Global Tension-free Vaginal Tape (TVT) Market Will Expand Business And Have Robust Growth By 2026 End

  • 20 Jun 2019

Global Tension-free Vaginal Tape (TVT) Market is poised to register a CAGR of 4.2% during the forecast period 2019 to 2026. 

Tension-free vaginal tapes are highly relevant in today's world. It is a surgery to help women control stress urinary incontinence conditions. The procedure is safe with minimal actual surgical action as well as quick, usually taking an hour at maximum for completion. This disorder is characterised by urine leakages that occur at unlikely times and normal circumstances such as when while laughing, sneezing, coughing or exercising. The surgery helps rectify that and thus close the urethra and bladder neck.  The urethra is the tube that carries urine from the bladder excretes it outside. The bladder neck is the part of the bladder which connects to the urethra. There are few surgery methods that are available which include mini urethral sling surgery, retropubic method, transobturator method, and single incision mini method.

The increase in such surgeries have occurred due to an increase in disorders and stress urinary condition prevalence in women. These stress urinary incontinence conditions might cause intra-abdominal pressure and urine loss during physical treatment as well. This thus requires efficient, quick and effective surgical methods to control and fix the urine loss and tension-free virginal tapes is the most preferred way to do so. Additionally, as healthcare sectors are more focused on minimising physiological risks as well as the cost of the treatment further has led to the robust growth of the market. The market has experienced a rapid advancement of technologies due to the development of the efficient and safe implementation of stress urinary incontinence. Healthcare has always brought about huge expenditure and thus both private and public sectors are uniting to find modern and cost-effective technologies for this disorder.

The growing awareness about the disorder and also knowledge of the advantages of TVT’s compared to their counterparts and inclination towards minimal surgical action. The Urinary incontinence disorder is fairly common and frequently ignored and thus left un-diagnosed on a global scale, that still affects millions. Since the occurrences are rising due to ill health conditions in the global population further increases the scope of the market in the foreseeable future.

Tension-free Vaginal Tapes (TVT) Market: Restraints
+ Lack of Awareness
+ General Reluctance to Undergo Surgery
+ Late Diagnosis or Ignorance 

Tension-free Vaginal Tapes (TVT) Market Segmentation
By Implant Type

+ Refractive Tension-free Vaginal Tapes (TVT)
+ Corneal Reshaping implant
+ Small Aperture Tension-free Vaginal Tapes (TVT)s

By End User
+ Hospital
+ Clinic
Given the severity and increasing occurrence in such a disorder and the number of cases, the public wants to ensure safe surgeries from trusted sources. Thus commonly to have the guarantee of quality, private hospitals and clinics are preferred. Given the rise in the number of patients, both segments are expected to garner business.

By Region
+ North America
+ Latin America
+ Europe
+ Asia Pacific
+ Rest of the World

Developed nations of North America and Europe garnered the leading share of the global TVT market in 2017. The increasing patient population and the presence of established service providing companies in these regions help expand reach. The market in the Asia Pacific is projected to expand, in the forecast period, at an exponential growth rate. This is due to the rapidly improving health care facilities in developing countries such as India, China, South Korea, and Malaysia. China dominated the global market in the Asia Pacific, while the market in India is anticipated to further grow significantly in the future. Increase in investments by leading firms in the market and healthcare providers is expected to further enhance trade globally. The market of Latin America and Middle East & Africa also are estimated to provide lucrative trade options.

Competitive Landscape:  
+ Tier 1 players- Established companies in the market with a major market share
+ Tier 2 players- Emerging players which are growing rapidly 
+ New Entrants  
Prominent players operating in the global vaginal slings market include Boston Scientific Corporation, C. R. Bard, Inc., Coloplast, Promedon Group, A.M.I. GmbH, Ethicon, Inc. Medtronic plc, ABISS, Betatech Medical, and Caldera Medica

FutureWise Key Takeaways 
+ Growth prospects
+ SWOT analysis 
+ Key trends 
+ Key data-points affecting market growth 

Objectives of the Study: 
+ To provide with an exhaustive analysis on the global Tension-free Vaginal Tapes (TVT) Market by Implant Type, by End-User, and by Region
+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market 
+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies


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