September 16, 2022
According to the recent research report titled ‘Global Bowel Stimulators Market Size study, by Type (External, Implantable), by Application (Urinary Fecal Incontinence, Chronic Anal Fissure, Others), by End-Users (Hospitals and Clinics, Ambulatory Surgical Centres, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global bowel stimulators market, which was valued at approximately USD 1107.85 million in 2021, is anticipated to accrue USD 2721.47 million by the end of the forecast period and exhibit a growth rate of 13.7 % over 2022-2028.
The adoption of bowel stimulators has been influenced by an increase in disposable income, development of minimally invasive procedures, and surging cases of overactive bladder, urinary tract infections (UTIs), & fecal incontinence that are estimated to collectively boost market growth.
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For those unversed, sacral nerve stimulation (SNS) is a recently created device that can assist in restoring bowel continence, enabling patients to have the ability to control their bowel movements.
Additionally, expanding the scope of research is projected to accelerate the growth of the overall market.
Nevertheless, the growth of the business sphere is likely to be constrained by the availability of substitute devices and the danger of new competitors, over the projected period of 2022–2028.
Further, worldwide bowel stimulators marketplace is segmented on the basis of type, application model, and end-user scope. Based on type, the market is split into implantable and external type.
In terms of application model, the industry is bifurcated into chronic anal fissure, urinary fecal incontinence, and others. By end-user scope, this marketplace is divided into ambulatory surgical centers, hospitals & clinics, and others.
The regional landscape of this industry vertical spans across North America, Asia Pacific, Europe, Latin America, and rest of the world. Among these, North America market is expected to record a significant growth rate over the analysis period, owing to the presence of robust healthcare facilities and rapid adoption of advanced equipment.
Europe industry is estimated to expand at a considerable CAGR during the forecast period, due to rising cases of fecal incontinence across the region.
The key players formulating competitive landscape of global bowel stimulators industry are Medtronic Plc, Livanova Plc, Inspire Medical Systems Inc., Cyberonic Internet Communications, Inc., B. Braun, Laborie Inc., Cogentix Medical Inc., Nuvectra Corporation, Sportaid, and Axonics Inc.