Alarming rise in prevalence of urinary incontinence disease, advancements in R&D activities in the pharmaceutical industry for manufacturing of vaginal slings product, increase in female geriatric population, and advancement in technology in the healthcare sector are expected to notably contribute toward the growth of the global vaginal slings market during the forecast period
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According to a new report pulished by Allied Market Research, titled, “Vaginal Slings Market,” The vaginal slings market size was valued at $1.1 billion in 2020, and is estimated to reach $3.3 billion by 2030, growing at a CAGR of 12.4% from 2021 to 2030. Vaginal slings, also known as pubovaginal sling procedure is defined as a type of surgical procedure, which helps control stress urinary incontinence in women. Women suffering from severe urinary incontinence lose bladder control and are hence advised by the doctors to undergo vaginal sling surgeries for the treatment of urinary incontinence
The vaginal slings market share is segmented into type, end user, and region. On the basis of type, the market is segregated into conventional vaginal slings and advanced vaginal slings. The conventional vaginal slings segment dominated the market in 2020, and this trend is expected to continue during the vaginal slings market forecast period, owing to high utilization of biomaterials, autologous cells, and allogenic cells in the development of vaginal slings.
The COVID-19 outbreak is anticipated to have a negative impact on growth of the global vaginal slings market. The COVID-19 pandemic stressed healthcare systems globally. Surgical procedures are profoundly affected by the COVID-19 pandemic. A number of clinics and hospitals were restructured to increase hospital capacities for patients diagnosed with COVID-19. Implementation of lockdown, owing to the COVID-19 outbreak resulted in the decline in the number of elective surgeries performed globally.
Key Findings Of The Study
- By type, the conventional vaginal slings segment was the highest contributor to the market in 2020.
- On the basis of end user, the hospital segment dominated the market in 2020, and is expected to continue this trend during the forecast period.
- Region-wise, North America garnered the largest revenue share in 2020. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Key Market Segments
- By Type
- Conventional Vaginal Slings
- Advanced Vaginal Slings
- By End User
- Hospitals
- Clinics
- Others
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