Gynecological Devices Market Expected to be Valued at US $22.6 Billion by 2023: Transparency Market Research

Mar 02, 2016, 10:30 ET from Transparency Market Research

ALBANY, New York, March 2, 2016 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Gynecological Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023", global gynecological devices market was valued at US$14.9 bn in 2014 and is projected to reach US$22.6 bn in 2023 at a CAGR of 4.8% from 2015 to 2023.

The continued growth in the global gynecological devices market is attributed to the changing lifestyle in the modern world, and increase in per capita income in the emerging markets. Prevalence of gynecological diseases such as menorrhagia, uterine fibroids, and cervical cancers has increased globally. The report on global gynecological devices market has been segmented on the basis of product type and geography. The products include surgical devices, hand instruments, diagnostic imaging systems, and gynecological chairs market. The gynecological surgery devices include fluid management systems, female sterilization and contraceptive devices, endoscopy devices, and endometrial ablation devices.

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Amongst the major product segments, diagnostic imaging systems is expected to growth at a CAGR of 5.8% during the forecast period from 2015 to 2023. Technological innovation such as incorporation of efficient lighting in diagnostic systems and growth in preference for early detection and prevention of gynecological diseases are the major drivers of this segment. Surgical devices accounted for the largest share in the global gynecological devices market due to sheer number of devices and the uniqueness in their applications. Presently, the female sterilization and contraceptive devices dominate the market in terms of revenue, and its market share will continue to remain largest in the 2023. Fluid management systems are expected to witness highest growth among the surgical device segment.

Geographically, this report covers the global gynecological devices market into North America, Europe, Asia Pacific, Latin America, and Rest of the World (RoW). In 2014, North America held the largest share of the global gynecological devices market and will continue to dominate the global gynecological devices market. However, the presence of large patient pool, rising preference for minimally invasive procedures, and improving macroeconomic environment in Asia Pacific offers a promising market for gynecological devices in the near future.

Market Players: 

Some of the key companies profiled in this report include Boston Scientific Corporation, Hologic, Inc., CooperSurgical, Inc., Ethicon, Inc., Karl Storz GmbH, Medtronic, Inc., Olympus Corporation, Richard Wolf GmbH, and Stryker Corporation.

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Global Gynecological Devices Market is segmented as below:  

  • Global Gynecological Devices Market, by Product Types 
    • Surgical devices
      • Gynecological endoscopes
      • Endometrial ablation devices
      • Gynecologic fluid management systems
      • Female sterilization and contraceptive devices
    • Hand instruments
      • Vaginal Speculum
      • Tenaculum
      • Curettes
      • Trocars
      • Biopsy forceps
      • Others
    • Diagnostic imaging systems
      • Ultrasound
      • Mammography
    • Gynecological chairs
      • Fixed-height gynecological chairs
      • Adjustable-height gynecological chairs 
  • Global Gynecological Devices Market, by Geography 
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Rest of the World

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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