PUBLISHER: Verified Market Research | PRODUCT CODE: 1736719
PUBLISHER: Verified Market Research | PRODUCT CODE: 1736719
The development of sophisticated imaging tools like 3D endoscopes and improvements in gynaecological equipment that help to increase the effectiveness of minimally invasive surgical techniques are anticipated to propel the growth of the industry. The demand for the product is anticipated to rise due to the rising number of surgical operations, including endoscopy, laparoscopy, ablation, and female sterilization, surpassing USD 14.35 Billion valued in 2023 to reach a valuation of around USD 32.52 Billion by 2032.
In addition to this, the rising incidence of gynaecological problems is anticipated to fuel market expansion throughout the projected period. The increasing use of cutting-edge and novel technology is also anticipated to fuel industrial expansion, thus enabling the niche market grow at a CAGR of 10.77% from 2026 to 2032.
Global Gynecological Devices Market: Definition/ Overview
A wide range of medical tools and equipment used for surgical, therapeutic, and diagnostic procedures pertaining to women's reproductive health are referred to as gynecology devices. Gynecological devices are used in many aspects of women healthcare. They are crucial in gynecological exams, aiding in the detection and diagnosis of diseases such as endometriosis, pelvic inflammatory disease, and cervical cancer.
Gynaecology devices are indispensable in the diagnosis, treatment, and monitoring of various gynaecological conditions. They are used to identify abnormalities in the reproductive organs, perform minimally invasive surgeries, and provide contraception. For instance, ultrasound is employed to detect ovarian cysts and uterine fibroids, while laparoscopy is used to treat endometriosis and remove uterine fibroids.
Robotic-assisted surgery is expected to become increasingly prevalent, offering greater precision and reducing recovery time. Digital imaging techniques will continue to improve, enabling earlier diagnosis and more accurate assessment of conditions. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) has the potential to revolutionize the gynecological care by providing personalized treatment recommendations and improving patient outcomes.
The increasing prevalence of gynecological disorders and the growing awareness of female health issues are driving the global Gynecological Devices Market. As more women seek early diagnosis and treatment, the demand for advanced medical devices in this field continues to rise. According to the World Health Organization, as of March 2024, cervical cancer remains the fourth most common cancer among women globally, with an estimated 604,000 new cases in 2023. This underscores the need for improved screening and treatment technologies.
Technological advancements in minimally invasive procedures and diagnostic tools are expanding the capabilities of gynecological devices. These innovations offer improved patient outcomes, reduced recovery times, and increased procedural efficiency for healthcare providers. The U.S. Food and Drug Administration reported in February 2024 that approvals for novel gynecological devices increased by 22% compared to the previous year.
The aging female population and the subsequent increase in age-related gynecological conditions are fueling market growth. As life expectancy increases, there is a greater need for devices that address issues such as pelvic organ prolapse and urinary incontinence. The U.S. Census Bureau projects that by 2030, all baby boomers will be older than 65, expanding the demographic most likely to require gynecological interventions.
Regulatory hurdles and stringent approval processes pose significant challenges for the global Gynecological Devices Market. Manufacturers must navigate complex and often lengthy regulatory pathways to bring new devices to market, which can delay innovation and increase costs. According to the U.S. Food and Drug Administration, as of June 2024, the average time for 510(k) clearance for gynecological devices was 177 days, a 15% increase from the previous year.
Limited access to healthcare and gynecological services in developing regions hinders market growth. Many women in low- and middle-income countries face barriers to receiving proper gynecological care, including a lack of trained healthcare providers and adequate medical infrastructure. The World Health Organization reported in March 2024 that only 62% of women in developing countries have access to regular gynecological screenings.
Concerns over the safety and efficacy of certain gynecological devices have led to increased scrutiny and potential market hesitation. Past controversies surrounding devices like transvaginal mesh implants have resulted in heightened awareness among patients and healthcare providers, impacting adoption rates of new technologies. The U.S. Government Accountability Office reported in February 2024 that adverse event reports related to gynecological devices increased by 22% over the past two years.
The surgical devices are emerging as a dominating segment in the global gynecology devices market, driven by technological advancements and an increasing prevalence of gynecological disorders. According to a recent report by the World Health Organization (WHO) published in March 2024, approximately 35% of women worldwide will undergo a gynecological surgical procedure in their lifetime, underscoring the critical role of these devices in women's healthcare.
