What are driving factors of Vaginal Slings Market ? Top players - Coloplast, Boston Scientific, C. R. Bard, Ethicon, American Medical Systems, Cook Medical, Caldera Medical, Covidien, B Braun Melsungen, Sofradim, ABISS
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Growing female geriatric population increases the chances of urinary incontinence fueling the demand for urinary incontinence products. Chronic conditions such as liver, kidney and bladder diseases that lead to urinary incontinence are more common in the elderly. Increasing number of urinary incontinence cases owing to the increasing geriatric population that requires proper treatment such as vaginal sling surgeries will provide a massive opportunity for the market players globally. Aforementioned factors will propel the demand for such treatments, hence boosting the vaginal slings market.
Furthermore, availability of favorable reimbursement policies offer vaginal sling surgeries to several people at an affordable price. Many countries including the U.S. provide reimbursement cover for urinary incontinence treatment under various insurance schemes in order to reduce the economic burden. Increasing number of government initiatives pertaining to reimbursement policies across the globe will subsequently increase the demand for urinary incontinence products such as vaginal slings during the coming years.
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Moreover, technological developments pertaining to advancement in vaginal slings is a major factor that will drive the market growth. However, lack of awareness among people regarding vaginal sling surgeries as well as long term complications such as voiding dysfunction, bladder overactivity and bladder injury associated with vaginal sling procedures could hamper the industry growth.
The advanced vaginal slings segment is expected to grow at the fastest growth rate throughout the forecast period owing to its benefits over conventional vaginal slings such as reduced operative morbidity and long term complication rate. Key factor contributing to the sector growth is the growing interest of manufacturers in development of vaginal mini slings as well as vaginal mesh products that are used for treating urinary continence in women.
Ambulatory surgical centers segment is expected to experience a highest growth rate throughout the forecast period. Ambulatory surgical centers offer minimally invasive surgical procedures with good quality and at affordable price. Increasing awareness of patients towards minimally invasive procedures and growing rate of vaginal sling surgeries performed in ambulatory surgical centers will augment the segment growth.
U.S. dominated the global vaginal slings market in 2018 owing to the presence of well-developed healthcare infrastructure, skilled professionals, technological advancements, increasing adoption of vaginal slings for treatment stress urinary incontinence as well as presence of dominant market players in the region. Furthermore, high healthcare expenditure and availability of advanced slings such as vaginal mini slings and vaginal mesh will fuel the market growth.
Japan is expected to witness a significant growth in the vaginal slings market during the analysis period owing to the increasing prevalence of chronic diseases such as urinary incontinence among the elderly women population. Moreover, technological advancements, rising disposable income and increasing developments in healthcare system are key factors that will boost the vaginal slings market over the forecast period.
Some of the key industry players include Coloplast, Boston Scientific, C. R. Bard, Ethicon, American Medical Systems, Cook Medical, Caldera Medical, Covidien, B Braun Melsungen, Sofradim, ABISS, Helioscopie, Neomedic International, Cousin Biotech, Herniamesh, Dynamesh, Aspide Medical, Promedon, Meta Biomed and Betatech Medical. Key strategies adopted by the industry players include strategic collaborations, partnerships, mergers and innovative product launches to expand their business product portfolio.
Vaginal Slings Market by Type, 2014-2025 (USD Million)
o Conventional slings
o Advanced slings
Vaginal Slings Market by End-use, 2014-2025 (USD Million)
o Ambulatory surgical centers
The above information is provided for the following regions and countries:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
o Saudi Arabia
o South Africa
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