Uterine Fibroids Market Forecast (2024-2031)
The Uterine Fibroids Market is expected to register a CAGR of 7.50% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents an analysis based on by type (surgical, hormonal, embolization, and others). The report further provides analysis based on end use (hospital, ambulatory surgical centers, diagnostic centers, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Uterine Fibroids Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Uterine Fibroids Market Segmentation
Type- Surgical
- Hormonal
- Embolization
- Others;
- Hospital
- Ambulatory Surgical Centers
- Diagnostic Centers
- Others
Strategic Insights
Uterine Fibroids Market Growth Drivers- Increased Information about Uterine Fibroids: Uterine fibroids are common in women of reproductive age, which makes it one of the most prevalent problems in this group of individuals. Staring awareness about this condition, along with advanced diagnostic procedures, has contributed to the rising need for treatment options. The global market for uterine-fibroid therapies continues to expand with an increasing number of diagnosed individuals.
- Non-Invasive Treatment Options: One of the significant factors contributing to the growth of the uterine fibroids market is an increase in the demand for minimally invasive treatment options. Procedures such as uterine artery embolization (UAE), ultrasound-accelerated, and laparoscopy have less recovery time and reduced side effects than conventional surgery, which is why they are being adopted by patients and health professionals.
- Development of Medical Devices and Technologies: Technological advancements in medical devices and surgical techniques have improved the diagnosis and treatment of uterine fibroids. Advancements in robotic surgery with state-of-the-art imaging systems allow more precise and effective treatments, expanding the market for uterine fibroids therapies by improving patient outcomes and maximizing performance while minimizing complications.
- Minimally Invasive Procedures:There is an ongoing increasing trend toward such minimally invasive treatment options for uterine fibroid patients, including laparoscopic surgery, uterine artery embolization, and MRI-guided focused ultrasound. These procedures are considered to have short recovery periods, lessened complications, and shorter hospital stays; hence, they are the remedies that patients are looking for in hospitals.
- Emergence of Non-Hormonal Therapies:Given that more and more women are looking for treatments other than hormones, the company will be increasingly bringing about alternative therapies in the uterine fibroid market, which do not depend on hormones. Selective progesterone receptor modulators (SPRM) are also a new drug type that is garnering insistence from what the woman cannot have under hormonal provision.
- Personalized Medicine and Targeted Therapies:Personalized approaches to uterine fibroid treatment are gaining weight. As research progresses, more and more targeted therapies are expected to be based on the genetic profile of fibroids as well as patient characteristics. The increased efficacy paired with lower side effects are often called promises with this trend, and thus, tailored treatments are going to be the name of the game in the future.
- Developing new non-surgical alternatives: A market for innovative non-surgical treatments for uterine fibroids is very promising for the manufacturers. These methods include focused ultrasound and new drug treatments with a hope for less recovery time and invasiveness, thus increasing attention given by patients who are seeking alternatives to surgical approaches.
- New Partnerships for Innovations in Fertility-Sparing: This calls for a collaboration with fertility clinics and healthcare providers for innovating or improving approaches to fertility-sparing treatments for uterine fibroids. Manufacturing image forms concentrate on therapies directed by dual specialized reproduction-safe treatment for uterine fibroids, hence tapping a special market of women interested in reproductive health maintenance.
