Wilmington, Delaware, United States, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The revenue of gynecological devices market is forecasted to reach a value of US$ 25,267.43 Mn by 2027, according to a research by Transparency Market Research (TMR). In addition, the review report finds that gynecological devices market is expected to grow at a CAGR of 3.8% during the forecast period, from 2019 to 2027.
The understanding pertaining to different gynecological disorders and available treatment options is being increasing in several developed and developing nations globally, note analysts of a TMR assessment on the gynecological devices market. Moreover, there has been increase in the healthcare expenditure of several nations worldwide. These factors are expected to help in the growth of the market, notes a TMR study that sheds light on varied important aspects including the fastest growing market for gynecological devices market.
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Companies in the global gynecological devices market are using various strategies such as new product launches, regulatory approvals, and acquisitions in order to expand their businesses. Moreover, players are focusing on the incorporation of technological advancements in their products. Such initiatives are expected to drive the growth in the global gynecological devices market during the forecast period, states a TMR assessment.
Gynecological Devices Market: Key Findings
- The prevalence of different gynecologic disorders such as vaginal itching, pelvic pain, vaginal discharge, breast pain and lumps, and abnormal vaginal bleeding is being rising among the global female population. Moreover, there has been a surge in the cases of sexually transmitted disease (STD) such as pelvic inflammatory disease in the recent years. Such factors are likely to lead to revenue-generation avenues in the gynecological devices market during the forecast period.
- The cases of different types of cancers such as endometrium caner and ovarian cancer are being rising among women across the globe. In addition, a rise in the prevalence of disorder requiring surgical intervention is driving the demand for different gynecology devices, states a TMR study that delivers important data on the recent developments in the gynecological devices market.
- Major patient population around the world is increasing inclination toward minimally invasive surgical procedures such as endoscopy, laparoscopy, and minimally invasive hysterectomies in the recent period. Hence, the demand for varied gynecological devices such as electric morcellator surgical devices is being increasing in the healthcare industry. These factors, in turn, are driving the sales growth in the global gynecological devices market.
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Gynecological Devices Market: Growth Boosters
- Increase in the prevalence of varied gynecological disorders globally is leading to largest opportunity for gynecological devices market expansion
- Surge in the adoption of minimally invasive therapies is expected to fuel the business opportunities in the market
Gynecological Devices Market: Growth Restraints
Companies in the gynecological devices market are required to pass stringent documentation and compliance requirements in order to gain approval for their devices. Since, this process is time consuming and critical, the delays in the product approvals are leading to increase in the development costs for device manufacturers. Such factors may lead to hampered growth of gynecology devices market during the forecast period, according to the analysts of a TMR study.
Gynecological Devices Market: Key Players
Some of the key players profiled in the report are:
- Medtronic plc
- Boston Scientific Corporation
- Stryker Corporation
- Johnson & Johnson Services (Ethicon, Inc.)
- Olympus Corporation
- Merck & Co, Inc.
- Hologic, Inc.
- Cooper Surgical, Inc.
- Karl Storz Gmbh & Co. KG
- Richard Wolf Gmbh
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Gynecological Devices Market Segmentation
Type
- Surgical Devices
- Endoscopy Devices
- Hysteroscopes
- Colposcopes
- Resectoscopes
- Laparoscopes
- Endoscopic Imaging Systems
- Endometrial Ablation Devices
- Hydrothermal EADs
- Radiofrequency EADs
- Balloon EADs
- Other EADs
- Fluid Management Systems
- Female Sterilization And Contraceptive Devices
- Permanent Birth Control Devices
- Temporary Birth Control Devices
- Endoscopy Devices
- Hand Instruments
- Vaginal Speculum
- Tenaculum
- Curettes
- Trocars
- Biopsy Forceps
- Others
- Diagnostic Imaging Systems
- Ultrasound
- Mammography
- Gynecological Chairs
- Fixed-Height Chairs
- Adjustable-Height Chairs
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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