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Endometrial Ablation Devices Market 2024-2033: Size, Growth Estimation, and Industry Insights
Endometrial Ablation Devices Global Market Report 2024
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According to The Business Research Company's, The endometrial ablation devices market size has grown strongly in recent years. It will grow from $3.52 billion in 2023 to $3.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to changing attitudes towards women's health, rising incidence of abnormal uterine bleeding, demand for alternative to hysterectomy, shift towards outpatient procedures.
The endometrial ablation devices market size is expected to see strong growth in the next few years. It will grow to $4.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growing awareness and education, emphasis on fertility preservation, personalized medicine approach, regulatory support and guidelines, focus on office-based procedures. Major trends in the forecast period include integration of telemedicine and remote consultations, standardization of protocols, shift towards non-hormonal treatment, integration of patient-centric care, development of safer procedures.
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Market Drivers and Trends:
The prevalence of gynecological disorders is expected to propel the growth of the endometrial ablation devices market going forward. Gynecological disorders refer to medical conditions that specifically affect the female reproductive system. These disorders can include various conditions such as menstrual disorders, endometriosis, PCOS, uterine fibroids, pelvic inflammatory disease (PID), and ovarian cysts, among others. Endometrial ablation devices are procedural devices that are used to treat gynecological disorders by destroying the lining of the uterus (endometrium), which can help reduce or stop heavy menstrual bleeding and treat adenomyosis and endometrial hyperplasia. For instance, in June 2023, according to the World Health Organization, a Switzerland-based specialized health agency committed to global public health, PCOS affects 8-13% of reproductive-aged women, and worldwide, up to 70% of afflicted women go misidentified. Therefore, the increase in the prevalence of gynecological disorders is driving the growth of the endometrial ablation devices market.
Product innovation is a key trend gaining popularity in the endometrial ablation devices market. Major companies operating in the endometrial ablation devices market are developing innovative products to sustain their position in the market. For instance, in November 2021, Hologic, Inc., a US-based health technology company, launched the NovaSure V5 endometrial ablation device. This innovative product is an advanced global endometrial ablation (GEA) device to address abnormal uterine bleeding in women. It offers a simplified solution to reduce or stop menstrual bleeding by delivering radiofrequency energy to ablate the endometrial lining of the uterus. Additionally, it includes various technological features such as sure clear technology, end form technology, and smart depth technology. With its enhanced efficacy and versatility, the device aims to provide a more comfortable and effective treatment option for women suffering from abnormal uterine bleeding.
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Major Key Players of the Market:
Johnson and Johnson Private Limited, Medtronic Plc., Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, Smith And Nephew plc., Hologic Inc., C R.Bard Inc., Cooper Companies Inc., Cook Medical, Karl Storz GmbH And Co. KG, Biotronik SE And Co. KG, B. Braun Medical Inc., Richard Wolf GmbH, Aesculap Inc., AngioDynamics, Gyrus ACMI Inc., Minerva Surgical Inc., Minerva Surgical Inc., Lina Medical ApS, Biolitec AG, AEGEA Medical Inc., Albyn Medical,Channel Medsystems Inc., CathRX Ltd, Ecleris Srl., Idoman Teoranta, Surkon Medical Co. Ltd, Omnitech Systems Inc., Veldana Medical SA.
Endometrial Ablation Devices Market 2024 Key Insights:
• The endometrial ablation devices market size is expected to see strong growth in the next few years. It will grow to $4.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Expanding Endometrial Ablation Devices Market In Response To The Rising Prevalence Of Gynecological Disorders
• Pioneering Product Innovations Drive Advancements In The Endometrial Ablation Devices Market
• North America was the largest region in the endometrial ablation devices market in 2023
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