Gynecology Surgical Instrument Market | Increasing Awareness on Gynecological Diseases | Growing at a CAGR of 7.1%

PUNE, India, 2020-Apr-24 — /EPR Network/ —

Major factors driving the growth of Gynecology Surgical Instrument Market include a high incidence of gynecological diseases, increasing awareness of gynecological diseases, and rising government investments for providing advanced healthcare facilities & services. In addition, emerging Asian markets have opened an array of opportunities for players in this market. However, the increasing preference for robotic surgeries may restrain the growth of this market.

[139 Pages Report] The gynecology surgical instrument market is expected to reach USD 2.44 Billion, at a CAGR of 7.1% during the forecast period.

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Market Segmentation in Depth:

Based on product, the market is segmented into forceps, scissors, needle holders, dilators, trocars, vaginal speculums, and other instruments. The forceps segment dominated the market by holding the largest share in 2016 and also experience the highest growth during the forecast period. The high growth in this segment is attributed to the increase in the number of gynecological surgeries, and the repeated use of forceps in most gynecological surgeries.

Based on application, the gynecology surgical instrument market is further divided into laparoscopy, hysteroscopy, dilation and curettage, colposcopy, and other applications. Laparoscopy forms the largest and fastest-growing application segment of the global market. This is mainly attributed to the various advantages of laparoscopy procedures, which includes less blood loss, shorter hospital stays, and fewer intraoperative & postoperative complications. Hysteroscopy forms the second largest segment due to factors such as the increasing incidence of fetal deaths and rising demand for minimally invasive surgeries.

Based on end user, the market is segmented into hospitals, clinics, and ambulatory surgery centers. Hospitals and clinics are expected to dominate the market for gynecology surgical instrument. Growth in this end-user segment can be attributed to the increasing incidence of diseases such as endometriosis, uterine fibroids, gynecological cancers and the subsequent increase in the number of gynecology surgical procedures.

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The global gynecology surgical instrument market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). The market in Asia is expected to grow at the highest CAGR during the forecast period. Factors such as increasing awareness programs, high incidence of gynecological diseases, increasing number of hospitals, government initiatives focusing on women’s health, and improvements in the healthcare sector of Asian countries contribute to the growth of the market in Asia.

The gynecology surgical instrument market is fragmented with several global as well as local players. Players offer several products across different subsegments of this market. Key players in this market include KARL STORZ GmbH & Co. KG (Germany), Richard WOLF GmbH (Germany), Olympus Corporation (Japan), CooperSurgical Inc. (U.S.), MedGyn Products (U.S.), Sklar Surgical Instruments (U.S.), and B. Braun Melsungen AG (Germany).

The Asian market is slated to grow at the highest CAGR owing to the increasing government and private sector investments in healthcare, growing purchasing power, high incidence of gynecological diseases, government initiatives focusing on women’s health, and improvements in the healthcare sector of Asian countries. Some prominent markets in Asia include China, India, and Japan.