Gynecology Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Sarasota, FL -- (SBWire) -- 01/26/2019 --Global Gynecology Devices Market: Overview

Gynecological devices are medical devices that are utilized exclusively in gynecological procedures such as surgeries, diagnosis, and routine examination. The equipment include axis traction device for delivery forceps, Cusco's self-retaining bivalve vaginal speculum, etc.

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Global Gynecology Devices Market: Growth Factors

Rise in the occurrence of gynecology diseases, owing to shifting lifestyles of the women populace across the globe has resulted in need for improved healthcare services. This, in turn, is anticipated to provide momentum to the growth of gynecological devices market in the years ahead. Furthermore, constant increase in the health awareness has led to massive demand for better gynecological therapies, thereby proliferating the gynecological devices market growth trends in the near future. Introduction of technologically advanced devices such as endometrial ablation devices for the treating menorrhagia along with the application of endoscopes in performing gynecological surgeries are likely drive the growth of gynecology devices market in the coming years. Additionally, the latest concepts of female sterilization and contraceptive devices such as transcervical sterilization implants and sub-dermal contraceptive implants coupled with launch of robotic endoscopy in gynecological surgeries along with commencement of industrial 4.0 generation (as next gen technology) is likely to bring a paradigm shift in gynecological devices market over the coming decade.

Global Gynecology Devices Market: Segmentation

The global gynecology devices market can be divided based on product type that include surgical devices, endometrial ablation devices, gynecologic fluid management systems, female sterilization & contraceptive devices, hand instruments, diagnostic imaging systems, and gynecological chairs.

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Global Gynecology Devices Market: Regional Analysis

Based on regions, the global gynecology devices market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is projected to dominate the global gynecology devices market share in the forecast timeline, primarily due to highly evolved reimbursement policies along with the launching of new devices in the countries such as the U.S. However, the shifting focus of gynecological device manufacturers towards the markets in Europe and Asia Pacific, due to the delay in approval of medical devices by the US FDA, is expected to reduce the market share held by North America and increase the share of European as well as APAC markets by 2026. Furthermore, the Asia Pacific gynecology devices market is slated to be highly lucrative in the near future, owing to the existence of a large patient population base, increasing product awareness, and preference for minimally invasive surgeries coupled with increase in government funding and developmental initiatives in healthcare facilities witnessed across the region. Moreover, low device manufacturing costs in countries such as China and India has resulted in the rise in the production as well as expansion of production units, thereby resulting in key players getting attracted towards the APAC region along with the region becoming a major business destination.

Europe and LATAM regions are projected to witness a huge market growth potential.

Global Gynecology Devices Market: Competitive Players

The key players in the global gynecology devices market include Boston Scientific Corporation, Cooper Surgical, Inc., Ethicon (Johnson & Johnson), Hologic, Inc., Medtronic, Olympus Corporation, Richard Wolf Gmbh, Stryker Corporation, and Karl Storz Gmbh & Co. KG.

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Global Gynecology Devices Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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