Spinal cord stimulation is also known as neurostimulation that directs delicate electrical pulses that interfere with the pain messages reaching the brain. These pulses are generated by a small low device established near to the spine. Neural structure stimulator has been used for several years and has been used for an increasing range of conditions. It’s a small low device established within the body to transmit an electrical current to the neural structure. Once it activates, the stimulation feels as a mild tickly in the area of pain.
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The Europe spinal cord Stimulation Market was valued at USD 245.0 Billion in 2016 and is estimated to achieve USD 403.0 million by the end of 2022 with a growing potential of 9.16%. Europe has accounted the Second largest share in the market because of the increasing awareness and increasing aging population.
Due to increasing range application in various pain management conditions, the demand for the SCS has been growing for years. The factors that are driving the expansion of Europe spinal cord stimulation market are the rising adult population, rising demand for minimally invasive surgeries, innovation of latest technologies & therapies, increasing cases of being overweight and increasing aging demographics.
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As several countries in Europe move towards the responsible care model, the cost-effectiveness of spinal cord stimulators is expected to play a major role throughout the forecast period. The cost-effectiveness of spinal cord stimulators, notably compared to standard medical management has led to the ascent of the spinal cord stimulators market. Spinal cord stimulation has been proven to be effective after a time period of 3 years and this leads to a noticeably better lifestyle.
Based on geography, Europe market is examined as various regions namely the U.K., Germany, France, Spain and Italy. Key issue driving the expansion of the European market is the favorable reimbursement policies and schemes by the local governments.
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The major market contributors for Spinal Cord Stimulation Market include Boston, Medtronic, Nevro, St. Jude Medical, Greatbatch and Stimwave.
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