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According to the market research analysts at Technavio, the global hysteroscopes market is expected to witness steady growth and will post a moderate CAGR of more than 4% during the forecast period. Limitations in open surgeries is a major factor that is expected to drive this market’s growth over the coming years. Open surgeries involve large incisions that take a long time to heal and involves longer hospital stays. Also, general anesthesia is required during an open surgery, which increases complications during the operation. On the other hand, hysteroscopy does not require any incision as it enters the cervix directly into the uterine cavity for diagnosis and treatment. Moreover, hysteroscopy has several advantages including minimum blood loss, quick recovery time, and shorter hospital stay, which will lead to its increasing adoption over the next four years.
In terms of geographical regions, the Americas was the highest revenue contributing region during 2015 and will continue to lead the market until the end of 2020. Rising geriatric population in the region leads to chronic gynecological problems, resulting in the augmented demand for hysteroscopy procedures and associated devices for treatment. Also, advances in product design and function of hysteroscopy devices will also contribute to this market’s growth in the region.
The global hysteroscopes market is highly fragmented owing to the presence of several well-established large, medium, and small sized companies. Advances in technology and product upgrading will increase the level of competition among vendors. Also, most vendors are looking to expand their presence in the market by gaining new contracts. For instance, Smith & Nephew entered into an agreement with Medtronic to sell Truclear hysteroscopes in the US.
Key vendors in this market are -
Other prominent vendors in the market include asap endoscopic products, Braun Melsungen, Dimeda Instrumente, EMOS Technology, EndoLook, Ethicon, Henke-Sass, Maxerendoscopy, MedGyn, Optec Endoscopy Systems, Optomic, Richard Wolf, SCHÖLLY FIBEROPTIC, Smith & Nephew, SOPRO-COMEG, TIMESCO, Vimex, WISAP, and Xion Medical.
During 2015, the flexible non-video hysteroscopes segment accounted for the maximum market share and will continue to dominate the market during the predicted period. Flexible hysteroscopes are associated with fewer complications when compared to the rigid ones, leading to their augmented adoption. Most surgeons prefer hysteroscopes as it involves less pain and can be performed without the use of anesthesia. Also, the sterilization of flexible non-video hysteroscopes such as disinfection, cleaning, and storage is simpler in this process compared to rigid ones.
The hospital segment was the leading revenue contributing end user segment during 2015 and will continue to lead the market over the next four years. Most multispecialty hospitals work under government sponsorship programs and usually have more than 500 hospital beds, allowing the accommodation of several individuals within the locality as well from neighboring areas. Moreover, hospitals have a better infrastructure and medical devices, as a result of which, most people opt for hospitals over clinics and ASCs to undergo surgeries.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Reimbursement scenario
PART 06: Market landscape
PART 07: Market segmentation by product type
PART 08: Market segmentation by application
PART 09: Market segmentation by end-user
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
PART 19: Explore Technavio
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