Market Trends of Vaginal Slings Industry
This section covers the major market trends shaping the Vaginal Slings Market according to our research experts:
Transobturator Slings is Expected to Dominate the Vaginal Slings Market
Transobturator slings are expected to dominate the vaginal slings market due to their decreased risk of bladder injury, bowel injury, and major blood vessel injury, ease of the procedure, and efficacy equivalent to tension-free vaginal tape slings. For instance, according to an article published in Pubmed in November 2021, single-incision mini-slings are a safe and effective treatment for female urodynamic stress incontinence. The Solyx single-incision slings demonstrated superiority over the MiniArc in this study based on their higher objective cure rate and lower risk for surgical failure. Thus, the advantages of transobturator slings will boost market growth in the future.
Apart from the benefits of the slings, other factors that boost segment growth are the increasing prevalence of urinary incontinence in women and the increasing geriatric population, which is more susceptible to these symptoms. For instance, according to an article published in BMC Geriatric in May 2022, urinary incontinence in older adult women is about 37.2% worldwide. The highest prevalence of urinary incontinence was reported in older adult women in Asia, at 45.1%. As a result, rising prevalence will favor market growth in the coming years.
Thus, the increasing prevalence of urinary incontinence in women and the increasing demand for minimally invasive procedures are propelling segment growth.
North America is Expected to Dominate the Vaginal Slings Market
North America is expected to dominate the overall vaginal sling market throughout the forecast period. The largest share is mainly due to the presence of a larger patient pool and an increasing geriatric population. For instance, according to an article published in the NIH in June 2021, bothersome stress, urgency, and mixed incontinence were reported by 6.7%, 4.8%, and 19.3% of women, respectively, and by 0.6%, 3.5%, and 1.9% of men, respectively. Among chronic conditions, heart failure was associated with a higher prevalence of mixed incontinence in women and urgency incontinence in men. Thus, a higher prevalence of diseases will favor the growth of the market in the future.
Furthermore, well-established insurance policies and the availability of advanced healthcare infrastructure are a few of the other factors boosting the market in this region. In 2021, the Biden Administration launched $500 million in funds from the American Rescue Act with the objective of helping rural hospitals and supporting the renovation and construction of rural healthcare facilities. Developments such as these, along with the gradual increase in demand for minimally invasive surgery in United States hospitals, are also likely to propel the overall market dynamics in the upcoming years.
Therefore, the presence of a larger patient pool, well-established insurance policies, and an increasing geriatric population are expected to boost the growth of the studied market in the North American region.
