The global spinal cord stimulation market is anticipated to grow between 2016 and 2020, based on a Medical Market Research report, according to WhaTech.
Here are four observations:
1. A growing geriatric population, rising demand for minimally invasive surgery and increasing advancements of technologies will spur the SCS market growth.
2. Market barriers include the costliness of therapy as well as stringent regulatory approvals.
3. The market sees concentrated competition, with a few companies capturing large market shares.
4. Key market players include:
• Medtronic in Dublin, Ireland
• Nevro Corp. in Redwood City, Calif.
• Boston Scientific Corp. in Rolling Meadows, Ill.
• St. Jude Medical in Saint Paul, Minn.