Vaginal Slings Market is predicted to grow at a CAGR of 14.5 percent from 2017 to 2023
The global vaginal slings market was valued at $628 million in 2016, and is predicted to grow at a CAGR of 14.5 percent from 2017 to 2023, to $1,626 million. Vaginal slings are primarily used to treat stress urinary incontinence as well as diseases that cause anatomical incontinence. Stress urinary incontinence (SUI) has a significant impact on quality of life and accounts for a significant portion of healthcare spending. Urinary incontinence affects about 75% to 80% of women, making it twice as frequent in women as it is in males.
This increases the demand for vaginal slings that can help with the effective treatment of urine incontinence. The rise in the incidence of stress urinary incontinence among women, as well as the increase in the female elderly population sensitive to urinary incontinence, are two other significant drivers driving the growth of the vaginal slings market. Certain elements, such as post-operative difficulties linked with vaginal sling surgeries and a lack of understanding about vaginal sling procedures, nevertheless, hamper the market growth.
Type Segment Review
The market for vaginal slings is separated into two types: traditional vaginal slings and advanced vaginal slings. In 2016, the traditional vaginal slings segment earned the most revenue, and this trend is expected to continue during the projection period. Advanced vaginal slings, on the other hand, have shown significant growth from 2017 to 2023. This can be linked to manufacturers' increased interest in developing vaginal mesh goods and vaginal micro slings to treat urine incontinence.
End-User Segment Review
The global vaginal slings market is divided into hospitals, clinics, and others based on the end-user. Clinics ranked second in the global vaginal slings market in 2016, with a market share of 30%, and is expected to maintain that position throughout the forecast period. Because of the rising prevalence of vaginal sling procedures conducted in ambulatory surgery centers and gynecological centers, other end users grew at the quickest pace from 2017 to 2023.
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