In a recent analysis by Future Market Insights (FMI), the global female pelvic implants industry is poised for exceptional expansion, projecting a robust Compound Annual Growth Rate (CAGR) of 2.8% over the forecasted period. The industry, anticipated to surge in value, is estimated to reach an impressive market worth of US$ 258.91 million by 2023, with a staggering projection to soar to US$ 341.26 million by 2033.
The forecasted growth highlights the evolving landscape and promising advancements within the female pelvic implants sector. With a steady upward trajectory, this industry’s expansion underscores innovation, technological advancements, and an increased focus on addressing critical healthcare needs for women globally.
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These projections signify a significant opportunity for stakeholders, innovators, and healthcare professionals invested in women’s health. The anticipated surge in market value not only reflects market potential but also underscores the growing demand for effective solutions and advancements in addressing pelvic health concerns among women worldwide.
“This remarkable growth trajectory indicates a pivotal moment for the global female pelvic implants industry,” stated Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “We foresee a landscape ripe with opportunities for forward-thinking innovators and healthcare advocates dedicated to enhancing women’s health and well-being.”
The projected expansion in market value aligns with a burgeoning demand for innovative solutions designed to address various pelvic health challenges faced by women across diverse demographics. These forecasts also spotlight a burgeoning interest in research and development endeavors aimed at creating advanced, effective, and patient-centric interventions.
As the industry gears up for this notable growth phase, stakeholders and industry players are encouraged to capitalize on this evolving landscape, fostering collaborations, innovation, and initiatives that propel advancements in female pelvic health.
Top Highlights from the FMI’s Analysis of the Female Pelvic Implants Market:
- Presently, the United States female pelvic implants industry holds more than 83% of North America market.
- In Europe region, the United Kingdom accounts for 13% of the regional market.
- India market registered sales exceeding 30% of South Asia.
- Australia’s market for female pelvic implants is projected to exhibit a 2.8% CAGR over the forecast period.
- The vaginal sling/ tapes are projected to expand at a CAGR of 2.5% over the forecast period.
- Scope of sale in hospitals is projected to expand at a CAGR of 2.2% in the following years.
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How are Leading Companies Striving Forward?
The competitive space in the market is governed by organic as well as inorganic expansion strategies. Many companies in the market are concentrating their efforts on product releases, approvals, and others like events and patents.
Inorganic growth-inducing activities include partnerships, acquisitions, and collaborations. Such activities have created a pathway for companies to increase their customers and business in the following years.
In November 2023, CurvaFix, Inc., a manufacturer of medical devices to treat fractures in curved bones, revealed the launch of the 7.5mm CurvaFix® IM Implant. The product is designed to ease the process of surgery and offer a stable, strong, and curved fixation in patients with small bones.
Key Players Working in the Market:
- Johnson & Johnson Services, Inc.
- Coloplast A/S
- Dipromed Srl
- Boston Scientific Corporation
- pfm medical ag
- Betatech Medical
- Promedon Group
- Caldera Medical
- Cook Medical
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Market Taxonomy by Category:
By Product Type:
- Vaginal Mesh Implants
- Vaginal Sling
- Vaginal Graft Implants
By Indication:
- Pelvic Organ Prolapse
- Stress Urinary Incontinence
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
By Region:
- North America
- Latin America
- China
- Western Europe
- Eastern Europe
- Asia Pacific
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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