Gynecological Devices Market Trends and Growth (2021-2031)
The gynecological devices market size is projected to reach US$ 17.70 billion by 2031 from US$ 9.30 billion in 2023. The market is expected to register a CAGR of 7.97% during 2023–2031. The utilization of artificial intelligence in gynecology is likely to remain a key trend in the market.
Gynecological Devices Market Analysis
Key factors driving the growth of the market are increasing gynecological disorders and growing public awareness. Furthermore, rising awareness of simulation education has created growth opportunities for the gynecological devices market over the upcoming forecast period. Demand for gynecological devices is being driven by a rise in gynecological illnesses, including ovarian cancer, cervical cancer, uterine cancer, vaginal cancer, and vulvar cancer. According to the American Cancer Society's 2022 update, women are often diagnosed with endometrial cancer at the age of 60, however, diagnoses before the age of 45 are uncommon.
Gynecological Devices Market Overview
Gynecological diseases comprise various diseases, including uterine cancer, cervical cancer, polycystic ovary syndrome, and ovarian cancer. A total of 334,382 deaths among individuals 25 years of age and older with gynecologic cancer were recorded between 2010 and 2022, according to data released by the NCBI in 2024. For instance, endometrium cancer is the most common cancer of the female reproductive organs in the US, and uterine cancer is the sixth most common cancer in women in the country. According to the American Cancer Society's projections, there will be around 67,880 new cases of uterine cancer identified in the US in 2024. Roughly 13,250 women will lose their lives to uterine cancer. Further, the availability of gynecological devices used to treat gynecological conditions and disorders is driving the growth of the gynecology devices market.
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Gynecological Devices Market: Strategic Insights
Market Size Value in US$ 13,658.41 Million in 2022 Market Size Value by US$ 25,131.22 Million by 2028 Growth rate CAGR of 10.7% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Gynecological Devices Market: Strategic Insights
| Market Size Value in | US$ 13,658.41 Million in 2022 |
| Market Size Value by | US$ 25,131.22 Million by 2028 |
| Growth rate | CAGR of 10.7% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Gynecological Devices Market Drivers and Opportunities
Increasing Number of Advanced Medical Devices for Women
The healthcare industry is offering various technologically advanced products for the diagnosis and treatment of the gynecological problems of women. The advancement in the healthcare industry, specifically in the medical devices industry, has encouraged players to provide their customers with the best equipment, devices, and systems. Manufacturers of medical devices have devised innovative gynecological devices with better efficacy and reduced the patient’s discomfort by offering quick recovery. Moreover, the evolution of endometrial ablation devices for the treatment of menorrhagia and the usage of endoscopes in gynecological surgeries are a few of the prime developments in the gynecology devices market in the last few years. For instance, Olympus launched the Guardenia Contained Extraction System in September 2022. The newest addition to Advanced Surgical Concepts (ASC) Ltd. of Bray, Ireland's arsenal of confined tissue extraction products for gynecological surgeries, is called Guardenia. The system, designed to confine and isolate tissue during or before surgical removal and extracorporeal manual morcellation, is only distributed in the United States by Olympus America Inc.
Use of Biomedical Photonics
The developments in the medical devices industry have motivated existing players and upcoming players to introduce their novel products to the market. For instance, the use of biomedical photonics for gynecological surgeries has various scopes for the gynecology market players to develop and introduce products for biomedical photonics. Biomedical photonics is specially designed for uterine transplantation and is used for a permanent uterine factor of fertility. The study for this technique was conducted using minimally invasive optical spectroscopy (MSI), which was done on rabbits and sheep. Further, the study proved MSI to be promising for human use in the future. Therefore, the research and development in this field will offer various opportunities for the gynecology device market players in the coming future.
Gynecological Devices Market Report Segmentation Analysis
Key segments that contributed to the derivation of the gynecological devices market analysis are product and end user.
- Based on product, the gynecological devices market is segmented into surgical devices, hand instruments, and diagnostic imaging systems. The adult patient simulator segment held a larger market share in 2023.
- Based on end user, the gynecological devices market is segmented by hospitals, diagnostic centers, clinics, and others. The academic institutes segment held a larger market share in 2023.
Gynecological Devices Market Share Analysis by Geography
The geographic scope of the gynecological devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
In North America, the US is the largest market for gynecological devices. Owing to the rising incidence of cancer linked to gynecology, the prevalence of device makers in the region, and technological developments, the North American market for gynecological devices is the largest in the world. The American Cancer Society estimates that 65,950 new cases of uterine corpus cancer were detected in the US in 2022. Cervical cancer is the most common malignancy among American women and is a significant cause for concern. In the US, 14,100 cases of cervical cancer are predicted by 2022. Moreover, 8,100 Canadian women are anticipated to receive a uterine cancer diagnosis in 2022, according to the Canadian Cancer Society's 2022 update. Therefore, there is a greater need for gynecological gadgets nationwide as a result of the rising prevalence of cancer.
Gynecological Devices Market Report Scope
Gynecological Devices Market News and Recent Developments
The Gynecological Devices Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the gynecological devices market are listed below:
- Innovia Medical Expands Gynecology Range in the U.S. with the Launch of the DTR Medical LLETZlearn Training Simulator. (Source: Innovia Medical, Company Website, August 2023)
- UroViu Corp has launched the new Hystero-V, a single-use hysteroscope compatible with UroViu’s Always Ready endoscopy platform. The 12-Fr, semi-rigid Hystero-V features a hydrophilic coating enabling gentle insertion and superior visualization for highly effective intrauterine examinations. The single-use hysteroscope eliminates the need for reprocessing the equipment, and the ease-of-use, portability, and time-saving aspects of the Hystero-V mean more efficient and comfortable procedures for doctors and patients. (Source: UroViu Corp, Company Website, June 2022)
Gynecological Devices Market Report Coverage and Deliverables
The “Gynecological Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Gynecological devices market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Gynecological devices market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Gynecological devices market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the gynecological devices market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the gynecological devices market in 2023
Key factors driving the market growth are the significantly increasing prevalence of cardiovascular diseases and the rising development of gynecology devices.
The utilization of artificial intelligence in gynecology is likely to remain a key trend in the market.
CooperSurgical Inc, Boston Scientific Corporation, Hologic, Inc., Medtronic, Stryker, KARL STORZ SE & Co. KG, Olympus Corporation, General Electric Company, and Richard Wolf. GmbH.Ethicon.
The market is expected to register a CAGR of 7.97% during 2023–2031.
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.
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