Press release
Sacral Neuromodulation Market Size To Reach USD 3,498.2 Million By 2028 Says Reports And Data
Sacral Neuromodulation Market
The current analysis of Reports and Data, the global Sacral neuromodulation market was valued at USD 2,432.9 Million in 2020 and is expected to reach USD 3,498.2 Million by year 2028, at a CAGR of 4.94 %. The study covers in-depth analysis of Sacral Neuromodulation and the treatments to cure it. Overactive bladder symptoms of urgency, frequency and incontinency is at present affecting a significant amount of population, especially when age increases.
Key players in the global market are Cyberonics, St Jude Medicals, Boston Scientific, Medtronic.
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For the purpose of this study, Reports and Data have segmented the Sacral neuromodulation market on the basis of product, application, and region:
Product (Revenue, USD Million; 2020–2028)
Implantable SNM devices
External SNM devices
Application (Revenue, USD Million; 2020–2028)
Urinary incontinence
Urge incontinence
Regional Outlook (Revenue in USD Million; 2020–2028)
North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil
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Further key findings from the report suggest
North America is the largest revenue generating region in the global Sacral neuromodulation market. It holds 35.5% of the total market share owing to the technological advancements and rising awareness about SNM. Followed by that, Europe accounts for 31.2% of the total market share.
Implantable SNM devices in comparison to external SNM devices is a more popular option on a global level. It holds 62.5% of the total market share whereas External SNM device holds 33.3% of the total market share.
Medtronic is the dominating player in manufacturing SNM instruments, devices in the global market. In 2015, Medtronic had net sales worth USD 3.8 billion in neuromodulation. Gastrointestinal and urological devices were the prime factors for the rapid growth of Medtronic.
Axonics Modulation Technologies acquired investments in SNM worth 38.5 million to extensively study about OAB implants in North America and Europe and is expected to surpass medical device giant Medtronic’s popular and successful Interstim system in the coming future. The Axonics SNM system is compatible, given few precautions, with 1.5 Tesla and 3 Tesla MRI scanners. It is the only SNM system clearing in Europe with such labelling. Axonics ‘s SNM device is rechargeable and also has a guaranteed lifetime up to 15 years (3 times longer than Medtronic’s Interstim). It is also 60% smaller than Interstim device.
In case of Europe, 16% men and 17.8% women above 40 years of age were estimated to have OAB symptoms in the coming years.
Associated side effects related to SNM treatments and lack of awareness about Sacral neuromodulation is likely to hinder the market growth during the forecast period.
Report Highlights:
The report provides a detailed analysis on current and future market trends to identify the investment opportunities
Market forecasts till 2028, using estimated market values as the base numbers
Key market trends across the business segments, regions and countries
Key developments and strategies observed in the market
Market Dynamics such as Drivers, Restraints, Opportunities and other trends
In-depth company profiles of key players and upcoming prominent players
Growth prospects among the emerging nations through 2028
Market opportunities and recommendations for new investments
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
3.1. Rising prevalence of Sacral Neuromodulation
3.2. Increasing incidences of Sacral Neuromodulation
3.3. Global burden of Sacral Neuromodulation
3.4. Worldwide cases of adverse Sacral Neuromodulation
Chapter 4. Sacral Neuromodulation Segmentation & Impact Analysis
4.1. Sacral Neuromodulation Segmentation Analysis
4.2. Sacral Neuromodulation Market Value Chain Analysis, 2020-2028
4.3. Regulatory framework
Continue…
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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