The Global Gynecological Devices Market was valued
at US$ 2,667.8 million in 2015 and is projected to expand at a CAGR of 6.3%
during the forecast period (2016–2024), as highlighted in a new report
published by Coherent Market Insights. Increasing incidence of gynecological
disorders is projected to favor the growth for gynecological devices market in
the near future.
Additional
Information on such Research Findings can be Availed At: https://www.coherentmarketinsights.com/insight/request-sample/152
Around 10% of the global female population is
affected by endometriosis according to the estimates by Endmoetriosis UK
(2016). Risk of gynecological disorders increases with age. According to the
World Bank, female population aged 65 years and above increased exponentially
from 6.8% in 2010 to 8.2% in 2015. Furthermore, changing lifestyle habits and
risk of infection is expected to result in high incidence of gynecological
disorders. The outlook for the gynecological devices market is therefore bright
in the foreseeable future.
Safety is one of the major concerns of
healthcare practitioners using gynecological devices. Bayer’s Essure is an
intra-uterine device (IUD) that has been linked with skin rashes and pelvic
pain in women (in the U.S.) who have inserted it as a permanent contraceptive
solution. This has led women to remove the Essure through surgery. The U.S. FDA
has called for a black box warning for the device. Furthermore, the FDA has
also asked manufacturers of power morcellators to mention a warning that the
product ‘has not been proved to reduce the risk of spreading cancer’. Power
morcellators are used to dissect and remove uterus or uterine fibroids through
small incisions. However, these devices are reported to cause uterine cancer,
which remain undetected owing to lack of awareness.
Post-surgical complications are among the most
frequent complications in abdominopelvic surgery. Endometriosis and infection
in pelvic region can stimulate the formation of adhesions, which may lead to
discomfort, chronic pain and infertility. Actamax Surgical Materials LLC
(subsidiary of DSM Biomedical), submitted an Investigational Device Exemption
(IDE) to the U.S. FDA in February 2017 for its Actamax adhesion barrier to be
utilized in in gynecological laparoscopic surgery. Such innovative solutions
for the existing concerns on the gynecological surgeries would favor the growth
of gynecological devices market globally.
To know the latest trends and insights
prevalent in the gynecological devices market, click the link below: https://www.coherentmarketinsights.com/market-insight/gynecological-devices-market-152
Being a very intimate category of devices,
safety is therefore the priority for users. Manufacturers need to gather enough
evidences of safety and efficacy to avoid post-marketing recalls and regulatory
hurdles. Specialized speculums, curettes, and forceps ease the surgical
procedures. Demand for gynecological chairs is expected to grow rapidly during
the forecast period as hospitals upgrade their infrastructure, especially in
emerging economies such as India, China, and Brazil.
Key
takeaways of the market:
·
The
global gynecological devices market is expected to expand at a CAGR of 6.3%
during the forecast period (2016–2024). Rise in number of gynecological
surgeries is expected to favor the growth of gynecological devices market in
the near future.
·
Surgical
devices is expected to dominate the market throughout the forecast period as
these devices are in regular demand for gynecological surgeries
·
Demand
for gynecological chairs is projected to grow gradually with growing investment
in infrastructure upgradation and establishment of new surgical and
gynecological examination rooms
·
Gynecological
devices market in the Asia Pacific region would be growing rapidly with
increasing incidence of gynecological disorders and the number of gynecological
surgeries
·
Hospital
are the major users of gynecological devices and would be driving the global
gynecological devices market
·
Major
market payers including Ethicon, Inc., Hologic, Inc., Stryker Corporation,
Cooper Surgical, Inc., Karl Storz GmbH& Co. KG, Boston Scientific
Corporation, and Richard Wolf GmbH need to consider the safety of deices to
avoid any post-marketing issues
·
These
players can opt for emerging nations for a rapid growth in business expansion
About CMI
Coherent Market
Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave,
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
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