Global Gynecological Devices Market to be Driven by High Incidence of Gynecological Disorders

Medical devices that are used exclusively for carrying out gynecological operations and procedures such as diagnosis, surgeries, and routine examination are known as gynecological devices. Growing at a 6.4% CAGR from 2012 to 2018, the global gynecological devices market, which in 2011 was valued at US$3.4 billion, will report a market value of US$5.3 billion by 2018. Introduction of specialized and advanced gynecological procedures, greater healthcare concerns, and rising incidence of cases with gynecological anomalies are some of the prominent factors driving the global gynecological devices market.

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The other factors fuelling the demand for gynecological devices are aging baby boomers, higher expenditure on healthcare, and widespread acceptance of minimally invasive procedures as a better option than hysterectomy.  Apart from these factors, changing lifestyles of women all across the globe are leading to several gynecological disorders, which in turn drive the demand for gynecological devices. The gynecological devices market is constantly striving towards developing better and improved gynecological devices that cause less discomfort and ensure better efficacy so that the recovery time can be brought down.

Use of Endometrial Ablation Devices and Robotic Surgeries to Fuel Global Gynecological Devices Market

Some of the latest developments in the global gynecological devices market include a greater use of endoscopes in gynecological surgeries, introduction of endometrial ablation devices, and introduction of robotic surgeries. The introduction of contraceptive devices such as subdermal contraceptive implants and transcervical sterilization implants are a few of the other innovations in the global gynecological devices market.

The global gynecological devices market is segmented on the basis of product type and geography. On the basis of products, the global gynecological devices market is classified into three broad categories, which are surgical devices, hand instruments, and diagnostic imaging systems (ultrasound). Various types of surgical devices in the gynecological devices market are endometrial ablation devices, surgical devices, fluid management systems, gynecological endoscopy devices, and female sterilization and contraceptive devices. Biopsy forceps, trocars, curettes, tenaculum, and vaginal speculum are the various types of hand instruments. Diagnostic imaging systems mainly include gynecological chairs.

North America to Witness Declining Market Share in Gynecological Devices Market

Geographically, the global gynecological devices market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Driven by factors such as the initial launch of devices in the U.S. market and highly evolved reimbursement policies, North America dominated the global gynecological devices market in 2011. However, North America is likely to lose its leading position in the overall gynecological devices market to Asia Pacific and Europe in the forthcoming years.

The declining market share of North America can be attributed to the delay in the approval of medical devices by the U.S. Food and Drug Administration and also a significant shift of focus of manufacturers towards the growing gynecological devices markets of Asia Pacific and Europe. The expansion of the Asia Pacific gynecological devices market in the forthcoming years can be attributed to factors such as greater government funding, presence of a large patient pool, greater developmental initiatives in the healthcare sector, and widespread awareness of and greater preference for minimally invasive surgeries.

Insufficient Capital to Hinder Market Growth

Owing to greater awareness and access to information, women these days show their preference for technologically advanced and improved gynecological treatments. Some of the factors that hamper the growth of the global gynecological devices market include delays in approval procedure and lack of sufficient capital. At present, the global gynecological devices market is characterized by technological innovations and extensive use of disposable equipment in the field of gynecology.

Some of the prominent companies in the global gynecological devices market include Welch Allyn, Stryker Corporation, Richard Wolf Gmbh, Olympus Corporation, Hologic, Inc., Boston Scientific Corporation, and Karl Storz Gmbh & Co. Kg

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