February 22, 2021 Transparency Market Research Publications
Transparency Market Research (TMR) has released a new report, titled « Vaginal Slings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026 ». According to the report, the global vaginal slings market was valued at US $ 1,676.0 million in 2017. From 2018 to 2026 an annual growth rate of 4.8% is forecast. The increasing emphasis on minimally invasive procedures, the increase in the geriatric population, and increased awareness of urinary incontinence treatment are some factors that are likely to drive the vaginal sling market from 2018 to 2026.
The increasing demand for minimally invasive surgery / devices to minimize surgical complications and the increasing demand for improved product outcomes and efficiency have led to the development of innovative products and technologies to meet the unmet needs of patients and surgeons. Companies have invested heavily in R&D activities to develop new products and technologies, product designs and materials to improve the overall efficiency and results of the product.
In addition, favorable medical reimbursement policies for incontinence treatment devices in developed countries such as the US, Australia, New Zealand, UK and Germany have enabled most incontinence-affected patients to choose effective treatments with quality products. These reimbursement policies have significantly increased the revenues of leading global players in the international market.
The report provides a detailed segmentation of the global Vaginal Slings Market by product type, urinary incontinence type, end user and region. With respect to the product, the transobturator sling (TOT) segment is expected to hold a high proportion in the treatment of urinary incontinence due to minor bladder injury, smaller incision, increasing prevalence of urinary incontinence, and promising results from sling surgery.The hospitals segment is expected to have a leading market share by the end of 2026. The segment is also likely to expand rapidly in the forecast period. Hospitals are equipped with all equipment and consumables required for sling surgery. In addition, it is estimated that the availability of qualified specialists and the ability to handle multiple processes at the same time determine the segment in the forecast period.
North America had a large share of sales in the global market and is expected to maintain its position in the forecast period. North America has several key players in the market, including Boston Scientific Corporation, C. R. Bard, Inc., and Ethicon Inc., which are headquartered in the United States and have significant sales there. North America is therefore a leading market for vaginal slings.
In addition, a high level of awareness of the latest health technologies and increased purchasing power are expected to fuel the vaginal sling market in North America. Favorable reimbursement policies in the area also enable patients to access the best healthcare facilities. The Asia Pacific vaginal sling market is expected to grow rapidly, largely due to improvements in healthcare infrastructure, increasing private and public investment in life science research, and technological advances in countries like China and India.
Europe will North America is expected to follow in terms of market share and revenue in the forecast period. The development of health infrastructure in Europe has helped patients undergoing vaginal slings meet their expenses. Most healthcare providers in countries like Germany, UK and France fully or partially cover the cost of treatment, medication, medical expenses and testing depending on the patient’s insurance plan and income.
The report also includes profiles of leading players in the global market for Vaginal loops. Key players include Promedon Group, A.M.I. GmbH, Ethicon, Inc. Medtronic plc, ABISS, Betatech Medical and Caldera Medical.
Transparency Market Research is a global market research company that provides global business intelligence reports and services. Our exclusive mix of quantitative forecast and trend analysis offers several decision-makers forward-looking insights. Our experienced team of analysts, researchers and consultants uses proprietary data sources as well as various tools and techniques to collect and analyze information.
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