The sacral nerve stimulation devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sacral Nerve Stimulation Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sacral nerve stimulation devices market size has grown rapidly in recent years. It will grow from $1.19 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the increasing prevalence of urinary and fecal incontinence, advancements in neuromodulation technology, rising awareness of non-surgical treatment options, favorable reimbursement policies, growing geriatric population, higher incidences of neurological disorders, and increased healthcare spending.
The sacral nerve stimulation devices market size is expected to see rapid growth in the next few years. It will grow to $2.08 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to improvements in reimbursement policies, greater acceptance of neuromodulation therapies, increasing preference for non-invasive or minimally invasive treatments, the exploration of sacral nerve stimulation devices, increasing preference among patients and healthcare providers, favorable regulatory environments, rising healthcare expenditure globally. Major trends in the forecast period include advances in miniaturization and implantable technologies, exploration of sacral nerve stimulation devices, development of external sacral nerve stimulation devices, patient education, and awareness, regulatory advances, market access, spinal cord stimulation, or peripheral nerve stimulation.
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Scope Of Sacral Nerve Stimulation Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sacral Nerve Stimulation Devices Market Overview
Market Drivers –
The increasing prevalence of urological disorders is expected to propel the growth of the sacral nerve stimulation devices market going forward. Urologic disorders encompass a range of conditions affecting the urinary tract, kidneys, bladder, and prostate, varying in duration from acute to chronic. Urological disorders can arise from various causes, affecting the urinary tract and the reproductive organs. Additionally, lifestyle factors such as poor diet, dehydration, and lack of exercise, can contribute to the development of kidney stones, a painful condition affecting the urinary tract. Sacral nerve stimulation devices provide a minimally invasive treatment option that can effectively manage urological disorders such as urinary and fecal incontinence. For instance, in April 2024, according to the National Institute of Diabetes and Digestive and Kidney Diseases, a US-based healthcare company, on average each year, 651,446 individuals aged 65 and older (212,875 men and 438,572 women) were newly diagnosed with any form of urinary incontinence. Therefore, the increasing prevalence of urological disorders will drive the growth of the sacral nerve stimulation devices market.
Market Trends –
Major companies operating in the sacral nerve stimulation devices market are developing innovative products, such as next-generation sacral neuromodulation devices, to improve patient outcomes, enhance device efficacy, and reduce adverse side effects. Next-generation sacral neuromodulation devices are cutting-edge tools that offer enhanced control and efficiency in stimulating sacral nerves. For instance, in February 2022, Medtronic plc, an Ireland-based medical device company, launched the InterStim X. It is a next-generation device designed for sacral neuromodulation therapy used to treat conditions such as overactive bladder (OAB) and chronic fecal incontinence and non-obstructive urinary retention. InterStim X offers long-term, personalized treatment without the need for recharging. The device is recharge-free, offering patients a decade or more of therapy without recharging, enhancing convenience and compliance.
The sacral nerve stimulation devices market covered in this report is segmented –
1) By Type: Electrical Muscle Stimulation, Transcutaneous Electrical Nerve Stimulation
2) By Product: External Sacral Nerve Stimulation (SNS) Devices, Implantable Sacral Nerve Stimulation (SNS) Devices
3) By Age: Pediatrics, Adults, Geriatrics
4) By Application: Urinary Incontinence, Fecal Incontinence, Other Applications
5) By End User: Hospital, Ambulatory Surgical Centers, Specialty Clinics
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Regional Insights –
North America was the largest region in the sacral nerve stimulation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sacral nerve stimulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the sacral nerve stimulation devices market are Abbott, Medtronic plc, Boston Scientific Corporation, Livanova, Axonics Modulation Technologies, Laborie Medical Technologies, Beijing PINS Medical Co. Ltd., Nevro Corp., Cala Health, Micro Systems Technologies, Neuspera Medical, EndoStim Inc., InCube Labs, Soterix Medical, Synapse Biomedical Inc, Soin Neuroscience, Nuvectra Corporation, StimGuard LLC, Medzell, General Stim Inc.
Table of Contents
- Executive Summary
- Sacral Nerve Stimulation Devices Market Characteristics
- Sacral Nerve Stimulation Devices Market Trends And Strategies
- Sacral Nerve Stimulation Devices Market – Macro Economic Scenario
- Global Sacral Nerve Stimulation Devices Market Size and Growth
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- Key Mergers And Acquisitions In The Sacral Nerve Stimulation Devices Market
- Sacral Nerve Stimulation Devices Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Sacral Nerve Stimulation Devices Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Sacral Nerve Stimulation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Sacral Nerve Stimulation Devices Market, Segmentation By Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 76: Abbott Financial Performance
Table 77: Medtronic plc Financial Performance
Table 78: Boston Scientific Corporation Financial Performance
Table 79: Livanova Financial Performance
Table 80: Axonics Modulation Technologies Financial Performance
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