Albany, NY, May 02, 2018 (GLOBE NEWSWIRE) -- The global hysteroscopes market is expected to garner a CAGR of 6.0% during the forecast period of 2017–2025 and is projected to reach a worth of US$3.55 billion by the end of this period.
Hysteroscopes Demand to ride on back of Considerable Patient Comfort they bring for treating Intrauterine Infections
The global hysteroscopes market is primarily driven by the intensifying need for minimally-invasive gynecological procedures and surgeries for diagnosing and treating various intrauterine infections among the worldwide patient population. Hysteroscopes are becoming the equipment of choice among clinicians for treating various dysfunctional bleeding, painful fibroids, and a variety of painful gynecological conditions. The wide acceptability of these procedures is accentuating the market’s growth. Several factors account for the popular applications of hysteroscopes such as higher patient comfort, increased convenience, and higher accuracy of the treatments.
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Over the past few years, hysteroscopy has emerged as the gold standard for surgical treatment of uterine intracavitary diseases. This is bolstering the uptake of hysteroscopes. Manufactures and medical device makers are focusing on the development of technologically-advanced products with better functionalities, using innovative components such as next-generation rod lens. The use of sapphire glass is another key advancement that has increased the durability of hysteroscopes. This has imparted unparalleled image quality leading to more reliable diagnosis of a wide variety of gynecological conditions in women.
Incorporation of Innovative Technologies make Hysteroscopes more Durable, Reliable, and Safer
The demand for hysteroscopes is catalyzed by the several advantages they have, which helps in reducing hospital stays, less post-operation complications, and accelerating recovery in patients. The growing awareness of these benefits is providing a robust underpinning to the demand.
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However, few procedural complications that may arise due to improper inserting hysteroscopes is a significant risk factor, hampering the growth of the market. The incorporation of better, easy-to-use technologies will promote easy and fast set-up and will help allay the aforementioned concern. Furthermore, constant efforts in product innovations will unlock promising prospects in the global market.
The various end users are grouped into ambulatory surgical centers, hospitals, and gynecology clinics. Of all the segments, hospitals accounted for the leading revenue in 2016 and is expected to retain its sway through 2025. This is attributed primarily to the affordability of treatments for various gynecological conditions in hospitals.
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Regionally, North America currently holds the leading position in the global market and is expected to hold its dominance, progressing at a CAGR of 6.1% during 2017–2025. The growth is broadly driven by the presence of a robust healthcare infrastructure.
The competitive landscape of the hysteroscopes market is marked by the presence by a few globally prominent players and some regional markets, finds Transparency Market Research (TMR). Numerous top players are engaging into co-development deals and entering into strategic collaborations, in order to consolidate their shares. Several players are combining cutting-edge HD camera technologies with equipment to impart striking resolution and clarity to the therapeutic and diagnostic hysteroscopy. TMR further notes that several discerning players are engaged in developing advanced hysteroscopes with semi-flexible telescope shafts and at lower cost, to get a better foothold in the market. Moreover, a number of prominent players are increasingly harping on competitive pricing to gain a stronghold.
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Some of the top global players are MedGyn Products, Inc., B. Braun Melsungen AG, Stryker Corporation, Olympus Corporation, and Medtronic plc. Companies holding a substantial stake in different regional markets include Optomic, COMEG Medical Technologies, Maxer Medizintechnik GmbH, KARL STORZ GmbH & Co. KG, LocaMed Limited, and WISAP Medical Technology GmbH.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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