Spinal Cord Stimulation Devices Market by Product (Rechargeable devices, Non-rechargeable devices), by Indication (Failed back surgery syndrome, Complex regional pain syndrome, Degenerative disc disease, Others), by End User (Hospitals, Ambulatory surgical centers, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

This section provides various opinions in the global spinal cord stimulation devices market. The spinal cord stimulation devices market is expected to exhibit high growth potential owing to increase in demand for advanced spinal cord stimulation device and rise in investments for research and development activities related to chronic pain management globally are expected to offer profitable opportunities for the expansion of the market. In addition, favorable government initiatives and reimbursement schemes for chronic pain management have piqued the interest of several companies to develop advanced spinal cord stimulation devices. 

Further added that rise in expenditure on the development of healthcare infrastructure and surge in geriatric population are expected to boost the growth of spinal cord stimulation devices market. In addition, increase in burden of chronic pain conditions across the globe has resulted in rise in demand for spinal cord stimulation devices, thus driving the growth of market.

North America accounted for the largest share in terms of revenue in 2022 owing to high prevalence of chronic pain conditions, availability of reimbursement policies, and presence of major players offering spinal cord stimulation devices. However, Asia-Pacific is anticipated to witness notable growth, owing to rise in number of chronic pain conditions, increase in awareness regarding available spinal cord stimulation treatment devices, and surge in investments for development of effective spinal cord stimulation devices for chronic pain.