New York, U.S., June 15, 2022 (GLOBE NEWSWIRE) — Vaginal Slings Market Overview
According to a comprehensive research report by Market Research Future (MRFR), “Vaginal Slings Market Information by Type, Method, End User – Forecast to 2030”, the market can reach USD 3.2 billion by 2030 at 12.3% CAGR.
Scope of Vaginal Slings Market:
A vaginal or urethral strip is a technique used to treat SUI, an underreported and underdiagnosed medical condition that affects a significant number of women. This treatment aims to close the urethra and the neck of the bladder to prevent leakage of urine. It uses a variety of materials, including synthetic polymers known as mesh and human tissue.
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|Market size||$3.2 billion|
|Year of reference||2021|
|Forecast units||Value (USD billion)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||By type, method, end user|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Key Market Drivers||Escalation of Urinary Incontinence Diseases to Benefit the Market|
|Rapid technological innovations in vaginal slings offer lucrative opportunities|
Vaginal Slings Market Competitive Analysis:
Majority of the companies holding significant vaginal scarf market share are focusing on competitive strategies such as mergers, collaborations, acquisitions and others to increase their market share and product offerings. The vaginal sling industry is quite competitive with companies seeking techniques such as product innovation and invention to increase their market share.
- AMI GmbH
- Betatech Medical
- Boston Scientific Society
- Caldera Medical
- CL Medical
- Coloplast Corp.
- Dipromed S.r.l.
- Ethicon Inc.
- Herniamesh SRL
Vaginal Sling Market Dynamics:
The market has benefited from the significant global increase in the prevalence of urinary incontinence. Most of these women suffer from both daily and stress urinary incontinence, which is expected to increase the market share of vaginal slings. Providing supportive reimbursement programs in countries that offer vaginal sling procedures at reasonable prices will not only reduce economic pressure but also lead to market growth. Increasing technical improvements and increasing demand for less invasive procedures are also contributing to the expansion of the market.
Growing patient demand for minimally invasive procedures may be one of the significant industry trends that will drive significant growth over the next few years. Companies are launching technologies that enable minimally invasive treatment of urinary incontinence in response to this opportunity. Apart from this, expanding elderly female population and increasing risk of urinary incontinence might further increase the market size.
Rapid technological advancements in vaginal slings, backed by increased efforts by notable companies, offer exciting potential for market expansion. Additionally, emerging advancements in the materials used to make sophisticated vaginal slings may be a lucrative business opportunity.
One of the main limitations mentioned in the MRFR report is the increased preference for urinary incontinence treatment alternatives. Alternative treatment options for repairing injured or weakened bladder tissue include medications such as mirabegron, anticholinergics, topical estrogens, and alpha-blockers, as well as many additional products, such as transvaginal slings.
Women’s reluctance to undergo surgery due to the risks associated with suburethral slings, such as injury to the bladder or urethra, hemorrhage, erosion of the urethral mesh, urinary tract infections (UTI ), etc., could be a significant hurdle for industry leaders.
The COVID-19 outbreak has negatively influenced the vaginal sling industry as healthcare providers increasingly focus on SARS-CoV-2 patients. However, the new coronavirus has given a boost to telehealth and telemedicine, improving contact between patients and healthcare professionals. The global economic downturn caused by the epidemic has also impacted the vaginal sling industry, but it will recover once the international lockdown is lifted.
Browse the in-depth market research report (103 pages) on vaginal slings: https://www.marketresearchfuture.com/reports/vaginal-slings-market-7888
Vaginal Slings Market Segmentation:
Tension-free vaginal strips have gained popularity due to their safety, minimal invasiveness, and quick application, which has driven the expansion of the market over the study period.
The transobturator approach is expected to dominate the global market due to its advantages over other techniques, such as a lower risk of injury to the bowel, blood vessels or bladder, the simplicity of the technique and a Effectiveness comparable to tension-free vaginal strips.
Per end user
The hospital segment can most likely take the lead and touch USD 539.7 million during the forecast period.
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Regional Analysis For Vaginal Slings Market:
Due to the solid existence of contemporary healthcare infrastructure, proficient medical experts, and frequent technical advancements, the US market is expected to assume the leading position in the coming years. The growing use of vaginal strips for the treatment of stress urinary incontinence and the strong presence of internationally renowned companies in the region are contributing to the market value. The region is well known for its high healthcare expenditure, which benefits the industry, while the wide availability of new slings such as vaginal nets and micro vaginal slings further promotes expansion. Moreover, well-established insurance schemes and the availability of state-of-the-art healthcare infrastructure are some of the additional elements driving the growth in this region.
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Europe has great development potential and benefits mainly from the region’s large health spending budget. Germany holds 27% of the Western Europe vaginal sling market in 2017 due to the increase in female stress urinary incontinence and growth in the incontinence-prone older female population urinary.
During the evaluation period, the APAC market is expected to register the highest growth rate, with Japan emerging as the top performer. Due to the increasing prevalence of chronic disorders such as urinary incontinence, especially among elderly women, the Asia-Pacific market may maintain a strong growth rate during the study period. Additionally, advancements in technology, an increase in disposable income, and rapid development in the healthcare industry are expected to boost the vaginal sling market in the region.
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