Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Gynecological Devices Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
Global Gynecological Devices Market Forecast to Hit $18.48 Billion by 2028, Driven by Technological Innovation and Aging Population Needs
This report offers invaluable insights into the industry's dynamic landscape. The comprehensive study showcases a market on the cusp of rapid expansion, with projections highlighting an ascent from $12.44 billion in 2023 to $18.48 billion by 2028. This impressive growth trajectory, boasting a compound annual growth rate (CAGR) of 8.2%, underscores the burgeoning demand for women's healthcare solutions and the pivotal role of technological advancements.
The Evolving Market Landscape
The industry is undergoing a transformative shift, characterized by a slew of factors that include the rise of robotic surgery, the advent of artificial intelligence in diagnostics, and a continuous push towards minimally invasive procedures. With a spotlight on technological innovations such as Samsung's Hera W10 Elite, the report emphasizes how companies are leveraging advanced features to cater to the specialized needs of obstetrics and gynecology.
Impact of Demographic Shifts
The aging population is another key driver bolstering the need for gynecological devices. Elderly women require specific reproductive healthcare services, which has escalated the use of devices such as tissue extraction systems and diagnostic imaging. This trend aligns with the World Health Organization's findings that one in six individuals will be aged 60 or older by 2030, creating a substantial market for gynecological care.
Regional Market Insights
North America has maintained its position as the dominant force in the market, while Asia-Pacific is poised to experience the fastest growth. An array of geographic regions are examined in the report, offering a panoramic view of the industry that caters to stakeholders across the globe.
Devices Catalyzing Change
The report categorizes the gynecological devices into various segments, including surgical devices, diagnostic imaging systems, and hand-held instruments, each playing a part in a wide array of procedures like laparoscopy and colposcopy. These applications span across multiple healthcare settings, evidencing the market's extensiveness and adaptability.
Key Market Participants
The publication provides a curated list of major companies paving the way in the gynecological devices sector. From Medtronic plc to Hologic Inc., the landscape is rich with players that are not only driving growth but also championing innovation, as depicted by Hologic's strategic acquisition of Bolder Surgical.
Advancements and Applications Redefining the Market:
- Increased focus on R&D across the industry, enhancing product efficacy and safety
- Emergence of patient-centric healthcare approaches
- Growth in ambulatory surgical centers adapting to minimally invasive trends
- Widespread application in healthcare facilities, from clinics to research institutes
As the report unfolds, it brings forth a meticulous analysis of the current state of the market and forecasts the impending developments that will shape the future of gynecological care. With its emphasis on data-driven insights, this research constitutes an essential tool for industry professionals, investors, and policymakers.
The insights offered paint a comprehensive picture of an industry on the brink of transformative change, spotlighting the market forces, innovations, and regional dynamics that will chart the course for the future of gynecological device solutions worldwide.
A selection of companies mentioned in this report includes:
- Medtronic plc
- CooperSurgical Inc.
- Richard Wolf GmbH
- Hologic Inc.
- Boston Scientific Corporation
- Stryker Corporation
- Karl Storz SE & Co. KG
- Ethicon Inc.
- MedGyn Products Inc.
- General Electric Company
- Fresenius Medical Care AG & Co. KGaA
- Gynex Corporation
- Bayer AG
- Gynemed Medizinprodukte GmbH & Co. KG
- Meril Life Sciences Pvt. Ltd.
- Siemens AG
- Cook Group Inc.
- B. Braun Melsungen AG
- Siemens Healthineers AG
- Smith & Nephew plc
- Steris Corporation
- TransEnterix Inc.
- Endologix Inc.
- Abbott Laboratories
- Fujifilm Holdings Corporation
- Koninklijke Philips N.V.
- Medline Industries Inc.
- Mindray Medical International Limited
- Olympus Medical Systems Corporation
- Cardinal Health Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ptbuzm
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