Gynecological Devices Market to Witness Growth Owing to Rise in the Prevalence of Gynecological Diseases

Published Date : Apr 11, 2016

Gynecological devices refer to the medical devices used for the diagnosis, treatment, and examination of the female reproductive system. The diagnostics of gynecologic diseases has seen tremendous growth in the recent years owing to the availability of imaging techniques such as computed tomography (CT) scans, ultrasound, and magnetic resonance imaging (MRI) scans.

According to a report published by a market intelligent company, the gynecological devices market in the U.S. was valued at US$14.9 bn in 2014 and is expected to reach US$22.6 bn in 2023, expanding at a CAGR of 4.8% from 2015 to 2023. 

Prevalence of Menorrhagia, Uterine Fibroids, and Cervical Cancers Boosts Gynecological Devices Market 

The global gynecological devices market is driven by the changing lifestyle and the increase in the income of people in the developing nations. There has been an increase in the prevalence of diseases such as uterine fibroids, menorrhagia, and cervical cancers, which in turn boosts the global gynecological devices market.

Diagnostic Imaging Systems Market Expands due to Technological Advancements 

The global gynecological diseases market has been segmented on the basis of product type and geography. Among the product types, the diagnostic imaging systems is expected to grow at a CAGR of 5.8% during the period from 2015 to 2023 owing to technical innovation. Surgical devices accounted for the largest share due to the uniqueness in their applications and by revenue, the sterilization and contraceptive devices dominate the market. The sterilization and contraceptive devices is expected to retain its dominance throughout the period from 2015 to 2023.