Gynecological Devices Market Size, Share, Trends, Growth, Consumption, Revenue, Company Analysis and Forecast 2020-2027

The global Gynecological Devices market size surpassed at US$ 17,449 million in 2019 and expected to reach US$ 25.30 billion by 2027 with a CAGR of 3.8 % from 2019 to 2027.

Gynecological devices are the instruments and equipment used in the treatment of the gynecological disorders. Gynecological devices includes surgical devices, hand instruments, diagnostics imaging services and gynecological chairs.

The rise in demand of the gynecological devices are ascribed to technological advancements leading to the advanced products, rising incidences of gynecological procedures, increase in C-section procedure, uterine fibroids and others conditions.

Rise in the adoption of the disposable equipment due to increasing need of sanitization, sterilization, rise in cases of emergency visits at trauma centers are estimated to propel the market of the gynecological devices market in coming years.

Technological advancements in gynecological devices to Drive Market

• Minimally invasive therapy is a highly dynamic area of innovation. Minimally invasive therapy may prevent the need for major open-surgery procedures. In terms of health outcomes, it offers the following benefits: no need for general anesthesia, absence of sequelae of open surgery procedures, smaller scars, shorter hospital stay or outpatient treatment, and faster return to normal life. 
• Two advanced approaches to minimally invasive surgery presented recently are the da Vinci robotic platform and single port laparoscopic surgery (SPLS). Robotic surgery has many advantages, such as, 3-dimensional view, ergonomically comfortable position for the surgeon, and wrist-like motion of the robotic arm. Presently, robotic technology is widely used in gynecology surgeries, such as, hysterectomy, sacrocolpopexy, myomectomy, etc.
• Single port laparoscopic surgery has numerous possible advantages including, reduced postoperative pain, fewer operative complications, and improved results compared to conventional laparoscopy

 Surgical Devices Segment to Dominate Market

• Based on product, the global gynecological devices market has been divided into surgical devices, Hand Instruments, Diagnostic Imaging systems, and gynecological chairs The surgical device segment has been bifurcated into Endoscopy Devices, Endometrial Ablation Devices, Fluid Management Systems, and Female Sterilization And Contraceptive Devices.
• The surgical device segment dominated the global gynecological devices market in 2018 and the trend is projected to continue during the forecast period. Increase in demand for minimally invasive procedures and technological advancements for growing gynecological procedures are few factors likely to drive the segment during the forecast period.
• Moreover, shift in trend from invasive to minimal invasive surgery is likely to boost the segment growth in forecast period. Moreover, increase in the cesarean surgical procedure is also likely to propel the market of the gynecological devices market across globe.

North America to Dominate Global Market

• In terms of region, the global gynecological devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global gynecological devices market in 2018, followed by Europe.
• North America accounted for major share of the global gynecological devices market in 2018, owing to technological advancements, growing awareness about minimally invasive treatments for gynecological procedures, aging of the baby boomer population, better reimbursement policies, better reimbursement policies, advancements in healthcare and high health care awareness among the population of the U.S. are the major drivers of the Gynecology Devices market in North America.
•  The Gynecological Devices market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. This can be attributed to large patient base in countries such as India and China, rise in awareness, and developing health care infrastructure. As per expertise, China is expected to be highly attractive market attributable to huge gynecological diseases affected patient pool with high unmet needs and developing healthcare infrastructure.

 Competitive Landscape

The global Gynecological Devices market is fragmented in terms of number of players. Key players in the global market include Boston Scientific Corporation, Medtronic plc, Johnson & Johnson Services (Ethicon, Inc.), Stryker Corporation, Merck & Co, Inc., Olympus Corporation, Cooper Surgical, Inc., Hologic, Inc., Richard Wolf Gmbh, Karl Storz Gmbh & Co. KG, and other players.

• The global Gynecological Devices  market has been segmented as follows:
• Global Gynecological Devices  Market, by Product
• Surgical Devices
  • Endoscopy Devices
    • Hysteroscopes
    • Colposcopes
    • Resectoscopes
    • Laparoscopes
    • Endoscopic Imaging Systems
  • Endometrial Ablation Devices
    • Hydrothermal EADs
    • Radiofrequency EADs
    • Balloon EADs
    • Other EADs
  • Fluid Management Systems
  • Female Sterilization And Contraceptive Devices
    • Permanent Birth Control Devices
    • Temporary Birth Control Devices
• Global Gynecological Devices  Market, by Region
• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific          
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Scope of Report

VRR’s report on the global Gynecological Devices market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global gynecological devices market for the period 2016–2027, considering 2020 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global gynecological devices market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global gynecological devices market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global gynecological devices market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global gynecological devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global gynecological devices market.

The report delves into the competitive landscape of the global gynecological devices market. Key players operating in the global gynecological devices market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global gynecological devices market that have been profiled in this report

Key Questions Answered in Global Gynecological Devices Market Report

• What is the scope of growth of product companies in the global Gynecological Devices  market?
• What will be the Y-o-Y growth of the global Gynecological Devices market between 2019 and 2027?
• What is the influence of changing trends in technologies on the global Gynecological Devices market?
• Which region will continue to be the most profitable market for Gynecological Devices providers?
• Which factors are anticipated to hamper the growth of the global Gynecological Devices market during the forecast period?
• Which are the leading companies in the global Gynecological Devices Market?

Research Methodology

A unique research methodology has been utilized by VRR to conduct comprehensive research on the growth of the global gynecological devices market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global Gynecological Devices  market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, Gynecologist, Endoscopic Specialists, Research & Academic Institutes, and Medical Directors, who contributed to the production of VRR’s study on the gynecological devices market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the Gynecological Devices market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global gynecological devices market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global gynecological devices market more reliably and accurately.