Global Endometrial Ablation Devices Market Analysis 2023: Size, Share, And Key Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Endometrial Ablation Devices Global Market Report 2023, the endometrial ablation devices market is expected to show significant growth in the forecast period.
Key insights from the endometrial ablation devices market forecast include:
- Market Size
The global endometrial ablation devices market is expected to grow from $3.28 billion in 2022 to $3.52 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The endometrial ablation devices market is expected to reach $4.49 billion in 2027 at a CAGR of 6.2%.
- Major Driver
The prevalence of gynecological disorders is expected to propel the growth of the endometrial ablation devices market going forward. For instance, in December 2020, according to the International Agency for Research on Cancer, a France-based intergovernmental agency, by 2040, the global number of women diagnosed with ovarian cancer is projected to increase by almost 42% to reach 445,721. Further, 50% more women are anticipated to die from ovarian cancer per year, reaching 313,617 compared to the 2020 projections. Therefore, the increase in the prevalence of gynecological disorders is driving the growth of the endometrial ablation devices market.
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- Key Trend
Product innovation is a key trend gaining popularity in the endometrial ablation devices market. Major companies operating in the endometrial ablation devices market are developing innovative products to sustain their position in the market. For instance, in November 2021, Hologic, Inc., a US-based health technology company, launched the NovaSure V5 endometrial ablation device. This innovative product is an advanced global endometrial ablation (GEA) device to address abnormal uterine bleeding in women. It offers a simplified solution to reduce or stop menstrual bleeding by delivering radiofrequency energy to ablate the endometrial lining of the uterus. Additionally, it includes various technological features such as sure clear technology, end form technology, and smart depth technology. With its enhanced efficacy and versatility, the device aims to provide a more comfortable and effective treatment option for women suffering from abnormal uterine bleeding.
- Largest Region
North America was the largest region in the endometrial ablation devices market in 2022.
- Major Players
Major players in the endometrial ablation devices market are Johnson and Johnson Private Limited, Medtronic Plc., Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, Smith And Nephew plc., Hologic Inc., C R.Bard Inc., Cooper Companies Inc., Cook Medical, Karl Storz GmbH And Co. KG, Biotronik SE And Co. KG, B. Braun Medical Inc., Richard Wolf GmbH, Aesculap Inc., AngioDynamics, Gyrus ACMI Inc., Minerva Surgical Inc., Minerva Surgical Inc., Lina Medical ApS, Biolitec AG, AEGEA Medical Inc., Albyn Medical,Channel Medsystems Inc., CathRX Ltd, Ecleris Srl., Idoman Teoranta, Surkon Medical Co. Ltd, Omnitech Systems Inc., and Veldana Medical SA.
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Key Endometrial Ablation Devices Market Segments
The global endometrial ablation devices market is segmented –
1) By Device Type: Hysteroscopy Devices, Thermal Balloon Ablators, Radiofrequency Endometrial Ablation Devices, Hydrothermal Ablators, Electrical Ablators, Other Device Types
2) By Technology: Radiofrequency Ablation, Cryoablation, Hydrothermal Ablation, Thermal Balloon, Hysteroscopic Ablation, Other Technologies
3) By End User: Ambulatory Surgery Center, Clinic, Hospital
The Endometrial Ablation Devices Global Market Report 2023 provides an in-depth analysis on the endometrial ablation devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the endometrial ablation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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