Global Vaginal Slings Market By Type (Biologic, Synthetic Slings), By Application (Clinics, Hospitals, Others), By Region, And Segment Forecasts, 2023 to 2037
Report Id: 44263 | Published Date: Jul 2024 | No. of Pages: 200 | Base Year for Estimate: Jul 2024 | Format:
The Global Vaginal Slings Market was valued at USD 1.1 billion in 2023 and is projected to reach USD 2.6 billion by 2030, registering a CAGR of 13.2% during the forecast period of 2023-2030. The market's growth is driven by an ageing population, increasing incidence of urinary incontinence cases around the world and advancements made in medical technologies Vaginal slings greatly help women when it comes to treating stress urinary incontinence (SUI) which significantly boosts their quality of life.
Drivers:
Rising Prevalence of Urinary Incontinence, Growing Awareness of Women's Health, and Technological Advancements
Urinary Incontinence Prevalence: Growing incidence of urinary incontinence, more specifically stress urinary incontinence (Urinary Incontinence Prevalency) among women driving the vaginal slings market; The problem typically results from ageing, childbirth and obesity.
Women's Health Awareness: Rising awareness about women's health and the development of advanced products for the treatment of urinary incontinence have resulted in an increased use vaginal slings. These treatments are being heavily promoted through educational campaigns and support groups.
Technological Innovations: Ongoing advancements in the medical technology sector including the development of less invasive procedures and better sling materials, which are aiding to enhance efficacy & safety with vaginal slings and supporting market growth.
Restraints:
High Costs and Potential Complications
High Treatment Costs: Surgery to insert vaginal slings is not cheap and its cost could make them inaccessible, especially in poor regions with constrained healthcare budgets.
Complications and Recalls: Potential complications such as infection, pain and mesh erosion related to vaginal slings along with the recall of products The problems further require patient selection and the expertise of a highly skilled surgical group.
Opportunity:
Emerging Markets, Increasing Healthcare Expenditure, and Aging Population
Emerging Markets: Heavy scope of untapped opportunities, emerging markets can go far to further expand the market. Demand for vaginal slings is expected to rise in MEA. These regions are increasing healthcare expenditure and improving healthcare infrastructure
Healthcare Expenditure: Increasing healthcare expenditure and government initiatives to improve the health of women are also expected to provide several growth opportunities for players in this market.
Aging Population: The rise in the aging population has a direct effect on the ever growing number of people living with urinary incontinence; these are typically high users of vaginal slings. With increased life expectancy, there will be an increasing need for good treatments in the area of incontinence.
Market by Product Type Insights:
Tension-Free Vaginal Tape and Transobturator Tape Dominate the Market
Tension-Free Vaginal Tape: The largest revenue-generating segment in 2023 is anticipated to be a dominant market during the forecast period One of these options is Tension-free vaginal tape with its high success rates and low invasiveness.
Transobturator Tape: The demand for trans-obturator tape also remains high since it is more effective than the conventional method and has a lesser risk of complications.
Market by End-use Insights:
Hospitals and Specialty Clinics Lead the Market
Hospitals: In 2023, hospitals will represent more than a 60% market share. Vaginal sling procedures are performed most often in hospitals, where the expertise of skilled providers and infrastructure can be found.
Speciality Clinics: This is quite the contribution from specific women's wellness care practices offering urinary incontinence-related conditions being treated.
Market by Regional Insights:
North America Holds the Largest Market Share
North America: North America contributed to greater market revenue share in the year 2023 on account of advanced healthcare infrastructure, increasing prevalence rate of urinary incontinence and high investment by key players towards women's health.
Competitive Scenario:
Major players in the Global Vaginal Slings Market include Boston Scientific Corporation, Johnson & Johnson, Coloplast A/S, C. R. Bard, Inc. (Becton, Dickinson and Company), Medtronic plc, Cook Medical, Caldera Medical, Inc., Ethicon, Inc., A.M.I. GmbH, and ProMedica International. These companies are driving innovation and market growth through continuous product development and strategic partnerships.
Scope of Work – Global Vaginal Slings Market Report Metric Details
Key Market Developments:
September 2021-UroCure and LiNA Medical is a leading international distributor of minimally-invasive medical devices within the gynaecology-urology market. This distribution and product development collaboration utilizes the unique capabilities of each company, combining UroCure's ArcTV Sling with their growing women's health franchise while expanding LiNA's national sales force footprint and broadening our laparoscopic device offerings.
November 2021-Caldera Medical, a medical device company dedicated to improving the quality of life for women silently suffering from Stress Urinary Incontinence (SUI) and Pelvic Organ Prolapse, announced today that it has launched Desara TVEz.
Based on Product Type:
Tension-Free Vaginal Tape
Transobturator Tape
Mini-Slings
Based on End Use:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Based on Region:
North America (U.S., Canada)
Europe (Germany, France, UK, Rest of Europe)
Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)
Latin America (Brazil, Mexico, Rest of Latin America)
Middle East & Africa (South Africa, UAE, Rest of MEA)
Frequently Asked Questions:
Q. What is the current market size of the Global Vaginal Slings Market?
A. The global vaginal slings market size was estimated at USD 1.1 billion in 2023 and is expected to reach USD 2.6 billion by 2030, registering a CAGR of 13.2% during the forecast period of 2023-2030.
Q. What are the major growth drivers of the Global Vaginal Slings Market?
A. The growth of the Global Vaginal Slings Market is mainly driven by the rising prevalence of urinary incontinence, growing awareness of women's health, and technological advancements in medical technology.
Q. Which region holds the largest market share in the Global Vaginal Slings Market?
A. North America accounted for more than 40% of the market share in 2023, driven by advanced healthcare infrastructure and a high prevalence of urinary incontinence.
Q. Who are the key market players in the Global Vaginal Slings Market?
A. Key players include Boston Scientific Corporation, Johnson & Johnson, Coloplast A/S, C. R. Bard, Inc. (Becton, Dickinson and Company), Medtronic plc, Cook Medical, Caldera Medical, Inc., Ethicon, Inc., A.M.I. GmbH, and ProMedica International.
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