NEW YORK, May 03, 2019 (GLOBE NEWSWIRE) -- Global vaginal sling market is likely to augment from USD 1,823.0 million in 2018, and is expected to reach USD 2,586.0 million by 2025, witnessing a CAGR of 5.1% during the forecast period. Increasing incidence of stress urinary incontinence in women along with increasing demand for less invasive treatments are key factors driving the market.
Moreover, growing number of urology procedures, aging population and growing obesity population across the globe, and technological advancements in the vaginal slings are further propelling the market growth. However, complications associated with the vaginal sling surgeries and availability of substitutes may hamper the market growth to some extent.
Key findings of the report:
- The global vaginal sling market is expected to reach USD 2,586.0 million in 2025, at a CAGR of 5.1% during 2019-2025
- Based on urinary incontinence, the stress segment held the major share of the global market in 2018
- Geographically, North America held the major share of the global market in 2018. However, Asia-Pacific region is expected to register highest CAGR over the forecast period
- Some of the key companies operating in the market include Promedon; C. R. Bard, Inc.; A.M.I. GmbH; Boston Scientific Corporation; Betatech Medical; Coloplast Corp; and Caldera Medical; among others
Prevalence of stress urinary incontinence driving the vaginal sling market
Stress urinary incontinence is a common problem especially among older women worldwide, and affects more than 30% of menopausal women. Stress urinary incontinence can have a significant negative impact on the quality of life. Incontinence occurs when bladder leaks urine during physical activities or exertion. Vaginal sling procedures, since their introduction have achieved good success rates. In this procedure, sling is placed under the urethra to provide the required support along with providing the pressure to keep the urethra open and closed.
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Global Vaginal Slings Market– Regional insight
North America held the major share of the global market owing to technological advancements and growing demand for minimally invasive surgeries. Moreover, growing awareness among people and presence of major medical device companies are further expected to fuel the market growth in the region. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period, due to increasing prevalence of stress urinary incontinence and growing investment by major players in the region.
This report segments global vaginal sling market based on product type, urinary incontinence, materials, end-user and geography.
By Product Type
- Transobturator Tape (TOT) Slings
- Tension-Free Vaginal Tape (TVT) Slings
- Mini-Slings/Single Incision Slings
By Urinary Incontinence
- Urge
- Stress
- Mixed
By Materials
- Synthetic Slings
- Tissue Slings
By End-user
- Gynecology Clinics
- Hospitals
- Ambulatory Surgical Centers
By Geography
- North America
- Europe
- Asia-Pacific
- Central & South America
- Middle East and Africa
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