- Research on Personalized Solutions for Treatment: Manufacturers can invest funds in research and development toward personalized therapy invention for uterine fibroids. These will include their genetic testing, and patient-specific factors contributing toward their overall healing effectiveness; thus, this could improve greatly the patient's outcome and increase the market for uterine fibroid therapy.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Uterine Fibroids Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Uterine Fibroids Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
North America region accounts for highest revenue share uterine fibroids market
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
Merck, Junshi Pharma,Cohereus Biosciences, Aditya Pharma, Genetech,Bristols Meyers Squibb,Top Alliance
The market is expected to grow at a CAGR of 9.6%
Rising cancer cases is the major factors boosting the uterine fibroids market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Uterine Fibroids Market - By Type
1.3.2 Uterine Fibroids Market - By End Use
1.3.3 Uterine Fibroids Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. UTERINE FIBROIDS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. UTERINE FIBROIDS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. UTERINE FIBROIDS MARKET - GLOBAL MARKET ANALYSIS
6.1. UTERINE FIBROIDS - GLOBAL MARKET OVERVIEW
6.2. UTERINE FIBROIDS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. UTERINE FIBROIDS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SURGICAL
7.3.1. Overview
7.3.2. Surgical Market Forecast and Analysis
7.4. HORMONAL
7.4.1. Overview
7.4.2. Hormonal Market Forecast and Analysis
7.5. EMBOLIZATION
7.5.1. Overview
7.5.2. Embolization Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. UTERINE FIBROIDS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. AMBULATORY SURGICAL CENTERS
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
8.5. DIAGNOSTIC CENTERS
8.5.1. Overview
8.5.2. Diagnostic Centers Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. UTERINE FIBROIDS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Uterine Fibroids Market Overview
9.1.2 North America Uterine Fibroids Market Forecasts and Analysis
9.1.3 North America Uterine Fibroids Market Forecasts and Analysis - By Type
9.1.4 North America Uterine Fibroids Market Forecasts and Analysis - By End Use
9.1.5 North America Uterine Fibroids Market Forecasts and Analysis - By Countries
9.1.5.1 United States Uterine Fibroids Market
9.1.5.1.1 United States Uterine Fibroids Market by Type
9.1.5.1.2 United States Uterine Fibroids Market by End Use
9.1.5.2 Canada Uterine Fibroids Market
9.1.5.2.1 Canada Uterine Fibroids Market by Type
9.1.5.2.2 Canada Uterine Fibroids Market by End Use
9.1.5.3 Mexico Uterine Fibroids Market
9.1.5.3.1 Mexico Uterine Fibroids Market by Type
9.1.5.3.2 Mexico Uterine Fibroids Market by End Use
9.2. EUROPE
9.2.1 Europe Uterine Fibroids Market Overview
9.2.2 Europe Uterine Fibroids Market Forecasts and Analysis
9.2.3 Europe Uterine Fibroids Market Forecasts and Analysis - By Type
9.2.4 Europe Uterine Fibroids Market Forecasts and Analysis - By End Use
9.2.5 Europe Uterine Fibroids Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Uterine Fibroids Market
9.2.5.1.1 Germany Uterine Fibroids Market by Type
9.2.5.1.2 Germany Uterine Fibroids Market by End Use
9.2.5.2 France Uterine Fibroids Market
9.2.5.2.1 France Uterine Fibroids Market by Type
9.2.5.2.2 France Uterine Fibroids Market by End Use
9.2.5.3 Italy Uterine Fibroids Market
9.2.5.3.1 Italy Uterine Fibroids Market by Type
9.2.5.3.2 Italy Uterine Fibroids Market by End Use
9.2.5.4 Spain Uterine Fibroids Market
9.2.5.4.1 Spain Uterine Fibroids Market by Type
9.2.5.4.2 Spain Uterine Fibroids Market by End Use
9.2.5.5 United Kingdom Uterine Fibroids Market
9.2.5.5.1 United Kingdom Uterine Fibroids Market by Type
9.2.5.5.2 United Kingdom Uterine Fibroids Market by End Use
9.2.5.6 Rest of Europe Uterine Fibroids Market
9.2.5.6.1 Rest of Europe Uterine Fibroids Market by Type
9.2.5.6.2 Rest of Europe Uterine Fibroids Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Uterine Fibroids Market Overview
9.3.2 Asia-Pacific Uterine Fibroids Market Forecasts and Analysis
