San Francisco, 10
September 2018: The global gynecological devices market is expected to reach over USD 20.6 billion by 2022,
according to a new report by Grand View Research, Inc. Prime drivers of the
market include growing female population, increasing awareness levels
pertaining to the benefits of early diagnosis, and available treatments.
Rising prevalence of
sexually transmitted diseases has increased the demand for gynecological
treatments. Prevalence of these diseases was observed to be higher in people
aged between 15-24 years. For instance, according to the Centre for Disease
Control and Prevention (CDC), around 39% of the patients with Chlamydia in the
U.S. were aged between 20 and 24 years. Similarly, 33% of the patients with
Gonorrhea in the U.S. were aged between 20 and24 years.
Moreover, rising
adoption of gynecological procedures is likely to boost usage rates over the
forecast period. For instance, according to the Center for Disease Control and
Prevention (CDC), the total number of obstetrical procedure performed in 2014
was more than 7.3 million in the U.S. According to The National Center for
Health Statistics, in 2014, in the U.S. 3,988,076 child births were
registered.
The percent of C-section
deliveries was 32.2% as compared to the number of vaginal deliveries. The
rising numbers of these procedures owing to the growing population, growing
awareness and increasing disposable income is expected to drive the
gynecological devices market.
Early disease detection
is imperative in devising treatment schedules. Pertinent government and
regulatory agencies in congruency with the aforementioned fact, are now
focusing majorly on improving patient awareness levels. Efforts will most
likely pay off, leading to a rapid rise in procedure volume.
Access Research Report
of Gynecological Device
Market@ www.grandviewresearch.com/industry-analysis/gynecological-device-market
Further key findings from the study suggest:
· Surgical devices accounted for the largest
market share of around 79% in 2014. High cost of surgical devices and repeat
purchase of disposable products attribute to the segment’s large market share.
· The segment is expected to maintain its
market position throughout the forecast period owing to, the introduction of
technically advanced and user friendly products and the subsequent rise in
adoption rates.
· Endoscopy devices were the largest
revenue-generating sub-segment in 2014. Expanding application of endoscopy in
gynecological procedures is one of the prime factors accounting for the
segment’s revenue share. Moreover, availability of user-friendly, portable, and
affordable products is likely to drive segment growth during the forecast
period.
· North America was the largest market in
2014. The presence of a well-established healthcare infrastructure, high
adoption rate of advanced technology, and large number of skilled professionals
are some factors spearheading regional market growth.
· Asia Pacific is expected to grow at a
significant rate of 10.6% during the forecast period. Rapid surge in procedure
volumes as a result of the growing medical tourism market place is expected to
drive regional market growth. Birth control policies in countries such as China
and India are also expected to fuel growth over the forecast period.
· Some key players of the gynecological
devices market include Ethicon, Inc., Karl StorzGmbH & Co. KG, Hologic,
Inc., Boston Scientific Corporation, Stryker Corporation, Olympus Corporation,
Richard Wolf GmbH, Medtronic plc, and CooperSurgical, Inc.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the gynecological device market on the basis of product type and
geography.
Gynecological Device Market by Product
·
Surgical devices
o
Gynecological Endoscopy Devices
o
Hysteroscope
o
Colposcope
o
Resectoscope
o
Laparoscope
o
Endoscopic imaging systems
·
Endometrial Ablation Devices
o
Hydrothermal ablation devices
o
Radiofrequency ablation devices
o
Balloon ablation devices
o
Others (cryotherapy, microwave, laser)
·
Fluid Management Systems
·
Female Sterilization/Contraceptive Devices
o
Permanent Birth Control
o
Temporary Birth Control
o
Intra Uterine Devices (IUD)
o
Intravaginal rings
o
Subdermal Contraceptive Implants
·
Hand Instruments
o
Vaginal Speculum
o
Disposable
o
Reusable
o
Tenaculum
o
Curettes
o
Trocars Market
o
Biopsy Forceps
o
Disposable
o
Reusable
o
Others
·
Diagnostic Imaging Systems
Access
Press Release of Gynecological Device Market@ 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.
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