Global Gynecology Devices Market: An Overview
The globally increasing prevalence of diseases such as cervical cancer, uterine fibroids, menorrhagia, and a number of other minor ailments is the key factor boosting the growth and market penetration of gynecology devices. Adding to this is the negative effects of the modern lifestyle on the female body and organs. These changes have imparted a greater deal of social and financial stress, creating a wider scope of women falling prey to gynecological disorders. Another major driver that gynecology devices players can refer to is the growing population of elderly women.
At the same time, expenditures in healthcare are increasing, further improving the research and development investments and therefore, improving the chances of diagnostic success. Owing to these factors, the global gynecology devices revenue generated is expected to increase at a CAGR of 4.8% between 2015 and 2023. This market’s overall revenue generated is expected to increase from US$14.9 bn in 2014 to US$22.5 bn in 2023. Key players absorbing major portions of this revenue include CooperSurgical, Inc., Medtronic PLC, Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, and Hologic, Inc.
Currently, the market for gynecology devices is extremely scattered, as most of the top players in the market are still only regionally dominant. This leaves a large vacancy for new entrants to take up a share in the revenue through innovative efforts and focus on specific market segments.
Major Players Move From North America to Other Regions for Greater Opportunities
The U.S. and Canada have consistently provided major opportunities for players in the gynecology devices to flourish. Ample investment support, large patient pool, high awareness, and an advanced healthcare infrastructure have led to North America housing some of the biggest names in gynecology devices. While these regions will continue to remain strong in terms of growth, players operating here are rapidly looking to expand their base towards Europe and Asia Pacific, especially the former. Key reasons for this need to shift regional focus include increasing regulatory pressure and macroeconomic complications. As a result, manufacturers are expected to establish their presence in other regions, including the E.U. and emerging economies.
North America has been the leading regional consumer of gynecology devices in 2014, holding 41.1% of the total revenue. This region is expected to retain its dominance till 2023, owing to a number of major advancements in technologies that will be incorporated here first. The second-largest region in terms of gynecology devices revenue generation is Asia Pacific. It is expected to expand at a CAGR of 5.3% from 2015 to 2023, which is the fastest growth rate among all regions.
Gynecology Surgical Devices Show Highest Demand Globally
Gynecological chairs, diagnostic imaging systems, surgical devices, and hand instruments are the four key product gynecology devices product types. Of these, surgical devices are currently undergoing a spike in demand, primarily owing to a rise in the number of minimally invasive surgical devices. Key innovations in surgical devices include the introduction of single port laparoscopic surgery and the Da Vinci robotic platform.
The benefits of minimally invasive surgery go a long way in gynecology. The removal of anesthesia as a necessity, smaller incision scars, smaller hospital stay durations, and faster healing rates are widely welcome benefits and are therefore leading the massive opportunities on a global scale.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
Chapter 2 Executive Summary
2.1 Global Gynecological Devices Market Revenue, by Products, 2014 & 2023 (US$ Mn)
2.2 Global Gynecological Devices Market Revenue, by Geography, 2014 & 2023 (Value %)
2.3 Global Gynecological Devices Market, 2014 & 2023: Market Snapshot
Chapter 3 Industry Analysis
3.2 Market Dynamics
22.214.171.124 Rise in the acceptance of minimal invasive procedures
126.96.36.199 Worldwide increase in the prevalence of gynecological disorders
188.8.131.52 Increase in healthcare expenditure
184.108.40.206 Delay in the approvals by regulatory authorities
220.127.116.11 Technological innovations
18.104.22.168 Use of disposable equipment
3.2.4 Porter’s Five Forces Analysis : Gynecological Devices Market
3.2.5 Market Attractiveness Analysis : Gynecological Devices Market, by Geography, 2014
3.2.6 Competitive Landscape
22.214.171.124 Gynecological Devices Market: Market Share, by Key Players, 2014 (%)
Chapter 4 Market Segmentation – By Products
4.1 Global Surgical Devices Market Revenue, 2013-2023 (US$ Mn)
