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According to the urinary slings market overview, the global urinary slings market is anticipated to grow at a steady rate and will post a CAGR of more than 10% during the forecast period. The rising medical tourism initiatives on a global level will drive the growth prospects for the global urinary slings market until the end of 2021. It has been observed that governments around the world are increasingly taking medical tourism initiatives in the healthcare sector focusing key treatment areas such as cancer, cardiovascular, and bladder disorders. Also, medical tourism available for chronic diseases such as kidney diseases that require early diagnosis and treatment will boost the consumption of urinary incontinence products like urinary slings. Costa Rica, Mexico, Singapore, India, Taiwan, Israel, Malaysia, South Korea, Thailand, and Turkey are some of the countries that are popular for medical tourism initiatives offering cost-effective treatment for cancer and other chronic diseases including bladder disorders. Moreover, APAC is the region that has the highest number of countries with medical tourism initiatives in countries such as India and China.
The increasing number of improvements in the reimbursement policies will drive the growth prospects for the global urinary slings market for the next four years. The availability of reimbursement policies for urinary sling procedures will make the urinary sling surgeries affordable and increase the demand for urinary slings as it reduces the financial burden on individuals.
The global urinary slings market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as price, availability, brand, and variety. Furthermore, according to the industry research report, these vendors are increasingly focusing on product precision, product pricing, and product reliability and versatility. In addition, the number of players in the market also depends on market conditions, government support, and industry development.
Key vendors in this market are -
Other prominent vendors in the market include Caldera Medical, Cook Medical, Ethicon US, ProSurg, Sofradim, and Cogentix Medical.
Based on the urinary slings industry analysis, the vaginal slings segment accounted for the majority market share during 2016 and will continue to dominate the urinary slings market for the next four years. One of the major factors responsible for the market segment’s growth is the urinary incontinence that occurs at different phases of lives among women. Urinary incontinence is attributable to overactive bladder muscles, weak bladder muscles, and nerve damage, which is prominent among women during pregnancy, childbirth, and menopause.
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the growing demand for incontinence care products such as urinary slings is the increasing life expectancy of people and the rising number of aging baby boomer population in the Americas.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
Tags: urinary incontinence products, vaginal slings, laboratory equipment suppliers, lab equipment, urinary slings top companies, lab equipment industry segment,
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