
About Neurostimulation

Neurostimulation devices are gaining acceptance as an alternative therapy for certain chronic pain conditions. These devices have also been used in the management of neurological disorders like Parkinson’s disease and epilepsy. The currently available neurostimulators mainly focus on SCS, deep brain stimulation (DBS), vagus nerve stimulation (VNS), and sacral nerve stimulation (SNS).

The analysts forecast the global spinal cord stimulation (SCS) devices market to grow at a CAGR of 4.84% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global spinal cord stimulation (SCS) devices market for 2016-2020. To calculate the market size, we consider the revenue generated from the sale of SCS devices.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Spinal Cord Stimulation (SCS) Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Boston Scientific
- Medtronic
- Nevro
- St. Jude Medical

Other prominent vendors
- Greatbatch
- Stimwave

Market drivers
- Favorable reimbursement and insurance approval policies
- For a full, detailed list, view the full report

Market challenges
- Stringent regulatory approvals and high cost of devices
- For a full, detailed list, view the full report

Market trends
- Innovative techniques in minimally invasive spinal surgery
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Boston Scientific
  • Greatbatch
  • Medtronic
  • Nevro
  • St Jude Medical
  • Stimwave
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by application

PART 07: Market segmentation by product
  • Market overview
PART 08: Market segmentation by end-user
  • Market overview
  • Market size and forecast
PART 09: Geographical segmentation
  • SCS devices market in Americas
  • SCS devices market in EMEA
  • SCS devices market in APAC
PART 10: Market drivers
  • Rapid advances in high-frequency device technologies leading to rise in implantation procedures
  • Favorable reimbursement and insurance approval policies
  • High market potential for SCS devices in neurostimulation
PART 11: Impact of drivers

PART 12: Market challenges
  • Stringent regulatory approvals and high cost of devices
  • Availability of alternate effective medication options
  • Dearth of expertise and trained healthcare personnel
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • Innovative techniques in minimally invasive spinal surgery
  • Shift of surgeons' focus toward SCS procedures
  • Continuous investment by manufacturers
PART 15: Vendor landscape
  • Competitive scenario
PART 16: Key vendor analysis
  • Boston Scientific
  • Medtronic
  • Nevro
  • St. Jude Medical
  • Other prominent vendors
PART 17: Appendix
  • List of abbreviations
PART 18: About the Author

List of Exhibits
Exhibit 01: Global SCS devices market
Exhibit 02: Product offerings
Exhibit 03: Opportunity analysis of global SCS devices market
Exhibit 04: Global SCS devices market 2015-2020 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Market opportunities by key applications
Exhibit 07: Classification of neurostimulators
Exhibit 08: Components of SCS system
Exhibit 09: Comparison chart for different SCS devices
Exhibit 10: Market metric analysis of conventional IPG devices 2015 and 2020
Exhibit 11: Market metric analysis of rechargeable IPG devices 2015 and 2020
Exhibit 12: Global market shares for conventional IPG, rechargeable IPG, and radio frequency PG 2015 and 2020
Exhibit 13: Global SCS devices market by end-user 2015
Exhibit 14: Global SCS distribution share 2020
Exhibit 15: Global SCS devices market by geography 2015
Exhibit 16: SCS devices market in Americas 2015-2020 ($ billions)
Exhibit 17: SCS devices market in EMEA 2015-2020 ($ millions)
Exhibit 18: SCS devices market in APAC 2015-2020 ($ millions)
Exhibit 19: Impact of drivers
Exhibit 20: Impact of drivers and challenges
Exhibit 21: Impact assessment of global SCS devices market
Exhibit 22: Global SCS devices market: Competitive scenario
Exhibit 23: Market share of key vendors in global SCS devices market 2015
Exhibit 24: Boston Scientific: Metric analysis
Exhibit 25: Medtronic: Metric analysis
Exhibit 26: Nevro: Metric analysis
Exhibit 27: St. Jude Medical: Metric analysis
Exhibit 28: Other prominent vendors
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FEATURED COMPANIES

  • Boston Scientific
  • Greatbatch
  • Medtronic
  • Nevro
  • St Jude Medical
  • Stimwave
  • MORE
New Report Released: – Global Spinal Cord Stimulation (SCS) Devices Market 2016-2020

The author of the report recognizes the following companies as the key players in the global spinal cord stimulation (SCS) devices market: Boston Scientific, Medtronic, Nevro, and St. Jude Medical.

Other Prominent Vendors in the market are: Greatbatch, and Stimwave.

Commenting on the report, an analyst from the research team said: “Shift of surgeons' focus toward SCS procedures will be a key trend for market growth. Surgeons prefer MIS compared with open surgery as it is considered to be safe and allows patients to recover faster. They have fewer scars on the operated area and the surgery is not less painful compared with the other surgeries. MIS is usually carried out in outpatient settings and requires only a short hospital stay. MIS has gained huge acceptance as it reduces the operative traumatic stress without compromising on therapeutic benefits. The latest robotic-assisted technique requires incisions of a few millimeters in length, as well as highly skilled surgeons. The use of MIS techniques to treat spine-related disorders is likely to increase in the coming years.”

According to the report, one of the key drivers for market growth will be rapid advances in high-frequency device technologies leading to rise in implantation procedures. Manufacturers are spending heavily on research to increase the efficiency of SCS devices and develop innovative products for improved patient care. The older versions of devices with battery life of 3-5 years are being replaced with the latest rechargeable devices, which have a battery life of 15-20 years. These new advanced devices can be used in future for indications related to chronic, intractable pain of the trunk and limbs. The upcoming devices are much more refined, upgraded, and tailor-made in contrast to the currently used SCS devices that have procedural invasiveness, weigh more, and are ineffective in pain relief over time.

Further, the report states that availability of alternate effective medication will be a challenge for the market. Opioid analgesic drugs are the major alternative treatment options available to SCS devices. These drugs are being used for a long time. Despite the devices being highly effective and safer than drugs, they are still less preferred. The reason for low preference for devices is attributed to the low cost of drugs and their non-invasive nature. In addition, the introduction of innovative drug delivery techniques and improved drugs in the pipeline will provide a strong competition to these devices. In APAC, alternative treatments like Ayurveda, yoga, and physiotherapy play a prominent role in chronic pain management.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Boston Scientific
- Medtronic
- Nevro
- St Jude Medical
- Greatbatch
- Stimwave
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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