Global Gynecology Devices Market is Likely to Grow at a CAGR Value of 10.30% by 2028

05-Aug-2022 | Zion Market Research

The global gynecology devices market size was worth USD 10,829.50 million in 2021 and is estimated to grow to USD 19,501.20 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.30 percent over the forecast period. The report analyzes the gynecology devices market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the gynecology devices market.

Gynecology is the study of health issues relating to female reproductive systems, such as the vagina, ovaries, and uterus, as well as the female breast. A gynecological device is used during a surgery or operation to execute certain activities or achieve specific results, such as changing biological tissue or allowing access to observe it. The growing female population and lifestyle choices of women lead to an increase in gynecological diseases. Gynecological devices are used to treat and diagnose these gynecological diseases. The devices are instruments used in gynecological procedures, such as uterine fibroid remobilization, assisted reproduction, hysteroscopy, colposcopes, female sterilization, pelvic floor electrical stimulation, endometrial resection, fluid management, and pelvic organ prolapsed repair. Therefore, the rising demand for minimally invasive surgeries is expected to contribute to significant global gynecology devices market growth in the forecast period.

The healthcare industry is offering various technologically advanced products for the diagnosis and treatment of the gynecological problems of women. The advancement in the healthcare industry, specifically in the medical devices industry, has encouraged players to provide their customers with the best equipment, devices, and systems. As a result, manufacturers of medical devices have devised innovative gynecological devices with better efficacy and reduced the patient’s discomfort by offering quick recovery. However, stringent regulatory policies and limited access to contraception hamper the market growth.

The global gynecology devices market is segregated based on products, end-users, and regions. By products, the market is divided into gynecological endoscopy devices, endometrial ablation devices, fluid management systems, female sterilization & contraceptive devices, hand instruments, and diagnostic imaging systems. Among these, the gynecological endoscopy devices segment dominates the market, accounting for more than 45 percent of global sales. By end-use, the market is classified into hospitals, diagnostic centers, and clinics. The hospital segment will dominate the market during the forecast period due to the development of medical institutions; hospitals have been upgraded to the latest equipment and equipped with digital pathology and artificial intelligence. These technologies support communication between departments and enable cross-domain data exchange.

The North American region holds the largest share of the global gynecology devices market due to the increasing burden of cancer, the strong presence of device manufacturers, and technological advancements. According to the American Cancer Society, in 2019, an estimated 1,762,450 new cancer cases were diagnosed in the United States. Among all the cancers, there is a major concern for cervical cancer, which is growing rapidly in American women. This rising number of cancer is augmenting the demand for gynecology devices across the country. Additionally, other factors such as rising awareness among women, increasing prevalence of gynecological disorders, and well-established healthcare infrastructure are expected to drive the growth of the gynecological devices market in the forecast period.

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

Recent developments:

  • In 2018, General Electric Company launched Versana Essential, a new ultrasound system having a wide range of medical applications and has Whizz one-touch dynamic image optimization features. Further, the company launched LOGIQ E10, a new generation of high-end radiology ultrasound systems that is the most technologically-advanced ultrasound that offers fast, precise, consistent imaging of the patients.
  • In May 2021, Hologic Inc. acquired Biotheranostics, the developer of two highly differentiated molecular diagnostic tests for breast and metastatic cancers. Breast cancer index (BCI) and Cancer TYPE ID (CTID). The Breast Cancer Index predicts which early-stage hormone receptor-positive (HR +) breast cancer patients are likely to benefit from long-term endocrine therapy, the National Cancer Network (NCCN) and the American Society of Clinical Oncology (ASCO).

Browse the full Gynecology Devices Market By Products (Gynecological Endoscopy Devices, Endometrial Ablation Devices, Fluid Management Systems, Female Sterilization & Contraceptive Devices, Hand Instruments, and Diagnostic Imaging Systems), By End Users (Hospitals, Diagnostic Centers, and Clinics), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/gynecology-devices-market

Global gynecology devices market is segmented as follows:

By Products

  • Gynecological Endoscopy Devices
  • Endometrial Ablation Devices
  • Fluid Management Systems
  • Female Sterilization and Contraceptive Devices
  • Hand Instruments
  • Diagnostic Imaging Systems

By End Users

  • Hospitals
  • Diagnostic Centers
  • Clinics

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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