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. Major Key players profiled in this report 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
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Major 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
Descriptive Analysis of the Market
This Sacral Nerve Stimulation research report delivers the Descriptive Analysis of the market by introducing the definition, classification, segmentation, application, engagements and market trends. It also identifies and analyzes the emerging trends along with major drivers, challenges and opportunities in industry.
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.
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- 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
Segmentation: Global Sacral Nerve Stimulation (SNS) Market
By Product (Implantable SNS Devices, External SNS Devices),
By Type (Electrical Muscle Stimulation, Transcutaneous Electrical Nerve Stimulation),
By Application (Urinary & Fecal Incontinence, Urge Incontinence, Chronic Anal Fissure, Others),
By End-Users (Hospitals, Clinics, ASCs),
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
What are Key findings covered in the report?
- It provides detailed analysis of the market structure along with forecast of various segments and sub segments of the global market
- Insights about factors influencing and affect the market growth are also mentioned in this Sacral Nerve Stimulation research report
- Economic factors that influence the market, detailed analysis of the value chain and supply chain of global is included in the report
- Historical and forecast revenue of the market segments and sub segments with respect to countries.
- Give clear picture of the market and guides to overcome the upcoming challenges
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