PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401831
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401831
Vaginal Slings Market size was valued at USD 1,830 Million in 2022, expanding at a CAGR of 5.1% from 2023 to 2030.
Vaginal slings are medical implants used for treating stress urinary incontinence (SUI) in women. This market includes a range of sling devices made from synthetic materials or biological tissues, providing support to the urethra and bladder neck to manage inadvertent urine leakage during activities such as coughing, sneezing, or physical exertion. Companies in this domain focus on strategies involving product innovation, clinical efficacy, regulatory adherence, and expanding market reach to offer enhanced solutions for women grappling with SUI. This market plays a crucial role in providing effective remedies for urinary incontinence, significantly improving the quality of life for affected individuals.
Vaginal Slings Market- Market Dynamics
Escalating prevalence of urinary incontinence, an increasing frequency of vaginal sling surgeries to propel market demand
Market growth is primarily driven by escalating prevalence of urinary incontinence, an increasing frequency of vaginal sling surgeries, and extensive research efforts aiming to establish the effectiveness of vaginal slings compared to alternative surgeries like vaginal mesh and colposuspension. Moreover, the proactive interest of key industry players in developing more advanced materials constitutes a pivotal factor expected to drive market growth during the projected period. Additionally, urinary incontinence poses a common and distressing issue in elderly women, often associated with age-related alterations in the lower urinary tract, compromised neural control, and structural changes in vesical muscle. As per a research article published in Frontiers in Public Health in December 2021, around 40% of women aged 80 years and older suffered from urinary incontinence. Furthermore, according to Phoenix Physical Therapy, PLC., approximately 23% of women over 60 years grapple with urinary incontinence in the U.S. Hence, the burgeoning geriatric population is anticipated to propel market expansion over the study period.
Vaginal Slings Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.1% over the forecast period (2023-2030)
Based on Product Type segmentation, transobturator slings was predicted to show maximum market share in the year 2022
Based on type outlook segmentation, midurethral sling was the leading type in 2022
On the basis of region, North America was the leading revenue generator in 2022
The Global Vaginal Slings Market is segmented on the basis of Product Type, Type Outlook, End User, and Region.
The market is divided into three categories based on Product Type: tension-free vaginal tape slings, transobturator slings, and mini-slings. In 2022, the transobturator slings segment held sway in the global market. This dominance is credited to factors such as comparable efficacy to tension-free vaginal tape slings and the procedural ease coupled with a minimal risk of significant blood vessel, bowel, or bladder injuries.
The market is divided into two categories based on type outlook: midurethral sling and traditional sling segments. The midurethral sling segment emerged as the leader in the global market in 2022. This growth can be attributed to various factors, including high durability, satisfactory outcomes, and the absence of serious long-term complications associated with these slings.
Vaginal Slings Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the Vaginal Slings Market, companies concentrate on several pivotal strategies to fortify their position. These encompass continual innovation in product development, focusing on enhancing sling designs, materials, and implantation techniques to improve effectiveness and patient outcomes. Rigorous clinical studies and trials are undertaken to demonstrate the safety and efficacy of their sling devices, aligning with regulatory norms. Furthermore, companies prioritize expanding their market reach through targeted marketing efforts, fostering partnerships with healthcare providers, and conducting educational campaigns to raise awareness among patients and professionals about the advantages of vaginal slings in managing stress urinary incontinence. Additionally, ensuring compliance with stringent regulatory standards and maintaining high product quality and safety standards are integral aspects of their strategies in this competitive landscape.
In May 2023, Caldera Medical introduced 4DRYFIELD, a polysaccharide-based product under PlantTec Medical, designed to effectively control bleeding and prevent postoperative tissue adhesions in surgeries, including vaginal sling procedures.
The scope of this report covers the market by its major segments, which include as follows: