Number of pages: 100 | Report Format: PDF | Published date: March 15, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global gynecological devices market was valued at US$ 9.01 billion in 2022 and is expected to register a revenue CAGR of 8.5% to reach US$ 18.77 billion by 2031.
Gynecological Devices Market Fundamentals
Gynecological devices are medical instruments used to diagnose, treat, and monitor conditions related to women's reproductive health. These devices can range from simple, handheld tools such as speculums to more complex, automated systems such as robotic surgery. Gynecological devices provide gynecological care to women of all ages, from adolescents to post-menopausal women. Common gynecological devices include ultrasound machines, colposcopies, hysteroscopies, and laparoscopes. These devices are used to diagnose and treat various conditions, including endometriosis, polycystic ovarian syndrome, and uterine fibroids. Gynecological devices are also used to monitor the progression of pregnancy and to detect any abnormalities. In addition, gynecological devices are used to perform hysterectomies and other gynecological surgeries. The use of gynecological devices has greatly improved the quality of care women receive and the accuracy of diagnosis and treatment. These devices have enabled medical professionals to provide more effective, efficient, and less invasive treatments for gynecological conditions.
Gynecological devices include surgical devices, handheld instruments, diagnostic imaging systems, and software associated with the devices. Surgical and gynecological devices include endoscopy devices, laparoscopes, colposcopes, hysteroscopes, hysteroscopic insufflators, and laparoscopic insufflators, among others. These devices are usually manufactured using stainless steel for improved efficiency and reduced chances of infection. The stainless-steel gynecological devices, both coated and uncoated, are designed to assist physicians to operate more effectively and give the best possible treatment for patients. Gynecological equipment is frequently used in hospitals, clinics, research institutes, and diagnostic labs for surgery and evaluation. Some gynecological gadgets on the market include fluid management devices, pelvic floor electrical stimulation devices, gynecological forceps, gynecological curettes, endometrial ablation devices, and pelvic organ prolapse repair devices. Clinical skills and the technology used in minimally invasive treatments have steadily improved.
Gynecological Devices Market Dynamics
The global gynecological devices market is expected to show significant growth during the projected period from 2023 to 2031. The growth of this market can be majorly attributed to robotics, as this computer technology can assist in surgery. Robots by experienced gynecologists raise the demand for a wide range of surgical devices. Cancer and other gynecological problems can be successfully treated using cutting-edge robotic technology. Additionally, medical equipment makers are devoted to leveraging the capabilities of robotic operations to boost profitability. Consequently, the increased use of automation technologies, such as robots, in treating gynecological illnesses is likely to boost the growth of the gynecological devices market. In addition, rapidly growing cases of gynecological illnesses such as uterine cancer, cervical cancer, polycystic ovary syndrome, and ovarian cancer also contribute to the growth of the market. Cervical cancer is the fourth most frequent disease in women worldwide, with 604,000 new cases and 342,000 deaths expected in 2020. In 2020, low- and middle-income nations will account for over 90% of new cases and fatalities worldwide. Endometrial carcinoma is the most frequent female reproductive system cancer in the United States. Uterine cancer is the sixth most prevalent malignancy in women in the United States. Consequently, escalating gynecological problems are predicted to propel the worldwide gynecological devices market forward.
Increasing awareness among women about the importance of maintaining gynecological health has increased the demand for gynecological devices. The growing healthcare expenditure globally is also driving the demand for these devices. The increasing healthcare expenditure has also led to a rise in the availability of healthcare facilities, thereby increasing the number of gynecological procedures performed. Several governments worldwide are taking initiatives to improve women's health. The funding for developing and distributing gynecological devices is expected to drive the growth of the gynecological devices market. The aging population is more susceptible to gynecological disorders, and as the global population ages, the demand for gynecological devices is expected to rise.
However, strict regulatory clearance procedures to assure product safety are expected to slow market expansion. Concerns about the safety of pelvic organ prolapse are projected to hinder market expansion throughout the projection period. Litigation, regulatory scrutiny, and the usage of meshes may all have a detrimental impact on the growth of pelvic organ prolapse and the industry as a whole.
Gynecological Devices Market Ecosystem
The global gynecological devices market has been analyzed from three perspectives: product, end user, and region.
Gynecological Devices Market by Product
Based on the product, the global gynecological devices market is segmented into surgical devices, handheld instruments, and diagnostics imaging systems.
