Hence, in order to re-allocate the healthcare resources for the management of COVID-19 patients, the government decided to postpone all the elective and non-urgent surgeries. From ICUs to the general ward, the hospitals are flooded with patients increasing the burden on healthcare providers and resources. ![]() The COVID-19 pandemic has disrupted the healthcare environment. Postponement of Non-compulsory Surgeries to Negatively Impact Market During COVID-19 Growing attention towards spinal cord stimulators, as they reduce the intake of opioids and other pain-relieving drugs is boosting the market during the forecast period. are estimated to suffer from chronic pain that provides a massive opportunity for the SCS market. According to the Centers for Disease Control and Prevention, around 50 million adults in the U.S. SCS is receiving increased worldwide attention, which can be attributable to the technological advancement, emerging government guidelines for SCS procedures, and rapid adoption of minimally invasive therapies.Īpart from this, the increasing number of SCS implantations is propelling the market. One of the neuromodulation techniques is spinal cord stimulation, which consists of delivering electrical stimuli to the spinal cord resulting in masking of pain. Neuromodulation is an emerging therapy involving targeted delivery of electromagnetic or chemical stimulation to a specific neurological area in the body. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over. The market is projected to grow from USD 2.41 billion in 2020 to USD 4.12 billion in 2027 at a CAGR of 8.0% in the 2020-2027 period. ![]() Based on our analysis, the global SCS market will exhibit a huge decline of -16.3% in 2020. The global impact of COVID-19 has been unprecedented and staggering, with spinal cord stimulation witnessing a negative demand shock across all regions amid the pandemic. The global spinal cord stimulation market size was USD 2.88 billion in 2019.
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