Sacral Nerve Stimulation (SNS) is a type of electrical stimulation therapy. It involves establishment of programmed stimulator. Big Market Research has recently added a new report, titled, “Global Sacral Nerve Stimulation Market 2017–2021” and it is anticipated to grow at a CAGR of 4.66% during the forecast period, 2017–2021. The research offers a comprehensive understanding of present scenario of the industry and prepares the manufactures for the future opportunities.
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Parameters of the report
The study provides an extensive analysis of factors that drive, restrict, challenge, and threat the growth of the global sacral nerve stimulation market. It covers the current business landscape and growth prospects of the industry. It calculates the market size and highlights revenue generated by estimating value of SNS instruments, volumes, and sales. It provides an overview of the market. A comprehensive assessment is done by the experts to study the market landscape in context of its size, share, and forecast.
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- Drivers, challenges
The influencing factors, such as rise in research & development by the companies in the industry, available countries for the use of SNS, and increase in older population are examined in the report of global sacral nerve stimulation market. The restraining factors, such as problems with usage of side effects of SNS equipment and no reimbursement for SNS methods are included in it. Issue in treatment of severe fecal incontinence where the magnetic sphincter augmentation possesses a huge danger to SNS is also considered in the study. The impact of these challenges and drivers are studied in detail in the report.
- Market trends
The market trends, such as increase in probable application of the SNS devices, increase in use of O-arm surgical equipment for patients with partial sacral agenesis, and decrease in the use of Bioabsorbable antibacterial technology that causes less postsurgical infections are highlighted in the study of the global sacral nerve stimulation industry.
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- Industry segmentation
The study divides the global sacral nerve stimulation into end user, product type, and geographical distribution. Based on the product type, the industry is bifurcated into external SNS devices and implantable SNS instruments. Based on regional distribution, it is divided into Asia-Pacific (APAC), Europe Middle East Africa (EMEA), and Americas.
The significant manufacturer included in the research is Medtronic. Other prominent market players are Nuvectra and Axonics Modulation Technologies. These are discussed in the study based on the standard set by the experts which is company overview. This is further elaborated in the report. To measure the competitive spirit in the industry among the producers the experts adopted Porter’s Five Fore Analysis (PFFA).
The study explains the characteristics of the global sacral nerve stimulation market through tables and figures. These are brought into one header as “exhibit”. In these exhibits industry overview, revenue generated, market size & share, and forecast are discussed. In some exhibits driving factors, challenges, trends are represented. In other exhibits strategies for new entrants are provided and in some scope of the company is given. For instance, exhibits depict 22, 23, and 24 as Medtronic’s strategy strengths, assessment, and opportunities respectively.
Benefits of the research
The report offers an extensive evaluation of the global sacral nerve stimulation market. It enables significant manufacturers and key stakeholders to quickly identify future opportunities. It motivates the new entrepreneurs participate in the market as it provides them with authentic information of challenges and influences. The industry forecast provided by the analysts aids producers and investors to take necessary steps for the growth of the market.