Wilmington, Delaware, United States, March 06, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In the year 2022, the global vaginal slings industry was valued at US$ 1.8 billion, which is forecasted to grow by a CAGR of 4.6% from 2023 to 2031. The market is expected to reach US$ 2.7 billion by the end of the abovementioned period.
Urinary incontinence, which is more common among the geriatric population, could be resolved by the introduction of vaginal slings that act as a hammock supporting the bladder. Rising R&D developments and activities and increased prevalence of urinary incontinence are the major drivers that create a driving force for the vaginal slings market.
The significance of the problem is evident from the proportion of the population suffering from the medical condition. As far as the USA is concerned, about 9% of the population suffers from the issue, so it becomes crucial to address and resolve it. By the end of 2050, the total global population shall consist of about 16% of the aged people, aging above 65 years, among which the majority of women are likely to face the issue of lost bladder control.
Download Sample PDF of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48513
Women bearing at least one child are also more likely to fall prey to the said disorder, which becomes a matter of concern, as about 140 million babies are born worldwide each year. Consequently, more women are threatened with urinary incontinence.
Women with medical conditions like diabetes, high blood pressure, stroke, and so on are more likely to face urinary incontinence.
To strengthen the pelvic floor muscles, companies working within the market are manufacturing pelvic organ prolapse vaginal slings and e-stimulation devices. Also, the credit needs to be given to the urinary incontinence for the growth of the vaginal slings market.
Key Findings from the Market Report
- Hospitals are the largest end users of vaginal slings manufactured by the manufacturers. However, hospitals are not the only end users that use these products. On the other hand, there are several different end users, including ambulatory surgery centers, private clinics, and individual users.
- Tension-free vaginal tape (TVT) slings are widely used to reduce stress urinary incontinence. Consequently, the demand for TVT slings in surgery is greater. Furthermore, the success rate of TVT slings is as high as 80%.
- Transobturator Tape (TOT) slings are in great demand, as they impose very few risks or side effects after being pasted on a human body.
- Contrasting to the traditional surgery methods, Mini-slings/Single-incision slings reduce the number of cuts required to pierce the body to one, which helps surgeons ease the pain significantly, thereby the patient.
- North America is the market leader. The main reason behind this is rising cases in the USA and Canada, featuring about 9% of the total population.
- Europe is second in market capture, as the continent has significantly developed medical infrastructure.
- Regarding the number of patients suffering from urinary incontinence, Germany alone has about 6 to 8 million patients, whereas the UK has 3 to 6 million.
- Incontinence slings are highly researched to be introduced within the market along with bladder slings that help in comforting tissues around the infected area.
- For treating stress urinary incontinence, transvaginal slings are approved, which are introduced by Caldera Medical.
- LiNA Medical, USA, and UroCare have entered a strategic sales distribution partnership to address women's health issues.
Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48513
Competitive Landscape
Boston Scientific Corporation has been offering a diversified product portfolio, which includes devices that cure or assist in disorders related to the cardiac system. It also includes monitors, pacemakers, single-use scopes, and many more.
C. R. Bard Inc. offers products based on three major categories, including tools for guidance, access devices, and care and maintenance devices.
On the other hand, Promedon Group relies more on neurosurgery equipment, including surgical instruments and implants. Moreover, tools associated with endoscopy are also produced by the organization.
Key Players
- Boston Scientific Corporation
- C. R. Bard Inc.
- Coloplast
- Promedon Group
- M. I GmbH
- Ethicon Inc.
- Medtronic plc
- ABISS
- Betatech Medical
- Caldera Medical
Market Segmentation
Product Type
- Tension-free vaginal tape (TVT) slings
- Transobturator Tape (TOT) slings
- Mini-slings/Single-incision slings
Type of Urinary Incontinence
- Stress urinary incontinence
- Urge urinary incontinence
- Mixed urinary incontinence
End User
- Hospital
- Ambulatory surgery centers
- Gynecology clinics
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Order a Copy of this Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=48513<ype=S
Go through further research published by Transparency Market Research:
Liquid Biopsy Market - The global liquid biopsy market is estimated to flourish at a CAGR of 8.8% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for liquid biopsy is estimated to reach US$ 7.7 billion by the end of 2031.
Diagnostic Imaging Market - The global diagnostic imaging market was estimated to have acquired US$ 17.1 billion in 2022. It is anticipated to register a 4.7% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 25.7 billion.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
