Vaginal Slings Market Scope
Market Research Future (MRFR), in its recent study on the COVID-19 impact on vaginal slings market size, asserts that the market is expected to reach USD 1,459 million by 2023. It is expected to exhibit a CAGR of 3.6% over the forecast period. Increasing number of cases of UI is the major driver of the market. According to the National Association for Incontinence, stress incontinence is the most prevalent disorder and affected close to 15 million women in the U.S. in 2017. The spurt seen in the female populace is another driver of the market. Large number of vaginal sling procedures for correcting UTI will augur favorably for the market.
Vaginal slings are surgical procedures used in controlling urinary incontinence (UI) in women. The sling is created from human tissue and is installed beneath the urethra. It can stop and lower the frequency of urine leaks. The global vaginal slings market report by Market Research Future (MRFR) looks at the types of slings available as well as the efforts taken to introduce new techniques for a safe and efficient way for successful surgeries for the period of 2018 to 2023 (forecast period).
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Favorable reimbursement policies covering vaginal sling procedures are projected to bode well for the market. This can alleviate the economic burden of patients. Rise in the number of government initiatives aiming to lower the rate of stress UI in their respective countries will be a lucrative opportunity for major manufacturers. Technological advances in surgeries and inclination towards minimally invasive surgeries are other growth enablers of the global market. Complications in surgical procedures and product recalls may threaten the market growth.
Vaginal Slings Market Segmentation
The global vaginal slings market is segmented by product type, method, and end user.
The vaginal slings market, based on product type, has been segmented into transobturator tape slings (TOT), mini-slings or single incision slings, tension-free vaginal tape slings (TVT), and others.
The vaginal slings market, based on method, has been segmented into single-incision mini method, retropubic method, and transobturator method.
On the basis of end user, the market is segmented into urogynecology clinics, hospitals, ambulatory surgical clinics, and others. The hospitals segment is expected to hold a major share with a market value of USD 539.7 Million till 2023.
Vaginal Slings Market Regional Analysis
The global vaginal slings market, based on region, is divided into the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).
The Americas is predicted to hold the largest share of the global vaginal slings market. This can be attributed to the rising awareness among women and prevalence of UI among the women. Clinical trials for testing new vaginal slings are expected to boost well for new products. Boston Scientific Corporation had concluded in its three-year study that its product, Solyx Single Incision Sling (SIS), had successfully treated women with stress urinary incontinence (UTI).
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Europe is likely to contribute to market growth owing to awareness of the disorders, rising frequency of testing among women, and increased healthcare spending. Germany held close to 27% share of the regional vaginal slings market of Western Europe in 2017.
APAC is expected to display the fastest growth rate over the forecast period owing to the presence of various research organizations and the adoption of modern surgical methods across hospital chains. Lastly, the MEA region can display the lowest growth rate owing to inadequate healthcare spending and low per capita income.
Vaginal Slings Market Competition Outlook
Ethicon Inc., A.M.I. GmbH, Coloplast Corp, Boston Scientific Corporation, Herniamesh S.r.l., Betatech Medical, Promedon, CL Medical, and others are key players of the global vaginal slings market.
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