9.3.3 Asia-Pacific Uterine Fibroids Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Uterine Fibroids Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Uterine Fibroids Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Uterine Fibroids Market
9.3.5.1.1 Australia Uterine Fibroids Market by Type
9.3.5.1.2 Australia Uterine Fibroids Market by End Use
9.3.5.2 China Uterine Fibroids Market
9.3.5.2.1 China Uterine Fibroids Market by Type
9.3.5.2.2 China Uterine Fibroids Market by End Use
9.3.5.3 India Uterine Fibroids Market
9.3.5.3.1 India Uterine Fibroids Market by Type
9.3.5.3.2 India Uterine Fibroids Market by End Use
9.3.5.4 Japan Uterine Fibroids Market
9.3.5.4.1 Japan Uterine Fibroids Market by Type
9.3.5.4.2 Japan Uterine Fibroids Market by End Use
9.3.5.5 South Korea Uterine Fibroids Market
9.3.5.5.1 South Korea Uterine Fibroids Market by Type
9.3.5.5.2 South Korea Uterine Fibroids Market by End Use
9.3.5.6 Rest of Asia-Pacific Uterine Fibroids Market
9.3.5.6.1 Rest of Asia-Pacific Uterine Fibroids Market by Type
9.3.5.6.2 Rest of Asia-Pacific Uterine Fibroids Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Uterine Fibroids Market Overview
9.4.2 Middle East and Africa Uterine Fibroids Market Forecasts and Analysis
9.4.3 Middle East and Africa Uterine Fibroids Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Uterine Fibroids Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Uterine Fibroids Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Uterine Fibroids Market
9.4.5.1.1 South Africa Uterine Fibroids Market by Type
9.4.5.1.2 South Africa Uterine Fibroids Market by End Use
9.4.5.2 Saudi Arabia Uterine Fibroids Market
9.4.5.2.1 Saudi Arabia Uterine Fibroids Market by Type
9.4.5.2.2 Saudi Arabia Uterine Fibroids Market by End Use
9.4.5.3 U.A.E Uterine Fibroids Market
9.4.5.3.1 U.A.E Uterine Fibroids Market by Type
9.4.5.3.2 U.A.E Uterine Fibroids Market by End Use
9.4.5.4 Rest of Middle East and Africa Uterine Fibroids Market
9.4.5.4.1 Rest of Middle East and Africa Uterine Fibroids Market by Type
9.4.5.4.2 Rest of Middle East and Africa Uterine Fibroids Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Uterine Fibroids Market Overview
9.5.2 South and Central America Uterine Fibroids Market Forecasts and Analysis
9.5.3 South and Central America Uterine Fibroids Market Forecasts and Analysis - By Type
9.5.4 South and Central America Uterine Fibroids Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Uterine Fibroids Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Uterine Fibroids Market
9.5.5.1.1 Brazil Uterine Fibroids Market by Type
9.5.5.1.2 Brazil Uterine Fibroids Market by End Use
9.5.5.2 Argentina Uterine Fibroids Market
9.5.5.2.1 Argentina Uterine Fibroids Market by Type
9.5.5.2.2 Argentina Uterine Fibroids Market by End Use
9.5.5.3 Rest of South and Central America Uterine Fibroids Market
9.5.5.3.1 Rest of South and Central America Uterine Fibroids Market by Type
9.5.5.3.2 Rest of South and Central America Uterine Fibroids Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL UTERINE FIBROIDS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. UTERINE FIBROIDS MARKET, KEY COMPANY PROFILES
12.1. BOSTON SCIENTIFIC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. COOPER SURGICAL
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. C.R. BARD
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. F. HOFFMANN-LA ROCHE
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GE HEALTHCARE
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. KARL STORZ ENDOSCOPY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. RICHARD WOLF MEDICAL INSTRUMENTS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SIEMENS MEDICAL SOLUTIONS
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ABBVIE
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ASTRAZENECA
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Boston Scientific
2. Cooper Surgical
3. C.R. Bard
4. F. Hoffmann-La Roche
5. GE Healthcare
6. Karl Storz Endoscopy
7. Richard Wolf Medical Instruments
8. Siemens Medical Solutions
9. AbbVie
10. AstraZeneca
11. Bayer
12. Eli Lilly
13. GlaxoSmithKline Pharmaceuticals
14. Pfizer
15. Johnson and Johnson
16. Novartis
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.