Increasing elderly population, rise in the neurological diseases as well as failure of conventional treatments (exercise, changes in lifestyle, diet) to cure SNM expiries are key factors contributing to high CAGR of Sacral Neuromodulation during forecast period. Market Size – USD […]
Increasing elderly population, rise in the neurological diseases as well as failure of conventional treatments (exercise, changes in lifestyle, diet) to cure SNM expiries are key factors contributing to high CAGR of Sacral Neuromodulation during forecast period.
Market Size – USD 2189.1 million in 2018, Market Growth – CAGR of 4.94%, Market Trends – Product launches and research for Sacral neuromodulation
According to the current analysis of Reports and Data, the global Sacral neuromodulation market was valued at USD 2189.1 million in 2018 and is expected to reach USD 3153.4 million by year 2026, 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. Sacral Neuromodulation (also known as sacral nerve stimulation) has been one of the popular and effective treatment options to cure overactive bladder and bowel problems for more than last 2 decades. The main purpose of the Sacral Neuro modulation is to improve the coordination between bladder/bowel and our brain. One of the proven treatments include sacral neuromodulation via the interstim system. The procedure is divided into two main stages which include basic evaluation and advanced evaluation. In both the evaluations a portable, external stimulator which generates stimulations is delivered through a lead.
Number of companies are engaged in launching new devices for SNM with minimal pain and side effects. For instance, launch of smaller implantable neurostimulator Interstim II manufactured by Medtronic has helped to improve patient ‘s comfort and has also made the procedure of the physicians easier and shorter. The patient has to wear the stimulator throughout the two evaluations. The basic evaluation includes simple, in-office procedure whereas the advanced evaluation is performed in hospitals, clinics, surgical centers. The global market is propelled by number of factors such as increasing geriatric, rise in the neurological diseases and failure of conventional treatments (exercise, changes in lifestyle, diet) to cure SNM. However adverse effects and complications in some of the SNM treatments are the major hindrances for market growth in 2019-2026.
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The companies operating in the market and profiled in the report include
Cyberonics, St Jude Medicals, Boston Scientific, Medtronic.
The report offers complete portfolios of the key companies operating in the market including production capacity, revenue share and size, gross margin, sales revenue and margin, business expansion plans, technological advancements, product portfolio, global market position, and financial standing. The report also discusses in detail the recent mergers and acquisitions, joint ventures, product launches and brand promotions, partnerships, collaborations, agreements, and corporate and government deals.
The report further discusses in detail the market segmentation
Product (Revenue, USD Million; 2017–2027)
- Implantable SNM devices
- External SNM devices
Application (Revenue, USD Million; 2017–2027)
- Urinary incontinence
- Urge incontinence
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The report focuses on evaluation of the Sacral Neuromodulation market in major regions and the countries included in those regions. The report evaluates the key aspects of the global market such as production and consumption patterns, supply and demand ratio, import and export, economic growth, technological developments, and robust presence of key players in the region. The report also offers a country wise analysis to offer better information about the Sacral Neuromodulation market scope in key regions and crucial factors influencing market growth in major countries. Regional analysis covers the following:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key Advantages of the Sacral Neuromodulation Market Report:
- Detailed analysis of changing dynamics of the global Sacral Neuromodulation market
- Valuable insights on key market growth driving trends and monetary competence over the forecast period
- SWOT analysis and Porter’s Five Forces analysis for each key market player to offer competitive advantage to readers and investors
- Comprehensive assessment of competitive landscape and regional analysis
- Assessment of key factors driving and restraining market growth
- Analysis of threats, limitations, growth prospects, opportunities, and barriers in the market
- Strategic recommendations to key market players and new entrants to assist them in gaining a robust footing in the market
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