The global urinary slings market generated revenues over USD 539 million in 2016 and is expected to surpass USD 873 billion by 2021, says Technavio.
Technavio has announced its current market research study on the global urinary slings market, under its lab equipment portfolio. This market report discourses the main drivers and key evolving trends and offers an examination of top vendors like C. R. Bard, Boston Scientific, American Medical Systems, and Coloplast.
According to Amber Chourasia, a lead analyst for lab equipment research at Technavio, “The increasing initiatives undertaken by various government bodies across the globe to promote medical tourism will fuel the growth of the urinary slings market. These initiatives relate to kidney diseases that require early diagnosis and treatment to resolve the condition is likely to boost the consumption of urinary incontinence products.”
The rising number of people traveling to different countries for medical treatment is a trend that will boost the consumption of medical products. Countries like Costa Rica, Mexico, Singapore, India, Taiwan, Israel, Malaysia, South Korea, Thailand, and Turkey are the most popular destinations for medical tourism in the world. These countries offer cost-effective treatment for cancer and other chronic diseases, including bladder disorders.
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Proliferation of strategic initiatives
The players are focusing on innovation and effectiveness of urinary sling products that will increase the sale of these products in the global market. Various vendors are entering into strategic alliances and investing in R&D for the innovation of new products.These partnerships will offer manufacturers a better financial stability to develop latest products with enhanced efficiency regarding safety and protection.
Improving reimbursement policies
Several countries are framing reimbursement policies for urinary sling procedures that will increase the adoption of these products in the global market. For instance, the US provide insurance cover for these products that is likely to create more demand for urinary slings as more people will be able to afford urinary sling surgeries. The government agencies across the globe are undertaking various reimbursement-related initiatives to promote the use of urinary slings and vaginal slings.
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This research report includes a detailed analysis and market shares and sizes of the sub-sectors and geography. An analysis of the top companies, including their market shares, business overview, key financials, etc. is offered in this study. This market study also enlists a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Urinary Slings Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Hospital-Acquired Urinary Tract Infection Testing Market 2016-2020
- Global Urinary Catheters Market 2016-2020
- Global Catheter Stabilization Device Market 2016-2020
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