Press release
Global Sacral Nerve Stimulation Market Size To Grow At A CAGR Of 12.50% In The Forecast Period Of 2023-2031
Sacral Nerve Stimulation Market
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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Sacral Nerve Stimulation Market Size, Share, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2016-2031)
Forecast CAGR (2023-2031): 12.50%
The global sacral nerve stimulation market is growing rapidly due to the rising prevalence of urge incontinence conditions such as overactive bladder, urinary tract infection, and faecal incontinence. Sacral nerve stimulation is used as a secure and efficient therapy for patients suffering from urinary or faecal dysfunction. They also help in the treatment of other issues including chronic anal fissure and chronic diseases which result in urge continence, which is supporting the market to grow rapidly all across the globe.
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Rising availability of the medical reimbursements all across the globe is fuelling the growth of the market for sacral nerve stimulation. Hospitals and clinics are implanting SNS devices due to increasing number of incidents in pelvic pain, urinary incontinence, faecal incontinence, and increasing number of patients suffering from urinary tract infections. External SNS devices are in greater demand due to rising incidences of faecal incontinence and OAB.
Faecal and urinary incontinence is commonly observed in geriatric populations which is growing rapidly, thereby influencing the growth of the sacral nerve stimulation market positively. Declining nervous system and elementary tract performance such as rectal function, colonic, mental function, sphincter, stool volume and consistency increase faecal incontinence in people of older age, driving the demand for sacral nerve stimulation.
Sacral Nerve Stimulation Industry Definition and Major Segments
Sacral nerve stimulation is a method of stimulating the sacral nerve with an electric current in order to improve the functioning of the bladder, the bowel, and modulate pain of the pelvis. The sacral nerve connects to the bladder, pelvic floor muscles, anal sphincter, urinary sphincter, and rectosigmoid colon. Sacral nerve stimulation is a reversible treatment commonly used for incontinence when other treatments such as dietary changes, behavioural therapy, and medications, among others, have shown limited results.
Based on product, the market is segmented into:
Implantable SNS Devices
External SNS Devices
On the basis of type, the market is bifurcated into:
Electrical Muscle Stimulation
Transcutaneous Electrical Nerve Stimulation
Based on application, the market is divided into:
Urinary and Faecal Incontinence
Urge Incontinence
Chronic Anal Fissure
Others
On the basis of region, the market is classified into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Sacral Nerve Stimulation Market Trends
The key trends in the global sacral nerve stimulation market include the rising incidences of urinary incontinence in older women influenced by age, diabetes, smoking, obesity, and hypertension. Moreover, the potential of sacral nerve stimulation to control associated infections is expected to provide opportunity for the market to grow. Advancements in the healthcare sector such as technological improvements in implantable SNS devices are also expected to fuel the growth of the market.
Increasing investments in research and development activities for sacral nerve stimulation by key players is propelling the growth of the sacral nerve stimulation market. Developments such as sacral neuromodulation are considered safe and minimally invasive advanced therapy options. Anoplasty and sacral nerve stimulation are considered an effective combination for the treatment of radiation induced anal stenosis.
North America accounted for a large share in the sacral nerve stimulation market owing to the increasing awareness regarding the treatment, rising cases of urge incontinences and OAB in the region, technological advancements, and improving healthcare facilities. Meanwhile, the Asia Pacific is expected to have a growing share in the forecast period due to rising cases of faecal and urinary incontinence and improvements in healthcare infrastructure in countries in the region.
Key Market Players
The major players in the global sacral nerve stimulation market report are:
Medtronic Plc
Abbott Laboratories
Axonics, Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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