Surgical Sphincteroplasty Market Size, Share & Trends Analysis Report 2021 - 2028

 Surgical Sphincteroplasty Industry Overview

The global surgical sphincteroplasty market size is expected to reach USD 2.67 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.6% from 2021 to 2028. Sphincteroplasty is a low-cost surgery as compared to other treatments anal incontinence. Factors such as low maintenance surgical tools and a 98.0% success ratio of sphincteroplasty have improved its adoption among surgeons.

The growing prevalence of anal incontinency (AI), increasing frequency of obstetric injury after childbirth, rise in innovative techniques to treat AI, and growing clinical studies are the key contributing factors propelling the growth of the market. Presence of fewer market players makes this a less competitive market. However, to strengthen their market position they are constantly involved in adopting developmental strategies like collaboration and acquisition with other market players.

Market leaders are also developing newer noninvasive surgical techniques for treating AI more effectively. Such initiatives are said to boost their market presence, fueling market growth. As a result of the COVID-19 pandemic, the healthcare system dealt with a lot of difficulties, such as the reduced impact of virus outbreaks, cancellation of elective and interventional surgeries, and most chronic pain therapies that were considered non-urgent. The market, however, is projected to be back on track and grow more effectively, by mid-2022.


Surgical Sphincteroplasty Market Segmentation

Grand View Research has segmented the global surgical sphincteroplasty market based on type and region:

Based on the Type, the market is segmented into Surgical (sphincteroplasty), and Non-Surgical.

  • The surgical (sphincteroplasty) segment accounted for the largest revenue share of 28.1% in 2020. Sphincteroplasty is the most popular surgical treatment for anal incontinence. It is highly adopted among care providers as it requires minimal surgical tools eventually reducing the cost of surgery. Sphincteroplasty is further divided into direct apposition sphincteroplasty and overlapping sphincteroplasty. 
  • The non-surgical segment is estimated to witness the highest CAGR of 6.9% during the forecast period, owing to its growing adoption among the geriatric population and the ability to quickly regain anal sphincter control upon administration. It is further divided into sacral nerve stimulation, vaginal balloon inserts, and other treatment such as artificial bowel sphincter and solesta.



Key Companies & Market Share Insights

An increase in clinical developments to design innovative products is creating promising opportunities in the market for surgical sphincteroplasty. Due to the presence of fewer market players offering surgical technologies to treat anal incontinence, it is said to be a low competitive market. However, development strategies like collaboration and acquisition undertaken by larger market players are said to boost the market growth. For instance, in October 2021, Laborie Medical Technologies acquired Pevalon’s non-surgical segment Eclipse. The segment is responsible for marketing its largest grossing product, vaginal inserts, to treat incontinence among women. Some of the prominent players in the surgical sphincteroplasty market include:

  • Medtronic
  • Hill-Rom Services, Inc.
  • McKesson
  • Braun
  • Becton, Dickinson and Company
  • Novo Surgical, Inc.
  • Surgical Holdings
  • Pelvalon
  • Salix Pharmaceutical Inc.
  • Johnson & Johnson

 

Order a free sample PDF of the Surgical Sphincteroplasty Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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