4.1.1 Gynecological Endoscopy Devices
126.96.36.199 Endoscopic Imaging Systems
4.1.2 Endometrial Ablation Devices
188.8.131.52 Hydrothermal Endometrial Ablation Devices
184.108.40.206 Radiofrequency Endometrial Ablation Devices
220.127.116.11 Balloon Endometrial Ablation Devices
18.104.22.168 Other Endometrial Ablation Devices (Cryoablation, Microwave Ablation And Laser Ablation)
4.1.3 Fluid Management Systems
4.1.4 Female Sterilization And Contraceptive Devices
22.214.171.124 Permanent Birth Control Devices
126.96.36.199 Temporary Birth Control Devices
4.2 Global Hand Instruments Market Revenue, 2013-2023 (US$ Mn)
4.2.1 Vaginal Speculum
4.2.5 Biopsy Forceps
4.3 Global Diagnostic Imaging System Market Revenue, 2013-2023 (US$ Mn)
4.4 Global Gynecological Chairs Market Revenue, 2013-2023 (US$ Mn)
4.4.1 Fixed-Height Chairs
4.4.2 Adjustable-Height Chairs
Chapter 5 Market Segmentation – By Geography
5.1 North America Gynecological Devices Market Revenue, 2013-2023 (US$ Mn)
5.2 Europe Gynecological Devices Market Revenue, 2013-2023 (US$ Mn)
5.2.3 Rest of Europe
5.3 Asia Pacific Gynecological Devices Market Revenue, 2013-2023 (US$ Mn)
5.3.3 Rest of Asia Pacific
5.4 Latin America Gynecological Devices Market Revenue, 2013-2023 (US$ Mn)
5.4.3 Rest of Latin America
5.5 Rest of the World Gynecological Devices Market Revenue, 2013-2023 (US$ Mn)
Chapter 6 Recommendations
Chapter 7 Company Profiles
7.1 Boston Scientific Corporation
7.2 CooperSurgical, Inc.
7.3 Ethicon, Inc.
7.4 Hologic, Inc.
7.5 Karl Storz Gmbh & Co. KG
7.6 Medtronic plc
7.7 Olympus Corporation
7.8 Richard Wolf GmbH
7.9 Stryker Corporation
This report on the gynecological devices market studies the current and future prospects of the market across the globe. The global gynecological devices market holds prime importance in the overall medical devices market due to increase in specialized gynecological procedures and rising gynecological conditions. Increasing awareness about women health has also fueled the growth of this market. The market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the global gynecological devices market with respect to market segments based on the product type and their geographic analysis.
The report on the global gynecological devices market includes aspects of gynecologic surgical devices, diagnostic imaging systems, gynecological chairs, and the hand instruments market. The report covers the performance of various segments of the gynecological devices market in terms of revenue generated by such segments. Each of the market segments have been extensively analyzed based on adoption rate, awareness, advantages, efficacy, revenue, and geographical coverage. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2015 to 2023, considering 2013 and 2014 as base years.
Geographically, gynecological devices market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America and Rest of the World. The market size and forecast for each of these regions has been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2013 and 2014 as base years. The report also provides with market size and forecast for major countries in the respective regions. The research study also covers competitive scenario in the mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, Porter’s Five Forces analysis, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global gynecological devices market.
A list of recommendations has been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include include Boston Scientific Corporation, Hologic, Inc., CooperSurgical, Inc., Ethicon, Inc., Karl Storz GmbH, Medtronic, Inc., Olympus Corporation, Richard Wolf GmbH, and Stryker Corporation.
The global gynecological devices market is segmented as follows:
- Global Gynecological Devices Market, by Product Types
- Surgical devices
- Gynecological endoscopes
- Endoscopic imaging systems
- Endometrial ablation devices
- Hydrothermal endometrial ablation devices
- Radiofrequency endometrial ablation devices
- Balloon endometrial ablation devices
- Other endometrial ablation devices (cryoablation, microwave ablation, laser ablation)
- Gynecologic fluid management systems
- Female sterilization and contraceptive devices
- Permanent birth control devices
- Temporary birth control devices
- Gynecological endoscopes
- Hand instruments
- Vaginal Speculum
- Biopsy forceps
- Vaginal Speculum
- Diagnostic imaging systems
- Gynecological chairs
- Fixed-height gynecological chairs
- Adjustable-height gynecological chairs
- Surgical devices
- Global Gynecological Devices Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Rest of the World
- North America