Gynecological Devices Market to witness strong growth in coming years
Date: 2018-10-02   Author: Rahul Sankrityayan  Category: #market

Gynecological Devices Market to witness strong growth in coming years

Gynecological Devices Market size is expected to experience significant growth from 2018 to 2024.Gynecological devices market will witness significant growth due to rising incidences of female reproductive systems diseases. The prevalence of gynecological disorders in women such as ovarian cysts, uterine fibroids, endometriosis, menstrual disorders and other general gynecological issues will affect the physical health, psychology, social life and sexual functions in a woman will impact the use of gynecology devices. The women healthcare mainly focuses on prevention of infections and dysfunctions of reproductive organ and these untreated issues will drive the market growth of the gynecological device market.

Increased healthcare expenditures and launch of new government initiatives regarding the women health has improved the quality of healthcare services, resulting in production of innovative gynecological devices. Government spending on healthcare is a primary way of financing health services for better health outcomes. According to a survey, the U.S. healthcare expenditure increase by 5% in 2015, owing to new researches and developments in the field of obstetrics and gynecology. Increasing healthcare expenditure will propel the demand for gynecological devices boosting the market growth.

The high cost of the surgical procedures such as caesarean section and hysterectomy will hamper the market growth. Use of latest technologies such as minimal invasive technique and surgical robots will result in increase in the cost of the surgical procedures. However, economic feasibility of robot surgeries remains big concern and with further development, the high cost of the surgical procedures will hamper the growth of the Gynecological device market in the upcoming future.

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Gynecological endoscopy will witness significant amount of growth due to rising incidences of female disorders such as endometrial polyps and infertility problems. Gynecological endoscopy provides early recovery and less port-operational complications. Prevalence of female disorders such as infertility due to changing lifestyle patterns, smoking, physical inactivity, excess body weight result in changes in reproductive patterns. In U.S., around 5 million women have Endometriosis, major cause of female infertility. Hence, the important technological advances along with miniaturization and sophistication of the equipment will provide great amount of opportunities for the gynecological device market to grow.

Hospitals will show significant growth in the upcoming future due to rising prevalence of female reproductive system disorders, increasing expenditure on healthcare and rising awareness about the health and hygiene of women. Also, the adoption of automated gynecological devices will prove to be significant in the growth of the market.

U.S. will drive the North America gynecological devices market owing to the wide availability of technology advanced computer-aided screening tests in the country. Also, rise in number of cases related to female disorders owing to changing life style will positive impact the market. In U.S., more than 1 million women suffer from pelvic inflammatory diseases (PID) each year. These aforementioned cases of female disorders and technological advancements will propel the demand for gynecological devices market in the future.

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Asia-Pacific market will show potential rise in the growth of the market due to high female health disease related problems in countries such as India, China and Japan. According to Associated Chamber of Commerce and Industry (Assocham), 68% of working women in India, in the age bracket of 21-52 were found to be suffering lifestyle diseases such as obesity, depression and diabetes. Thus, the rising health issues in females will boost the gynecological market in Asia-Pacific.

Some of the key industry players Olympus, Boston Scientific, Medtronic, Stryker, Ethicon, CONMED and Carl Zeiss. The companies focus on expanding their business and product portfolio by several strategic merger acquisition and development of new products. In November 2016, Boston Scientific acquired Gynecology and urology portfolio of a Salt Lake City based company Distal Access, that designs devices for minimally invasive medical procedures.

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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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