Global Gynecological Devices Market is valued at approximately USD 8.54 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.62% over the forecast period 2022-2029. Gynecology is the study of health issues relating to the reproductive system including the vagina, uterus, and ovaries. Gynecological devices are high in demand owing to the growing need for identifying gynecological diseases.
Gynecological devices, such as surgical devices, handheld instruments, and diagnostic imaging systems are monitoring and surgical equipment that is used for curing gynecological diseases and disorders. The market is majorly driven by the factors such as the increasing volume of surgical procedures, the rise in initiatives promoting routine checkups, coupled with the growing R&D activities for the introduction of technically advanced products.
Request For a Free Sample Report- https://reportocean.com/industry-verticals/sample-request?report_id=bw6834
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The growing incidences of gynecological disorders are acting as a primary factor that is propelling the market demand. As per the Frontiers Journal article published in 2021, it was estimated that PCOS population-based pool prevalence is approximately 5 to 9% worldwide. In addition, according to the American Cancer Society 2022, there were approximately 65,950 new incidences of uterine corpus (uterine body) cancer reported in the United States during 2022. These projections involve both uterine sarcomas and endometrial cancers.
Therefore, the high prevalence of gynecological disorders among populations is fueling the demand for gynecological devices for the diagnosis and treatment of these health complications. Furthermore, growing public awareness, as well as rising investment in the development of healthcare facilities is accelerating the market growth in the forecasting years. However, the rise in the adoption of alternate therapies and stringent regulatory guidelines is hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Gynecological Devices Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the growing awareness about the availability of diagnostic tests & treatments and the presence of well-established healthcare infrastructure. Whereas, Asia Pacific is also expected to grow at the highest CAGR during the forecast period. Factors such as the growing prevalence of gynecological disorders, increasing population, and rising surgical procedures burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Medtronic plc
Cooper Surgical, Inc.
Richard Wolf GmbH
Hologic, Inc.
Boston Scientific Corp.
Stryker Corp.
Karl Storz GmbH & Co. KG
Ethicon, Inc. (Johnson & Johnson MedTech)
Cook Medical
Bayer AG
Recent Developments in the Market:
In October 2021, Hologic, Inc. announced that the company acquire Bolder Surgical based in the US. The acquisition includes laparoscopic dissecting, diving, and vessel sealing devices such as Bolder’s CoolSeal, the JustRight 5 mm stapler, and JustRight 3 mm vessel sealer.
In 2020, Minerva Surgical declared the acquisition of Boston Scientifics intrauterine health brand. The main objective of this acquisition is to expand the company’s product line for the treatment of abnormal uterine bleeding (AUB).
Request To Download Full Report – https://reportocean.com/industry-verticals/sample-request?report_id=bw6834
Global Gynecological Devices Market Report Scope:
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, End Use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Surgical devices
Handheld Instruments
Diagnostic Imaging Systems
By End Use:
Hospital & Clinics
Ambulatory Surgery Centers
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Download Sample Report-https://reportocean.com/industry-verticals/sample-request?report_id=bw6834
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
The following are the market elements blanketed in this report:
Important Market Strategic Developments:
The lookup covers the primary strategic market developments, such as R&D, M&A, agreements, new product launches, collaborations, partnerships, joint ventures, and regional enlargement of the main opponents working in the market on a countrywide and worldwide level.
Key Market Features in Global Market:
The record assessed key market features, consisting of revenue, capacity, price, ability utilization rate, manufacturing rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The learn about additionally provides a thorough evaluation of the most necessary market elements and their most current developments, as nicely as pertinent market segments and sub-segments.
Analysis’s Key Market Indicators & Method
Using a range of analytical methodologies, the learn about makes use of in-depth lookup and contrast to current data on the main market gamers and their function inside the industry. Analytical techniques, such as Porter’s 5 forces analysis, feasibility studies, SWOT analyses, and ROI analyses have been used to take a look at the improvement of the primary market players.
Request Full Report-https://reportocean.com/industry-verticals/sample-request?report_id=bw6834
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.com