Vaginal Slings Market Size, Share, Industry Trends and Forecast to 2030

Vaginal Slings Market Size & CAGR in 2021:

The global vaginal slings market is estimated to have a market size of USD 489.26 million in 2021, with a Compound Annual Growth Rate (CAGR) of 6.8%. The market is projected to reach USD 732.11 million by the year 2028.

COVID-19 Impact on the Vaginal Slings Market:

The COVID-19 pandemic has had a significant impact on the vaginal slings market. The disruption caused by the pandemic led to delays in elective procedures, including surgeries for incontinence and pelvic organ prolapse. This, in turn, resulted in a temporary decline in the demand for vaginal slings. However, as healthcare systems have adapted to the new normal and patients have started seeking treatment again, the market is expected to witness a gradual recovery.

Vaginal Slings Dynamics:

The vaginal slings market is driven by factors such as the increasing prevalence of urinary incontinence and pelvic organ prolapse, rising awareness about treatment options, technological advancements in sling materials, and the growing aging population. On the other hand, challenges such as regulatory concerns, complications associated with sling procedures, and the availability of alternative treatment options may hinder market growth.

Segments and Related Analysis:

The vaginal slings market can be segmented based on product type, material, application, end-user, and region. Product types include tension-free vaginal tape (TVT), transobturator tape (TOT), mini-slings, and others. Materials used for vaginal slings include synthetic mesh, biologic materials, and absorbable materials. Applications of vaginal slings include stress urinary incontinence and pelvic organ prolapse. End-users of vaginal slings are hospitals, ambulatory surgical centers, and clinics.

By Region Analysis:

The vaginal slings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the high prevalence of urinary incontinence, advanced healthcare infrastructure, and the presence of key market players. Europe and Asia Pacific are also projected to witness significant growth in the vaginal slings market, driven by increasing awareness about women's health issues and rising healthcare expenditure.

Key Market Players and Competitive Landscape:

Key players in the vaginal slings market include Boston Scientific Corporation, Ethicon Inc. (Johnson & Johnson), Medtronic plc, Coloplast A/S, C.R. Bard Inc. (Becton, Dickinson and Company), American Medical Systems (Endo International plc), Cook Medical Inc., Neomedic International, and others. These companies are focusing on product innovations, strategic partnerships, and mergers & acquisitions to strengthen their market presence.

Recent Happenings in the Vaginal Slings Market:

- In April 2022, Boston Scientific Corporation launched a new synthetic mesh sling for the treatment of stress urinary incontinence. - In May 2021, Medtronic plc announced the acquisition of an innovative technology company specializing in pelvic health solutions. - In September 2020, Coloplast A/S introduced a new biologic material-based vaginal sling for pelvic organ prolapse treatment. - In October 2019, Ethicon Inc. collaborated with leading healthcare providers to conduct clinical trials for an advanced transobturator tape (TOT) design.