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.
Competitive landscape and key vendors
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 -
C. R. Bard
American Medical Systems
Other prominent vendors in the market include Caldera Medical, Cook Medical, Ethicon US, ProSurg, Sofradim, and Cogentix Medical.
Segmentation by product and analysis of the urinary slings market
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.
Segmentation by geography and analysis of the urinary slings market
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.
Key questions answered in the report include
What will the urinary slings market size and growth rate be in 2021?
What are the key factors driving the global urinary slings market?
What are the key market trends impacting the growth of the global urinary slings market?
What are the challenges to market growth?
Who are the key vendors in the global urinary slings market?
What are the market opportunities and threats faced by the vendors in the global urinary slings market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global urinary slings market?
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