Unlocking the Future of the Gynecological Devices Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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How has the gynecological devices market size evolved in recent years?
In the past few years, the size of the gynecological devices market has seen remarkable growth. It is projected that there will be an increase from $13.16 billion in 2024 to $14.18 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. The growth observed historically can be linked to the arrival of laparoscopic surgery, the creation of intrauterine devices (IUDs), the progress of hysteroscopy, the advent of robotic surgery, and advancements in diagnostic imaging.
What are the predictions for the gynecological devices market size in the coming years?
The market size for gynecological devices is predicted to experience significant expansion in the coming years, ballooning to a value of $20.09 billion in 2029, and with a compound annual growth rate (CAGR) of 9.1%. This projected growth in the forecast period can be credited to an increase in expenditure on women’s healthcare, progress in the field of robotic surgery, the introduction of personalized treatment methods, and the broadening of ambulatory surgical centers. The period of forecast sees some major trends like a preference for minimally invasive procedures, a shift toward ambulatory settings, heightened focus on increasing women’s health awareness, adopting a patient-centric approach, and an uptick in research and development investments.
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What key factors are fueling the growth of the gynecological devices market?
The rise in gynaecological issues is anticipated to spur the expansion of the gynaecology devices market. Gynaecological disorders are conditions that disrupt the normal operation of female reproductive organs like the breasts, and organs in the abdomen and pelvis. Gynaecology devices are utilised to manage the female reproductive system, encompassing pregnancy and childbirth, and to conduct various medical procedures such as colposcopy, loop electrical excision procedure (LEEP), endometrial biopsy, intrauterine device (IUD) insertion, dilation and curettage (D&C), tubal ligation, ovarian cystectomy, and more. For instance, as per a March 2023 report from the World Health Organization (WHO), a Switzerland-based intergovernmental organization, approximately 190 million women and girls around the globe of childbearing age are affected by endometriosis. Furthermore, a January 2023 report from the American Cancer Society, a US-based non-profit organization, forecasts about 13,960 new invasive cervical cancer diagnoses in 2023 and approximately 4,310 women are predicted to succumb to cervical cancer during that same year. Hence, the escalating prevalence of gynaecological disorders is fuelling the gynaecological devices market’s growth.
How is the global gynecological devices market divided into key segments?
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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Who are the key firms paving the way for growth in the gynecological devices market?
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.
Which trends are expected to transform the gynecological devices market?
The gynecological devices market is experiencing a growing trend of embracing technological innovations. To maintain their market relevance, businesses dealing in gynecological devices are incorporating cutting-edge technology. Taking an example from February 2023, Boston Imaging (Samsung), a medical imaging technology company based in the US, launched the Hera W10 Elite. This artificial intelligence-powered women’s health ultrasound system provides visualization of microcirculation and slow-moving blood in both 2D and 3D. The system also has an improved MV-Flow feature and a larger organic light-emitting diode (OLED) display. These enhancements facilitate better interpretation of ultrasound images used in obstetric and gynecological procedures, offering clinicians deeper diagnostic insights. Additionally, the system features an innovative transducer for endovaginal visualization of a fetus’s heart and brain. It also consists of enhanced AI features such as HeartAssist, ViewAssist, and BiometryAssist.
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What regions are contributing significantly to the growth of the gynecological devices market?
North America was the largest region in the gynecological devices market in 2024. 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
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