The spinal cord stimulator market is expected to reach $3.27 billion in value by 2027, according to a July 13 report from the Digital Journal.
The market was valued at $2.25 billion in 2021; it is expected to see an increase of 8.7 percent between 2022 and 2027.
Spinal cord stimulators are effective in eliminating pain in a noninvasive manner in the shoulders, knees and legs. This new technology is appealing to a growing population of older adults, causing an increase in demand for the product, the report said.