Pune, India, Feb. 10, 2023 (GLOBE NEWSWIRE) -- As per Fortune Business Insights, the gynecological devices market is poised for growth in the coming years, driven by the increasing incidence of gynecological conditions and the growth of healthcare infrastructure. The rising number of cases of conditions such as cervical cancer, ovarian cancer, and uterine fibroids is driving demand for medical devices to diagnose and treat these conditions, contributing to the growth of the gynecological devices market.
- For instance, as per the statistics by World Health organization, in 2020, around 604,000 new cases of cervical cancer were registered, making it fourth most common type of cancer in women globally.
- According to the National Center for Health Statistics, in the U.S., cesarean deliveries accounted for 31.8% of the total deliveries in 2020 when compared with vaginal deliveries.
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Industry Development-
- In September 2022, Olympus Corporation announced the launch of the Guardenia Contained Extraction System by expanding its product portfolio for gynecological procedures.
- In July 2022, GenWork announced its partnership with Medtronic to improve the treatment procedures for inauterine disorders.
Report Scope:
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historical Data | 2019-2021 |
| Segments | Device Type, End User and Geography |
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Growth Driving Factors of Gynecological Devices Market
- The World Health Organization (WHO) reported that in 2020, there were around 604,000 new cases of cervical cancer globally, making it the fourth most common type of cancer among women. The increasing adoption of various gynecological procedures, such as contraception and laparoscopy, is expected to drive the demand for gynecological devices in the forecast period. This trend is likely to contribute to the growth of the market for gynecological devices.
- The National Center for Health Statistics in the United States revealed that in 2020, 31.8% of all deliveries were cesarean, compared to vaginal deliveries.
- Increase in the incidence of gynecological diseases: The rise in the incidence of gynecological diseases, such as cervical cancer and infertility, is driving the demand for gynecological devices.
- Rising awareness about reproductive health: The increasing awareness about reproductive health and the benefits of early diagnosis and treatment of gynecological diseases are driving the growth of the market.
- Advancements in technology: The continuous advancements in technology have led to the development of more advanced and effective gynecological devices, which is contributing to the growth of the market.
Segmentations:
The Endometrial Ablation Devices segment holds a significant share in the global Gynecological Devices Market and is projected to witness substantial growth in the coming years. This growth can be attributed to the growing incidence of Endometrial Cancer and the increasing popularity of these devices due to their ease of use and user-friendly features.
The market for Endometrial Ablation Devices is expected to grow at a lucrative rate and will continue to contribute to the overall growth of the Gynecological Devices Market.
The diagnostic imaging systems segment is anticipated to see significant growth, as these systems play a crucial role in various gynecological procedures, including the detection of cervical and ovarian cancers. The female sterilization segment is also expected to drive market growth, as this procedure is a popular form of permanent birth control.
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Segmentation-
| Gynecological Devices Market Segmentation | By Device Type
|
By End-user
| |
By Geography
|
Regional Insights-
North America dominates the global Gynecological Devices Market, with the region accounting for the largest market share. The primary reason for this dominance is the increasing incidence of gynecological cancer in countries like the United States and Canada. The rising number of such gynecological conditions has heightened awareness among women regarding the diagnosis and treatment of various types of gynecological disorders. This, in turn, has fueled the demand for gynecological devices in the region and has contributed to the overall growth of the market in North America.
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Competitive Landscape-
Leading players in the market are utilizing various strategies, including research and development investments and the introduction of technologically advanced products. Some companies are also engaging in partnerships, mergers, collaborations, and acquisitions to bolster their market position.
List of Key Players Profiled in the Gynecological Devices Market:
- Medtronic
- CooperSurgical Inc.
- Richard Wolf GmbH
- Olympus Corporation
- Hologic, Inc.
- Boston Scientific Corporation
- Stryker
- Ethicon (Johnson & Johnson)
- Meril Life Sciences Pvt. Ltd.
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