Overview of the global vaginal slings market
The rise in chronic diseases such as diabetes and neurological diseases such as multiple sclerosis and Parkinson's disease has led to the rise in the incidence of urinary incontinence among women. Research analysis on the global vaginal slings market identifies that this rising occurrence of urinary incontinence will be one of the major factors that will have a positive impact on the market's growth. This increases the adoption of urinary incontinence products such as vaginal slings. Technavio's market research analysts predict that this market will grow at a CAGR of more than 10% by 2021.
The introduction of reimbursement policies for vaginal sling procedures is one the major trendsa rhat will gain tractio in this market during the forecast period. The presence of favorable reimbursement policies reduces the economic burden. To enable several people afford vaginal sling surgeries, the US already provides cover for these products under an insurance scheme. With the rise in number of reimbursement initiatives by governments across the globem the demand for urinary incontinence products such as vaginal slings will subsequently increase in the coming years.
Competitive landscape and key vendors
The market has the presence of several regional and international players and is highly competitive. Product pricing, availability, brand, and variety are some of the major factors the vendors in the market compete on. To sustain the competition and to increase their market shares, the vendors have the need to expand their geographical presence and revive the domestic demand.
The leading vendors in the market are -
- C. R. Bard
- Boston Scientific
- Coloplast
- Ethicon
The other prominent vendors in the market are Betatech Medical, Caldera Medical, Cook Medical, Covidien (Medtronic), and ProSurg
Segmentation by application and analysis of the vaginal slings market
During 2016, the hospitals segment accounted for the major shares of this market. Owing to the availability of sufficient infrastructure, hospitals provide a wide range of vaginal sling procedures. Additionally, they also establish effective relations with suppliers, which in turn, will help them procure products at discounted rates.
Geographical segmentation and analysis of the vaginal slings market
The Americas will contribute to the major revenue share of the vagial slings market during the next four years. Factors such as the rise in aging population, the increasing incidence of urinary incontinence, and the growing awareness among the general population, will fuel the market's growth prospects in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global vaginal slings market?
- What are the key market trends impacting the growth of the global vaginal slings market?
- What are the challenges to market growth?
- Who are the key vendors in the global vaginal slings market?
- What are the market opportunities and threats faced by the vendors in the global vaginal slings market?
- 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 vaginal slings market?
Technavio also offers customization on reports based on specific client requirement.
Vaginal sling procedures are types of surgeries which use slings to help women affected by urinary incontinence to control the condition. The upcoming report on the global vaginal slings market comprise an essential part of Technavio's new research areas portfolio and offers data and information on the health and wellness sector. The report contains detailed competitive landscape, vendor analysis, review of emerging trends, and key drivers.
The upcoming report on the global vaginal slings market gathers information on various parameters such as awareness of the procedure, customer perceptions, and latest technologies, by using primary and secondary research tools. The clients benefit with the research report by understanding the market landscape through research tools such as expert interview, industry journals, and statistical analysis.
The report on the global vaginal slings market also provides segregated data and insights as per different segmentation criteria such as segmentation by geography, product type, and technologies. Boston Scientific, Betatech, and Coloplast are some of the vendors operating in this market space. The rise in the incidence and reporting of urinary incontinence is believed to result in the demand for vaginal slings.
The upcoming research report on the global vaginal slings market also focuses on emerging trends, key drivers, new medical procedures, emerging trends, key vendors, and challenges faced by the industry. The report also covers insights from related sectors in new research areas market such as lab equipment.
Our market research methodology for the global vaginal slings market
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.