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Covid-19 impact on - Sacral Nerve Stimulation (SNS) Market 2020 Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook to 2026 Research Report | DBMR Updates
Sacral Nerve Stimulation (SNS) Market
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Global sacral nerve stimulation (SNS) market is expected to rise to an estimated value of USD 2385.86 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the widespread prevalence of urge incontinence in patients globally, along with the increasing volume of patients suffering from overactive bladder.
Few of the major competitors currently working in the global sacral nerve stimulation (SNS) market are Medtronic; LABORIE; Stimwave LLC; SunMed; Vygon SA; Medline Industries, Inc.; NeuroMetrix, Inc.; SPR Therapeutics; NeuroSigma, Inc.; Abbott; LivaNova PLC; Nuvectra, Axonics Modulation Technologies Inc among others.
Market Analysis:
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Market Definition: Global Sacral Nerve Stimulation (SNS) Market
Sacral nerve stimulation, also known as sacral neuromodulation is a type of electrical nerve stimulation therapy involving implantation of certain stimulators on patients or implanted inside the patient's body for the treatment of urinary incontinence, fecal incontinence, urge incontinence, chronic anal fissure and others. It provides an effective alternative treatment for the chronic anal fissures in patients who are quite reluctant for invasive surgical interventions.
Segmentation: Global Sacral Nerve Stimulation (SNS) Market
Sacral Nerve Stimulation (SNS) Market : By Product
Implantable SNS Devices
External SNS Devices
Sacral Nerve Stimulation (SNS) Market : By Type
Electrical Muscle Stimulation
Transcutaneous Electrical Nerve Stimulation
Sacral Nerve Stimulation (SNS) Market : By Application
Urinary & Fecal Incontinence
Urge Incontinence
Chronic Anal Fissure
Others
Sacral Nerve Stimulation (SNS) Market : By End-Users
Hospitals
Clinics
Ambulatory Surgical Centers (ASCs)
Sacral Nerve Stimulation (SNS) Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Sacral Nerve Stimulation (SNS) Market Drivers
Rising incidences of patients suffering from the applicable disorders/conditions of sacral nerve stimulation acts a driver for this market
Growing levels of favorable reimbursement scenarios for sacral nerve stimulation is expected to fuel the market growth
Increasing population relating to geriatric group is also expected to drive the growth of the market
Growing levels of R&D investments undertaken by various manufacturers and authorities for sacral nerve stimulation is expected to boost the growth of the market
Sacral Nerve Stimulation (SNS) Market Restraints
Concerns regarding the negative impacts and side-effects associated with the device is expected to restrict the growth of the market
High costs associated with the device is also expected to hinder the market growth
Lack of technical knowledge and expertise amongst individuals along with the complications associated with the device can also act as a market restraint
Key Developments in the Sacral Nerve Stimulation (SNS) Market:
In January 2019, Nuvectra Corporation announced that the US FDA had extended their conventional 180-day review period for the pre-market approval of Nuvectra's "Virtis Sacral Neuromodulation (SNM)" system. Although, no additional requirement of information has been suggested by the US FDA, neither have they suggested any deficiencies in the system. Nuvectra is hoping to clarify any additional requests of the US FDA for the timely conclusion of their pre-market approval review
In March 2018, LABORIE announced that they had acquired Cogentix Medical, Inc. for USD 214 million, with the company focusing on specialized innovative therapies for urology field of medical sciences. This acquisition will help in the expansion of current products and technological availability with LABORIE for urology field, especially for overactive bladder and stress urinary incontinence therapies. This acquisition will help the company in providing customers with clinically-effective therapeutic solutions
This all-inclusive Sacral Nerve Stimulation (SNS) Market report sheds light on each region, market size in terms of USD Mn for every individual segment and their sub-segment for the period from 2020 to 2026, considering the macro and micro situation factors. The document gives a brief introduction to the research report outlook, TOC, list of tables and figures & an outlook to key players of the market comprising key regions. An extensive summary of the Sacral Nerve Stimulation (SNS) Market has prominent market that includes several major market leaders in the report. The report necessitates an in-depth analysis pertaining to the product manufactured by the vendors combining with the product application range.
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