$4550
The gynecology devices market is projected to reach US$ 25,131.22 million by 2028 from US$ 13,658.41 million in 2022; it is expected to grow at a CAGR of 10.7% from 2022 to 2028.
Factors such as the surging number of gynecological diseases and the rising number of advanced medical devices for women drive the gynecology devices market growth. However, stringent regulatory policies hinder the market growth.
Gynecology deals with the problems related to the reproductive systems. The growing female population and women's lifestyle choices contribute to an increase in gynecological diseases. Gynecological devices are surgical and monitoring devices used to treat and diagnose gynecological disorders and conditions in hospitals, clinics/ASC, research institutes, and diagnostic labs. The devices are used in gynecological procedures, such as uterine fibroid remobilization, assisted reproduction, hysteroscopy, colposcopes, and female sterilization. Gynecological devices are available in coated and uncoated stainless steel and are designed to provide greater productivity to physicians while providing maximum benefit to the patients.
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Gynecology Device Market: Strategic Insights
Market Size Value in US$ 13,658.41 Million in 2022 Market Size Value by US$ 25,131.22 Million by 2028 Growth rate CAGR of 10.7% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Gynecology Device Market: Strategic Insights
| Market Size Value in | US$ 13,658.41 Million in 2022 |
| Market Size Value by | US$ 25,131.22 Million by 2028 |
| Growth rate | CAGR of 10.7% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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North America is likely to dominate the gynecology devices market during the forecast period. The US held the largest share of the North American market in 2022. The country is expected to dominate the regional market during the forecast period, owing to the availability of well-established healthcare infrastructure, high rate of awareness regarding the availability of diagnostic tests and treatments, and rising reimbursement coverage. According to the American Cancer Society, in 2019, an estimated 1,762,450 new cancer cases were diagnosed in the US. In American women, there are the growing cases of cervical cancer. This rising number of cancer cases is augmenting the demand for gynecology devices across the country.
The gynecology devices market is segmented on the basis of product, end user, and geography. By geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The gynecology devices market report offers insights and in-depth analysis of the market, emphasizing parameters such as market trends, technological advancements, market dynamics, and the competitive analysis of the globally leading market players.
Lucrative Regions for Gynecology Devices Market
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Market Insights
Rise in Incidence of Gynecological Diseases
Gynecological diseases comprise various diseases, including uterine cancer, cervical cancer, polycystic ovary syndrome, and ovarian cancer. As per the Institute for Health Metrics and Evaluation (IHME) research data, in 2019, ~8,640 deaths were caused due to gynecological diseases, and 37% of the female population was living with these diseases globally. For instance, endometrium cancer is the most common cancer of the female reproductive organs in the US, and uterine cancer is the sixth most common cancer in women in the country. According to the American Society of Clinical Oncology (ASCO) data, ~417,367 people were diagnosed with uterine cancer in 2020. Women diagnosed with endometrial cancer are typically aged between 60 years and above. As per the American Cancer Society, ~65,950 new cases of uterine cancer will be diagnosed by 2022, with ~12,550 associated deaths among women patients in the US. Moreover, according to global cancer observatory data, cervical cancer is the 7th most common cancer globally, with more than ~604,000 new cases diagnosed in 2020. Cervical cancer is a type of cancer that can be prevented and treated. The early detection of cervical cancer can be prevented with human papillomavirus (HPV) vaccination and managed effectively. Therefore, the rise in the number of gynecological disorders and the easy prevention and treatment are encouraging women to get diagnosed and treated. Further, the availability of gynecological devices used for the treatment of gynecological conditions and disorders is driving the growth of the gynecology devices market.
Product Insights
Based on product, the global gynecology devices market is segmented into surgical device, hand instruments, and diagnostic imaging systems. In 2022, the surgical device segment held the largest market share. Moreover, the same segment is expected to register the highest CAGR in the market during the forecast period. The surgical devices used for gynecology procedures are specially designed. Since the uterus is a tough muscle, the instruments used for gynecological purposes are generally heavier than the instruments used for general surgeries. A few of the commonly used surgical devices for gynecological purpose are vaginal speculums, tenaculums, scissors, biopsy punches, Heaney needle holders, and Heaney or Ballentine forceps. Manufacturers operating in the gynecology devices market are focusing on increasing their current product offerings and expanding their manufacturing base. Moreover, the market for the surgical devices segment is further segmented into gynecological endoscopy devices, endometrial ablation devices, female sterilization & contraceptive devices, and fluid management. The gynecological endoscopy devices segment is expected to register the highest CAGR in the market during the forecast period. Gynecological endoscopy devices are specially designed to diagnose most frequent female disorders and pathologies, such as small vaginal hemorrhages, infertility problems, or endometrial polyps. Devices generally used for endoscopy are hysteroscopy and laparoscopy. It ensures quick recovery of a patient, and one can return to their routine activities at the earliest. Thus, owing to these factors, the global gynecology devices market for the surgical devices segment is expected to grow at a steady pace during the forecast period.
