Sacral Nerve Stimulation Market By Product (External SNS Devices, Implantable SNS Devices), By Application (Urine Incontinence, Fecal Incontinence) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

This report on global sacral nerve stimulation studies the market in terms of various products and applications. Increasing number of geriatric population suffering with incontinence complications, unhealthy lifestyle with craving for junk food and the rising number of patients with urinary tract infection resulting in overactive bladder symptoms help in the market penetration of sacral nerve stimulation devices. The limiting factors related to this market are pain at the site of implant, mild electrical shocks, discomfort during micturition and dislocation of the leads.

For the purpose of this study, the various products studied includes external sacral nerve stimulation devices and implantable sacral nerve stimulation devices. Applications studied for the purpose of this research includes urine incontinence, fecal incontinence and others. Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective CAGRs for the period 2017 to 2025, considering 2016 as the base year.

Geographic segmentation of the global sacral nerve stimulation market is performed for the regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The regions are also further sub-segmented on the basis of major countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of LATAM
  • Middle East and Africa
    • GCC
    • Rest of Middle East and Africa

Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective CAGRs for the period 2017 to 2025, considering 2016 as the base year. Further cross-sectional information in terms of product and application types is also provided in the study for individual country and regional markets.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global sacral nerve stimulation market. Market attractiveness assessment, Porter’s five forces model and competitive landscape analysis by key players are also presented in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the global sacral nerve stimulation market. The major players in global sacral nerve stimulation market are Axonics SNM System, Boston Scientific Corporation, Biomedical Life Systems, Inc., Cogentix Medical, Medtronics Plc., Kegel8 (Savantini Ltd.), Neen Pericalm (Patterson Medical), Nuvectra, St. Jude Medical, LLC. and Verity Medical Ltd. (NeuroTrac).

Sacral Nerve Stimulation Market

Based on application, the global sacral nerve stimulation market is categorized into

  • Urine Incontinence
  • Fecal Incontinence
  • Others

Sacral Nerve Stimulation Market

Sacral nerve stimulation therapy addresses communication problem between the brain and the bladder/bowel, which cause symptomatic issues. Sacral nerve stimulation is used as a therapy when the physician is content that the conservative options such as medicines, change in lifestyle and diet is not effective. The benefits of SNS therapy are that it helps to correct unwanted messages sent along the sacral nerve pathway. Urine incontinence provides a lucrative market and currently holds the largest market share due to factors such as increasing number of geriatric population suffering with urine incontinence, rising number of prostate gland complications in men such as prostate cancer and enlarged prostate. Additionally menopause in women lowers estrogen production which has been linked to aggravation of incontinence. Fecal incontinence is anticipated to be the fastest growing market majorly due to factors such as rising prevalence of fecal incontinence, craving for junk food causing alteration in bowel peristaltic activity leading to leakage of feaces and increasing number of post gastrointestinal surgery patients with altered parasympathetic stimulation in the bowel smooth muscles.

For the purpose of this study, the global sacral nerve stimulation market is categorized into the following regional and country specific markets:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Rest of Middle East and Africa

North America was observed to be the largest sacral nerve stimulation market in the base year 2016. The dominance of North America is mainly attributed to the presence of key drivers such as rising prevalence of urinary and fecal incontinence, unhealthy lifestyle with craving for junk food, sedentary lifestyle, lack of exercise and domicile of world leaders involved in the manufacture of SNS devices. The market growth in Europe is mainly attributed to increase in geriatric population suffering with incontinence issues and rampant growth in the medical devices research and development focusing primarily on the technological advancement of the SNS devices. Asia Pacific is observed to be the fastest growing regional segment throughout the forecast period 2017-2025. Factors that are anticipated to propel the market growth in Asia Pacific are rising prevalence of urge incontinence and overactive bladder complications, increasing disposable income and supportive regulatory environment for sacral nerve stimulation products. Moreover, factors such as developing health infrastructure, business expansion by pharmaceutical giants in the untapped markets with unmet medical needs are going to fuel the rapid growth of sacral nerve stimulation market in Latin America, and Middle East and Africa in the near future.

Sacral Nerve Stimulation Market

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Published Date:  Oct 2017
Category:  Medical Devices
Report ID:   58771
Report Format:   PDF
Pages:   120
Rating:    4.3 (40)
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