Press release
Vaginal Sling Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
The vaginal sling market size has grown strongly in recent years. It will grow from $1.4 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing prevalence of stress urinary incontinence, advancements in surgical techniques, rising aging population, regulatory approval, healthcare infrastructure development.The vaginal sling market size is expected to see strong growth in the next few years. It will grow to $2.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to growing demand for minimally invasive procedures, increasing healthcare expenditure, expanding geriatric population, patient preference for outpatient procedures, increasing awareness through marketing initiatives. Major trends in the forecast period include technological advancements, product innovations, minimally invasive procedures, global expansion and market penetration, patient-centric approaches.
Market Overview -
A vaginal sling refers to a mesh implant used to strengthen ligaments and connective tissue structures that assist in managing urine incontinence. The vaginal sling procedure is one therapy option for female stress urine incontinence.
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Impact Of The Growing Female Geriatric Population On The Vaginal Sling Market
The growing female geriatric population is expected to propel the growth of the vaginal sling market going forward. The female geriatric population refers to the older population (65 years and beyond). A portion of the growing female geriatric population is affected by stress urinary incontinence (SUI) and other urinary incontinence, which is treated and controlled by vaginal slings. For instance, in January 2023, according to a report published by the Statistics Netherlands, a Netherlands-based government agency, as of January 2023, the female population in the Netherlands totaled 2,172 residents. Among individuals aged 90 and above, there are 95,090 women and 40,128 men. Therefore, the growing female geriatric population is driving the growth of the vaginal sling market going forward.
Competitive Landscape -
Major companies operating in the vaginal sling market report are Betatech Medical Inc., Boston Scientific Corporation, Caldera Medical Inc., Coloplast A/S, B. Braun Melsungen AG, Promedon GmbH, ABISS Pty Ltd., Lotus Surgicals Pvt. Ltd., American Medical Systems Holdings Inc., UroCure LLC, Neomedic International Ltd., Ethicon Inc., C. R. Bard Inc., Medtronic plc, Agency for Medical Innovation, Abiss Analytic Biosurgical Solutions, Cook Group Incorporated, Sofradim Production SAS, Medesign Pharmaceuticals Private Limited, MedGyn Products Inc., Medica Europe BV, Medline Industries Inc., Organogenesis Holdings Inc., Prosurg Inc., Degania Medical Devices Pvt. Ltd., Regeneration Technologies Inc., SRS Medical Systems, Teleflex Inc., Uroplasty Inc., Urotech Co. Ltd., Urovision Diagnostics & Research Centre Private Limited, W.L. Gore & Associates Inc., Zimmer Biomet Holdings Inc., Johnson & Johnson Services Inc., CooperSurgical Inc., Endo International plc
Strategic Partnerships In The Vaginal Sling Market For Urogynecology And Female Urology
Major companies operating in the vaginal sling market are adopting a strategic partnership approach to bring specific focus to urogynecology and female urology. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in September 2021, UroCure, a US-based healthcare company, partnered with LiNA Medical USA, a US-based medical device company. This collaboration in distribution and product development capitalizes on the strengths of both UroCure and LiNA, combining UroCure's ArcTV sling and growing women's health portfolio with LiNA's dedicated US national sales force and specialized device solutions in urogynecology and female urology. Additionally, LiNA Medical and UroCure are collaborating to create a comprehensive range of surgical solutions for female stress incontinence. The inaugural product from UroCure, the ArcTV sling, is a medical device crafted to alleviate the impact of stress urinary incontinence in women.
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Key Segments -
The vaginal sling market covered in this report is segmented -
1) By Product Type: Transobturator Slings, Tension-free Vaginal Tape Sling, Other Product Types
2) By Material-Type: Tissue Slings, Synthetic Slings
3) By Type of Urinary Incontinence: Stress Urinary Incontinence, Urge Urinary Incontinence, Mixed Urinary Incontinence
4) By End User: Hospitals, Clinics, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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