The global gynecological devices market is expected to grow at a significant rate during the forecast period owing to the changing lifestyle with more emphasis on health. Increasing per capita income of individuals in the developing economies including India, Vietnam, and Indonesia is expected to propel growth over the forecast period.
Growing occurrence of gynecological diseases such as cervical cancers, uterine fibroids and menorrhagia is expected to have a positive impact on market growth. The market also holds prime importance in the medical devices market because of rising gynecological conditions and increase in specialized gynecological procedures.
Introduction of high definition imaging devices like 3D endoscopes and minimally invasive procedures such as laparoscopy are driving market growth. In addition, rising occurrence of diseases including sexually transmitted diseases (STDs) and uterine fibrosis are anticipated to bolster market growth during the forecast period. Moreover, healthcare agencies are now promoting routine health checkups for early detection of cancer and other gynecological conditions.
Rising routine check-ups and promoting the use of gynecology device, thus promoting its growth over the projected period. Furthermore, the introduction of user friendly and technically advanced products has led to the adoption of surgical procedures such as endoscopy, laparoscopy, female sterilization and ablation all over the world.
Based on the product type, the market is segmented into surgical devices, hand instruments, gynecological imaging devices and gynecological chairs market. The gynecological surgery devices include endoscopy devices, female sterilization, fluid management systems, contraceptive devices and endometrial ablation devices. Surgical devices captured largest market share due to rising use of endoscopy devices and female contraceptives.
Availability of technically advanced products is resulting in increasing application scope of endoscopes in gynecology. Laparoscopes, Hysteroscopes, endoscopic imaging and resectoscopes are the common applications of endoscopes in gynecology. Growth in laparoscopy, hysterotomy, and hysterectomy procedures are expected to have a positive impact on growth. Moreover, the ease of using these products are fueling the adoption of these devices since, these are minimally invasive procedures. Thus, endoscopy accounts for the largest market share.
Rising use of gynecological procedures is likely to boost usage rates over the forecast period. According to the statistics published by the Center for Disease Control and Prevention (CDC), the number of obstetrical procedures performed in 2015 was over 7.5 million in the U.S. In addition, the share of C-section deliveries was over 32% as compared to the number of vaginal deliveries in 2015, which is a key factor promoting growth. 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.
Technological innovation such as the use of efficient lighting in diagnostic systems and growing preference for early detection and prevention of gynecological diseases are the major drivers of this segment. Hand instruments accounted for the smallest market share and are anticipated to witness sluggish growth during the forecast period owing to low product cost and limited application of these instruments in other surgical methods along with gynecology devices.
North America dominates the global market due to high adoption rate of advanced technology and the presence of large market players in the region and is expected to maintain its dominance throughout the forecast period, mainly due to the growth in the number of newly detected cases. Government and healthcare agencies in North America are promoting routine check-ups to lower mortality rates associated with breast and cervical cancer patients because early detection leads to success in treatment.
Asia Pacific is anticipated to witness high growth during the forecast period. Increase in the footfall of patients due to the rapidly booming medical tourism industry owing to comparatively lower cost and unavailability of treatment in their home country is expected to have a positive impact growth Moreover advanced manufacturing facilities, the presence of a large pool of skilled medical professionals and cheaper labor cost compared to the developed economies has resulted in the shifting of manufacturing facilities to China and India. As a result, the overall manufacturing cost of these devices have definitely reduced. Therefore, manufacturers are now able to offer their products to customers at lower cost.
Some leading players operating in the global market include Richard Wolf GmbH., Stryker Corporation, Hologic, Inc., Boston Scientific Corporation, Cooper Surgical, Inc., Karl Storz GmbH& Co. KG, Ethicon, Inc, Medtronic plc.
Research Support Specialist, USA