Market Overview:
The global spinal electrical stimulation devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of spine disorders, rising geriatric population, and technological advancements in spinal electrical stimulation devices. The global spinal electrical stimulation devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into internal bone stimulators and external bone stimulators. Internal bone stimulators are further sub-segmented into percutaneous implants and non-percutaneous implants. External bone stimulators are further sub-segmented into transcutaneous electrodes and percutaneous electrodes. On the basis of application, the market is segmented into hospital care, clinic care, ambulatory surgery centers (ASCs), and others (home care settings). The hospital care segment dominates this market owing to increased use of spinal electrical stimulation devices for pain management in hospitals across all regions studied in this research study.
Product Definition:
Spinal electrical stimulation devices use electric current to stimulate the spinal cord. This can help improve function and movement in people with conditions such as multiple sclerosis, cerebral palsy, and spinal cord injury.
Internal Bone Stimulators:
Internal bone stimulators are devices that use electrical stimulation to treat bone disorders. They are used for the treatment of osteoarthritis, ankylosing spondylitis and rheumatoid arthritis. Osteoarthritis is a degenerative disorder of the joint which causes pain, stiffness and loss of mobility in joints; it is one of the most common diseases after cardiovascular diseases globally.
External Bone Stimulators:
External bone stimulators are devices that are used to stimulate the bones and joints for therapeutic purposes. These external devices deliver electrical signals to the targeted area which in turn causes a muscle vibration or nerve stimulation which helps in pain relief, improved blood circulation, and increased range of motion.
Application Insights:
The spinal electrical stimulation devices market is categorized based on application into hospital, clinic, ASCs and others. The hospital segment dominated the overall market in terms of revenue in 2017 owing to a high prevalence of neurological disorders requiring spinal surgery. According to the Centers for Disease Control and Prevention (CDC), around 300,000 people are diagnosed with disc injuries every year. Thus, a significant number of patients are undergoing surgical procedures for treatment purposes which contributes towards higher demand for such devices in hospitals across the globe.
The ASCs segment is expected to grow at fastest rate during forecast period owing to rising incidence of low back pain among athletes as well as non-athletes suffering from sports related injuries or chronic lower back pain due largely disc degenerative conditions that require urgent medical attention & treatment by an orthopedic surgeon or neurosurgeon who performs these surgeries daily basis thus contributing towards growth rate significantly over forecast period 2018 ¢â‚¬â€œ 2030.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the number of patients suffering from chronic pain and other spinal cord injuries. Moreover, increasing R&D investments by major players for development of technologically advanced products is also expected to drive growth over the forecast period. Europe accounted for a significant share due to growing target population base and rising awareness about benefits offered by these devices.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure, economic development, and high unmet medical needs particularly in China & India are some factors driving regional growth. Increasing cases of spinal cord injuries due to road accidents will also have a positive impact on industry expansion during the estimated time frame 8) Additionally, supportive government initiatives such as “Hospital Efficient Management Programme†(HEM), which was launched by The Government of India is expected provide new opportunities for industry players operating within this region 9).
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the global spinal electrical stimulation devices market. According to a study by the World Health Organization (WHO), an estimated 1.3 million people worldwide suffer from a spinal cord injury, with approximately 200,000 new cases reported each year. This number is expected to rise in the coming years due to factors such as increasing awareness about spine health and rising geriatric population.
- Growing demand for minimally invasive surgeries: The growing demand for minimally invasive surgeries is another major growth driver for the global spinal electrical stimulation devices market. Minimally invasive surgeries are less traumatic and result in shorter hospital stays and faster recoveries than traditional open surgery procedures. This has led to an increase in their adoption over the past few years, especially among patients who are at high risk for complications arising from traditional surgery procedures.
