Gynecological devices market

Gynecological Devices Market, by Device Type (Surgical Device (Gynecological Endoscopy Devices (Hysteroscope, Colposcope , Resectoscope, Laparoscope and Endoscopic imaging systems)), (Endometrial Ablation Devices (Hydrothermal ablation devices, Radiofrequency ablation devices, Balloon ablation devices and Others (cryotherapy, microwave, and laser)), Fluid Management Systems, Female Sterilization/Contraceptive Devices (Permanent and Temporary (IUD, Intravaginal Rings, and Subdermal Contraceptives Implants))), Hand Instrument (Vaginal Speculum (Disposable and Reusable), Tenaculum, Curettes, Trocars, and Biopsy forceps (Disposable, and Reusable), and Others), and Gynecological Chairs (Fixed-Height Chairs and Adjustable-Height Chairs), by End User (Hospitals, Surgical Centers and Diagnostics Lab and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis 2019 - 2027

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Sep 2019
CMI152
185 Pages
Excel & Pdf
Medical Devices

Summary

Gynecological devices are used for treatment of pre-cancerous conditions of the cervix, cysts, genital warts, endometriosis and fibroid tumor disease. Lasers and energy-based devices are used for treatment of obstetric and gynecological conditions. The endometrial ablation devices are used to remove unnecessarily grown body tissue. Digital imaging systems include MRI scans, ultrasound scan, CT scan, mammography, and others.

Moreover, gynecological examination chairs makes conditional screening less cumbersome for the gynecologist. Such innovative devices have augmented the gynecological devices market growth. Growing incidence of gynecological conditions such vaginitis, endometriosis, and uterine fibroids are expected to generate demand for gynecological devices in hospitals and surgical centers. Cervical cancer is one of the most prevalent conditions among women worldwide.

The gynecological devices market size was valued at US$ 8,864 million in 2018 and is expected to witness a CAGR of 8.0% over the forecast period (2019 – 2027).

Global Gynecological Devices Market (%) Analysis, By Surgical Device Type, 2019

Source: Coherent Market Insights Analysis (2019)

Growing gynecological procedures and disorders are expected to drive growth of the Gynecological Devices Market

According to the Endometriosis UK, 10% of the female population was affected by endometriosis in 2016. Moreover, Pelvic Inflammatory Disease (PID) is the second most common and serious complication among women in the U.S. For instance, according to American College of Obstetricians and Gynecologists 2019 report, PID is diagnosed in more than 1 million women each year in the U.S. Furthermore, it increases the risk of cervical cancer, uterine fibroids, and vaginitis. Surgeries are essential in complex gynecological indications. As a result of increasing number of critical and complex surgical procedures, demand for advance gynecological devices is expected to increase during the forecast period.

Global Gynecological Devices Market - Restraints

Stringent rules and regulations associated with approval of products is expected to hamper growth of the global gynecological devices market over the forecast period. For instance, in 2018, energy based device radiofrequency or laser that have received FDA clearance for general gynecologic indications, but not limited to, the destruction of abnormal or pre-cancerous cervical or vaginal tissue and condylomas (genital warts).

Global Gynecological Devices Market - Regional Insights

On the basis of region, the global gynecological devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global gynecological devices market during the forecast period, owing to rising prevalence of sexually transmitted diseases in the U.S. For instance, according to the Centre for Disease Control and Prevention (CDC) 2017, around 45% of the patients in the U.S. with Chlamydia, a sexually transmitted disease, were in the age group of 20 and 24, in 2016.

The market in Asia Pacific is expected to gain momentum during the forecast period, owing to increasing initiatives by regional governments towards gynecological disorders. For instance, Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA) initiated by the Ministry of Health and Family Welfare of India in 2016 is focused on reduction of maternal and infant mortality rates through safe pregnancies and deliveries. This programme supports around 30million pregnant women across the India by providing special, free antenatal care. The main aim of the programme is to detect and prevent high-risk pregnancies.

Global Gynecological Devices Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027

Source: Coherent Market Insights Analysis (2019)

Global Gynecological Devices Market - Competitive Landscape

Key players operating in the gynecological devices market include Ethicon, Inc., Hologic, Inc., MedGyn Product Inc., Stryker Corporation, Cooper Surgical, Inc., Karl Storz GmbH& Co. KG, Boston Scientific Corporation, Richard Wolf GmbH, Medtronic, and Olympus Corporation.

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*Browse 27 market data tables and 29 figures on "Gynecological Devices Market” - Global forecast to 2027”

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- Frequently Asked Questions -

What are the growth estimates for gynecological devices market till 2027?

The global gynecological devices market is estimated to surpass US$ 16,413.5 Million by 2027.

Which are the prominent gynecological devices market players across the globe?

Major players operating in the global gynecological devices market include Ethicon, Inc., Hologic, Inc., MedGyn Product Inc., Stryker Corporation, Cooper Surgical, Inc., Karl Storz GmbH& Co. KG, Boston Scientific Corporation, Richard Wolf GmbH, Medtronic, and Olympus Corporation.

Which segment based on device type, accounted for the highest demand in the gynecological devices market?

Among device type, gynecological endoscopy devices sub-segment is expected to account for a major revenue share in 2027.

What are the key factors driving growth of the gynecological devices market?

Rising incidence of gynecological conditions such as vaginitis, endometriosis, and uterine fibroids is one of the major factors that is expected to propel growth of the market over the forecast period

What is the Compound Annual Growth Rate (CAGR) of the gynecological devices market for next 8 years?

The global gynecological devices market is estimated to exhibit a CAGR of 8.0% during the forecast period.

Which region is dominating the gynecological devices market growth?

Among regions, North America is expected to hold dominant position in the global gynecological devices market during the forecast period.