IMARC Group has recently released a new research study “Vaginal Slings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The Vaginal Slings Industry?
The global vaginal slings market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
What is a Vaginal Slings Market?
Vaginal slings refer to the surgeries treating stress urinary incontinence among women, which includes urine leakage caused by raised pressure in the abdomen. They aid in closing the urethra and bladder neck with a piece of artificial mesh or tissue underneath the urethra. Vaginal slings offer various advantages to patients, such as faster post-operative recovery time, a small vaginal incision, and no requirement for an abdominal incision and hospital stay. As a result, these surgeries are widely carried out in clinics, hospitals, and ambulatory surgical centers across the globe.
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What Are The Key Factors Driving In The Vaginal Slings Market:
The escalating prevalence of stress urinary incontinence in women, owing to pregnancy, childbirth, and menopause, which may affect the urinary tract and surrounding muscles, and the rising female geriatric population across the globe are among the primary factors driving the vaginal slings market. Besides this, the increasing awareness in individuals toward the benefits of this treatment compared to conventional surgeries is further augmenting the market growth. Moreover, the elevating number of gynecological and urological centers to cater to the demand for vaginal sling procedures is also catalyzing the global market. Apart from this, the high cases of hysterectomy, on account of uterine fibroids, which cause pain, bleeding, or other problems, and the launch of several policies by the government bodies across countries to improve the healthcare infrastructure are acting as significant growth-inducing factors. Furthermore, the leading players are extensively investing in research and development (R&D) activities for the introduction of technologically advanced surgical products, which is anticipated to propel the vaginal slings market over the forecasted period.
Who Are The Key Players/Companies In The Global Vaginal Slings Market?
A.M.I. GmbH, B. Braun Melsungen AG, Betatech Medical, Boston Scientific Corporation, Caldera Medical, Coloplast A/S, Cousin Biotech, Medtronic plc, Neomedic International and Promedon GmbH.
The report has been segmented the market into following categories:
Breakup by Type:
- Conventional Vaginal Slings
- Advanced Vaginal Slings
Breakup by Product Type:
- Transobturator Slings
- Tension-free Vaginal Tape Sling
Breakup by Type of Urinary Incontinence:
- Stress Urinary Incontinence
- Urge Urinary Incontinence
- Mixed Urinary Incontinence
Breakup by End User:
- Ambulatory Surgery Centers
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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