The global gynaecological devices market size was valued at USD 8,923.6 million in 2021 and is poised to grow at a significant CAGR of 8.9% during the forecast period 2022-28. Gynaecology is a branch of science, which deals with maintenance of women health and diseases associated with reproductive system. Embryo scissors, hooks, ayre’s spatula, Oldham’s perforator, cranioclast, upper long straight hemostatic forceps, budine’s cannula are used in various aspects of obstetric and gynecological surgeries. Surge in prevalence of gynecological disorders around the world, rising awareness of various gynaecological diseases are expected to boost the growth of global gynecological devices market. Furthermore, rising lifestyle-related diseases like obesity, smoking multiple sex partners, growing acceptance of minimally invasive procedures, rise in healthcare expenditure are expected to accelerate the market share for global gynecological devices market. However, limited awareness, delay in regulatory approvals are restraints of gynecological devices markets.
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Global Gynaecological Devices Marketis one of the most promising markets in medical devices sector. Major players are adopting various growth strategies such as mergers and acquisitions, partnerships and collaborations, new product launches and investments on research and development activities. Some of the major innovations in gynecological devices are single port laparoscopic surgery and da Vinci robotic platform. Moreover, many healthcare organizations are providing regular check-ups for early detection of the gynecological diseases. Furthermore, introducing patient-friendly and advanced technology products has enhanced the market growth of global gynecological devices.
The global gynaecological devices market segmentation:
1) By Product: Surgical Devices, Hand Instruments, Diagnostic Imaging Systems.
2) By Application: Intrauterine Device Insertion, Vaginal and Abdominal Hysterectomy, Delivery Sets, Dilation and curettage sets, Laparotomy, Mastectomy, Vaginal Examination, Caesarean Sections
3) By End-User: Super Speciality Hospitals, Gynaecology Clinics, Clinical Labs.
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The global gynaecological devices market is segmented as Latin America, North America, Asia Pacific, The Middle East & Africa and Europe. Global gynecological devices market is dominated by North America followed by Europe, due to high adoption of technological advancements, rise in prevalence of gynecological disorders, initiatives taken by the governments of North America and Europe. Asia Pacific is expected to show significant growth in global gynecological devices market due to rapid increase in medical tourism, low cost of manufacturing, large pool of population, presence of a large pool of medical professionals, low cost of labor.
The gynaecological devices market key players are Boston Scientific Corporation (U.S.), Olympus Corporation (Japan), Johnson and Johnson (U.S.), KARL STORZ GmbH & Co. KG (Germany), Braun Melsungen AG (Germany), Cooper Surgical Inc. (U.S.), Richard Wolf GmbH (Germany), Medtronic Inc. (Ireland), Bayer AG (Germany), CooSklar Surgical Instruments (U.S.)
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