Gynecology Device Market Are Expected to Increase At CAGR of 14.6% Through 2032 | Medtronic plc; Cooper Surgical, Inc.; Richard Wolf GmbH.; Hologic, Inc

The global gynecology devices market was valued at USD 10.7 billion in 2022 and it is anticipated to grow further till USD 41.6 billion by 2032, at a CAGR of 14.6% during the forecast period.

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Gynecology Devices are instruments used only in gynaecological procedures. These procedures include uterine fibroid remobilization, assisted reproduction, hysteroscopy, colposcopy, female sterilisation, pelvic floor electrical stimulation, endometrial resection, fluid management, pelvic organ prolapsed repair, and many others. A gynaecological device is a piece of apparatus used during surgery or an operation to carry out certain tasks or achieve specific outcomes, such as altering biological tissue or providing access to monitor it.

Market Trends and Drivers

Gynecology Devices Market growth is being driven by the rising incidence of gynecological disorders like cervical cancer, ovarian cancer, uterine cancer, and vaginal cancer worldwide. Over 90% of cervical cancer deaths occur in low- and middle-income countries, according to the World Health Organization. Gynecology Devices Market growth is being fueled by the creation of cutting-edge technologies like endometrial ablation devices, the recent idea of female sterilization, and contraceptive devices, as well as an increase in women's health consciousness. Endometriosis and menstrual cramps are two gynecological conditions that may or may not be related to the menstrual cycle (abnormally located patches of tissue located only in the lining of the uterus).

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Major Players in the Global Gynecological Devices Market

The report analyses the major players of the gynecological devices such as Medtronic plc; Cooper Surgical, Inc.; Richard Wolf GmbH.; Hologic, Inc.; Boston Scientific Corp.; Stryker Corp.; Karl Storz GmbH & Co. KG; Ethicon, Inc., Cook Medical, Bayer AG, Gynemed, and Gynex Corp. among others.

COVID-19 Impact

Due to the cancellation and postponement of elective surgeries, the pandemic has had a significant negative impact on the sector. For instance, according to an article in the Virtual Health Library, the epidemic caused the cancellation or postponement of almost 28 million procedures. Following the deferral of elective and non-elective surgeries by the National Health Agency (ANS) and National Health Surveillance Agency, there was an estimated 33.4% decline in surgical procedures in Brazil. The sector is anticipated to grow profitably in the near future as a result of the adoption of cutting-edge technologies and an increase in surgical procedures performed around the world. For instance, Boston Scientific Corp. reported a 13.3% growth in the urology and pelvic health segment and an 18% increase in the company's consolidated net sales for endoscopy.

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Global Gynecology Devices Market Segmentation

By Surgical Devices

Gynecological Endoscopy Devices
Endometrial Ablation Devices
Fluid Management Systems
Female Sterilization/Contraceptive Devices

By End User

Hospitals & Clinics
Diagnostic Centers

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