The global Spinal Cord Stimulator Market is expected to reach USD 16.31 Billion by 2028, according to a new report by Reports and Data. The growth of the market may be attributed to the increasing prevalence of target conditions, among other factors.
According to the World health Organization (WHO), each year, globally, around 250,000 and 500,000 individuals suffer a spinal cord injury. Preventable causes, including road traffic accidents, falls, or violence, are the major contributors to the spinal cord injury, and individual suffering from the condition are more likely to die prematurely as compared to healthy individuals, with low and middle-income economies having the worst survival rates. Spinal cord injury is linked with a peril of occurrence of secondary conditions, which can be incapacitating and sometimes cost a person’s life, such as urinary tract infections, deep vein thrombosis, muscle spasms, pressure ulcers, osteoporosis, chronic pain, and respiratory complications.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/2505
Further key findings from the report suggest
- By device type, fusion devices contribution to the largest market share in 2020. Spinal fusion procedure is usually done for the treatment of spinal disorders, such as degenerative, deformity, traumatic, and tumor, among others.
- By surgery type, open surgery dominated the market share in 2020 and is likely to grow at a rate of 2.2% in the forecast period. Open surgery gives the visual information essential to diagnose a condition accurately. Also, some kinds of surgeries need access to larger areas to insert materials like in the case of an aortic aneurysm repair when a stent cannot be placed.
- By end-users, hospitals held the largest market share in 2020 and is expected to grow at a rate of 3.2% in the forecast period. The factors including well-resourced operating diagnostic rooms, higher purchasing power, existence of highly skilled healthcare professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
- The market in the Asia Pacific region is likely to grow at the fastest rate of 4.7% in the period 2019-2028, due to the improving healthcare infrastructure, rising investments in diagnostic imaging, and better reimbursement scenario.
Competitive Outlook of the Global Spinal Devices Market
The globla Spinal Devices market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Spinal Devices market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
Medtronic, DePuy Synthes, Stryker, Zimmer Biomet, NuVasive Inc., Alphatec Spine Inc., Globus Medical, RTI Surgical Holdings Inc., Captiva Spine LLC, and Paragon Medical, among others.
Inquiry Before Buying @ https://www.reportsanddata.com/inquiry-before-buying/2505
The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Spinal Devices Market Segmentation:
Device Type Outlook (Revenue, USD Million; 2016-2028)
- Fusion Devices
- Non-Fusion Devices
- Spinal Electrical Simulation Devices
Disease Type Outlook (Revenue, USD Million; 2016-2028)
- Degenerative Disc Disease
- Traumas Fractures
- Complex Deformity
- Others
Surgery Type Outlook (Revenue, USD Million; 2016-2028)
- Open Surgery
- Minimally Invasive Surgery
End-Users Outlook (Revenue, USD Million; 2016-2028)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Geographic Segment Covered in the Report:
The Spinal Devices report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/2505
Thank you for reading our report. Customization of this report is available as per the client’s requirements. Please connect with us to know more about the report and our team will ensure you get the report tailored according to your needs.
Get Explore Latest Research Report by Reports and Data:
Respiratory Disposables Market @ https://www.reportsanddata.com/report-detail/respiratory-disposables-market
Trauma Devices Market @ https://www.reportsanddata.com/report-detail/trauma-devices-market
Xerosis Treatment Market @ https://www.reportsanddata.com/report-detail/xerosis-treatment-market
Spina Bifida Market @ https://www.reportsanddata.com/report-detail/spina-bifida-market
Roadside Drug Testing Devices Market @ https://www.reportsanddata.com/report-detail/roadside-drug-testing-devices-market
Pulmonary Arterial Hypertension Market @ https://www.reportsanddata.com/report-detail/pulmonary-arterial-hypertension-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
