Sacral Nerve Stimulation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Sacral Nerve Stimulation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Medical Equipments

Report Description

Global Sacral Nerve Stimulation Market: Overview

Sacral nerve stimulation (SNS), also known as sacral neuromodulation, is a medical electric stimulation therapy. It involves subcutaneous implantation of programmable stimulator. Several studies have been performed using electric stimulation therapy to treat patients with urinary problems, fecal incontinence, among others. The U.S. Food and Drug Administration approved sacral nerve stimulation therapy for the treatment of fecal incontinence in March 2011. The exact mechanism of sacral nerve stimulation therapy involves contraction of pelvic muscle and sphincter, which causes bladder contraction that involuntarily releases urine. Contraindications of sacral nerve stimulation involves diathermy use and mechanical outlet obstruction. Safety and efficacy of sacral nerve stimulation have not been determined in cases such as bilateral stimulation, pregnant patents, fetus, delivery, etc. Different types of sacral nerve stimulation available include external devices and implantable sacral nerve stimulation devices.

Sacral nerve stimulation is performed in two phases: evaluation phase and implant phase. Rise in chronic urinary diseases, increase in investment in research related activities, and technological advancements in the pharmaceutical & medical devices industry are anticipated to drive the global sacral nerve stimulation market during the forecast period. However, cost of sacral nerve stimulation devices is likely to restrain the global sacral nerve stimulation market. In 2016, Axonics Modulation Technologies announced the first in class rechargeable sacral nerve stimulation devices to manage fecal incontinence. Medtronic offers Interstim system is used to manage bladder and bowel control. As per InterStim sales analysis, more than 225,000 patients worldwide received sacral nerve stimulation for bladder and bowel control.

Global Sacral Nerve Stimulation Market: Key Segments

The global sacral nerve stimulation market is segmented based on type of nerve stimulation device, application, end-user, and geography. In terms of type of nerve stimulation device, the market is divided in implantable SNS device and external SNS device. Based on application, the sacral nerve stimulation market is categorized into urine incontinence, fecal incontinence, and other applications. In terms of end-user, the sacral nerve stimulation market is categorized into hospitals, ambulatory surgery centers, and others. Medtronic offered Interstim system includes lead placed parallel to sacral nerve, implantable neurostimulator, and patient programmer. Patient programmer is primarily used to set parameters of electric pulses. Education and awareness programs to make deeper adoption of sacral nerve stimulation technology is an imperative factor which is expected to boost the sacral nerve stimulation market during the forecast period.

Based on geographic, the global sacral nerve stimulation market is segmented into five key regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to account for a major share of the global sacral nerve stimulation market due to developed health care infrastructure and rise in number of patients with bowel disorders. Europe accounts for the second largest share of the sacral nerve stimulation market. India, China, and Japan are the most developing countries in Asia Pacific. These countries are expected to fuel the global sacral nerve stimulation market.

Global Sacral Nerve Stimulation Market: Key Players

Major players operating in the global sacral nerve stimulation market include Medtronic Inc., Axonics Modulation Technologies, Inc., Cogentix Medical, and Nuvectra Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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