Market Overview
As per this new industry analysis by Persistence Market Research, the Global Pessary Market was valued at US$ 304.1 million in 2021 and is projected to expand at a CAGR of 8.1% between 2022 and 2032. Cases of pelvic floor descent increase with age and after multiple pregnancies. This is mainly because a majority of women with prolapse do not seek medical care at an early stage.
For instance, in an Oxford family planning study, it was reported that the risk of POP increased by 4 times after the first vaginal delivery, 8 times after the second delivery, and 9 times after the third delivery as compared to nulliparous women. This indicates that the risk of POP is high after repeated vaginal childbirths. This, in turn, can impact the pessary market in a positive manner. The prevalence of urinary incontinence is high in women and older patients, which negatively impacts their quality of life. This is also a key driver for the growth of this market.
To meet the growing demand for pessaries, key market players are focusing on novel product development with enhanced efficacy that could fit as per the needs of patients.
Market Growth Factors:
Increasing Prevalence of Pelvic Floor Disorders:
The demand for pessaries is often linked to the prevalence of pelvic floor disorders, such as pelvic organ prolapse. As the population ages, there may be a higher incidence of these conditions, contributing to the growth of the pessary market.
Advancements in Pessary Design and Materials:
Technological advancements and innovations in the design and materials of pessaries can drive market growth. New materials that enhance comfort, durability, and efficacy may attract both patients and healthcare providers.
Growing Awareness and Education:
Increased awareness among healthcare professionals and patients about pelvic floor disorders and the available treatment options, including pessaries, can contribute to market growth.
In a nutshell, the Persistence Market Research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the report at -https://www.persistencemarketresearch.com/market-research/pessary-market.asp
Rising Healthcare Expenditure:
Generally, an increase in healthcare spending within a region or globally can positively impact the market for medical devices, including pessaries. This is because individuals may have better access to healthcare services and devices.
Aging Population:
The aging demographic often experiences an increased incidence of pelvic floor disorders. As the global population ages, there may be a corresponding rise in the demand for pessaries as a non-surgical treatment option.
Preference for Non-Surgical Treatment:
Some patients may prefer non-surgical interventions for pelvic floor disorders. Pessaries, being a non-invasive option, may gain popularity in such cases, contributing to market growth.
Regulatory Environment:
Favorable regulatory environments and approvals for new pessary products can stimulate market growth. Stringent regulations and product approvals ensure the safety and efficacy of these devices.
Patient Comfort and Compliance:
Improvements in the design of pessaries to enhance patient comfort and compliance can be a significant factor in market growth. Patient satisfaction often influences the adoption of medical devices.
Key Takeaways from Market Study
Market Restraints:
Market Competition
The market for pessaries is fragmented and there are several local, emerging, and established players within the market sphere. Leading market players have initiated promotional activities to introduce the design and engineering of novel pessaries with enhanced efficacy, shapes, and sizes customized as per the anatomy of patients.
Market Segmentation:
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By Indication:
By End User:
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COMTEX_448409799/2840/2024-02-27T01:05:46