The global gynecology devices market was valued at USD 10.7 billion in 2022 and it is anticipated to grow further till USD 41.6 billion by 2032, at a CAGR of 14.6% during the forecast period.
Gynecology Devices are instruments used only in gynaecological procedures. These procedures include uterine fibroid remobilization, assisted reproduction, hysteroscopy, colposcopy, female sterilisation, pelvic floor electrical stimulation, endometrial resection, fluid management, pelvic organ prolapsed repair, and many others. A gynaecological device is a piece of apparatus used during surgery or an operation to carry out certain tasks or achieve specific outcomes, such as altering biological tissue or providing access to monitor it.
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Market Trends and Drivers
Gynecology Devices Market growth is being driven by the rising incidence of gynecological disorders like cervical cancer, ovarian cancer, uterine cancer, and vaginal cancer worldwide. Over 90% of cervical cancer deaths occur in low- and middle-income countries, according to the World Health Organization. Gynecology Devices Market growth is being fueled by the creation of cutting-edge technologies like endometrial ablation devices, the recent idea of female sterilization, and contraceptive devices, as well as an increase in women’s health consciousness. Endometriosis and menstrual cramps are two gynecological conditions that may or may not be related to the menstrual cycle (abnormally located patches of tissue located only in the lining of the uterus).
Market Restraints and Challenges
The stringent regulatory guidelines relating to the devices is anticipated to hinder market growth during the forecast period. The expansion of the global market for gynecological devices is expected to be constrained over the forecast period by stringent rules and regulations pertaining to product approval. For example, in 2018, the FDA authorized energy-based devices including lasers and radiofrequency for general gynecologic applications, such as the removal of abnormal or precancerous cervical or vaginal tissue and condylomas (genital warts).
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Major Players in the Global Gynecological Devices Market
The report analyses the major players of the gynecological devices such as Medtronic plc; Cooper Surgical, Inc.; Richard Wolf GmbH.; Hologic, Inc.; Boston Scientific Corp.; Stryker Corp.; Karl Storz GmbH & Co. KG; Ethicon, Inc., Cook Medical, Bayer AG, Gynemed, and Gynex Corp. among others.
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