The surgical devices accounted for the largest revenue share in 2022 and are expected to retain its dominance during the projected period from 2023 to 2031. The surgical devices are further sub-classified into gynecological endoscopy devices, endometrial ablation devices, fluid management systems, and female sterilization/contraceptive devices. Minimally invasive surgeries are becoming increasingly popular in gynecology due to their advantages over traditional open surgeries, such as reduced blood loss, shorter hospital stays, and faster recovery times. This has led to increased demand for surgical devices such as laparoscopes, hysteroscopes, and endometrial ablation devices. Diagnostic and imaging devices such as ultrasound systems, colposcopes, and fetal monitors are essential for diagnosing and monitoring gynecological disorders. These devices are often used in conjunction with surgical devices to provide a complete solution for treating gynecological disorders. The development of advanced surgical devices with improved functionality and accuracy has led to an increase in the demand for these devices. For instance, the introduction of robot-assisted surgical devices has greatly improved the precision of gynecological surgeries, thereby increasing their popularity. The increasing incidence of gynecological disorders such as cervical cancer, endometrial cancer, and uterine fibroids has increased the demand for surgical devices for their treatment. There has been a growing awareness among women about the importance of regular check-ups and screening tests for gynecological health. This has led to an increase in demand for diagnostic and surgical devices.
The imaging diagnostics system segment is also expected to illustrate steady growth during the forecasted timeframe. Advancements in imaging technology have led to more advanced and accurate imaging devices. For instance, 3D and 4D ultrasound systems offer higher resolution images, better accuracy, and improved diagnosis of gynecological disorders. Women are growing aware of the importance of regular check-ups and screening tests for gynecological health. This has led to an increase in the demand for diagnostic imaging devices. Governments in several countries are taking initiatives to improve women's health, including funding for the development and distribution of gynecological devices, which includes imaging diagnostics systems. The aging population is more prone to gynecological disorders. As the global population ages, the demand for imaging diagnostics systems for the diagnosis and treatment of these disorders is expected to increase.
Gynecological Devices Market by End User
Based on the end user, the global gynecological devices market is segmented into hospitals & clinics, ambulatory surgical centers, and others.
Due to the extensive range of services hospitals must provide, the hospital sector had the leading share of the gynecological devices market. Hospitals are frequently well-prepared to treat most gynecological illnesses, which has raised patient choice for hospitals and contributed to the hospitals' dominance. The increasing number of hospitals in emerging countries due to government financing and more public-private partnerships is predicted to boost the growth of the hospital segment. The hospital segment is predicted to develop faster than other end-users of gynecological equipment. The increasing number of surgeries for gynecological disorders in hospitals is expected to be a major driver of the hospital segment during the forecast period.
Gynecological Devices Market by Region
The global gynecological devices market has been segmented based on regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominates the global market with the largest revenue share. The market's expansion in North America can be ascribed to the region's large female geriatric population and the rising prevalence of cancer. The availability of technologically sophisticated hospitals and other healthcare facilities in the region, together with increased awareness of gynecological problems, has been the primary driver of the region's gynecological devices market. Government expenditure on healthcare facilities in the region has been significant in recent decades, contributing to the region's supremacy in the gynecological devices industry.
Asia Pacific is the fastest-growing region in the gynecological devices market. The prevalence of gynecological disorders, such as cervical cancer, endometrial cancer, and uterine fibroids, is increasing in the Asia Pacific region. Additionally, a growing awareness about women's health in the Asia Pacific region results in the proactivity of women about their health and early diagnosis and treatment for gynecological disorders. This has resulted in an increased demand for gynecological devices. Governments in the region are investing in healthcare infrastructure and are providing better access to healthcare services. The regulatory environment in the Asia Pacific region is becoming more favorable for medical device companies. This is encouraging companies to enter the market and launch new gynecological devices in the region.
Gynecological Devices Market Competitive Landscape
The prominent players operating in the global gynecological devices market are:
Gynecological Devices Market Strategic Developments
The global gynecological devices market was valued at US$ 9.01 billion in 2022 and is estimated to grow at a CAGR of 8.5% during the forecast period.
The high prevalence of gynecological disorders and the increase in technological advancements are some of the major factors driving market revenue growth.
Asia Pacific is expected to be the fastest-growing region in the gynecological devices market.
The stringent regulatory policies with high costs for some of the gynecological devices or instruments can create hurdles in market development.
Some of the key market players present in the global gynecological devices market are Bayer AG, Stryker Corporation, and Hologic Inc.
*Insights on financial performance are subject to the availability of information in the public domain