The latest market report published by Acute Market Reports “Sacral Nerve Stimulation Market - Growth, Future Prospects, Competitive Analysis, 2021 - 2029,” the global sacral nerve stimulation market was valued at US$ 2,027.8 Mn in 2020, and is expected to reach US$ 3,145.8 Mn by 2029 expanding at a CAGR of 4.94 % from 2021 to 2029.
Browse the full report Sacral Nerve Stimulation Market - Growth, Future Prospects, Competitive Analysis, 2021 – 2029 report at https://www.acutemarketreports.com/report/sacral-nerve-stimulation-market
Market Insights
Injury to the spinal cord above the lumbosacral level results in disruption of both the storage capacity and emptying function of the urinary bladder. Typically, the first line of treatment for such disorders includes a combination of anticholinergic drugs, which however results in side effects such as blurred vision, constipation and cognitive changes. Sacral neuromodulation is an effective treatment to surpass the anticholinergic drugs side effects. SNS devices cause contraction of the external sphincter and the pelvic floor muscle, which result in inhibition of bladder contraction that could be involuntarily releasing urine. Research findings claim that sacral neuromodulation blocks the c-afferent fibers that are part of the afferent limb of the pathological reflex arc responsible for incontinence.
Implantable SNS devices are currently leading the product market segment due to factors such as rising prevalence of overactive bladder and they are a reversible treatment option and can be discontinued anytime. External SNS devices are anticipated to register faster growth due to key drivers such as rising prevalence of fecal incontinence and technological advancement in the device design and manufacture with minimal side effects such as jolting effects.
Urine incontinence provides a lucrative market opportunity 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 such as prostate cancer and enlarged prostate. Fecal incontinence promises a very good sales forecast for the period 2021-2029 majorly due to factors such as rising prevalence and increasing number of patients with ulcerative colitis resulting in altered bowel peristaltic activity leading to leakage of feaces.
The sacral nerve stimulation market is technologically driven and includes major players such as 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).
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