Myomectomy Market Forecast Reaching $2.23 Billion by 2029 at 8.2% CAGR
Discover trends, market shifts, and competitive outlooks for the myomectomy industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Estimated Market Size of the Myomectomy Market In 2029?
The market size for myomectomy has seen robust growth over the past few years. The value is expected to rise from $1.5 billion in 2024 to $1.62 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.5%. The factors contributing to growth during the historic period include an increase in incidences of uterine fibroids, advancements in surgical techniques, better knowledge of treatment alternatives, growing patient requirements for effective remedy, and continuous enhancements in healthcare facilities.
In the upcoming years, the myomectomy market is predicted to experience significant growth, reaching a value of $2.23 billion in 2029 with a compound annual growth rate of 8.2%. Factors contributing to this anticipated growth during the forecast timeframe encompass an increase in the number of women opting for fertility-preservation procedures, wider availability of expert gynecological care, a boost in funding for innovative health technology, and a rising occurrence of uterine complications. Additionally, escalated spending on sophisticated surgical procedures is also a contributing dynamic. Key trends for the future comprise the adaptation of minimally invasive and robotic-assisted surgeries, the application of artificial intelligence in surgical preparation, genetic profiling for personalized treatment methods, advancements in non-invasive diagnostic instruments, a surge in patient preference for fertility-preserving alternatives, worldwide expansion of access to revolutionary surgical technologies, concentration on patient-focused care, and improvements in post-surgery recovery.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Myomectomy Market?
The increase in uterine disorders is anticipated to fuel the expansion of the myomectomy market. Uterine disorders encompass various health conditions that impact the uterus, like fibroids, endometriosis, and uterine cancer, resulting in symptoms such as pain, irregular bleeding, and sterility. This escalating prevalence is accredited to elements including heightened awareness, delayed childbirth, hormonal disorders, and changes in lifestyle. Myomectomy is employed in treating uterine disorders to surgically extract fibroids, alleviating symptoms including pain, severe bleeding and fertility issues whilst conserving the uterus. For instance, as cited by Cancer Australia in January 2024, a cancer-management agency based in Australia, uterine cancer led to 561 fatalities in the country during 2020, with an expected rise to 667 by 2022. Consequently, the escalating prevalence of uterine disorders is stimulating the myomectomy market expansion. The myomectomy market’s growth is expected to be fuelled by the increasing demand for minimally invasive techniques. These surgical procedures involve small cuts or natural body passages to reach and treat interiors structures, organs, or tissues, thereby reducing trauma to the patient’s body. These techniques provide not only medical but also financial and aesthetic advantages that appeal to both patients and healthcare providers, therefore driving their growing demand across various medical specialities. Occlusion devices, which are employed in these minimally invasive procedures to block blood vessels, ducts, or other channels in the body, are often utilised in interventional cardiology, radiology, and other fields for treating conditions like aneurysms, abnormal blood circulation, or congenital heart abnormalities. For instance, Intuitive Surgical Inc., a US-based technology company specialising in minimally invasive care products, reported in January 2023 that approximately 1,875,000 surgeries were executed with Vinci surgical systems in 2022, marking roughly an 18% increase compared to approximately 1,594,000 surgeries executed in 2021. This growing demand for minimally invasive techniques propels the myomectomy devices market growth.
Which Key Market Segments Comprise the Myomectomy Market and Drive Its Revenue Growth?
The myomectomy market covered in this report is segmented –
1) By Type: Abdominal Myomectomy, Hysteroscopic Myomectomy, Laparoscopic Myomectomy
2) By Product: Laparoscopic Power Morcellators, Harmonic Scalpel, Laparoscopic Sealer, Other Products
3) By End-User: Hospitals And Clinics, Surgical Centers, Medical Device Companies, Other End-Users
Subsegments:
1) By Abdominal Myomectomy: Open Abdominal Myomectomy (Laparotomy), Mini-Laparotomy Myomectomy
2) By Hysteroscopic Myomectomy: Resectoscopic Myomectomy, Non-Resectoscopic Techniques
3) By Laparoscopic Myomectomy: Conventional Laparoscopic Myomectomy, Robotic-Assisted Laparoscopic Myomectomy
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Which Areas Are Leading Regions in the Myomectomy Market Expansion Across the Globe?
North America was the largest region in the myomectomy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the myomectomy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which Emerging Trends that Are Influencing the Myomectomy Industry Evolution?
The key players in the myomectomy market are focusing on developing innovative gynecological procedures, like tissue extraction systems, to enhance surgical outcomes and provide less invasive options for patients undergoing myomectomy. Specifically, the Tissue Extraction System is a medical tool designed to facilitate the removal of large tissue samples during minimally invasive gynecologic surgeries, among them myomectomy. In an example from November 2022, Olympus Corporation, an optics and reprography product manufacturer based in Japan, brought out the New Gynecologic Power Morcellator. As an element of Olympus’ integrated tissue extraction system, the Morcellation Morcellator is specifically created for advanced gynecological procedures involving large, calcified tissue samples. In conjunction with the PneumoLiner containment device, it offers certain patients a less invasive alternative to open hysterectomy or myomectomy.
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How Is the Myomectomy Market Conceptually Defined?
Myomectomy is a surgical procedure designed to remove uterine fibroids (benign growths) while keeping the uterus intact. It helps relieve symptoms such as heavy bleeding, pain, and pressure associated with fibroids. This procedure can also enhance fertility and is often recommended for women who want to preserve their uterus.
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