Vaginal Slings Market 2023: Future Scenarios and Implications for the Industry
The increase in the number of women experiencing urinary incontinence, especially stress urinary incontinence worldwide, is meant to boost market growth. In addition, the growing female geriatric population drives market growth. According to Allied Market Research the global vaginal slings market was valued at $628 million in 2016, and is projected to reach $1,626 million by 2023, growing at a CAGR of 14.5% from 2017 to 2023. The conventional vaginal slings accounted for three-fifths share of the global market in 2016.
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In addition, the increase in developments related to the materials used in the construction of advanced slings complements the growth of the market. However, the lack of awareness among patients regarding vaginal sling procedures hinders market growth. In addition, the increase in technological advances in relation to vaginal slings offers profitable opportunities for market expansion.
Vaginal slings used in other medical settings, such as gynecological centers and ambulatory surgical centers, have registered a significant growth rate from 2017 to 2023, and are attributed to the increase in patient preference. In addition, hospitals have accounted for approximately half of the world market share of slings in 2016, and are expected to do so throughout the forecast period. Hospitals adopt advanced vaginal slings as soon as possible compared to clinics and ambulatory surgical centers, which increases the number of vaginal surgeries performed in hospitals.
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• Boston Scientific Corporation
• C. R. Bard Inc.
• Ethicon Inc.
• American Medical Systems
• Caldera Medical
• Cook Medical
Key Findings of the Vaginal Slings Market:
• The clinics segment has the second position among the final users of the vaginal slings market in 2016, and is expected to grow to a CAGR of 14.7% from 2017 to 2023.
• North America dominated the world market for vaginal slings, representing the maximum share of the general market in 2016, and is expected to do so throughout the forecast period.
• India is the fastest growing country in the vaginal slings market in Asia and the Pacific during the forecast period.
• It is anticipated that advanced vaginal slings will grow at the fastest rate, registering a CAGR of 16.0% from 2017 to 2023.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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