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According to the gynecology surgical devices industry analysis, Technavio’s market research report predicts that the global gynecology surgical devices market will grow at a CAGR of above 3% during the forecast period. The rising preference for minimally invasive (MI) surgical procedures is one of the primary gynecology surgical devices market growth opportunities. The change in consumer preferences for MI surgeries over open surgical techniques has led to the increased adoption of robot-assisted procedures. Benefits such as the reduction in recovery time, hospital stay, and postoperative pain in MI techniques improves the overall surgical results.
Moreover, robotic technologies are also used to perform complicated gynecological surgeries with the accurate movement of instruments and offer a better view of the surgical area compared to traditional surgery techniques. With several advantages, such advanced devices are replacing the traditional surgical devices, which will, in turn, propel the growth of the gynecology surgical devices market in the future.
In terms of geography, the Americas led the global gynecology surgical devices market during 2016. Factors such as the changes in reimbursement policies, development in medical tourism, and the presence of emerging vendors, will drive the market’s growth prospects in the region in the next four years.
The global gynecology surgical devices market is largely competitive and comprises of several vendors. Tier-1 and Tier-2 companies driving the market are focusing on M&A activities that will assist in setting up a strong product line. The increase in gynecology surgical devices in the market is due to increasing investments in the devices by fertility centers and hospitals for process efficiency and patient comfort.
In 2016, female sterilization and contraceptive devices segment led the gynecology surgical devices market. Factors such as the rise in family planning due to increasing consumer awareness through government and non-government initiatives drive the growth of the market. Moreover, increased media exposure, lack of trusted products, and supportive market atmosphere also encourage the entry of new players, fuelling market growth.
As per the Technavio’s market research report, the hospitals segment accounted for the major share of the end-user segment in the global gynecology surgical devices market. The main contributors to segment’s growth are the large multispecialty hospitals and hospital groups working under government sponsorship or through private entities.
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Executive summary
Scope of the report
Research Methodology
Introduction
Key market highlights
Market landscape
Market segmentation by end-user
Geographical segmentation
Market drivers
Market challenges
Market trends
Vendor landscape
Key vendor analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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Tags: surgical instruments, surgical tools, medical devices, in vitro diagnostics, healthcare market size, medical devices market size,
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