Gynecology Devices Market, by Product – 2022 and 2028
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End User Insights
Based on end user, the global gynecology devices market is segmented into hospitals, diagnostic centers, clinics, and others. In 2022, the hospitals segment held the largest share of the market. Moreover, the same segment is expected to register the highest CAGR in the market during forecast period. Hospitals are the largest entities that have all the facilities. Due to the development in the healthcare facilities, hospitals are upgraded with the modernized equipment and are installed with the digital pathology and artificial intelligence. These technologies assist in communicating among the inter departments and allow to share data across the domain. Hospitals are associated with various doctors, specialist doctors, and other professionals who provide better healthcare services. All gynecological diseases can be treated in the hospitals, and better nursing services are being provided by the staffs. Rising awareness regarding birth control devices, surgeries, and growth in hysterectomy and laparoscopy procedures are estimated to escalate the market growth for the segment. Besides this, growing number of female sterilization procedures is playing a vital role in the development of the segment. Therefore, owing to all the above-mentioned factors, the global gynecology devices market for the hospital segment is likely to grow in the coming years.
Product launches and collaborations are highly adopted strategies by the global gynecology devices market players to expand their global footprints and product portfolios. The players also focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name globally. They aim to flourish their market shares with the development of innovative products. A few of the recent key market developments are listed below:
- In April 2022, GE Healthcare and Medtronic collaborated with a focus on the unique needs and demand for care at ambulatory surgery centers (ASCs) and office-based labs (OBLs). Under the new collaboration, customers can access extensive product portfolios, financial solutions, and exceptional service.
- In January 2021, Cooper Surgical acquired Embryo Options, an established leader in cryo-storage software solutions for clinics and patients. The acquisition complements Cooper Surgical’s comprehensive portfolio of innovative fertility offerings. Patients using the Embryo Options platform have access to online resources to learn more about continuing to store specimens, for subsequent ART treatment cycles and thawing and discarding, or donating specimens to other patients or for research.
Company profile
- CooperSurgical, Inc
- Boston Scientific Corporation
- Hologic, Inc.
- Medtronic
- Stryker
- KARL STORZ SE & Co. KG
- Olympus Corporation
- General Electric Company
- Richard Wolf GmbH.
- Ethicon.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Gynecology is one of the branch of medical study that deals with the health care and diseases of women. It especially deals for the reproductive systems and problem related to it. Gynecological devices are designed for the diagnosis and treatment of the women’s reproductive systems and problems associated with it. There are several types or the variants of devices available for the gynecological procedures such as endoscopes, ablation devices and imaging devices.
The factors that are driving the growth of market are increasing prevalence of gynecological diseases and rising number of advanced medical devices for women. However, stringent regulatory policies is the major factor hindering the gynecology devices market growth.
The gynecology devices market majorly consists of the players, such as Cooper Surgical, Inc.; Hologic, Inc.; Medtronic; Stryker; Karl Storz SE &CO. KG; Olympus Corporation; General Electric Company; Richard Wolf GMBH; Ethicon; among others.
The market is estimated to grow at a CAGR of 10.7% during the forecast period.
The gynecology devices market is estimated to be valued at US$ 5,088.51 million in 2022.
The gynecology devices market is expected to be valued at US$ 9,312.31 million in 2028.
The gynecology devices market is analyzed in the basis of product and end user. Based on product, the market is segmented into surgical device, hand instruments, and diagnostic imaging systems. The surgical device segment held the largest share of the market. Moreover, the same segment is anticipated to register the highest CAGR in the forecast period.
North America accounts for the major market share of gynecology devices market in 2022 owing to rising number of product launches and innovation.
Asia Pacific is expected to be the fastest growing region in gynecology devices market over the forecast period due to presence of large prospective patient pool and growth in awareness regarding contraceptive measures.
The List of Companies - Gynecology Device Market
- CooperSurgical, Inc
- Boston Scientific Corporation
- Hologic, Inc.
- Medtronic
- Stryker
- KARL STORZ SE & Co. KG
- Olympus Corporation
- General Electric Company
- Richard Wolf GmbH.
- Ethicon
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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