Gynecological Devices Market

Gynecological Devices Market GLOBAL INDUSTRY INSIGHTS, TRENDS,
OUTLOOK, AND OPPORTUNITY ANALYSIS,
2016-2025
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Gynecological Devices Market Overview:
The 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.
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 intrauterine 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.
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Key takeaways of the market:
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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
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
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