Global gynecological devices market expected to reach USD 19.50 by 2021, growing at a CAGR of 5.0% between 2015 and 2021
Sarasota, FL -- (SBWIRE) -- 03/14/2017 -- Zion Market Research has published a new report titled "Gynecological Devices Market by Surgical Device (Gynecological Endoscopy Devices, Endometrial Ablation Devices, Fluid Management Systems and Female Sterilization and Contraceptive Devices) by Hand Instrument (Vaginal Speculum, Tenaculum, Curettes, Trocars, Biopsy Forceps and Others) and by Diagnostic Imaging System (Ultrasound and Mammography) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021". According to the report, 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.
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A gynecologist is a general practitioner with special learning and proficiency in the field of women's' health and reproduction. A gynecologist has the appropriate medical, surgical and obstetrical knowledge and skills for the prevention, diagnosis, and management of a wide range of conditions that affect women's reproductive and gynecological health. The specialty of obstetrics and gynecology can be divided into two parts. Obstetrics concentrates on the care and treatment before and during pregnancy, and after the child is born. Gynecology is concerned with the treatment of diseases and disorders of the female reproductive system. Various devices such as gynecology endoscopy device, ultrasound sonography, and vaginal speculum are some of the common devices used during obstetrics and gynecological practice.
The global gynecological devices market was expected to witness the highest growth over the forecast period due to increase in the prevalence of gynecological disorders across the globe. Moreover, rise in the acceptance of minimally invasive procedures is also considered as a major governing factor which promotes the demand for gynecological devices market. Furthermore, many lifestyle-related factors, such as having multiple sex partners, smoking, obesity, unsafe sex and inherited HPV-positive patient, are estimated to drive the gynecological devices market. In addition, the increase in healthcare expenditure is also considered as a major driving factor for the growth of gynecological devices market. However, delay in the approvals by regulatory authorities would hinder the growth of the gynecological devices 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. In terms of revenue, gynecological endoscopy devices were the leading segment in surgery device market in 2015 and the same is expected to be the largest and fastest growing segment during the forecast period. This growth is attributed due to rising number of hospitals and growing hospital investments in endoscopy instruments. In addition, growing the patient preference for minimally invasive surgeries is a key driving factor for the growth of gynecology endoscopy market.
Based on hand instruments, the global gynecological devices market is segmented into six types: vaginal speculum, tenaculum, curettes, trocars, biopsy forceps, others. In diagnostic imaging system segment, vaginal speculum was the leading segment in 2015 and this segment will remain in continuous growth during forecast periods due to the continuous rise in HPV virus infection and prevalence of cervical cancer across the globe.
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Based on the diagnostic imaging system, the global gynecological devices market is segmented into two types: ultrasound and mammography. In diagnostic imaging system segment, ultrasound sonography was the leading segment in 2015 and this segment will remain in continuous growth during forecast periods due to the continuous rise in demand across the globe.
In terms of geography, North America was the leading market for gynecological devices device in 2015 in terms of revenue due to the wide availability of technologically advanced computer-guided screening tests. In addition, increasing number of geriatric population in North America and Europe serves as a major driving factor for the growth of gynecological devices market. Furthermore, lifestyle-related factors such as smoking, having multiple sex partners are very common in North America and European countries. Moreover, gynecological devices have the huge opportunity in emerging market like Asia Pacific, Latin America due to increasing in disposable income, government initiatives and improving healthcare infrastructure.
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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This report segments the global gynecological devices market as follows:
Global Gynecological Devices Market: Surgical Device Analysis
Gynecological Endoscopy Devices
Endometrial Ablation Devices
Fluid Management Systems
Female Sterilization And Contraceptive Devices
Global Gynecological Devices Market: Hand Instruments Analysis
Global Gynecological Devices Market: Diagnostic Imaging System Analysis
Global Gynecological Devices Market: Regional Segment Analysis
Middle East And Africa
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