Spinal Cord Stimulators Market will expand at a healthy CAGR 
of 6.4% during the forecast period (2017-2027) 
by ankush321 · January 11 
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Introduction of affordable devices would pave huge opportunities for the 
global聽spinal cord stimulators market聽across developing economies. Customized 
spinal cord stimulators as per the requirements of an individual is expected to 
offer higher growth potential for leading market players. Specialists in 
healthcare settings are more likely to prescribe devices that are smaller in 
size, owing to their easy implantation and less painful surgical procedure.
In terms of value, an impressive 6.4% CAGR is estimated for the global spinal 
cord stimulators market by a report of Future Market Insights (FMI). In 2017, 
the market will account for nearly US$ 2,000 Mn in revenues; by 2027 this number 
is estimated to reach US$ 3,568.2 Mn. Growth of the market is primarily 
attributed to under penetration of potential market.
Spinal Cord Stimulators鈥?Ability of Reducing Opioid Analgesics Addiction to 
Drive the Market Growth
Majority of patients with chronic pain are increasingly depending upon opioid 
analgesics; however spinal cord stimulators is capable of reducing this 
addiction to a great extent. Entry of additional competitors in the market is 
expected to increase awareness about effectiveness of spinal cord stimulators. 
Spinal cord stimulators are comparatively more cost-effective than conventional 
medical management (CMM). Leading companies in the market are taking initiatives 
in improving technology for spinal cord stimulators. The aforementioned factors 
are estimated to drive growth of the global spinal cord stimulators market.
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However 
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evidence-based data in order to confirm effectiveness of these devices for 
management of chronic pain. Clinical validation of spinal cord stimulation is 
based on observational data, instead of verified data. This had led several 
private insurance companies to refuse reimbursement of costs, which in turn is 
impeding the market growth. In addition, complications associated with spinal 
cord stimulators, such as paresthesia- characterised by burning sensation, is 
further expected to restrain growth of the global spinal cord stimulators 
market.
Rechargeable Spinal Cord Stimulators will Remain Sought-After Product in the 
Market
In terms of value 
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expected to remain sought-after product in the market. Revenues amassed from 
sales of rechargeable spinal cord stimulators are expected to reach US$ 2,530.4 
Mn by 2027-end. In addition, sales of non-rechargeable spinal cord stimulators 
are anticipated to expand at 4.6% CAGR through 2027. Factors such as low battery 
life, and requirement of surgery for replacement of battery are restricting 
adoption of non-rechargeable spinal cord stimulators across the globe.
Application of spinal cord stimulators will remain highest in failed back 
surgery syndrome (FBSS), with sales estimated to surpass US$ 1,000 Mn in 2017. 
In addition 
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is projected to be the second-fastest growing application of spinal cord 
stimulators in the market. In terms of value, sales of spinal cord stimulators 
in CRPS are estimated to register 5.8% CAGR through 2027.
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Adoption of Spinal Cord Stimulators to Witness Fastest Growth in Ambulatory 
Surgical Centres
Although hospitals will continue to be largest end-users of spinal cord 
stimulators, adoption will witness fastest growth in ambulatory surgical 
centres. Sales of spinal cord stimulators in hospitals are estimated to account 
for revenues worth US$ 627.9 Mn in 2017. Demand for spinal cord stimulators in 
ambulatory surgical centres is projected to exhibit 6.8% CAGR through 2027. In 
contrast, demand for spinal cord stimulators in clinics will remain sluggish in 
the market.
North America will continue to remain dominant in the global spinal cord 
stimulators market, with sales estimated to reach nearly US$ 3,000 Mn in 
revenues by 2027-end. Western Europe will remain the second-largest market for 
spinal cord stimulators 
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markets in Eastern Europe and Japan are estimated to exhibit parallel expansion 
at 6% CAGR through 2027.
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Key market players identified in FMI report include Boston Scientific 
Corp., Medtronic Private Limited Company, St Jude Medical LLC, Nevro Corp, 
Nuvectra Corporation 
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Project Manager Salary - Is Your Salary Appropriate? Business 
Articles | November 1, 2010 
The PMI?s market research team has conducted a survey at the end of last year 
and the results were published during the first quarter of this year. This 
article highlights a few key findings from survey results.
The PMI?s market research team has conducted a survey at the end of last year 
and the results were published during the first quarter of this year. Nearly 
35,000 project management practitioners from countries including Australia, 
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The salaries of project managers varies based on number of years of 
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Manager. 
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