Global Urinary Slings Market Forecast and Overview Until 2021: Technavio

Technavio has published a new report on the global urinary slings market from 2017-2021. (Photo: Business Wire)

LONDON--()--The global urinary slings market size is projected to grow to USD 873.9 million by 2021, at a CAGR of just above 10% over the forecast period, according to Technavio’s latest report.

In this report, Technavio covers the market outlook and growth prospects of the global urinary slings market for 2017-2021. By product type, the market is divided into vaginal slings and male slings segments.

A urinary sling is a medical device inserted through a surgical procedure to curb the problem of urinary incontinence by controlling the urine flow. Vaginal slings are by far the most popular product in the market, generating over 83% of the overall revenue. The segment will continue growing over the forecast period, at a CAGR of 10.4%.

Technavio’s research study segments the global urinary slings market into the following regions:

  • Americas
  • EMEA
  • APAC

Americas: largest urinary slings market segment

The Americas is the largest regional segment of the urinary slings market, generating over 42% of the overall revenue. The high number of baby boomers, high consumption rate, and high disposable incomes drive the growth of the market segment,” says Amber Chourasia, one of the lead analysts at Technavio for lab equipment research.

There is an increase in urinary sling requirement in the region due to rise in incidences of medical conditions requiring the use of these products, coupled with their ease of use and high disposable income among consumers.

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EMEA: European countries drive demand for urinary slings

The majority of the demand for urinary slings from EMEA originates from the developed European countries where a large percentage of the population is aged above 55. Conditions such as diabetes, multiple sclerosis, and nephrological disorders drive the demand for urinary slings. Germany, France, Spain and the UK are the largest contributors to the market from the region. The market is also progressing in South Africa and MEA, where vendors are catering to the unmet demand by increasing product awareness through strategic initiatives.

APAC: fastest-growing urinary slings market segment

APAC will be the fastest growing regional segment, showcasing a CAGR of 11.4% over the forecast period. The fast growth can be attributed to the presence of several countries such as India and China, which create a large demand for urinary incontinence products like urinary slings,” says Amber.

Japan, Philippines, and Indonesia are other major contributors to the market from the region, owing to an increased availability of such products and the benefits that they offer. The increasing awareness among people, coupled with the rise in disposable incomes allows individuals facing bladder problems to cater to their hospital needs and other aids, thereby driving market growth.

The top vendors in the global urinary slings market highlighted in the report are:

  • C. R. Bard
  • Boston Scientific
  • American Medical Systems
  • Coloplast

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

The global urinary slings market size is projected to grow to USD 873.9 million by 2021, at a CAGR of just above 10% over the forecast period, according to Technavio’s latest report.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com