Factor Affecting the Growth of Gynecological Devices Market in Future

The global gynecological devices market size is projected to reach USD billion 17.55 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.8% during the forecast period. Growing female population, increasing awareness levels pertaining to benefits of early diagnosis, and available treatments are anticipated to stoke the growth of the market.

Rising prevalence of sexually transmitted diseases is translating into greater demand for gynecological treatments. Prevalence of these diseases was observed to be higher in people aged between 15-24 years. For instance, according to the Centre for Disease Control and Prevention (CDC), around 45.0% of the patients in the U.S. with Chlamydia were aged between 20 and 24 years.

Moreover, rising adoption of gynecological procedures is estimated to boost usage rates over the forecast period. The percent of C-section deliveries was 32.2% as compared to number of vaginal deliveries. Upswing in the number of these procedures owing to growing population, increasing awareness, and rising disposable income is expected to drive the gynecological devices market. 

Early disease detection is imperative in devising treatment schedules. Pertinent government and regulatory agencies in congruency with aforementioned factors are now focusing majorly on improving patient awareness levels.

To request a sample copy: 
www.grandviewresearch.com/industry-analysis/gynecological-device-market

Further key findings from the study suggest:

• Surgical devices accounted for the largest market share of around 79% in 2014. High cost of surgical devices and repeat purchase of disposable products attribute to the segment’s large market share.
• The segment is expected to maintain its market position throughout the forecast period owing to, the introduction of technically advanced and user friendly products and the subsequent rise in adoption rates.
• Endoscopy devices were the largest revenue-generating sub-segment in 2014. Expanding application of endoscopy in gynecological procedures is one of the prime factors accounting for the segment’s revenue share. Moreover, availability of user-friendly, portable, and affordable products is likely to drive segment growth during the forecast period.
• North America was the largest market in 2014. The presence of a well-established healthcare infrastructure, high adoption rate of advanced technology, and large number of skilled professionals are some factors spearheading regional market growth.
• Asia Pacific is expected to grow at a significant rate of 10.6% during the forecast period. Rapid surge in procedure volumes as a result of the growing medical tourism market place is expected to drive regional market growth. Birth control policies in countries such as China and India are also expected to fuel growth over the forecast period.
• Some key players of the gynecological devices market include Ethicon, Inc., Karl StorzGmbH & Co. KG, Hologic, Inc., Boston Scientific Corporation, Stryker Corporation, Olympus Corporation, Richard Wolf GmbH, Medtronic plc, and CooperSurgical, Inc. 

Access press release of this research report by Grand View Research:  www.grandviewresearch.com/press-release/global-gynecological-devices-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com