Market leaders in the gynecology devices sector continue to innovate and expand their product offerings to meet growing demand. For instance, on September 15, 2024, Medtronic, a key player in the market, announced the launch of its next-generation robotic-assisted surgical system specifically designed for gynecological procedures. This cutting-edge technology promises to enhance precision and outcomes in complex surgeries, further solidifying the position of surgical devices segment at the forefront of the Global Gynecology Devices Market.
The hospitals & clinics segment is estimated to dominate the global Gynecological Devices Market growth during the forecast period. The rising need for gynaecological procedures and the use of cutting-edge technologies in clinics and hospitals are the primary causes of the high share. For instance, on January 2022, The Women's Hospital at Jackson Memorial, HCA Florida Healthcare's Kendall Regional Medical Center, and AdventHealth Celebration began utilizing Memic Innovative Surgery's Hominis Surgical System, a robotic surgical device, for gynaecological procedure.
The needs of women healthcare have grown as their lives have changed. With women becoming more conscious of their health and wellbeing, there has been a growing need for improved gynecological therapies. Acknowledging this potential, global medical device manufacturers have developed innovative gynecology gadgets that are painless and effective, enabling patients to heal quickly.
North America Region?
The North America is emerging as the dominating region in the global Gynecological Devices Market. Due to the rising incidence of cancer linked to gynecology, the prominence of device makers, and improvements in technology, the North American area currently owns the greatest proportion of the global market for gynecological devices. An expected 65,950 new instances of uterine corpus cancer were detected in the US in 2022, according to the American Cancer Society. Cervical cancer is the most concerning of all the cancers, and its incidence in American women is rising quickly. In the US, 14,100 cases of cervical cancer are anticipated in 2022.
In addition to this, an update from the Canadian Cancer Society in 2022 projects that 8,100 Canadian women would likely receive a uterine cancer diagnosis in 2022. As a result, the need for gynecological equipment in the nation is increasing due to the increased prevalence of cancer. Moreover, the nationwide presence of rivals, mergers, and acquisitions pertaining to gynaecological devices accelerates market expansion. For instance, in October 2021, Hologic, Inc., signed a final agreement to purchase Bolder Surgical, for about USD 160 million, subject to working capital and other customary closing adjustments.
The Asia-Pacific (APAC) region is estimated to grow at a highest CAGR during the forecast period, driven by increasing awareness of women's health issues, improving healthcare infrastructure, and rising disposable incomes. According to a recent report by the World Health Organization (WHO) published on March 15, 2024, the prevalence of gynecological disorders in the APAC region has increased by 12% over the past five years, highlighting the urgent need for advanced medical devices.
Key players in the gynecology devices market are actively pursuing opportunities in the APAC region through strategic partnerships and product launches. For instance, on September 12, 2023, Medtronic, a leading medical technology company, announced the establishment of a new research and development center in Singapore, focusing on innovative gynecological devices tailored to the specific needs of Asian women.
The global Gynecological Devices Market is a dynamic and competitive landscape, with a mix of established players and emerging challengers vying for market share. These players are actively working to strengthen their presence by implementing strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are dedicated to continuously improving their product line to meet the needs of a wide range of customers in different regions.
Some of the key players operating in the global Gynecological Devices Market include:
Medtronic plc, Cooper Surgical, Inc., Richard Wolf GmbH, Hologic, Inc., Boston Scientific Corp., Stryker Corp., Karl Storz GmbH & Co. KG, Ethicon, Inc. (Johnson & Johnson MedTech), Cook Medical, Bayer AG, Gynemed, Gynex Corp.
In September 2022, The Guardenia Contained Extraction System was introduced by Olympus, a leading worldwide technology company that designs and provides cutting-edge solutions for medical and surgical procedures.
In June 2022, the new Hystero-V, a single-use hysteroscope was introduced by UroViu Corp. With its hydrophilic covering, the 12-Fr semi-rigid Hystero-V allows for a smooth insertion and enhanced visualization for incredibly successful intrauterine exams.
On July 2021, the Hugo Robotic-Assisted Surgery (RAS) system, developed by Medtronic Plc, was utilized to execute the first gynaecological treatment in Panama.