By Infinium Global Research Aug, 2020
The Global Gynaecological Devices Market is expected to grow at a CAGR of 8.50% between 2019 and 2025 in terms of value. Increasing incidences of female reproductive organ cancers and related diseases are primarily driving the growth of the gynecological devices market. Moreover, rising awareness regarding sexually transmitted diseases is expanding the demand for gynecological devices. Additionally, the growing demand for contraceptive equipment is propelling the growth of the market. However, the dearth of skilled gynecologists and surgeons especially in the rural areas of developing economies could impede the growth of gynecological devices market. Furthermore, the development of minimally invasive gynecologic surgery and robotic gynecologic surgery is anticipated to positively impact the growth of the gynecological devices market.
The global gynecological devices market is bifurcated into product and end-user. Based on the product, the market is segmented into gynecological endoscopy devices, fluid management systems, endometrial ablation devices, contraceptive devices/ female sterilization, hand instrument, gynecological chairs, and diagnostic imaging systems. The gynecological endoscopy devices segment is expected to hold a significant share of 34.10% in the year 2018 due to their capability to diagnose the most frequent female disorders and pathologies such as small vaginal hemorrhages and some infertility problems. On the basis of End-User, the market is classified into the surgical/diagnostic center, hospitals, and clinics. The hospital segment among the end-user dominated the market accounting for 49.82% of the total market share in 2018.
Geographically, the global gynecological devices market is classified into North America, Europe, Asia Pacific, and RoW. The North America region held a significant share of 38.25% in the global gynecological devices market in 2018 and it is expected to hold dominance during the forecast period. The factors such as well-developed healthcare infrastructures, the lifestyle of women lead to an increase of different diseases, and an increase in the elderly female population in Europe and North America strengthening the growth of the market. Moreover, Asia Pacific is witnessing the highest growth rate of 10.56% in the coming years. The presence of a large patient pool in China and India as a primary boosting factor augmenting the growth of gynecological devices market. Moreover, the government’s initiative about women's health and improving healthcare infrastructure are some factors responsible for the growth of gynecological Devices Market in the Asia Pacific region.