Sacral Nerve Stimulation Devices Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
Sacral Nerve Stimulation Devices Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, September 19, 2024 /EINPresswire.com/ -- The sacral nerve stimulation devices market has experienced robust growth in recent years, expanding 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.
What Is The Estimated Market Size Of The Global Sacral Nerve Stimulation Devices Market And Its Annual Growth Rate?
The sacral nerve stimulation devices market is projected to continue its strong growth, reaching $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.
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Growth Driver Of The Sacral Nerve Stimulation Devices Market
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.
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Who Are The Key Players Shaping The Sacral Nerve Stimulation Devices Market Trends?
Key players in the market include 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.
What Are The Dominant Trends In Sacral Nerve Stimulation Devices Market Growth?
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.
How Is The Global Sacral Nerve Stimulation Devices Market 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
Geographical Insights: North America Leading The Sacral Nerve Stimulation Devices Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Sacral Nerve Stimulation Devices Market Definition
A sacral nerve stimulation device is a medical implant that uses electrical impulses to modulate nerves in the sacral area. It's used to treat conditions such as urinary incontinence and an overactive bladder by regulating nerve activity. This technology aims to improve bladder function and quality of life for patients through targeted neurological intervention.
Sacral Nerve Stimulation Devices Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global sacral nerve stimulation devices market report covering trends, opportunities, strategies, and more
The Sacral Nerve Stimulation Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on sacral nerve stimulation devices market size, sacral nerve stimulation devices market drivers and trends, sacral nerve stimulation devices market major players and sacral nerve stimulation devices market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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