Gynecological Devices Market Size, Share Analysis And Forecast Report 2024 To 2033

The Business Research Company recently released a comprehensive report on the Global Gynecological Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The gynecological devices market size has grown strongly in recent years. It will grow from $12.44 billion in 2023 to $13.51 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to introduction of laparoscopic surgery, development of intrauterine devices (iuds), evolution of hysteroscopy, emergence of robotic surgery, diagnostic imaging advancements..

The gynecological devices market size is expected to see strong growth in the next few years. It will grow to $18.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rise in women's healthcare spending, advancements in robotic surgery, personalized treatment approaches, expanding ambulatory surgical centers.. Major trends in the forecast period include minimally invasive procedures, shift towards ambulatory settings, focus on women's health awareness, patient-centric approach, research and development investments..

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Market Drivers and Trends:

The increasing prevalence of gynecological disorders is expected to propel the growth of the gynecology devices market going forward. A gynecological disorder is a condition that interferes with the normal function of female reproductive organs such as the breasts and abdominal and pelvic organs. Gynecology devices are used to control the female reproductive system, including pregnancy and childbirth and they are used to perform various medical producers such as colposcopy, loop electrical excision procedure (LEEP), endometrial biopsy, IUD insertion, dilation and curettage (D&C), tubal ligation, ovarian cystectomy, and others. For instance, in March 2023, according to the World Health Organization (WHO) report, a Switzerland-based intergovernmental organization, endometriosis affects around 190 million women and girls of reproductive age worldwide. Additionally, in January 2023, according to the report published by the American Cancer Society, a US-based non-profit organization, approximately 13,960 new cases of invasive cervical cancer are projected to be diagnosed in 2023, with an estimated 4,310 women facing mortality due to cervical cancer during the same period. Therefore, the increasing prevalence of gynecological disorders is driving the growth of the gynecological devices market.

Technological advancements are a key trend gaining popularity in the gynecological devices market. Companies operating in the gynecological devices market are adopting new technologies to sustain their position in the market. For instance, in February 2023, Boston Imaging (Samsung), a US-based company operating in medical imaging technology, introduced Hera W10 Elite, an artificial intelligence-enabled women's health ultrasound system that allows for the visualization of microcirculatory and sluggish blood in 2D and 3D. Hera W10 Elite offers an advanced MV-Flow function as well as a larger organic light-emitting diode (OLED) display, which allows for better characterization of various ultrasound images that are used in obstetrics and gynecology procedures to provide greater diagnosis insight for clinicians. Furthermore, the platform includes a novel transducer that allows endovaginal visualization of the fetal heart and brain. HeartAssist, ViewAssist, and BiometryAssist are enhanced AI aspects of the system.

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Major Key Players of the Market:

Medtronic plc; CooperSurgical Inc.; Richard Wolf GmbH; Hologic Inc.; Boston Scientific Corporation; Stryker Corporation; Karl Storz SE & Co. KG; Ethicon Inc.; MedGyn Products Inc.; General Electric Company; Fresenius Medical Care AG & Co. KGaA; Gynex Corporation; Bayer AG; Gynemed Medizinprodukte GmbH & Co. KG; Meril Life Sciences Pvt. Ltd.; Siemens AG; Cook Group Inc.; B. Braun Melsungen AG; Siemens Healthineers AG; Smith & Nephew plc; Steris Corporation; TransEnterix Inc.; Endologix Inc.; Abbott Laboratories; Fujifilm Holdings Corporation; Koninklijke Philips N.V.; Medline Industries Inc.; Mindray Medical International Limited; Olympus Medical Systems Corporation; Cardinal Health Inc.

Gynecological Devices Market 2024 Key Insights:

• The gynecological devices market will grow to $18.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• The Surge In Gynecological Disorders Propelling Growth In The Gynecology Devices Market
• Technological Advancements Transforming The Landscape Of The Gynecological Devices Market
• North America was the largest region in the gynecological devices market in 2023

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