A report
published by Grand View Research, Inc. suggests that the global Gynecological Device Market would reach nearly USD 20.6 billion by 2022. The market would
grow at around CAGR of 15.6% during the forecast period (from 2017 to 2022).
Increasing target population base across the globe along with the rising
awareness regarding early diagnosis and availability of treatments can drive
the global market. Furthermore, rising adoption of gynecological procedures due
to high prevalence of gynecological diseases such as polycystic ovary syndrome
or PCOS, cervical cancer, uterine cancer, and other conditions is also likely
to spur the market expansion over the coming years. For example, according to
the report by the Disease Control and Prevention (CDC), the number of
obstetrical treatments performed in 2014 was more than 7.3 million in the
United States alone.
In
addition, rising occurrences of sexually Transmitted Diseases or STDs have also
resulted in an increased demand for gynecological treatments. On the other
hand, strict regulatory approval procedures to ensure safety may have a
negative impact on the global gynecological device market during the forecast
period. Additionally, improved drug therapy and rapid development of
alternative therapies like personalized medicines are also restraining the
market growth. However, the advent of technologically advanced devices that help
increase the efficiency of minimally invasive surgeries along with the
development of advanced imaging devices like 3D endoscope is likely to propel
the market expansion. Moreover, rising number of C-section surgeries due to
various health issues caused by changing lifestyles is also likely to
contribute toward the development of the gynecological device market in coming
years.
Full Research Report On
Gynecological Device Market Analysis:
https://www.grandviewresearch.com/industry-analysis/gynecological-device-market
The
global gynecological device market is categorized on the basis of product type
and regions. Based on product type, the market is fragmented into endometrial
ablation devices such as radiofrequency ablation devices, surgical devices
(gynecological endoscopy devices such as Hysteroscope), female sterilization or
contraceptive devices such as temporary or permanent birth control, fluid
management systems, diagnostic imaging systems, and hand instruments such as
disposable and reusable biopsy forceps. On the basis of geographies, the market
is divided into Latin America, Middle East and Africa (MEA), North America,
Asia Pacific, and Europe.
The North
America region is anticipated to continue leading the global market for
gynecological devices during the forecast years. Quick adoption of advanced
technologies in the field of gynecology along with the availability of skilled
professionals are the key factor driving the regional growth. The presence of
highly sophisticated healthcare infrastructure across the region is likely to
spur the regional market expansion. Positive reimbursement coverage policies by
various government bodies and private firms are also projected to augment the
regional market in the years to come.
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The Asia
Pacific regional gynecological devices market is anticipated to expand at
around 10.6% CAGR from 2017 to 2022. India and China, being the world’s highly
populated nations, are expected to create numerous growth opportunities for the
market in near future. Increasing number of gynecological surgeries, mainly due
to the rapidly expanding medical tourism in the region is also expected to
drive the market in the forthcoming years. Various initiatives by regional
governments for population control, such as awareness drives regarding
availability of gynecological treatments and overall women’s health have
resulted in an increased demand for contraceptive measures. This factor is also
likely to spur the regional market development over the forecast period.
However,
countries such as Vietnam and Bangladesh still have a high prevalence of
sexually transmitted diseases, especially among young population base. The lack
of easy access to contraceptive measures and awareness regarding disease prevention
are the major contributing factors for this high prevalence of STDs in the
region. This factor is also said to have a positive impact on the growth of the
Asia Pacific gynecological devices market in the forthcoming years.
The
major companies operating in the global market for gynecological devices
include Boston Scientific Corp.; Karl Storz GmbH & Co. KG; Richard Wolf
GmbH; Hologic, Inc.; and Medtronic Public Limited Company.
Access Full Press Release of
this Report: https://www.grandviewresearch.com/press-release/global-gynecological-devices-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/