Global Gynecology Surgical Devices Market 2017-2021

Gynecology surgical instruments market

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.

Gynecological devices market based on geography

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.

Gynecological device market: Competitive analysis and key vendors

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.

Key players in the gynecological devices market 

• CooperSurgical
• Hologic
• Boston Scientific
• Intuitive Surgical
• Karl Storz
• Thermo Fisher Scientific

Gynecological device market by product 

• Female sterilization and contraceptive devices
• Endoscopy devices
• Fluid management system
• Ablation systems

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.

Female sterilization market based on end-user 

• Hospitals
• Ambulatory surgical center (ASCs)
• Fertility and specialty gynecology clinics

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global gynecology surgical devices market?
• What are the key market trends impacting the growth of the global gynecology surgical devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global gynecology surgical devices market?
• What are the market opportunities and threats faced by the vendors in the global gynecology surgical devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global gynecology surgical devices market?

Technavio also offers customization on reports based on specific client requirement.