Press release
Hysteroscope Market 2021-2027 skyrocketed revenue with key players B. Braun Melsungen AG, CooperSurgical Inc., Hologic Inc., Karl Storz SE & Co. KG, MedGyn Products Inc, Medtronic PLC
The Hysteroscope Market is expected to register a CAGR of around 7.4%, during the forecast period 2021 to 2025.
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The Hysteroscope market is highly competitive and consists of a number of major players. Top Companies like B. Braun Melsungen AG, CooperSurgical Inc., Hologic Inc., Karl Storz SE & Co. KG, MedGyn Products Inc, Medtronic PLC, Olympus Medical Corporation, Richard Wolf GmbH, Stryker Corporation, Xion Medical GmbH
Industry News And Development:
Hologic to Acquire Mobidiag, Innovator in Near-Patient, Acute Care Diagnostic Testing, for Approximately $795 Million
April 8, 2021: Hologic, Inc. (Nasdaq: HOLX), a global leader in women's health, announced today that it has signed a definitive agreement to acquire Mobidiag Oy, a privately held, commercial-stage Finnish-French developer of innovative molecular diagnostic tests and instrumentation, for an enterprise value of approximately $795 million. This includes a cash payment of approximately $714 million (€600 million) for Mobidiag’s equity, and net debt of approximately $81 million.
Scope of the Report
A hysteroscope is used to assess the uterus for diagnosing abnormalities like heavy bleeding, severe cramping, frequent miscarriages, or problems related to conceiving. Hysteroscopes are used mainly for two purposes-operative and diagnostics.According to National Cancer Institute, in 2017, there were an estimated 793,846 women living with uterine cancer in the United States. Increasing incidence uterine cancer, have been the primary driving factor for the growth of this market. Also, growing demand for minimally invasive diagnosis and treatment equipment and technological advancements in the development of new hysteroscope technologies have also helped the market grow.
However, lack of trained professionals and risk of infection due to equipment have been restraining the growth of this market.
Key Market Trends
Rigid Non-Video Hysteroscope is expected to dominate the market
Rigid operative hysteroscopes are the diagnosis and surgery equipment that require assembly. Rigid Hysteroscopes are more durable than flexible hysteroscopes. The use of rigid hysteroscopes has increased recently as they allow both diagnosis and treatment. Rigid hysteroscopes are used is treatment for various uterine abnormalities like removing polyps and fibroids and treating uterine cancer.
According to the National Cancer Institute, approximately 3.1 percent of women will be diagnosed with uterine cancer at some point during their lifetime, based on 2015-2017 data. As number of these dreadful illnesses increase, the demand for equipment for diagnosis and treatment will also increase. This factor is expected to increase the growth of Rigid Non-Video Hysteroscopes.
North America is expected to dominates the market
According to National Cancer Institute, uterine cancer represents 3.6% of all new cancer cases in the United States. Hence as the prevalence and mortality rate of Uterine cancer increase, the demand for equipment for diagnosis and treatment for such illnesses will increase
Moreover, the United States is a developed country and has a well-structured healthcare system. As a result the expenditure on research and development for equipment that are minimally invasive and more effective is also high. Hence, owing to these factors, the United Sates is expected to cover a large share of Hysteroscope Market.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Hysteroscope Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.Â
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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