Gynecological Devices Market

Gynecological Devices Market Insights

The global gynecological devices market is projected to grow from USD 14.2 billion in 2021 to USD 17.5 billion in 2026 at a CAGR value of 8.8%. The global gynecological devices market is driven by the growing female population as well as the geriatric female population, the growing occurrences of health disorders affecting the female reproductive system.

In recent years, there has been an increasing incidence of cancer-based gynecological disorders like vulvar cancer, vaginal cancer, ovarian cancer, and cervical cancer. Ovarian cancer is the leading cause of death among women among all the other forms of cancer of the female reproductive system. Endometrial cancer is more prevalent among women above the age of 60. WHO recommends routine endometrial ablation for women above the age of 35 to increase the chance of survival as early detection and cure can significantly improve survival rates. Lifestyle changes have also had a hand in the growing prevalence of gynecological disorders in women. Women suffering from PCOS, diabetes, and obesity are at an increased risk of contracting endometrial cancer. The need for early detection and treatment protocols will result in the growth of the gynecological devices market.

As per WHO statistics, most of the deaths from cervical cancer occur in women from low and middle-income countries. The high mortality rates in developing nations and underdeveloped nations have forced the hands of their governments to increase spending on women's healthcare. The growing initiatives from governments in low and middle-income nations are expected to provide lucrative opportunities for gynecological devices vendors. Sexually transmitted diseases are becoming a common occurrence and are envisaged to have a positive impact on the growth of the gynecological devices market. This increased prevalence of STDs has increased awareness among the population which is expected to increase the demand for female contraceptive measures, thereby having an impact on the gynecological devices market.

Gynecological devices vendors are releasing new products to the market to cater to the growing need for minimally invasive and minimal discomfort-causing products. The growing percentage of C-section deliveries over vaginal deliveries is expected to increase the demand for gynecological devices. The growing awareness of such procedures, increased availability in developing nations, and the growing disposable income is expected to result in the growth of the global gynecological devices market. Technological advancements in diagnostic imaging and medical software are also expected to increase the adoption of the gynecological diagnostic segment which will undoubtedly have a positive impact on the gynecological devices market. Poor accessibility to healthcare among women in developing nations, the need for better awareness, and the delay in product approvals are expected to impede the growth of the gynecological devices market.

Gynecological Devices Market: By Product

There are various gynecological devices available in the market, which can be fragmented as surgical devices, hand instruments, diagnostic imaging systems, and software. The surgical devise segment is envisaged to hold the lion’s share of the market. The large number of surgeries that are available to treat gynecological disorders has been one of the major drivers of the surgical devices segment. Surgical devices are expensive and require various disposable products requiring frequent purchases have also contributed to the growth of the surgical devices segment. The surgical devices segment is envisaged to register faster growth rates than the other segments during the forecast period.

The endometrial ablation devices segment is expected to be the fastest-growing subsegment. Growing incidences of cancer among older women and the growing awareness of endometrial ablation have been major drivers of the endometrial ablation subsegment.

Gynecological Devices Market: By End-User

Based on the end-users of gynecological devices, the market can be fragmented into hospitals, clinics, diagnostic centers, and others. The hospital segment held the dominant share of the gynecological devices market owing to the wide range of services that have to be offered by hospitals. Hospitals are often well equipped to deal with most gynecological disorders which have increased patient preference of hospitals which has been one of the major factors for the dominance of the hospitals segment. The growing number of hospitals in developing nations due to government funding and increasing public-private partnerships are expected to have a positive impact on the growth of the hospitals segment. The hospital segment is expected to register better growth rather than the other end-users of gynecological devices. The increasing number of surgeries for gynecological disorders in hospitals is expected to be a major driver of the hospitals segment during the forecast period.

Gynecological Devices Market: By Region

The gynecological devices market can be categorized geographically as North America, Central & South America, Europe, Middle East & Africa, and Asia Pacific regions. The North American region held the dominant share of the gynecological devices market owing to the large female geriatric population in the region and the growing incidence of cancer among the female geriatric population. The presence of technologically advanced hospitals and other healthcare facilities in the region combined with the growing awareness of gynecological disorders have been the major drivers of the gynecological devices market in the region. The region has witnessed heavy spending on healthcare infrastructure by the governments in the past few decades which has contributed to the dominance of this region over the gynecological devices market.

As per the Center for Disease Control and Prevention of U.S, 45% of patients suffering from chlamydia in the U.S were between the ages of 20 and 24. The growing prevalence of STDs and the growing awareness for the prevention of STDs have contributed to the dominance of the North American region on the gynecological devices market.

The APAC region is expected to show better growth rates than other regions during the forecast period. The growing adoption of technologically developed products, a growing number of vendors in the region, increasing accessibility to healthcare facilities, and growing availability of a skilled workforce are expected to be major drivers of the APAC market during the forecast period.

Gynecological Devices Market Share and Competitor Analysis

Medtronic PLC, Johnson & Johnson, Olympus Corporation, The Cooper Companies Inc., Hologic Inc., Karl Storz SE & Co. KG, Boston Scientific Corporation, Richard Wolf GmbH, MedGyn Product Inc., Ethicon, Inc., and Stryker Corporation, among others are the key players in the gynecological devices market.

Please note: This is not an exhaustive list of companies profiled in the report.