Global Vaginal Sling Market Competitive Landscape, Top Opportunities, And Fastest Growing Regions
22 May, 2023
The global vaginal sling market is expected to grow from $1.31 billion in 2022 to $1.43 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vaginal sling market is expected to reach $1.97 billion in 2027 at a CAGR of 8.3%.
Global Vaginal Sling Market Key Driver
The growing female geriatric population is expected to propel the vaginal sling market forward. The female geriatric population is the elderly population. (65 years and beyond). Stress urinary incontinence (SUI) and other urinary incontinence, which is treated and controlled by vaginal slings, affect a growing portion of the female geriatric population. For instance, in October 2020, according to World Population Ageing 2020 Highlights, published by the United Nations, a US-based intergovernmental organization, 2020, women made up 55% of the world's population aged 65 or older. Currently, they make up 62% of people who are 80 or older. The percentage of elderly people in the world's population is predicted to rise from 9.3% in 2020 to 16.0% in 2050. Therefore, the growing female geriatric population is driving the growth of the vaginal sling market going forward.
Get a sample of the global vaginal sling market reportGlobal Vaginal Sling Market Segments
The global vaginal sling market 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
5) By Geography: The regions covered in the vaginal sling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global vaginal sling market.
Major Vaginal Sling Industry Players
Betatech Medical, Boston Scientific Corporation, Caldera Medical, Coloplast A/S, B. Braun Melsungen AG, Promedon GmbH, ABISS, Lotus Surgicals, American Medical Systems, Mpathy Medica, Dipromed Srl, UroCure, Cousin Biotech, Neomedic International, and Ethicon Inc.
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Vaginal Sling Market Overview
A vaginal sling is a mesh implant used to strengthen ligaments and connective tissue structures that aid in the management of urinary incontinence. The vaginal sling procedure is one treatment option for female stress urinary incontinence.
Vaginal Sling Global Market Report 2023 provides data on the global vaginal sling market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vaginal sling market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.