Latest Study on “Pessary Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.
The global Pessary market size is expected to be worth around US$540.1 Million by 2027, according to a new report by nova one advisor.
The global Pessary market size was valued at US$ 230.8 Million in 2020 and is anticipated to grow at a CAGR of xx% during forecast period 2021 to 2027.
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|Report Scope||Report Scope|
|Market Size||USD 540.1 Million by 2027|
|Growth Rate||CAGR of 9.7% From 2021 to 2027|
|Forecast Period||2021 to 2027|
|Historic Data||2017 to 2020|
|Report coverage||Growth Factors, Revenue Status, Competitive Landscape, and Future Trends|
|Segments Covered||Type, end-use and region|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||CooperSurgical Inc.; Bliss GVS Pharma; MedGyn; Panpac Medical Corporation; Bioteque America; Personal Medical Corporation; Dr. Arabin GmbH & Co. KG; Integra Lifesciences; Wallach Surgical Devices|
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The global Pessary market demand for pessaries has been witnessed in recent years as compared to the surgeries performed for pelvic organ prolapse. Easy and convenient application has largely favored the growing usage of pessaries among patients.
Vaginal pessaries have a high success rate and minimal complication rate for the treatment of both incontinence and prolapse. When successfully fitted, they are associated with high patient satisfaction.
Sedentary lifestyles and lifestyle-associated diseases are also expected to contribute to market growth. The increasing prevalence of diseases such as urinary inconsistency, pelvic organ prolapse and the rising number of geriatric population is fueling the demand for vaginal pessaries.
The market for vaginal pessary is competitive. The most notable participants in the market are CooperSurgical, Biotique America, and MedGyn. Key players are involved in new product launches, acquisitions, and partnerships to gain a competitive edge over each other. For instance, CooperSurgical, based in the United States, invented the Milex Pessary Fitting Kit. The kit is designed for physicians and doctors who can use it to determine the exact size of the patient and prescribe the pessary accordingly. The introduction of these detailed analyses marks a significant shift in focus in the field of female healthcare around the world, which is propelling the market forward.
Pessary Market Report Highlights
- In terms of type, the ring pessary segment dominated the market in 2020, since the device is easy to insert and remove
- The hospitals segment held the largest revenue share in 2020, as they are the primary point of care for treatment, furthermore, hospitals are known to offer superior care to their patients, and treatment at these centers are generally reimbursed, which drives adoption
- The clinic segment is predicted to witness the fastest growth rate over the forecast timeframe due to the increasing number of patient visits and advanced infrastructure in clinics
- North America dominated the market in 2020 due to the increasing R&D spending, rising demand for medication development, strong governmental efforts, and current projects
- Asia Pacific is expected to register the fastest growth rate owing to numerous untapped growth opportunities in diagnostics and ever-increasing prevalence of pelvic organ prolapse
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North America dominated the market and accounted for the largest revenue share of 42.1% in 2020. The market has a high impact due to factors such as an aging female population, lifestyle changes that cause hormonal disruptions, the rising prevalence of pelvic organ prolapse, and increased health awareness. According to the US Department of Health and Human Services, 3.8 million women in the US have experienced pelvic organ prolapse, this number is expected to rise to 5.1 million by 2050 due to a probable link with aging.
In Asia Pacific, the market for pessary is expected to witness exponential growth over the forecast period. The regional market’s fastest growth rate is expected to be linked to emerging economies, an aging population, and increased healthcare awareness. The geriatric population is more vulnerable to urinary inconsistency and POP, providing a large target market in the area, with Japan, China, and India being the primary regional providers. Increasing medical tourism is another important element driving the market in the region.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analyzed and prime business strategies and products that offer high revenue generation capacities were indentified. Key players of the global Pessary market are included as given below:
Some of the prominent players in the Pessary market include:
CooperSurgical Inc.; Bliss GVS Pharma; MedGyn; Panpac Medical Corporation; Bioteque America; Personal Medical Corporation; Dr. Arabin GmbH & Co. KG; Integra Lifesciences; Wallach Surgical Devices
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- Type Outlook
- End-use Outlook
- Ambulatory Surgical Centres
Why should you invest in this report?
If you are aiming to enter the global Pessary market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Pessary are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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