According to FutureWise analysis the market for surgical sphincteroplasty in 2023 is US$ 1.74 billion, and is expected to reach US$ 3.13 billion by 2031 at a CAGR of 7.60%.
The market is driven by the rising prevalence of Anal Incontinence (AI), cost-effectiveness of sphincteroplasty, and increasing incidence of obstetric injuries following childbirth. Anal Incontinence is a chronic condition affecting one in three individuals, according to the National Institute of Diabetes and Digestive and Kidney Diseases. Moreover, studies suggest that AI affects almost 15% of women in the community and half of those living in nursing homes. Age, obstetric trauma, pelvic surgery, chronic diarrhea, obesity, and other medical conditions like diabetes and stroke increase the risk of Al. The growing prevalence of anal incontinency , increasing frequency of obstetric injuries following childbirth, and growth in innovative techniques to treat AI are boosting the market's growth. A number of market leaders are also developing noninvasive surgical techniques for treating AI more effectively. Such initiatives should boost the market's growth. Due to the COVID-19 pandemic, the healthcare system dealt with a lot of challenges, such as reduced viral outbreaks, cancellation of elective and interventional procedures, and most chronic pain treatments that were deemed non-urgent. AI is more common in women due to the partial anterior disruption of both the internal and external sphincters caused by prolonged vaginal delivery. In such cases, repairing the sphincters is the most effective treatment. Treatment options include Gluteoplasty, Stimulated Graciloplasty, and Sphincteroplasty. There are other non-surgical treatments available, such as stimulation of the sacral nerve with Tibial Nerve Stimulation and InterSIM, use of biocompatible bulking agents, such as Solesta, vaginal balloon inserts, and artificial bowel sphincters. Women and geriatric patients are mostly interested in Sphincteroplasty as it has high success rates, is cost-efficient, and reduces the need for re-surgery.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Surgical Sphincteroplasty Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Surgical Sphincteroplasty Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.