How the Gynecological Devices Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theGynecological Devices Market?
The escalating occurrence of conditions affecting the normal operation of the female reproductive parts like breasts, abdominal and pelvic organs, known as gynecological disorders, is projected to spur the growth trajectory of the gynecology devices market. Gynecology devices are essentially employed in the management of the female reproductive system, in aspects of pregnancy and childbirth. These are also used in a variety of medical operations like colposcopy, loop electrical excision procedure (LEEP), endometrial biopsy, IUD insertion, dilation and curettage (D&C), tubal ligation, ovarian cystectomy, among others. For instance, a report by the Switzerland-based World Health Organization (WHO) in March 2023 puts the global count of women and girls of reproductive age suffering from endometriosis at around 190 million. In another report by the American Cancer Society, a non-profit organization from the US, published in January 2023, roughly 13,960 new instances of invasive cervical cancer are predicted to be diagnosed within 2023, with an estimated 4,310 women expected to lose their battle to cervical cancer in the same year. Hence, the growing occurrence of gynecological disorders is fueling the expansion of the gynecological devices market.
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#How Does the ProjectedGynecological Devices Market Growth Compare Over the Forecast Period?
In recent times, there has been a robust expansion in the size of the gynecological devices market. The market, which stands at $13.16 billion in 2024, is projected to escalate to $14.18 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors such as the inception of laparoscopic surgery, the creation of intrauterine devices (IUDs), the advancement of hysteroscopy, the rise of robotic surgery, and breakthroughs in diagnostic imaging, have contributed to this historical growth period.
Anticipated substantial growth in the coming years is expected to bolster the gynecological devices market, with projections indicating that the market size may reach $20.09 billion by 2029, recording a compound annual growth rate (CAGR) of 9.1%. This growth in the projected period can be linked to increased spending on women’s healthcare, technological advancements in robotic surgery, the adoption of personally tailored treatment approaches, and the growth of ambulatory surgical centers. The forecast period is expected to witness significant trends like minimally invasive procedures, a shift towards ambulatory settings, an emphasis on women’s health awareness, a patient-centered approach, and ramped-up investments in research and development.
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Which Cutting-Edge Market Trends Are Expected to Drive theGynecological Devices Market’s Growth?
In the gynecological devices market, technological innovation is a prominent trend. Firms in this sector are utilizing cutting-edge technology to maintain their market standing. For instance, Boston Imaging (Samsung), a US-based company specializing in medical imaging technology, launched the Hera W10 Elite in February 2023. This is a women’s health ultrasound system enabled with artificial intelligence, capable of visualizing microcirculatory and slow blood movement in both 2D and 3D. The Hera W10 Elite features an improved MV-Flow capability and a broad OLED screen, enhancing the interpretation of various ultrasound images used in obstetrics and gynaecology procedures, resulting in clearer clinical diagnostics. Additionally, the system has an innovative transducer for endovaginal imaging of the fetal heart and brain. HeartAssist, ViewAssist, and BiometryAssist are the system’s refined AI components.
What Are the Leading Market Players Impacting theGynecological Devices Market’s Growth Trend?
Major companies operating in the gynecological devices market include Medtronic plc, CooperSurgical Inc., Richard Wolf GmbH, Hologic Inc., Boston Scientific Corporation, Stryker Corporation, Karl Storz SE & Co. KG, Ethicon Inc., MedGyn Products Inc., General Electric Company, Gynex Corporation, Bayer AG, Gynemed Medizinprodukte GmbH & Co. KG, Meril Life Sciences Pvt. Ltd., Cook Group Inc., B. Braun Melsungen AG, Siemens Healthineers AG, Smith & Nephew plc, Steris Corporation, Abbott Laboratories, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Medline Industries Inc., Mindray Medical International Limited, Olympus Medical Systems Corporation, Cardinal Health Inc.
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How Are the Key Segments of the Gynecological Devices Market Driving Opportunities and Innovations?
The gynecological devices market covered in this report is segmented –
1) By Device: Surgical Devices, Diagnostic Imaging Systems, Hand Held Instruments, Software, Other Devices
2) By Application: Laparoscopy, Hysteroscopy, Dilation And Curettage, Colposcopy, Other Applications
3) By End User: Clinics, Hospitals, Diagnostic Centers, Research Institutes, Others End Users
Subsegments:
1) By Surgical Devices: Hysteroscopes, Laparoscopes, Endometrial Ablation Devices, Biopsy Forceps
2) By Diagnostic Imaging Systems: Ultrasound Machines, MRI Systems, CT Scanners, X-ray Systems
3) By Hand Held Instruments: Speculums, Forceps, Scissors, Scalpels
4) By Software: Electronic Medical Records (EMR) Software, Imaging Software, Data Management Software
5) By Other Devices: Contraceptive Devices, Menstrual Cups, Pelvic Floor Devices
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https://www.thebusinessresearchcompany.com/customise?id=9937&type=smpGlobal Gynecological Devices Market, Global Gynecological Devices Market Report, Global Gynecological Devices Market Trends, Global Gynecological Devices Market Size
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