GLOBAL SACRAL NERVE STIMULATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Sacral Nerve Stimulation Market, By Product Type (Implantable SNS Devices, External SNS Devices, Accessories), By Application (Urinary and Fecal Incontinence, Chronic Pain, Others), By End User (Hospital, Clinics, Ambulatory Surgery Centers), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Jan 2024
Code : CMI6543
Pages :172
Formats :
Excel and PDF
Industry : Medical Devices

Global Sacral Nerve Stimulation Market Size and Trends

Global sacral nerve stimulation market size is expected to reach US$ 634.1 Mn by 2030, from US$ 422.7 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 6% during the forecast period.

Figure 1. Global Sacral Nerve Stimulation Market Share (%), By Region, 2023

Global Sacral Nerve Stimulation Market - Trends

Wireless and battery less sacral nerve stimulation systems: The advent of wireless and battery less sacral nerve stimulation systems is expected to witness significant impact the global sacral nerve stimulation market in the near future. Sacral nerve stimulation is commonly used to treat overactive bladder, urinary retention, and fecal incontinence. The traditional systems require battery replacements every few years which involves additional surgeries. This increases the costs burden and risk to patients over the long run of treatment. For instance, on May 21, 2018, StimGuard, a medical device firm, secured the European CE-Mark for its battery-free, wireless neuromodulation device that is designed to stimulate the sacral nerve to address overactive bladder.