According to the latest market research report “Vaginal Sling Market (Product Type – Tension-free Vaginal Tape (TVT) Slings, Transobturator Tape (TOT) Slings, and Mini-slings/Single Incision Slings; End User – Hospital, Ambulatory Surgical Centers, and Specialty Clinics): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The vaginal slings market was valued at around USD 1754.7 Million in 2018 and is anticipated to reach USD 2419.3 Million by 2025, expanding at a CAGR of 4.7% from 2019 to 2025.
Stress urinary incontinence (SUI) affects around 15-60% of women. The vaginal sling helps restore urethral resistance by increasing urethral compression and improving mucosal coaptation of the bladder neck. Vaginal sling is used to control stress urinary incontinence. Urine leakage that happens when the person laugh, cough, sneeze, lift things, or exercise.
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Rising Prevalence of Urinary Incontinence is One of the Major Factors Driving the Vaginal Sling Market
According to WHO Urinary incontinence is a highly prevalent condition in the elder population, aged 60 years and over. Several studies have suggested that nearly 45% of women above 30 years of age suffer from stress urinary incontinence globally. Moreover, the benefits of slings procedure over other surgical procedure is also driving the vaginal sling market. A mid-urethral sling procedure is proven to be more efficient, safe, and requires a minimal surgical procedure and the recovery time of the procedure is around 50-60min. on the other hand lack of awareness about urinary incontinence in most of the population can hamper the growth of the market. Moreover, increased research and development activities for vaginal slings offer better opportunities for the growth of the market.
Hospitals Hold the Largest Share of the Segment, Owing to Patients Preference to the Hospitals for Surgeries
Global vaginal sling market segmented by product type and end-user. Product type categorized into Tension-Free Vaginal Tape (TVT) Slings, Transobturator Tape (TOT) Slings and Mini-Slings/Single Incision Slings. The transobturator tape (TOT) slings segment is projected to account for a large share of the market. Ease of procedure, less risk of bladder injury and major blood vessels injury are some factor contributing to the growth of the segment. End-user segment further segmented into hospital, Ambulatory Surgical Centers and specialty clinics. Hospitals hold the largest share of the segment, owing to patients preference to the hospitals for surgeries.
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North America Dominate the Market with Nearly 42% Shares in the Global Vaginal Sling Market
Geographically, vaginal sling market segmented Into North America, Europe, Asia Pacific and RoW. North America dominates the market with nearly 42% shares in the global vaginal sling market, followed by Europe. Rising awareness among people and the availability of advanced healthcare structure helps to dominate these regions. Asia Pacific is expected to grow with a high rate in the forecast period. Rising geriatric population, rising prevalence of urinary incontinence and improving healthcare facilities are supporting the growth of this region.
Competitive Analysis of Vaginal Sling Market
Key players in the market are Coloplast, Boston Scientific Corporation, C. R. Bard, Inc., Promedon Group, A.M.I. GmbH, Ethicon, Inc., Caldera Medical, Medtronic plc, Betatech Medical, ABISS and others. The new Advantage Fit System from Boston Scientific Corporation provides a 46% thinner shaft and 17% tighter curve that are intended to reduce insertion force and leave the tape closer to the pubic bone.
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