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Gynecological Devices Market Perspective by Comprehensive Analysis Growth Prediction to 2026

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The Global Gynecological Devices Market was valued at US$ 2,667.8 million in 2015 and is expected to witness a moderate CAGR of 6.3% during the forecast period (2016 – 2024). Most of the women worldwide are oblivious to the high risk of dreadful dis
Gynecological Devices Market Perspective by
Comprehensive Analysis Growth Prediction to 2026
Global Gynecological Devices Market, By Device Type (Surgical Devices, Hand
Instruments, Gynecological Chairs), End User (Hospitals, Surgical Centers), and
Geography - Trends, Analysis, and Forecast till 2024
The Global Gynecological Devices Market was valued at US$ 2,667.8 million in 2015 and is
expected to witness a moderate CAGR of 6.3% during the forecast period (2016 – 2024).
Most of the women worldwide are oblivious to the high risk of dreadful diseases such as cervical
cancer, pelvic pain, uterine fibroids, and vaginitis that they are susceptible to. The Centers for Disease
Control and Prevention (CDC) runs a National Breast and Cervical Cancer Early Detection Program
(NBCCEDP) that has been running successfully for over 20 years. The program aims to create
awareness and provide women in the low-income group or those who are uninsured, with regular breast
and cervical cancer screening and diagnostic services.
Early detection is vital in treating such diseases and such initiatives would propel growth of
gynecological imaging devices market. Increasing prevalence of gynecological diseases would propel
demand for gynecological surgical devices. The Obstetrics and Gynecology Devices Panel at the Food
and Drug Administration (FDA) reviews and evaluates the safety and effectiveness of investigational
and marketed gynecological devices to ensure patient safety.
Market Dynamics
Demand for gynecological devices would increase consequently with increasing gynecological
surgeries. Although drugs are the first line treatment for a majority of gynecological diseases, surgeries
are performed in severe conditions. Demand for such surgeries and consequently for devices used for
the same are driven majorly by increasing incidence of gynecological diseases such as cervical cancer,
uterine fibroids, endometriosis, vaginitis and pelvic inflammatory disease (PID). PID is the second
most common and serious complications among the women in the U.S.
According to the Endometriosis UK, 10% of the population of women worldwide is affected by
endometriosis (2016). Global female population in the age group of 15-64 years increased from 63% in
2010 to 65.6% in 2015 (World Bank). This age group is highly prone to gynecological problems, owing
to changing lifestyle and growing infection rates. Risk of gynecological problems increases with age.
Female population aged 65 years and above increased exponentially from 6.8% in 2010 to 8.2% in
2015 (World Bank). Need for gynecological devices is expected to increase considerably with this
growing aging population. This trend would further propel growth of the gynecological devices market.
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Gynecological examination requires meticulous approach to avoid diagnostic error. Specialized devices
such as vaginal speculums, curettes, forceps, and retractors are developed to ease the surgery.
Moreover, gynecological examination chairs makes conditional screening less cumbersome for the
gynecologist. Such innovative devices have augmented the gynecological devices market growth.
Growing incidence of gynecological conditions such vaginitis, endometriosis, and uterine fibroids
would generate demand for gynecological devices in hospitals and surgical centers. Cervical cancer is
one of the most prevalent condition among women worldwide. Growing incidence of cervical cancer
would propel the gynecological devices market growth during the forecast period (2016–2024).
Detailed Segmentation:
•Global Gynecological Devices Market, By Device Type:
•Surgical Devices
•Gynecological Endoscopy Devices
•Hysteroscope
•Colposcope
•Resectoscope
•Laparoscope
•Endoscopic imaging systems
•Endometrial Ablation Devices
•Hydrothermal ablation devices
•Radiofrequency ablation devices
•Balloon ablation devices
•Others (cryotherapy, microwave, laser)
Highly populous emerging economies to be major target markets
The Centers for Disease Control and Prevention (CDC) runs a National Breast and Cervical Cancer
Early Detection Program (NBCCEDP) to create awareness and provide women in the low-income
group or those who are uninsured, with regular breast and cervical cancer screening and diagnostic
services. Growing awareness initiatives for women population is creating a demand for early diagnosis
of a disease.
Improving healthcare infrastructure would be an effective driver for gynecological devices market
growth. A study published in the Journal of Mid-Life Health in 2014 concluded that nearly 90% of
surgeries in rural India were conducted without histopathological diagnosis. However, healthcare
investment in India is increasing which is expected to establish more hospitals and surgical centers
thus, driving growth of the gynecological devices market.
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ravikiran
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