PUBLISHER: Acute Market Reports | PRODUCT CODE: 1510315
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1510315
The pessary market refers to the global industry focused on the development, production, and distribution of pessaries, which are medical devices inserted into the vagina to support its structure. Pessaries are primarily used to treat pelvic organ prolapse and urinary incontinence, conditions commonly experienced by women due to childbirth, menopause, or aging. These devices come in various shapes and sizes, tailored to accommodate different anatomies and specific medical needs. The pessary market is estimated to grow at a CAGR of 4.5% from 2024 to 2032.
The rising prevalence of pelvic organ prolapse and stress urinary incontinence among the aging female population is a key factor driving the demand for pessaries. These conditions can significantly impact the quality of life, making effective and non-invasive treatments like pessaries crucial. Additionally, the preference for non-surgical treatment options among older women and those seeking alternatives to surgery contributes to the market's growth. The development of more advanced, comfortable, and user-friendly pessary designs further supports this trend.The market also reflects the growing awareness and emphasis on women's health issues globally. With increasing healthcare access and the destigmatization of conditions like urinary incontinence and pelvic organ prolapse, more women are seeking medical help, thereby expanding the potential user base for pessaries. However, the market's growth is tempered by factors such as the lack of awareness in certain regions and the underdiagnosis of pelvic floor disorders. Overall, the pessary market plays a significant role in addressing a key aspect of women's health, offering non-surgical solutions to enhance the quality of life for many.
Aging Female Population and Increasing Incidence of Pelvic Floor Disorders
A significant driver for the pessary market is the aging female population and the increasing incidence of pelvic floor disorders such as pelvic organ prolapse (POP) and urinary incontinence. The aging process often leads to the weakening of pelvic floor muscles, resulting in these conditions. With the global population of women aged 60 and above rising steadily, the prevalence of pelvic floor disorders is also increasing. This demographic shift is documented in various global health studies, which show a direct correlation between aging and the heightened risk of pelvic floor disorders. The demand for pessaries is further driven by their non-invasive nature, making them a preferred choice for many women who are either not candidates for surgical intervention or choose to avoid surgery. This trend is evident in the growing number of pessaries being prescribed by gynecologists and urogynecologists, reflecting a broader shift towards less invasive treatments in women's health care.
Innovation and Product Development
An opportunity within the pessary market lies in innovation and product development. There's a growing demand for more comfortable, user-friendly, and effective pessary designs. The opportunity is to create products that not only alleviate the symptoms of pelvic floor disorders but also enhance the user experience, thereby encouraging more women to opt for this treatment. Advancements in materials science could lead to the development of pessaries with better biocompatibility and durability, reducing the risk of irritation and infection. Additionally, there's potential for creating adjustable or customizable pessaries, catering to the unique anatomical requirements of each user. The focus on innovation in design and materials is expected to drive market growth, meeting both the clinical and personal needs of women with pelvic floor disorders.
Lack of Awareness and Social Stigma
A significant restraint in the pessary market is the lack of awareness and social stigma associated with pelvic floor disorders. Many women are either unaware of the non-surgical treatment options available or are hesitant to seek treatment due to the stigma surrounding conditions like urinary incontinence and pelvic organ prolapse. This lack of awareness and social stigma is more pronounced in certain regions and cultures, where discussing such health issues is taboo. The challenge for the market is to increase awareness about pelvic floor disorders and the availability of non-invasive treatments like pessaries. Public health campaigns, educational initiatives by healthcare providers, and destigmatization efforts could play a crucial role in addressing this restraint.
Adherence to Treatment and Maintenance
A challenge in the pessary market is ensuring adherence to treatment and maintenance of the device. Pessaries require regular cleaning and occasional replacement, which can be a challenge for some users, especially the elderly or those with limited mobility or dexterity. There's also a risk of complications such as infection or erosion if the pessary is not properly maintained. Educating users on the correct use and care of pessaries is crucial. The development of pessaries that are easier to maintain, or services that assist in their management, could help in overcoming this challenge, ensuring effective and safe long-term use of the device.
