Japan Sacral Neuromodulation Market Size By (Implantable SNS Devices External SNS Devices), And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Japan Sacral Neuromodulation Market Size By (Implantable SNS Devices External SNS Devices), And Forecast
Japan Sacral Neuromodulation Market Size And Forecast
Japan Sacral Neuromodulation Market size was valued at USD 84.8 Million in 2022 and is projected to reach USD 131.4 Million by 2030, growing at a CAGR of 5.68% from 2024 to 2030.
Growth in the market is anticipated to be fueled by improvements in neurostimulation technology, ongoing clinical research, and rising patient and healthcare provider acceptability. The Japan Sacral Neuromodulation Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Japan Sacral Neuromodulation Market Executive Summary
Certain bladder and bowel diseases are treated with sacral neuromodulation (SNM), a medical technique that stimulates the sacral nerves. SNM has received a lot of interest in Japan in recent years as a potential therapy for individuals with overactive bladder (OAB), urine retention, and fecal incontinence. The frequency of bladder and bowel dysfunction problems is on the rise in Japan, and this, combined with the country’s ageing population, has led to a steady rise in the demand for sacral neuromodulation. Given that Japan has one of the largest percentage of old people worldwide, age-related illnesses including OAB and urine retention are more common there. Additionally, patients and medical professionals are becoming more aware of the advantages of SNM. SNM offers an alternative for individuals who have not responded to conservative therapies and prevents the need for more invasive surgical operations because it is a minimally invasive and reversible therapy.
The regulatory bodies in Japan have approved sacral neuromodulation as a secure and reliable treatment for a variety of illnesses. Before they may be sold and utilised in clinical settings, SNM devices must have clearance from the Pharmaceuticals and Medical Devices Agency (PMDA). Although obtaining regulatory clearance might take some time, businesses with authorized products have an advantage over rivals in the market.
The effectiveness and safety of sacral neuromodulation are still being studied and researched clinically in Japan. SNM may be used to treat a number of medical ailments outside bowel and bladder problems, such as pelvic pain syndromes and fecal incontinence, according to ongoing research. These trials advance our knowledge of SNM’s therapeutic potential and might eventually result in the approval of new indications.
Similar to many other cutting-edge medical treatments, healthcare insurance and payment practices may have an impact on patient access to sacral neuromodulation. Reimbursement for SNM operations varies in Japan based on the patient’s health and the particular device utilized. For market uptake and patient accessibility, it is essential to provide favorable reimbursement status. While the Japanese market for sacral neuromodulation appears promising, there are a number of obstacles. These include the need for more education of consumers and healthcare professionals, financial concerns, and potential cultural elements that can affect patients’ choices of medical treatments. The market for sacral neuromodulation in Japan has a bright future. Growth in the market is anticipated to be fueled by improvements in neurostimulation technology, ongoing clinical research, and rising patient and healthcare provider acceptability. SNM is predicted to be essential in enhancing the quality of life for patients in Japan due to the ageing population and rising prevalence of bladder and bowel illnesses.
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Japan Sacral Neuromodulation MarketSegmentation Analysis
The Japan Sacral Neuromodulation market is segmented on the basis of Product.
Japan Sacral Neuromodulation Market, By Product
Implantable SNS Devices
External SNS Devices
To Get a Summarized Market Report By Product-
Implantable SNS Devices accounted for the largest market share of 84.37% in 2022, with a market value of USD 71.6 Million and is projected to grow at a CAGR of 4.72% during the forecast period.
Key Players
The Japan Sacral Neuromodulation market is highly fragmented with the presence of a large number of players in the market. Some of the major companies include Axonics Japan K.K., Boston Scientific Japan K.K., Cyberonics Japan Co., Ltd. (LivaNova), LivaNova Japan K.K., Medtronic Japan Co., Ltd., Miraca Holdings Inc., Nihon Kohden Corporation, Nuvectra Japan, Ltd., St. Jude Medical Japan Co., Ltd. (Abbott), Terumo Corporation.
Key Developments
The r-SNM System, a second-generation implanted neurostimulator, was just released, according to Axonics Modulation Technologies.
Stimgenics, LLC, a business that specialises in creating and marketing a unique spinal cord stimulation (SCS) waveform, was purchased by Medtronic plc.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Axonics Japan K.K., Boston Scientific Japan K.K., Cyberonics Japan Co., Ltd. (LivaNova), LivaNova Japan K.K., Medtronic Japan Co., Ltd., Miraca Holdings Inc., Nihon Kohden Corporation, Nuvectra Japan, & Others
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