Gynecological Devices and Instruments Market 2022
It is estimated that the Gynecological Devices and Instruments Market is expected to grow at a CAGR of 7.4% during the forecast period of 2018–2023.
Owing to the improvement in reimbursement policies, the Gynecological Devices and Instruments Market is expected to escalate in the coming years. According to the recent 2018 hysterectomy reimbursement fact sheet, suggested by the Centers for Medicare and Medicaid Services (CMS), the average Medicare payment for supracervical abdominal hysterectomy is USD 983. Whereas, for vaginal hysterectomy, laparoscopy-assisted supracervical hysterectomy, and laparoscopy-assisted vaginal hysterectomy, the average Medicare payment is USD 1004, USD 915, and USD 1008, respectively.
A number of factors such as the increasing cases of gynecological issues, improving regulatory framework, growing research funding, unmet medical needs, rising competition among market players, increasing number of gynecology surgeries, emerging Asian markets, and increasing government assistance propel the growth of the global Gynecological Devices and Instruments Market.
However, the high cost of treatment, lack of skilled or trained physicians, and poor healthcare system in low and middle-income countries may hamper the growth of the market.
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Major Key Players:
Some of the key players in the global Gynecological Devices and Instruments Market are B. Braun Melsungen AG (Germany), Boston Scientific Corporation (U.S.), CooperSurgical Inc. (U.S.), Ethicon, Inc. (U.S.), Hologic, Inc. (U.S.), Karl Storz GmbH & Co. KG (Germany), MedGyn Products (U.S.), Medtronic plc (U.S.), Olympus Corporation (Japan), Richard WOLF GmbH (Germany), Sklar Surgical Instruments (U.S.), Stryker Corporation (U.S.), and others.
The global Gynecological Devices Market is segmented on the basis of type of surgical devices, type of surgical instruments, application, and end-user.
On the basis of type of surgical devices, the market is classified as gynecological endoscopy devices, endometrial ablation devices, fluid management systems, and female sterilization/contraceptive devices. The gynecological endoscopy devices are further segmented into hysteroscope, colposcope, resectoscope, laparoscope, and endoscopic imaging systems. Endometrial ablation devices are further segmented into hydrothermal ablation devices, radiofrequency ablation devices, balloon ablation devices, and others. The female sterilization/contraceptive devices are further segmented into permanent birth control and temporary birth control. The temporary birth control segment includes IUD, intravaginal rings, and subdermal contraceptive implants.
On the basis of type of surgical instruments, the market is classified as forceps, scissors, trocars, needle holders, vaginal speculums, dilators, uterine sounds, uterine depressors, uterine curettes, and others. The forceps segment is further classified as Allis forceps, artery forceps, and other forceps. The vaginal speculums segment is further classified as sim’s vaginal speculums, Cusco vaginal speculums, graves’ vaginal speculums, pediatric vaginal speculums, Pederson vaginal speculums, and others.
On the basis of application, the market is classified as laparoscopy, hysteroscopy, dilation and curettage, colposcopy, cervical cryosurgery, endometrial ablation, endometrial biopsy, and others.
On the basis of end-user, the market is classified as hospitals and clinics, ambulatory surgery centers, research and academic institutes, and others.
The Americas dominates the gynecological devices market owing to the rising prevalence of gynecological problems, well-developed technology, high healthcare expenditure, and the presence of leading players. According to the statistics suggested by the Center for Disease Control and Prevention (CDC), cervical cancer is one of the leading causes of deaths of women in the United States. It is reported that in 2014, around 12,578 women in the United States were diagnosed with cervical cancer and nearly 4,115 women in the United States died from cervical cancer.
Europe holds the second position in the Gynecological Devices and Instruments Market. It is expected that the increasing contribution towards research and development and increasing competition among marketers are likely to drive the European Gynecological Devices and Instruments Market.
Asia Pacific is the fastest growing Gynecological Devices and Instruments Market owing to a huge patient pool, increasing demand for treatment, and rising healthcare expenditure. As per the data suggested by the Australian Institute of Health and Welfare during the year 2015–2016, the total health expenditure was nearly USD 170.4 billion, i.e.,3.6% higher than the expenditure of 2014–2015. The initiatives taken by the government towards gynecological issues are also boosting the market growth. For instance, the Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA) initiated by the Ministry of Health and Family Welfare in 2016, is focusing towards the reduction of maternal and infant mortality rates through safe pregnancies and safe deliveries. This national programme supported around three crore pregnant women across the country by providing special free antenatal care. The main aim of the programme is to detect and prevent high-risk pregnancies.
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