Market Segmentation by Type
In the market segmentation by type, the pessary market shows varied growth and revenue trends across different pessary types. The Ring pessary holds the highest share in terms of revenue. Its popularity stems from its ease of use, suitability for a broad range of pelvic organ prolapse (POP) cases, and comfort for the user. The ring pessary is often the first choice for healthcare providers due to its versatility and effectiveness in managing mild to moderate POP. On the other hand, the Gellhorn pessary is witnessing the highest Compound Annual Growth Rate (CAGR). This can be attributed to its effectiveness in more severe cases of POP, where a more robust support is needed. The Gellhorn's unique design, which is suitable for more advanced prolapse, is driving its increased adoption. Donut pessaries and other types, such as cube and shelf pessaries, also contribute to the market, each catering to specific types of prolapse and user preferences, but they do not match the revenue or growth rate of the Ring and Gellhorn types.
Market Segmentation by End-Use
Regarding market segmentation by End-Use (Hospitals, Ambulatory Surgical Centers, Clinics), hospitals constitute the largest segment in terms of revenue. This is largely due to the comprehensive care they offer, including diagnosis, fitting, and follow-up for pessary users. Hospitals are typically the first point of contact for women seeking treatment for pelvic floor disorders, leading to a higher volume of pessary fittings and management. Ambulatory Surgical Centers (ASCs) are experiencing a significant growth rate, attributed to the rising preference for outpatient care, where procedures like pessary fittings can be done efficiently and cost-effectively. ASCs offer a convenient and less intensive care setting, which is becoming increasingly preferred by patients and healthcare providers alike. Clinics, particularly those specializing in women's health and urogynecology, also play a vital role in the market. They often provide personalized care and are key in managing long-term treatment for patients using pessaries. The choice of end-use setting varies based on the healthcare infrastructure, patient preference, and the nature of the pelvic floor disorder being treated.
Regional Insights
In the geographic segmentation of the pessary market, varied trends are evident across different regions, with North America historically leading in terms of revenue. This prominence in the North American market is attributed to the high level of awareness about pelvic floor disorders, advanced healthcare infrastructure, and the presence of key market players in the region. The availability of various types of pessaries and a well-established healthcare system have contributed to the significant market share in revenue. On the other hand, the Asia-Pacific region has exhibited the highest Compound Annual Growth Rate (CAGR). This rapid growth is driven by the increasing awareness of women's health issues, rising healthcare expenditure, and growing aging population in countries like China and India. The Asia-Pacific market is also benefiting from the improving healthcare infrastructure and the rising middle-class population, which is more inclined towards seeking treatment for health issues like pelvic organ prolapse and urinary incontinence.
Competitive Landscape
In 2023, the competitive landscape of the pessary market was marked by the presence of key players such as CooperSurgical, MedGyn Products, Inc., Integra LifeSciences, Panpac Medical Corp, Personal Medical Corp, Bliss GVS Pharma, Panpac Medical Corporation, Bioteque America, Dr. Arabin GmbH & Co. KG, Integra LifeSciences, and Wallach Surgical Devices. These companies dominated the market with their diverse product portfolios, strong distribution networks, and extensive research and development activities. Their strategies largely focused on product innovation, expanding their global footprint, and engaging in strategic partnerships and acquisitions to strengthen their market position. For the forecast period of 2024 to 2032, these companies are expected to continue their emphasis on innovation, particularly in developing more user-friendly and effective pessary designs. The market is also anticipated to witness a rise in collaborations and partnerships, as companies seek to expand into emerging markets and leverage new technologies to improve product efficacy. Additionally, with the increasing focus on women's health, new entrants, especially from regions with high growth potential, are expected to join the market. These dynamics are set to drive competition and innovation in the pessary market, addressing the evolving needs of the global female population.
Historical & Forecast Period
This study report represents an analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Pessary market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users & consumption volume, price, and value.
Geographical revenues generated by countries considered in the report
Micro and macro environment factors that are currently influencing the Pessary market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.
Market Segmentation
Type
End-Use
Region Segment (2022-2032; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Pessary market?
What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2032.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Pessary market?
Which is the largest regional market for Pessary market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Pessary market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Pessary market worldwide?
FIG. 9Market Positioning of Key Pessary Market Players, 2023
FIG. 10Global Pessary Market - Tier Analysis - Percentage of Revenues by Tier Level, 2023 Versus 2032