What is Global Sacral Nerve Stimulation (SNS) Devices Market?
The Global Sacral Nerve Stimulation (SNS) Devices Market is a rapidly expanding sector in the medical device industry. Sacral Nerve Stimulation (SNS) is a type of therapy that uses small electrical impulses to stimulate the sacral nerves located in the lower back. These nerves control the muscles related to urinary and bowel functions, and stimulating them can help manage incontinence and urinary retention. The SNS devices market is global in nature, with key players and consumers spread across the world. The market includes various types of devices, each designed to cater to specific therapeutic needs and patient preferences. The growth of this market is driven by factors such as the increasing prevalence of urinary disorders, technological advancements in SNS devices, and the growing awareness about the benefits of these devices.
Implantable VNS Devices, External VNS Devices in the Global Sacral Nerve Stimulation (SNS) Devices Market:
The Global Sacral Nerve Stimulation (SNS) Devices Market is segmented into two main types of devices: Implantable VNS Devices and External VNS Devices. Implantable VNS Devices are surgically implanted into the patient's body. They deliver electrical impulses directly to the sacral nerves, helping to manage symptoms of urinary and bowel disorders. On the other hand, External VNS Devices are non-invasive and can be worn outside the body. They work by transmitting electrical impulses through the skin to stimulate the sacral nerves. Both types of devices have their own advantages and are chosen based on the patient's condition, lifestyle, and preference. The choice of device also depends on the healthcare provider's expertise and the availability of the devices in the particular region.
Hospitals, Clinics, Other in the Global Sacral Nerve Stimulation (SNS) Devices Market:
The Global Sacral Nerve Stimulation (SNS) Devices Market finds its application in various healthcare settings such as hospitals, clinics, and others. In hospitals, these devices are used in the treatment of patients suffering from severe urinary and bowel disorders. They are also used in clinics, where patients with less severe symptoms are treated. The use of SNS devices in these settings helps in improving the quality of life of patients by managing their symptoms effectively. Other areas where SNS devices are used include home care settings and rehabilitation centers. In these settings, the devices are used to help patients manage their symptoms at home or during rehabilitation.
Global Sacral Nerve Stimulation (SNS) Devices Market Outlook:
Looking at the market outlook, the Global Sacral Nerve Stimulation (SNS) Devices Market was valued at a significant US$ 1384.6 million in 2023. The market is expected to witness substantial growth, with projections estimating it to reach a whopping US$ 3156.5 million by 2030. This growth trajectory, representing a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period from 2024 to 2030, is indicative of the increasing demand for SNS devices and the growing recognition of their therapeutic benefits in managing urinary and bowel disorders.
| Report Metric | Details |
| Report Name | Sacral Nerve Stimulation (SNS) Devices Market |
| Accounted market size in 2023 | US$ 1384.6 million |
| Forecasted market size in 2030 | US$ 3156.5 million |
| CAGR | 12.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Medtronic, Boston Scientific, Abbott, Axonics Modulation Technologies, Nuvectra, Cogentix Medical, Cyberonics, Uroplasty, Inc, Neuropace, IntraPace, Inc, Codman & Shurtleff, Inc |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
