With the slowdown in world economic growth, the Gynecological Surgical Devices industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Gynecological Surgical Devices market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Gynecological Surgical Devices market size will be further expanded, we expect that by 2023, The market size of the Gynecological Surgical Devices will reach XXX million $.
Gynecological surgical devices are used during surgical treatment of pre-cancerous conditions of the cervix, cysts, genital warts, endometriosis, fibroid tumor disease, and other gynecological disorders.
Increasing prevalence of gynecological disorders is expected to propel growth of the global gynecological surgical devices market over the forecast period. For instance, according to the study, ‘A US population-based study of uterine fibroids diagnosis incidence, trends, and prevalence: 2005 through 2014’ published in October 2018, the incidence rates for fibroids diagnosis was 240.3 per 10,000 woman-years in 2014 in the age group 45–49 years.
Increasing funding in cancer research is expected to offer lucrative growth opportunities for players in the global gynecological surgical devices market. For instance, according to the National Cancer Research Institute (NCRI), cancer research funding by NCRI partners reached around US$ 750 million in 2018/19.
The adoption of pharmacologic therapy is higher compared to surgical or procedural treatment, which is expected to limit growth of the global gynecological surgical devices market. For instance, according to the study, ‘Burden, Prevalence, and Treatment of Uterine Fibroids: A Survey of U.S. Women’, published in November 2018, 71% of uterine fibroids patients used pharmacologic therapy for symptom relief and 30% underwent surgical or procedural treatment.
Moreover, under-diagnosis of gynecological disorders is also expected to hamper market growth. For instance, the study, ‘Burden, Prevalence, and Treatment of Uterine Fibroids: A Survey of U.S. Women’, published in November 2018, concluded that women with fibroids or symptoms suggestive of fibroids experience significant distress that reduces quality of life and that several many women are likely undiagnosed, which increases the need for improved awareness and education.
Major players in the market are focused on increasing awareness regarding regulatory guidelines for device use. For instance, in March 2020, Olympus Corporation announced that updated guidance from the Food and Drug Administration mandates that laparoscopic power morcellation in gynecological procedures be conducted with an approved containment device
Key Takeaways
- Increasing prevalence of gynecological disorders to augment growth of the global gynecological surgical devices market over the forecast period.
- Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in April 2018, CooperSurgical acquired the assets of The LifeGlobal Group and its affiliates, a leading global provider of in-vitro fertilization devices.
- Major players operating in the global gynecological surgical devices market include, Ethicon, Inc., Hologic, Inc., MedGyn Product Inc., Stryker Corporation, Cooper Surgical, Inc., Karl Storz GmbH & Co. KG, Boston Scientific Corporation, Richard Wolf GmbH, Medtronic plc, Richard Wolf, and Olympus Corporation.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Boston Scientific
CooperSurgical
Ethicon
Hologic
Karl Storz
Medtronic
Olympus
Richard Wolf
Stryker
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Hand Instruments
Diagnostic Imaging Systems
Gynecological Chairs
Industry Segmentation
Hospital
Medical Center
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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