Press release
Gynecological Device Tools Market: Growth Trends and Projections 2024-2031
Gynecological Device Tools Market - DataM Intelligence
Gynecological Device Tools Market is estimated to reach at a CAGR of 11.2% during the forecast period (2024-2031)
Devices in gynecology, utilized by obstetricians and gynecologists, facilitate the treatment of the female reproductive system. These tools are instrumental in managing aspects of female reproductive health, pregnancy, and childbirth. They are employed in various procedures such as Loop Electrical Excision Procedure (LEEP), colposcopy, endometrial biopsy, Dilation and Curettage (D&C), Intrauterine Device (IUD) insertion, tubal ligation, and ovarian cystectomy.
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Market Dynamics
The growing awareness among women about cancer care is anticipated to fuel market expansion.
The escalating incidence of various cancers, including vulvar and vaginal cancer, is projected to propel the market in the forecast period. As per the 2022 data from the World Congress on Gynecology and Obstetrics (WCGO), oncologists are experts with extensive knowledge and training to diagnose and treat various cancers such as uterine, vulvar, vaginal, ovarian, and cervical cancer. They play a pivotal role in a woman's gynecologic cancer care. It's crucial to consult a gynecologic oncologist before initiating treatment to ensure appropriate care and therapy are provided based on the cancer stage. The European Society of Gynecologic Oncology and the Society of Gynecologic Oncology are professional organizations for gynecologic oncologists.
For gynecologic oncologists and other healthcare professionals involved in treating gynecologic cancers, the Gynecologic Oncology Group serves as a professional organization. Every September, awareness about gynecologic and ovarian cancer is promoted to educate women about the symptoms and signs for early diagnosis.
Moreover, market players are implementing strategies, including product launches and collaborations, to broaden their business scope. For example, in October 2021, Hologic, Inc. agreed to acquire Bolder Surgical, a U.S.-based company specializing in surgical devices. The acquisition will include laparoscopic dissecting, diving, and vessel sealing devices, such as Bolder's CoolSeal, the JustRight 5 mm stapler, and the JustRight 3 mm vessel sealer.
Additionally, in January 2022, The Women's Hospital at Jackson Memorial, HCA Florida Healthcare's Kendall Regional Medical Center, and AdventHealth Celebration began utilizing the Hominis Surgical System, a robotic surgical technology by Memic Innovative Surgery, for gynecological procedures.
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Market Segmentation
By Product Type
Gynecological Endoscopy devices
Endometrial Ablation Devices
Fluid Management Systems
Female Sterilization and Contraceptive Devices
Diagnostic Imaging Systems
Hand Instruments
Others
By End User
Hospitals
Ambulatory Surgical Centers
Diagnostic Centers
Gynecological Clinics
Market Key Players
Major players are Boston Scientific Corporation, Ethicon, Inc., Karl Storz Gmbh & Co. KG, Cooper Surgical, Inc., Hologic, Inc., Medtronic plc, Olympus Corporation, Stryker Corporation, Richard Wolf GmbH, and MedGyn Product Inc.
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