The global gynecological devices market is treading a growth path on the back of rising incidence of gynecological disorders such as fibroids and cervical cancer. Rising awareness among women in developing countries regarding therapeutics for gynecological disorders is stoking demand for gynecological devices. Global health organizations and non-profit organizations that conduct health awareness programs and health check-up camps periodically in these countries have been instrumental for imparting knowledge about women-centric health issues. Governments in these countries have also been involved to raise awareness about women health that impacts economic development.
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Global Gynecological Devices market Witness Most Promising Rise in Demand
The global gynecological devices market is studied based on product type and geography. In terms of product type, surgical devices, hand instruments, diagnostic imaging systems, and gynecological chairs are the key segments into which the gynecological devices market is divided. Surgical devices, among them, accounts for the leading share in the overall market. Rising preference for minimally invasive gynecological procedures along with recent advances in conventional endoscopic surgeries bode well for surgical devices segment. The surgical devices market is projected to be worth US414, 956.8 mn by 2024.
The surgical devices segment is further sub-segmented into endoscopy devices, fluid management systems, endometrial ablation devices, and female sterilization and contraceptive devices. Endoscopy devices hold prominence due to their capability to diagnose common female disorders and pathologies such as infertility problems and small vaginal hemorrhages. Technological advancements leading to design upgrades and miniaturization of endoscopy devices along with role of modern anesthetic medicine have been instrumental in growth of endoscopic procedures.
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The report provides an in-depth competitive analysis of the gynecological devices market based on Porter’s five forces model. The forces examined are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. Insights into winning strategies has been provided for new entrants as well as existing players to serve as a guide for strategic initiatives to establish a strong foothold in the market.
The research study is specifically designed to examine the growth behavior of segments and sub-segments in the gynecological devices market. This is further used to provide market share and revenue estimations of these segments.
Key Players of Gynecological Devices Market Report:
Prominent companies currently operating in the gynecological devices market include Boston Scientific Corporation, Cooper Surgical Inc., Hologic Inc., Ethicon Inc., Karl Storz GmbH & Co. KG, Richard Wolf GmbH, Medtronic plc, Olympus Corporation, and Stryker Corporation.
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