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Uterine Fibroid Embolization Device Market Share Analysis, Trends And Forecast 2033
Uterine Fibroid Embolization Device Market Share
As per the report, the uterine fibroid embolization device market size has grown strongly in recent years. It will grow from $5.3 billion in 2023 to $5.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The uterine fibroid embolization device market size is expected to see steady growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
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Minimally Invasive Surgery Driving Growth In Uterine Fibroid Embolization Device Market
The growing demand for minimally invasive surgeries is expected to propel the growth of the uterine fibroid embolization device market going forward. Minimally invasive surgeries refer to surgical approaches that use small incisions or natural body openings to access and treat internal structures, organs, or tissues to minimize trauma to the patient's body. Uterine fibroid embolization devices are essential tools that enable minimally invasive surgeries to treat uterine fibroids effectively. These specialized devices are meticulously designed to minimize invasiveness by using small incisions, reducing the impact on surrounding tissues. They cater to the increasing demand for less invasive medical procedures, ultimately improving patient outcomes. For instance, in January 2023, according to Intuitive Surgical Inc., a US-based technology corporation specializing in minimally invasive care products, in 2022, approximately 1,875,000 surgical procedures were performed with vinci surgical systems, an increase of approximately 18% compared with approximately 1,594,000 surgical procedures performed in 2021. Therefore, the growing demand for minimally invasive surgeries drives the growth of the uterine fibroid embolization device market.
Innovative Products Enhancing Minimally Invasive Treatment Of Uterine Fibroids
Major companies operating in the uterine fibroid embolization device market are developing innovative products such as the TruClear system to address the growing need for minimally invasive treatments for uterine fibroids and improve the safety and efficacy of treatment for uterine fibroids. The TruClear system is a mechanical hysteroscopic tissue removal system that is used to treat intrauterine abnormalities (IUA). It is a flexible catheter that is inserted into the uterus through the cervix. For instance, in November 2022, Medtronic Private Limited, an India-based industrial medical equipment manufacturer, launched the new TruClear system. This mechanical hysteroscopic tissue removal system treats intrauterine abnormalities (IUA). It is a safe and effective option for the treatment of IUA. Additionally, it is a compact, flexible catheter with a spinning nitinol wire loop, continuous inflow and outflow, integrated suction, and high-definition imaging, which contributes to improving the precision and safety of uterine fibroid treatment methods.
The uterine fibroid embolization device market covered in this report is segmented -
1) By Technology: Surgical Techniques, Laparoscopic Techniques, Ablation Techniques, Embolization Techniques
2) By Mode Of Treatment: Invasive Treatment, Minimally Invasive Treatment, Non-Invasive Treatment
3) By End User: Hospitals, Clinics, Ambulatory Surgical Center
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Major companies operating in the uterine fibroid embolization device market report are Johnson and Johnson Pvt Ltd., Abbott Laboratories, Medtronic plc., Siemens Healthineers Ltd., Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, GE HealthCare Technologies Inc., Olympus Corporation, Terumo Corporation, Smith and Nephew plc., Ethicon Inc., Hologic Inc., CooperSurgical Inc., Ferring B.V., Cook Medical Inc., Karl Storz GmbH, Merit Medical Systems, CONMED Corporation, Amsino International Inc., Lumenis Ltd., Richard Wolf GmbH, BTG International Ltd., Healthium MedTech Pvt. Ltd. , INSIGHTEC Ltd., Hironic Co.Ltd, Minerva Surgical Inc., Gynesonics Inc., Advanced Surgical Concepts PLLC, Hitachi Medical Corporation
Contents of the report:
1. Executive Summary
2. Uterine Fibroid Embolization Device Market Report Structure
3. Uterine Fibroid Embolization Device Market Trends And Strategies
4. Uterine Fibroid Embolization Device Market - Macro Economic Scenario
5. Uterine Fibroid Embolization Device Market Size And Growth
…..
27. Uterine Fibroid Embolization Device Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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