The Vaginal Sling Market achieved a significant valuation of USD 2.11 billion in 2022, a figure projected to elevate to USD 3.22 billion by 2032, showcasing a notable revenue Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. The prime drivers propelling this growth are the escalating prevalence of Stress Urinary Incontinence (SUI) and Pelvic Organ Prolapse (POP) among women, the increasing elderly population, and heightened public awareness regarding the benefits of vaginal sling treatments.
Vaginal sling procedures play a pivotal role in assisting women in overcoming the challenges of SUI and POP, thereby enhancing their overall quality of life. The effectiveness and minimally invasive nature of these procedures contribute to their success and widespread adoption.
The imperative need for vaginal sling treatments is precipitated by the alarming rise in the prevalence of SUI and POP in females. According to the International Urogynecological Association, approximately 200 million women globally grapple with SUI. As the world's population ages, this number is anticipated to surge. Furthermore, the surge in market revenue is directly correlated with the expanding elderly population, who are more susceptible to SUI and POP. The United Nations predicts a significant rise in the population of individuals aged 65 and above, exceeding 1.5 billion by the year 2050.
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Key Players covered in this report are:
- American Medical Systems, Inc.
- Boston Scientific Corporation
- Cook Medical Inc.
- C. R. Bard, Inc.
- Medtronic plc
- Ethicon US LLC
- COLOPLAST
- Neomedic International
- Caldera Medical Inc.
- AUG Medical LLC
Strategic development:
In September 2021, Boston Scientific Corporation secured approval from the U.S. Food and Drug Administration (FDA) for Uphold™ Lite, its advanced mesh sling system. This innovative product introduces a lightweight and streamlined design, promising improved patient outcomes. The approval marks a significant step for Boston Scientific, enhancing their standing and offerings in the global vaginal sling market.
In June 2021, C.R. Bard, Inc., a subsidiary of Becton, Dickinson and Company, unveiled Align™, a next-generation transobturator sling system specifically designed to address stress urinary incontinence (SUI) in women. This product launch is strategically oriented towards broadening C.R. Bard's footprint in the global vaginal sling market, showcasing their commitment to advancing solutions in this sector.
In 2020, Medtronic plc made headlines with the acquisition of Digital Surgery, a UK-based company specializing in surgical artificial intelligence (AI) and digital education and training. This strategic acquisition was aimed at augmenting Medtronic's product portfolio within the global vaginal sling market, showcasing their dedication to incorporating advanced technologies for enhanced healthcare solutions.
Market Segmentation:
By Product Type Outlook
· Tension-Free Slings
· Mini-Slings
· Conventional Slings
By Material Type Outlook
· Biologic
· Synthetic
· Composite
By End-Use Outlook
· Hospitals
· Clinics
· Ambulatory Surgical Centers
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