gynecological-devices-market

Gynecological Devices Market By Device (Surgical Devices, Hand Instruments, Gynecological Chairs, Diagnostic Imaging Systems) - Growth, Share, Opportunities & Competitive Analysis, 2021 – 2029

13 Oct 2018 Format PDF icon PPT icon XLS icon Request Sample

Industry Outlook

Major companies engaged in healthcare market have understood a new paradigm to be in healthcare for women. Healthcare for women in itself presents a separate market with different needs, attitudes and preferences as against healthcare for men. Healthcare marketers understand that women are indispensable customers in the healthcare industry for reasons such as that they account for over 50% of all physician visits, and they are the primary decision makers in healthcare. For several years, it has been widely assumed that the occurrence of diseases in women was the same as for men. With increasing body of evidence, it is suggested that this is not the case.

Gynecological Devices Market

Introduction of novel devices that assist in enhancing the efficiency of diagnostic and surgical procedures and improving outcomes of diagnostic imaging devices are primarily driving the global gynecological devices market. Furthermore, increasing prevalence of gynecological diseases, and conditions respective to the reproductive system, gynecological cancers are growing the demand for corresponding treatments. Growing awareness regarding regular screening has also led to growth in diagnostic rates therefore increasing the demand for surgical procedures globally. Rising count of surgical procedures such as hysterectomies, endometrial ablation, sterilization and endoscopy is resulting in growing uptake of specialized surgical devices and hand instruments. Increasing demand for single-use products and frequent upgrading will further push the growth of global gynecological devices market. In contrast, stringent regulatory processes and rapid evolution of novel drug therapies and personalized may impede the growth of this market.

"Sustained Demand for Surgical Devices to Remain a Key Market Trend"

Based on the product types, the global gynecological devices market is segmented into surgical devices, hand instruments, gynecological chairs and diagnostic imaging systems. Surgical devices such as endoscopy devices, endometrial ablation devices, fluid management systems and sterilization and contraceptive devices dominated the global market in 2020 and will continue their lead throughout the forecast period. High usage of endoscopes and female contraceptives are the key factors supporting the dominance of this segment. In this segment, there has been a persistent need for durable and efficient surgical instruments due to the growth in the number of surgical procedures being performed.

Further technological advancement and introduction of novel devices providing efficient and treatment, while also reducing the surgery time, are other factors supporting the growth of this segment in the forecast period. Availability of advanced ablation technologies such as radiofrequency, hydrothermal and balloon ablation techniques, and introduction of multi-purpose devices such as modular scissors system will offer additional boost to the market growth.

Among the types of surgical devices, endoscopy devices occupy the largest share in the global market. Growing volume of minimally invasive surgical procedures such as laparoscopy, hysterectomy and colposcopy is urging the growth of this segment. Flexibility in device designs and improving treatment outcomes from these surgeries is also propelling the growth of this segment. Use of these devices in imaging of the internal organs is yet another feature that is supporting the dominance of endoscopy devices segment. As the market for gynecological endoscopy devices proliferates, the growth of fluid management systems segment will also progress correspondingly. Increasing awareness about implantable birth control devices that offer safe and long-term contraception will assist in gaining stability to the market. Among intrauterine devices, subdermal implants and vaginal rings, the intrauterine devices segment will drive the major revenue share through the forecast period.

"North America to Dominate the Global Market, Attributed to High Awareness and Better Reimbursements"

Currently, North America followed by Europe is the largest regional market for gynecological devices. Large prevalence of gynecological diseases and conditions in the region is due to greater numbers of screening programs being performed in the region, therefore leading to high diagnosis rate. Furthermore, factors such as high awareness in the general female population, and higher reimbursements are also driving the dominance of North America market. On the other hand, perpetual development of healthcare infrastructure in emerging markets of Asia Pacific will make the region to advance at the fastest growth rate. Increasing awareness due to growing number of screening programmes, entry of private insurance in the region is further attributed to the growth of Asia Pacific market. Realizing the untapped opportunities in the region, market players already having stronghold in North America and Europe, are gradually increasing their imprint in Asia Pacific market.

The report presents qualitative and quantitative information respective to the global gynecological devices industry. Market dynamics such as drivers and restraints are included in this study giving insights on the prevalent trends and pain points. Whereas the market opportunities demonstrated in the report gives idea about the prominent aspects of the market that can be harnessed by the present and emerging market players. The study also includes profiles of some key players engaged in this market. The profiling is done on the basis of key parameters such as business overview, product portfolio, financial status and news coverage. The prime market players profiled in this report are Boston Scientific Corporation, Hologic, Inc., Cooper Medical, Inc. (CooperSurgical Inc.), Johnson & Johnson (Ethicon, Inc.), Karl Storz GmbH & Co. KG, Medtronic plc, Olympus Corporation, Stryker Corporation, Richard Wolf GmbH, MedGyn Products, Inc., B. Braun Melsungen AG, Utah Medical Products, Inc. and Bayer AG (Conceptus).

Historical & Forecast Period

This study report represents 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 of 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 and 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. key data point that enables the estimation of Gynecological Devices 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 and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Gynecological Devices 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.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Device
  • Surgical Devices
    •     Gynecological Endoscopy Devices
      •         Colposcopes
      •         Hysteroscopes
      •         Laparoscopes
      •         Resectoscopes
      •         Endoscopic Imaging Systems
    •     Endometrial Ablation Devices
      •         Cryoablation Devices
      •         Hydrothermal Ablation Devices
      •         Radiofrequency Ablation Devices
      •         Balloon Ablation Devices
      •         Others (Microwave and Laser Ablation Devices)
    •     Fluid Management Systems
    •     Sterilization and Contraceptive Devices
      •         Intrauerine Devices
      •         Intravaginal Rings
      •         Subdermal Contracpeptive Implants
  • Hand Instruments
    •     Vaginal Speculum
    •     Biopsy Forceps
    •     Others (Trocars, Tenaculum, Curettes, etc.)
  • Gynecological Chairs
  • Diagnostic Imaging Systems
    •     Mammography Systems
    •     Ultrasound Systems

 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 Gynecological Devices market?
  • What are the key investment pockets with respect to 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 Gynecological Devices market?
  • Which is the largest regional market for Gynecological Devices 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 Gynecological Devices market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Gynecological Devices market worldwide?
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