- Rising prevalence of chronic pain conditions: The rising prevalence of chronic pain conditions is another key factor driving growth in the global spinal electrical stimulation devices market . Chronic pain can be caused by various factors such as age-related degeneration, arthritis, cancer, nerve damage, and infection . It affects millions of people worldwide and results in significant disability and reduced quality of life . There is a growing need among patients suffering from chronic pain conditions for effective treatment options that can help them manage their symptoms effectively .
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Electrical Stimulation Devices Market Research Report
By Type
Internal Bone Stimulators, External Bone Stimulators
By Application
Hospital, Clinic, ASCs, Others
By Companies
Medtronic, DePuy Synthes, Stryker, Zimmer Biomet, Globus Medical, NuVasive, Orthofix, K2M, Alphatec Spine, Aesculap, DJO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Electrical Stimulation Devices Market Report Segments:
The global Spinal Electrical Stimulation Devices market is segmented on the basis of:
Types
Internal Bone Stimulators, External Bone Stimulators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, ASCs, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- DePuy Synthes
- Stryker
- Zimmer Biomet
- Globus Medical
- NuVasive
- Orthofix
- K2M
- Alphatec Spine
- Aesculap
- DJO
Highlights of The Spinal Electrical Stimulation Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Internal Bone Stimulators
- External Bone Stimulators
- By Application:
- Hospital
- Clinic
- ASCs
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spinal Electrical Stimulation Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spinal electrical stimulation devices are medical devices that use electrical current to treat conditions such as chronic pain, spinal cord injury, and other neurological disorders.
Some of the major companies in the spinal electrical stimulation devices market are Medtronic, DePuy Synthes, Stryker, Zimmer Biomet, Globus Medical, NuVasive, Orthofix, K2M, Alphatec Spine, Aesculap, DJO.
The spinal electrical stimulation devices market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spinal Electrical Stimulation Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spinal Electrical Stimulation Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spinal Electrical Stimulation Devices Market - Supply Chain
4.5. Global Spinal Electrical Stimulation Devices Market Forecast
4.5.1. Spinal Electrical Stimulation Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spinal Electrical Stimulation Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spinal Electrical Stimulation Devices Market Absolute $ Opportunity
5. Global Spinal Electrical Stimulation Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Type
5.3.1. Internal Bone Stimulators
5.3.2. External Bone Stimulators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spinal Electrical Stimulation Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. ASCs
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spinal Electrical Stimulation Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spinal Electrical Stimulation Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spinal Electrical Stimulation Devices Demand Share Forecast, 2019-2026
9. North America Spinal Electrical Stimulation Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. ASCs
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Type
9.7.1. Internal Bone Stimulators
9.7.2. External Bone Stimulators
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spinal Electrical Stimulation Devices Demand Share Forecast, 2019-2026
10. Latin America Spinal Electrical Stimulation Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. ASCs
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Type
10.7.1. Internal Bone Stimulators
10.7.2. External Bone Stimulators
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spinal Electrical Stimulation Devices Demand Share Forecast, 2019-2026
11. Europe Spinal Electrical Stimulation Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. ASCs
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Type
11.7.1. Internal Bone Stimulators
11.7.2. External Bone Stimulators
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spinal Electrical Stimulation Devices Demand Share, 2019-2026
12. Asia Pacific Spinal Electrical Stimulation Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. ASCs
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Type
12.7.1. Internal Bone Stimulators
12.7.2. External Bone Stimulators
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spinal Electrical Stimulation Devices Demand Share, 2019-2026
13. Middle East & Africa Spinal Electrical Stimulation Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. ASCs
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spinal Electrical Stimulation Devices Market Size and Volume Forecast by Type
13.7.1. Internal Bone Stimulators
13.7.2. External Bone Stimulators
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spinal Electrical Stimulation Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spinal Electrical Stimulation Devices Market: Market Share Analysis
14.2. Spinal Electrical Stimulation Devices Distributors and Customers
14.3. Spinal Electrical Stimulation Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DePuy Synthes
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Stryker
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zimmer Biomet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Globus Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NuVasive
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Orthofix
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. K2M
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Alphatec Spine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Aesculap
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DJO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
