Global Pelvic Organ Prolapse Repair Market is expected to grow at a CAGR of 3.9% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Pelvic Organ Prolapse Repair Market by Product Type (Vaginal Mesh and Vaginal Pessary), Treatment Type (Surgical and Non-surgical), Applications, End-users, Region and Global Forecast 2020-2027.
The global pelvic organ prolapse repair market is expected to grow from USD 513.67 million in 2019 to USD 724.80 million by 2027, at a CAGR of 3.9% during the forecast period 2020-2027. North America is the dominant segment. The factors which led to the market growth are the rising occurrence of pelvic organ prolapse cases, increased awareness about woman’s health and presence of a large number of manufacturers in the region. Moreover, an increase in demand of pelvic rings is also an essential factor contributing to the market growth. However, Asia-Pacific is expected to register a remarkable growth rate due to the presence of an increasing aged population.
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Key players in the pelvic organ prolapse repair are Boston Scientific, Cook Medical, Bard Medical, Ethicon, Thomas Medical, Endo, MedGyn, Integra LifeSciences, Coloplast, Personal Medical Corp and others. Invuity launched PhotonGuide Adapt in 2018, which consists of compatible retractors and flexible illuminators for pelvic organ prolapse surgery.
The product type segment includes vaginal mesh and vaginal pessary. Vaginal pessary is expected to dominate the market segment. Vaginal mesh causes bleeding, which is why vaginal pessary is preferred by the majority of the patient. Also, increasing demand for pessary products is another factor contributing to the market growth. The treatment type segment includes surgical and non-surgical. Among the two, surgical treatment is proven to be more effective than the non-surgical treatment. The conservative treatments are not as efficient as they do not provide complete relaxation from the situation. The application segment includes cystocele, rectocele, enterocele, uterine prolapse and others. Out of these, cystocele is expected to grow at a lucrative rate. The increase in geriatric population is an essential reason for the growth of the market. The end-users segment includes hospitals, clinics, ambulatory surgery centres, nursing homes and others. Hospitals holds the largest market share. Hospitals have different health providers. These are gynaecologists, urologist, urogynecologists, etc. They have expertise in pelvic organ prolapse repair.
Pelvic organ prolapse is a common disease among women. It is caused by increased pressure on the abdomen. Some situations like pregnancy, obesity, constipation, respiratory problem, etc. are responsible for the pressure. Also, it sometimes happens genetically. This disorder can be treated. The treatment is dependent on certain factors like symptom, age of the patient and type of prolapse. The driving factors for the market growth are the increase in geriatric female population, rise in number of cases, rising awareness among women concerning their health and technological advancements in repair devices. Further, pelvic organ prolapse occurs more in the elderly population which results in the growing demand of the repair. The market players have also contributed to the growth factor vastly. The innovative advancements in products have increased the applicability as well as acceptability in the market. The sole focus of the manufacturers is on the safety and efficiency of the repair devices.
About the report:
The global pelvic organ prolapse repair market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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