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2024-2033 Forecast: What is the Projected Growth Rate for the Gynecological Devices Market?

The market for gynecological devices has seen robust growth in the past few years. This market is projected to expand from a size of $12.44 billion in 2023 to $13.51 billion in 2024, translating to a compound annual growth rate (CAGR) of 8.6%. Factors that have fueled growth in the historical period include the introduction of laparoscopic surgery, the development of intrauterine devices (IUDs), advancements in hysteroscopy, the rise of robotic surgery, and advancements in diagnostic imaging.

The market for gynecological devices is projected to experience robust growth in the coming years, escalating to $18.48 billion in 2028 with a compound annual growth rate (CAGR) of 8.2%. The expansion during the forecast period can be linked to an increase in women’s healthcare budget, enhancement in robotic surgery, custom treatment strategies, and a growing number of ambulatory surgical centers. Key market trends for the forecast period encompass minimally invasive methods, the transition to ambulatory environments, emphasis on promoting women’s health awareness, a patient-focused approach, and investment in research and development.

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What Are the Main Drivers Behind the Growth of the gynecological devices Market?

Growth in the sector of gynecology devices is projected to accelerate due to the rising incidence of disorders related to gynecology. These disorders negatively impact the standard functioning of the female reproductive organs such as abdominal and pelvic organs and the breasts. This has catalyzed the utilization of gynecology devices to manage the female reproductive system, which includes pregnancy, childbirth, and various medical procedures like endometrial biopsy, IUD insertion, LEEP, colposcopy, D&C, tubal ligation, ovarian cystectomy etc. For instance, the World Health Organization, a Switzerland-based inter-governmental entity, reported in March 2023 that endometriosis has affected around 190 million women and girls within reproductive age throughout the globe. Furthermore, in January 2023, an estimation by the American Cancer Society, a US-based non-profit entity, pointed to around 13,960 new cases of invasive cervical cancer in 2023, predicting a likely mortality of 4,310 women within the same timeframe. Thus, this surge in gynecological disorders incidence propels the gynecological devices market’s progression.

What Are the Primary Segments of the Gynecological Devices Market?

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

Which Trends Are Revolutionizing the Gynecological Devices Market?

Emerging technologies are becoming a key trend in the gynecological devices market, with firms in this market adopting innovative technological solutions to maintain their market standing. Boston Imaging (Samsung), a U.S.-based company specializing in medical imaging technology, showcased this trend in February 2023 when they launched Hera W10 Elite. This is an AI-powered women’s health ultrasound system that allows clinicians to visualize microcirculatory and slow blood flow in both 2D and 3D. The Hera W10 Elite features an improved MV-Flow function, along with a bigger OLED display for better interpretation of a range of ultrasound images used in obstetric and gynecology procedures. This gives clinicians more detailed diagnostic insights. The system also incorporates a new transducer for endovaginal visualization of the fetal heart and brain. Additional AI features of the system include HeartAssist, ViewAssist, and BiometryAssist.

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Which Geographical Regions Are Pioneering Growth in the Gynecological Devices Market?

North America was the largest region in the gynecological devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the gynecological devices market report forecast period. The regions covered in the gynecological devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Gynecological Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the gynecological devices market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Gynecological Devices Market Include

1. Gynecological Devices Market Executive Summary

2. Gynecological Devices Market Segments

3. Gynecological Devices Market Size And Template Market Growth Rate

4. Key Gynecological Devices Market Trends

5. Major Gynecological Devices Market Drivers

……

25. Key Mergers And Acquisitions In The Gynecological Devices Market

26. Top Gynecological Devices Companies

27. Gynecological Devices Market Opportunities And Strategies

28. Gynecological Devices Market, Conclusions And Recommendations

29. Appendix

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