Want to get a preview about what to expect from Technavio’s market research report? Check out the latest facts about the gynecology endoscopy devices industry
The global gynecology endoscopy devices market is forecasted to grow at a CAGR of almost 7% during the period of forecast
Gynecology endoscopy devices industry growth is expected to accelerate over the next five years, driven by the increasing prevalence of gynecological diseases across the globe owing to changing lifestyle and growing older population. Gynecological diseases include life-threatening diseases such as cervical cancer, ovarian cancer, vaginal cancer, uterine cancer, and vulvar cancer. According to the CDC, more than 95,000 women in the US are diagnosed with a type of gynecological disorder. With the rise in prevalence of gynecological diseases, there is an increased demand for gynecology endoscopy devices across the healthcare industry. Technavio’s gynecology endoscopy devices industry analysis reveals promising markets around the world.
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Accessories and others dominated the market by product type
The global gynecology endoscopy devices market was dominated by the accessories and others as a product segment with almost 60% of the market share at the end of 2017, followed by endoscopes. Accessories and other products segment are forecasted to drive the highest incremental growth over the forecast period. Also, accessories and others are predicted to retain their dominant position over endoscopes in the market at the end of the forecast period owing to high volume of demand for accessories and other endoscopic products.
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Americas will drive the largest incremental growth for the global gynecology endoscopy devices market
About 42% of the incremental growth in the global gynecology endoscopy devices market will be driven by the Americas, followed by EMEA and APAC making reasonable contributions to the market growth during the period of forecast. Furthermore, the Americas held the dominant share of the global gynecology endoscopy devices market towards the end of 2017. Factors such as rising prevalence of gynecological diseases, increased public-healthcare expenditure, and growing number of awareness programs about gynecology diseases are expected to drive the growth of the market in the region.
Johnson & Johnson, KARL STORZ, and Olympus are among the leading gynecology endoscopy device manufacturers
The global gynecology endoscopy devices market is expected to become increasingly concentrated with the presence of a few international and regional gynecology endoscopy device manufacturers who are engaging in M&As as a growth strategy to enhance innovation and expand their geographical reach. The global gynecology endoscopy devices market is witness rapid adoption of robotic assistance in gynecological surgeries as it helps surgeons to overcome challenges faced during conventional gynecological surgeries. Many international and regional gynecology endoscopy device manufacturers are vying for their share of the global gynecology endoscopy devices market, and players must differentiate themselves to gain vital traction over their peers.
This report offers a complete analysis of several gynecology endoscopy device vendors, including:
- Johnson & Johnson
- KARL STORZ
- Olympus
- Richard Wolf
- Stryker
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