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.
Gynecology Devices Market
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 a study that deals with health problems related to the female reproductive system, such as the vagina, ovaries, and uterus, as well as the female breast. Increasing women's population and lifestyle lead to an increase in various gynecological-related illnesses. The devices used to treat and diagnose these diseases are called gynecological devices. The growth of the global gynecological device market is driven by an increase in the number of gynecological diseases and the number of advanced women's medical devices. However, restricted access to contraceptives and the strict regulatory approval process is hampering the market growth.
In addition, robotics is one example of a computer system that assists in surgery. The incorporation of robotics by trained gynecologists increases the demand for a variety of surgical instruments. Cancer and other gynecological disorders can be successfully treated with innovative robotic technology. In addition, medical device manufacturers are committed to harnessing the power of robotic operations to increase profits. Therefore, the rapid driving force of automation technologies such as robotics in the treatment of gynecological diseases is expected to drive the growth of the gynecology device market.
The global gynecology device market is heavily influenced by COVID-19, as most gynecological procedures are considered selective. For example, in the assisted reproductive technology (ART) market, treatment is being phased out in most countries, except for fertility preservation for tumor patients. Most countries resumed treatment after the blockade restrictions were relaxed.
Gynecological disorders include a variety of disorders, including uterine cancer, cervical cancer, polycystic ovary syndrome, and ovarian cancer. According to research data from the Institute for Health Metrics and Evaluation (IHME), about 8,640 deaths were caused by gynecological diseases in 2019, with 37% of the female population living with these diseases worldwide. For example, endometrial cancer is the most common cancer of the female reproductive system in the United States. Uterine cancer is the sixth most common cancer in women in the United States. Thus, the rising cases of gynecological disorders is likely to boost the global gynecology devices market growth.
Concerns about the safety of pelvic organ prolapse are expected to impede market growth over the forecast period. In Europe, it is advisable to use the vaginal mesh only in complex cases with no other alternative treatments. The general bad reputation surrounding litigation, regulatory scrutiny, and the use of meshes can limit the growth of the pelvic organ prolapse and the market as a whole.
The global gynecology devices market is segregated on the basis of products, end-users, and region.
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 increasing demand for gynecological surgery, increasing prevalence of female reproductive disorders, and growing technological advances in gynecological equipment. Cancer is one of the biggest health problems for women in the United States. According to the Centers for Disease Control and Prevention (CDC), breast, colon, endometrial, lung, cervical, skin, and ovarian cancers are the most common cancers that affect women. More than 270,000 women are dying from cancer.
Gynecology Devices Market: Competitive Landscape
Some of the main competitors dominating 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.
By End Users
Raising awareness among women and sexually transmitted diseases also contribute to market growth. In addition, introducing new devices to the market will minimize discomfort, increase efficiency, increase medical costs, and favorable reimbursement policies will contribute to the growth of the gynecological device market.
According to the report, the global gynecology devices market was worth 10,829.50 (USD million) in 2021 and is predicted to grow to 19,501.20 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 10.30 percent.
The Gynecology Devices in North America to have share. This is the well- healthcare infrastructure, an of use, and a of experts. Other women's awareness, gynecological prevalence and the presence of well- healthcare infrastructure, are to the projection period.
Some of the main competitors dominating 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.