What Has Been the Progress and Growth of the Spinal Cord Stimulation Devices Market in Recent Years?
The spinal cord stimulation devices market has seen considerable growth due to a variety of factors.
• There has been substantial growth in the market size of spinal cord stimulation devices in the past few years. It is predicted to elevate from $2.74 billion in 2024 to $2.99 billion in 2025 with a compound annual growth rate (CAGR) of 9.01%.
This surge over time is attributed to enhanced clinical results and customer satisfaction, heightened awareness of alternative pain management options, an escalation in reimbursement backing, an upsurge in clinical studies and regulatory authorizations, and expansion in pain management clinics and centers.
What Can Be Expected from the Spinal Cord Stimulation Devices Market in the Coming Years?
The spinal cord stimulation devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market for spinal cord stimulation devices is forecasted to witness significant expansion in the coming years, reaching a valuation of $4.18 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.75%.
Several factors are expected to drive this growth, including the increasing incidents of chronic pain disorders, the escalating demand for non-opioid pain relief options, an aging populace, encouraging insurance reimbursement policies, increased acceptance of wire-free and re-powerable devices, and a heightened awareness of neuromodulation therapies among medical professionals and patients. Key trends anticipated within the forecast period include the progress in minimally invasive technology, developments in wireless and re-powerable devices, advances in frequency stimulation, the embrace of closed-loop feedback systems, the incorporation of wireless connectivity, enhanced waveform options, and the customization of pain management algorithms.
What Are the Critical Driver Fuelling the Spinal Cord Stimulation Devices Market's Growth?
The expansion of the spinal cord stimulation devices market is projected to be fueled by the increasing instances of chronic pain conditions. Chronic pain refers to a persistent, ongoing pain that lasts for 12 weeks or more due to conditions such as arthritis, neuropathy, or lower back pain. The growth in chronic pain cases can be traced back to factors such as a growing older population, modifications in lifestyle, chronic health ailments, and injuries or trauma. Spinal cord stimulation (SCS) devices function by adjusting pain signals using electrical pulses, providing relief to ongoing conditions. For instance, data from the Centers for Disease Control and Prevention, a government body based in the US, confirmed in November 2024 that 24.3% of adults experienced chronic pain in 2023, with 8.5% suffering from high-impact chronic pain, which equates to 34.9% of those suffering from chronic pain. Hence, the surge in chronic pain incidences is propelling the growth of the spinal cord stimulation devices market.
How Are The Segments Defined Within The Global Spinal Cord Stimulation Devices Market?
The spinal cord stimulation devices market covered in this report is segmented –
1) By Type: Implantable Spinal Cord Stimulators, Non-Implantable Spinal Cord Stimulators
2) By Product Type: Rechargeable Devices, Non-Rechargeable Devices
3) By Application: Failed Back Surgery Syndrome, Complex Regional Pain Syndrome, Degenerative Disc Disease, Unsuccessful Disk Surgery, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Neuro Clinics
Subsegments:
1) By Implantable Spinal Cord Stimulators: Rechargeable Spinal Cord Stimulators, Non-Rechargeable Spinal Cord Stimulators, Multi-Lead Implantable Spinal Cord Stimulators
2) By Non-Implantable Spinal Cord Stimulators: External Spinal Cord Stimulators, Wearable Spinal Cord Stimulators, Transcutaneous Spinal Cord Stimulators
Pre-Book The Spinal Cord Stimulation Devices Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Expected To Influence The Growth Of The Spinal Cord Stimulation Devices Market?
The primary firms in the spinal cord stimulation devices market are making strides in the development of high-end technologies, such as rechargeable spinal cord stimulation systems, to improve patient experiences, increase the lifespan of the device, and offer personalized pain management solutions for individuals dealing with chronic pain. Rechargeable spinal cord stimulation (SCS) systems are sophisticated medical apparatus that manage chronic pain by administering electrical pulses to the spinal cord. For example, in December 2022, Abbott Laboratories, a medical device manufacturer based in the US, received US Food and Drug Administration (FDA) approval for their Eterna spinal cord stimulation (SCS) system, a revolutionary chronic pain management solution. This progressive device combines a sleek design with advanced features, providing heightened comfort and lessened physical strain for patients. Its rechargeability assures sustained usability, reducing the necessity for surgical replacements and promoting convenience. The system comes with accurate stimulation functions, enabling customized pain relief suited to individual patient requirements. Its uncluttered design supports minimally invasive implantation, decreasing recovery duration and enhancing overall patient outcomes.
Who Are the Key Players in the Spinal Cord Stimulation Devices Market?
Major companies operating in the spinal cord stimulation devices market are include:
• Abbott Laboratories
• Medtronic plc
• Boston Scientific Corporation
• Nevro Corp.
• Bluewind Medical
• NeuroPace Inc.
• Vertos Medical Inc.
• SPR Therapeutics Inc.
• Saluda Medical Pty Ltd.
• Stimwave Technologies Inc.
• Nuvectra Inc.
• Soterix Medical Inc.
• Synapse Biomedical
• ONWARD Medical NV
• NeuroSigma Inc.
• Nalu Medical Inc.
• Neurostim Technologies
• SpineX Inc.
• Aleva Neurotherapeutics SA
• GTX Medical BV
What Is The Most Dominant Region In The Spinal Cord Stimulation Devices Market?
North America was the largest region in the spinal cord stimulation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spinal cord stimulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
