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Key Prominent Players Covered in the Spinal Cord Stimulation Market Research Report Are Boston Scientific Corporation, Medtronic, Abbott, Nevro Corp, Nuvectra, Stimwave LLC and other key market players.Pune, India, Jan. 18, 2021 (GLOBE NEWSWIRE) -- The global spinal cord stimulation market is expected to reach USD 4.12 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. The increasing acceptance of minimally invasive therapies can have a tremendous impact on the global market, states Fortune Business Insights, in a report. The market size stood at USD 2.88 billion in 2019. Favorable Government Guidelines to Intensify Market The favorable policies pertaining to spinal cord stimulation therapy is expected to bolster the healthy growth of the market. Numerous government associations are introducing guidelines for the treatment of chronic pain and other disease indications, which, in turn, will aid the expansion of the market. Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/spinal-cord-stimulation-market-100313 For instance, in January 2019, National Institute for Health and Care Excellence published guidelines and recommendations for the Senza SCS system, which delivers HF10 therapy to treat patients having neuropathic pain. Moreover, the rising shift towards non-opioid alternative therapies coupled with high demand for spinal cord stimulation will uplift the market in the near future. For instance, in 2018, the FDA received over 200 submissions from companies seeking a speedy approval process for devices that can be used in place of opioids for pain management. We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain this global pandemic. Rescheduling of Effective Surgeries to Restrict Market Amid COVID-19 The postponement of selective and non-urgent surgeries by the government to administer COVID-19 patients has subsequently affected the growth of the market. According to COVIDSurg, around 28.4 million surgeries were canceled or postponed during the peak of 12 weeks of disruption due to COVID‐19. Many companies operating in the market reported a major drop in revenue during the pandemic. Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/spinal-cord-stimulation-market-100313 For instance, Abbott’s neuromodulation segment reported a 30.1% decline in the global revenues during the first quarter of 2020 when compared to the same period in 2019. Similarly, the neuromodulation segment of Boston Scientific Corporation witnessed a 24.6% decline in sales globally during the first six months of 2020 when compared to the same period in 2019. Prevalence of Disc Diseases to Augment Growth in Europe North America accounted for the maximum share of the market primary due to the rapid adoption of neuromodulation therapies. The market in Europe is expected to grow owing to the rising cases of degenerative disc diseases and chronic pain. The introduction of innovative systems by companies will enable speedy expansion of the market in the region. For instance, in January 2019, the launch of Spectra WaveWriter spinal cord stimulator system by Boston Scientific in Europe. Asia Pacific is likely to account for a considerable in the global market during the forecast period. The growth is attributed to the rapid adoption of neuromodulation therapies. The surging geriatric population is expected to bode well for the market in Asia Pacific. The growing demand for minimally invasive therapies will further incite the development of the market in the region. Quick Buy - Spinal Cord Stimulation Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100313 Key Development: September 2018: Nevro, a medical device company announced that it has received TGA approval for Senza II, the company’s second-generation spinal cord stimulation system. The Report Lists the Key Companies in the Global Spinal Cord Stimulation Market: Boston Scientific Corporation (Massachusetts, U.S.)Medtronic (Dublin, Ireland)Abbott (Illinois, U.S.)Nevro Corp (California, U.S.)Nuvectra (Texas, U.S.)Stimwave LLC (Florida, U.S.)Other prominent players Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/spinal-cord-stimulation-market-100313 Table of Contents: Introduction Research ScopeMarket SegmentationResearch MethodologyDefinitions and Assumptions Executive SummaryMarket Dynamics Market DriversMarket RestraintsMarket Opportunities Key Insights Prevalence of Key Indications – For Key Countries/ RegionsRegulatory Scenario – For Key Countries/ RegionsImpact of COVID-19 on Global Spinal Cord Stimulation MarketNew Product LaunchesKey Industry Developments - Mergers, Acquisitions and Partnerships Global Spinal Cord Stimulation Market Analysis, Insights and Forecast, 2016-2027 Key Findings / Summary Market Analysis, Insights and Forecast – By Product RechargeableNon-rechargeable Market Analysis, Insights and Forecast – By Disease Indication Failed Back Surgery Syndrome (FBSS)Degenerative Disc Disease (DDD)Complex Regional Pain Syndrome (CRPS)ArachnoiditisOthers Market Analysis, Insights and Forecast – By End User Hospitals Ambulatory Surgery CentersSpecialty Clinics Market Analysis, Insights and Forecast – By Region North AmericaEuropeAsia PacificRest of World TOC Continued….! Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/spinal-cord-stimulation-market-100313 SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION: Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companiesDetails in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facilityNumber of procedures and average price of proceduresReplacement rate and pricing of capital equipmentMarket dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunitiesMarket & technological trends, new product developments, product pipeline. 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