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Gynecological Devices Market will generate new growth opportunities by 2021

Gynecological Devices Market
Gynecological Devices Market

According to the report, published by Zion Market Research, the global gynecological devices market accounted for around USD 14.50 billion in 2015 and is expected to reach approximately USD 19.50 by 2021, growing at a CAGR of around 5.0% between 2015 and 2021.

Gynecologic disorders are disorders that affect the female reproductive system. The most common symptoms of gynecologic disorders include pelvic pain, vaginal itching, vaginal discharge, abnormal vaginal bleeding, and breast pain. The implication of these symptoms often depends on the woman’s age because symptoms may be related to the hormonal changes that arise with aging. Hairiness in women called hirsutism is sometimes thought of as a gynecologic symptom because excess body hair is considered abnormal in women. Also, it usually results from high levels of male hormones, which affect the female reproductive system.

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Globally, gynecological devices market was expected to witness the highest growth over the forecast period due to increase in the frequency of gynecological disorders. Moreover increase in the recognition of minimally invasive procedures is also the key driving factor which fuels the demand for gynecological devices market. However, delay in the approvals by regulatory authorities can affect the growth of the gynecological devices market. Nonetheless, ongoing research and development in medical devices can bring growth avenues in the gynecological device market.

Based on surgical device, the global gynecological devices market is segmented into four types: gynecological endoscopy devices, endometrial ablation devices, fluid management systems, and female sterilization and contraceptive devices.  Gynecological endoscopy devices dominate the gynecology device market in 2015. Gynecological endoscopy is a surgical obedience which uses optical instruments specially designed to help diagnose the most frequent female disorders and pathologies such as some infertility problems, small vaginal hemorrhages or endometrial polyps among others. Gynecological endoscopy employs hysteroscopy and laparoscopy for these purposes. Gynecological endoscopy is an important technical advance method used for female disorder observation.

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Based on hand instruments, the global gynecological devices market is segmented into six types: vaginal speculum, tenaculum, curettes, trocars, biopsy forceps, others. In recent years, demand for hand instrument increased due to ease in handling coupled with the increase in case of gynecological disorder.

Based on the diagnostic imaging system, the global gynecological devices market is segmented into two types: ultrasound and mammography. Diagnosis of the case is as important as to treat diseases or illness with medicine. Ultrasound sonography is considered as a major tool to diagnosed major illness in the recent year. Ultrasound sonography cover forms mild hydronephrosis to fetus development.

In terms of geography, North America was the leading region for gynecological devices market in terms of revenue, due to the wide availability of technology advanced. Moreover, the increase in a number of geriatric population in North America and Europe serves as a major driving factor for the growth of gynecological devices market. Furthermore, rising number of hospitals and growing hospital investments in endoscopy instruments are expected to another driving factor for the growth of gynecology device market. Moreover, gynecological devices have the huge opportunity in emerging market of Asia Pacific, due to the increase disposable income, government initiatives and healthcare infrastructure.

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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global gynecological devices market include Medtronic plc, Richard Wolf GmbH, Cooper Surgical, Inc., Stryker Corporation, Hologic, Inc., Boston Scientific Corporation, Karl Storz GmbH & Co. KG, and Ethicon, Inc.

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