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Global Gynecological Devices Market expected to reach USD 19.50 Billion by 2021: Zion Market Research

According to the report, the global gynecological devices market accounted for around USD 14.50 billion in 2015 and is expected to reach approximately USD 19.50 by 2021, growing at a CAGR of around 5.0% between 2015 and 2021.

/EIN News/ -- Sarasota, FL, Dec. 02, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Gynecological Devices Market by Surgical Device (Gynecological Endoscopy Devices, Endometrial Ablation Devices, Fluid Management Systems and Female Sterilization and Contraceptive Devices) by Hand Instrument (Vaginal Speculum, Tenaculum, Curettes, Trocars, Biopsy Forceps and Others) and by Diagnostic Imaging System (Ultrasound and Mammography) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”.  According to the report, the global gynecological devices market accounted for around USD 14.50 billion in 2015 and is expected to reach approximately USD 19.50 by 2021, growing at a CAGR of around 5.0% between 2015 and 2021. 

A gynecologist is a general practitioner with special learning and proficiency in the field of women’s' health and reproduction.  A gynecologist has the appropriate medical, surgical and obstetrical knowledge and skills for the prevention, diagnosis, and management of a wide range of conditions that affect women's reproductive and gynecological health. The specialty of obstetrics and gynecology can be divided into two parts. Obstetrics concentrates on the care and treatment before and during pregnancy, and after the child is born. Gynecology is concerned with the treatment of diseases and disorders of the female reproductive system. Various devices such as gynecology endoscopy device, ultrasound sonography, and vaginal speculum are some of the common devices used during obstetrics and gynecological practice.

Browse through 33 Market Tables and 38 Figures spread over 110 Pages and in-depth TOC on “Global Gynecological Devices Market: By Device Type, Applications, Size, Share, Industry Segment and Forecast 2015-2021”.

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The global gynecological devices market was expected to witness the highest growth over the forecast period due to increase in the prevalence of gynecological disorders across the globe. Moreover, the rise in the acceptance of minimally invasive procedures is also considered as a major governing factor which promotes the demand for gynecological devices market. Furthermore, many lifestyle-related factors, such as having multiple sex partners, smoking, obesity, unsafe sex and inherited HPV-positive patient, are estimated to drive the gynecological devices market. In addition, the increase in healthcare expenditure is also considered as a major driving factor for the growth of gynecological devices market. However, delay in the approvals by regulatory authorities would hinder the growth of the gynecological devices market.

Based on surgical device, the global gynecological devices market is segmented into four types: gynecological endoscopy devices, endometrial ablation devices, fluid management systems and female sterilization and contraceptive devices. In terms of revenue, gynecological endoscopy devices were the leading segment in surgery device market in 2015 and the same is expected to be the largest and fastest growing segment during the forecast period. This growth is attributed due to rising number of hospitals and growing hospital investments in endoscopy instruments. In addition, growing the patient preference for minimally invasive surgeries is a key driving factor for the growth of gynecology endoscopy market.

Browse the full "Gynecological Devices Market by Surgical Device (Gynecological Endoscopy Devices, Endometrial Ablation Devices, Fluid Management Systems and Female Sterilization and Contraceptive Devices) by Hand Instrument (Vaginal Speculum, Tenaculum, Curettes, Trocars, Biopsy Forceps and Others) and by Diagnostic Imaging System (Ultrasound and Mammography) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/gynecological-devices-market

Based on hand instruments, the global gynecological devices market is segmented into six types: vaginal speculum, tenaculum, curettes, trocars, biopsy forceps, others. In diagnostic imaging system segment, vaginal speculum was the leading segment in 2015 and this segment will remain in continuous growth during forecast periods due to the continuous rise in HPV virus infection and prevalence of cervical cancer across the globe.

Based on the diagnostic imaging system, the global gynecological devices market is segmented into two types: ultrasound and mammography. In diagnostic imaging system segment, ultrasound sonography was the leading segment in 2015 and this segment will remain in continuous growth during forecast periods due to the continuous rise in demand across the globe.

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North America is expected to witness the highest growth within the forecast period owing to the favorable healthcare infrastructure, high awareness levels, and favorable government initiatives in the U.S. on female cancer which include breast cancer, vaginal cancer, and cervical cancer. North America has been the leading regional consumer market for gynecology devices in 2015; it holds more than 40% of the global market by revenue. However, stringent government regulation and delay in the approvals by regulatory authorities can curb the growth and demand for gynecology device market. In addition, high literacy rate coupled with the increase in a number of health care centers are likely to drive the growth of the gynecological devices market.

Asia Pacific is accepted to be the second-largest region in terms of gynecology devices revenue generation. It is expected to expand at a CAGR of 5.0% from 2015 to 2021. Asia Pacific is expected to be the fastest regional segment for the gynecology devices market in 2015 within the forecast period due to the rapid spread of gynecological disorder in this region. According to the World Health Organization (WHO), cervical cancer accounts for deaths of more than 270,000 women each year, primarily in the developing countries. The growing number of medical sector and literacy rate in developing countries like China and India is likely to bring growth avenues in gynecology device market.

Growing percentage of the geriatric female population considered as a major driving factor for the growth of gynecology device market in Europe. This region is expected to witness the continuous growth on account of rising healthcare expenditure in France, Germany and other European countries with the continuous rise in gynecological disorder population.  

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global gynecological devices market include Medtronic plc, Richard Wolf GmbH., Cooper Surgical, Inc., Stryker Corporation, Hologic, Inc., Boston Scientific Corporation, Karl Storz GmbH& Co. KG, and Ethicon, Inc.

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This report segments the global gynecological devices market as follows:

Global Gynecological Devices Market: Surgical Device Analysis

  • Gynecological Endoscopy Devices
  • Endometrial Ablation Devices
  • Fluid Management Systems
  • Female Sterilization And Contraceptive Devices

Global Gynecological Devices Market: Hand Instruments Analysis

  • Vaginal Speculum
  • Tenaculum
  • Curettes
  • Trocars
  • Biopsy Forceps
  • Others

Global Gynecological Devices Market: Diagnostic Imaging System Analysis

  • Ultrasound
  • Mammography

Global Gynecological Devices Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • U.K.
    • Germany
    • France 
  • Asia Pacific
    • China 
    • Japan 
    • India
  • Latin America
    • Brazil
  • Middle East And Africa

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