Sacral Nerve Stimulation Market Set to Witness Significant Growth by 2024-2031 | Medtronic plc., Nevro Corp, Axonics,Inc

BURLINGAME, CALIFORNIA, UNITED STATES, May 24, 2024 /EINPresswire.com/ -- Market Overview:

Sacral nerve stimulation is a technique that uses mild electrical pulses to stimulate the sacral nerve and restore control of the bladder and bowels. It is used to treat fecal incontinence, urinary urgency frequency, urinary retention and overactive bladder.

Market Dynamics:

The sacral nerve stimulation market is expected to see growth due to rising prevalence of urinary and fecal incontinence globally. It is estimated that 25 million people in the US suffer from overactive bladder which contributes to urgency, frequency and urinary incontinence. Furthermore, over 15 million people in the US suffer from fecal incontinence. Sacral nerve stimulation offers an effective treatment alternative to these patients with success rates of over 80% for overactive bladder and 70% for fecal incontinence. Also, improving reimbursement scenario for the therapy in many countries is making it more affordable and further promoting adoption.

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Rising prevalence of overactive bladder and fecal incontinence as the key market driver

The rising prevalence of clinical conditions such as overactive bladder and fecal incontinence where sacral nerve stimulation is used for treatment is a major market driver. According to the National Association for Continence, overactive bladder affects around 33 million Americans with symptoms such as frequent urination and urge incontinence. Fecal incontinence also has a substantial impact with around 12% of the US population estimated to experience some loss of bowel control. The increasing geriatric population is an important risk factor for both conditions due to age-related changes in pelvic floor function. Advancements in medical technology and greater awareness about sacral nerve stimulation therapy options among patients and physicians are helping to drive the adoption of this treatment approach. Expanding insurance coverage and reimbursement for sacral nerve stimulation procedures in some countries is also propelling the market growth.

Complications and high costs pose a market restrain

While sacral nerve stimulation has advantages over some alternative treatments, complications related to device implantation and high costs of the therapy are a major market restrain. Malfunctions or movement of implanted components can occur in a small percentage of patients requiring revision surgery. Lead migration is one example risk that specialists aim to minimize through optimized surgical technique. Infections around implanted hardware are another potential complication healthcare providers strive to avoid. The overall costs of sacral nerve stimulation implantation, including surgery, devices and ongoing programming, remain substantial compared to drug treatments. This presents a barrier to access in systems without adequate reimbursement policies in place. Rising healthcare costs are leading payers to more closely scrutinize new procedures, so manufacturers face the challenge of demonstrating sacral nerve stimulation's strong cost effectiveness to expand coverage. Minimizing complications and device costs through next generation innovations will be important to help overcome this restrain on market growth.

Leading Key Players Include in This Report:

Medtronic plc., Boston Scientific Corporation, Nevro Corp, StimWave Technologies Inc., Axonics, Inc., Synapse Biomedical, Uroplasty, St. Jude Medical, Cogentix Medical, and Others

Since the report focuses on the healthcare sector, it also sheds light on key development in the said industry and latest R&D activities. It educates business owners on newly approved products, ongoing research and development, and products under the trial phase and in the pipeline.

Detailed Segmentation:

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

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Growing awareness and earlier diagnosis present an opportunity

One growth opportunity for the sacral nerve stimulation market lies in expanding patient and physician education initiatives to raise awareness of this treatment approach. Many patients still undergo multiple alternative treatments before being referred for sacral nerve stimulation evaluation. This presents an opportunity if education programs increase early diagnosis rates of conditions this therapy targets, so patients can benefit sooner. Leveraging digital media and resources for providers as well as consumers could help disseminate information more widely. There may also be an untapped patient population who have experienced symptoms but not sought medical care due to lack of knowledge about available options. Education is key to ensuring these individuals receive evaluations and appropriate sacral nerve stimulation referrals if applicable. This would expand both early diagnosis and the eligible patient base for this minimally invasive, reversible therapy.

Increased use of rechargeable systems set to drive future market trends

One significant trend expected to drive future market growth is the adoption of rechargeable sacral nerve stimulation systems over traditional non-rechargeable models. Initially, concerns around battery longevity and possibility of device issues led many physicians to prefer non-rechargeable implants. However, advancements mean rechargeable devices now offer battery lives comparable to alternative options while providing more convenience through wireless inductive charging rather than replacement surgeries. Patients also report preferring rechargeable systems due to the lack of need for ongoing surgical battery replacements during the device's lifetime. Major manufacturers are expanding their rechargeable model pipelines which facilitates physician transition as familiarity and usage increases. Rising reimbursement for rechargeable sacral

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