Mid-Urethral Sling Market is predicted to reach USD 2.03 billion at a CAGR of 5.93% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Mid-Urethral Sling Market”.

mid-urethral sling market is estimated to register a CAGR of 5.93% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global mid-urethral sling market— Boston Scientific Corporation (US), Coloplast Corp (Denmark), MEDI TECH DEVICES PVT LTD (India), Promedon S.A (Argentina), CALDERA MEDICAL (US), A.M.I. GmbH (Austria), Johnson & Johnson Services, Inc (US), Betatech Medical (Turkey), UroCure (US), Global Medi Innovations (India), Bıçakcılar (Türkiye), Advin Health Care (India), Lotus Surgicals (India), Biorad Medisys Pvt Ltd (India), and Genev (India).

Analyst Comment:

The market for mid-urethral slings is anticipated to expand steadily over the next few years, but challenges still need to be overcome to guarantee that patients can use these devices safely and conveniently. For companies in this sector to meet these obstacles and maintain their competitiveness in a market that is changing quickly, they will have to keep spending money on research and development.

Market Highlights

The global mid-urethral sling market is accounted for to register a CAGR of 5.93% during the forecast period and is estimated to reach USD 2.03 billion by 2032.

The increasing number of geriatric people is one of the primary factors driving the growth of the mid-urethral slings market. Due to variables such as age-related bladder control difficulties, neurological diseases, and other medical concerns that might influence bladder control, the senior population is more prone to urine incontinence. According to Eurostat, more than one-fifth (21.2%) of Europe's population is over the age of 65, and this figure is expected to rise by 32.5% by 2050. Thus, the rise in the prevalence of urine incontinence among the senior population has resulted in an increase in demand for mid-urethral slings, which is the primary driver driving the market's growth in the future.

The rising prevalence of urinary incontinence and the increasing geriatric population are propelling market growth. However, complications and risks due to the procedure are expected to hamper the growth of the global market. Nevertheless, the increasing prevalence of chronic diseases is projected to create lucrative opportunities for market players.

Segment Analysis

The global mid-urethral sling market has been segmented based on product type, indication, end user, and region.

On the basis of product type, the market is segmented into Tension-free Vaginal Tape (TVT) Slings and Transobturator (TOT) Slings. The Tension-free Vaginal Tape (TVT) Slings segment was attributed to holding the largest market share of over 66.36% in 2022 revenue as estimated by MRFR analysts. This is due to the rising demand for effective and long-lasting treatment options and the rising aging population, along with an increasing number of women seeking treatment for urinary incontinence.

Further, we estimate that the market segment would continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses continuous innovations and movements in terms of new products and service launches.

On the basis of the indication, the market is segmented into Stress Urinary Incontinence (SUI) and Mixed Urinary Incontinence (MUI).  Further, Stress Urinary Incontinence (SUI) is segmented into Type I, Type II, and Type III. The Stress Urinary Incontinence (SUI) segment is projected to have the largest market share during the forecast period. This is due to rising female prevalence, the availability of advanced techniques and technologies, and technological innovations in surgical techniques, materials, and instruments to improve the safety and efficiency of SUI treatment options.

On the basis of the end user, the market is segmented into hospitals and clinics, ambulatory surgical centers, and others. The hospitals and clinics segment is projected to have the largest market share during the forecast period. This is due to the rising prevalence of urinary incontinence, particularly among the elderly, and the availability of comprehensive medical resources, including skilled medical professionals, advanced surgical equipment, and support services.

Access full report @ https://www.marketresearchfuture.com/reports/mid-urethral-sling-market-18841

Regional Analysis

The global mid-urethral sling market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe mid-urethral sling market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The mid-urethral sling market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the world’s mid-urethral sling market comprises of Middle East, Africa, and Latin America.

the high adoption of technologically advanced products and the growing incidence of chronic diseases such as stroke and diabetes are expected to foster North America’s market growth.

Moreover, the Europe market has been persistently increasing favorable government support, to the growing geriatric population.

Additionally, market factors, such as the growing geriatric population in countries such as China, Japan, and India, and the rapid increment in the healthcare infrastructure in the Asia-Pacific region and are driving the region’s growth.

Furthermore, the rest of the world's patient portal market is divided into the Middle East, Africa, and Latin America. The major factors driving the growth of the mid-urethral sling market in the region are the increasing number of both stress and mixed urinary incontinence cases, and rising awareness about the mid-urethral sling minimally invasive surgeries.

Key Findings of the Study

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  The global mid-urethral sling market is expected to reach USD 2.03 billion by 2032, at a CAGR of 5.93% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market, owing to the increasing number of cesarean deliveries, and increasing incidence of obesity and diabetes in the Asia-Pacific region.

  
  


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  Based on product type, the Tension-free Vaginal Tape (TVT) Slings segment was attributed to holding the largest market in 2022, with an approximate market share of around 66.36%.

  
  


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  Boston Scientific Corporation (US), Coloplast Corp (Denmark), MEDI TECH DEVICES PVT LTD (India), Promedon S.A (Argentina), CALDERA MEDICAL (US), A.M.I. GmbH (Austria), Johnson & Johnson Services, Inc (US), Betatech Medical (Turkey), UroCure (US), Global Medi Innovations (India), Bıçakcılar (Türkiye), Advin Health Care (India), Lotus Surgicals (India), Biorad Medisys Pvt Ltd (India), and Genev (India) are the key market players.