The global Gynecological Diagnostic Devices reached USD 9.2 billion in 2022 and is expected to grow at a CAGR of 8.6% during the forecast period. This growth is being driven by several factors, including an increasing frequency of gynecological problems, rising public awareness of women's health issues, and advancements in gynecological technology.
Gynecological devices are increasingly necessary due to the increasing prevalence of gynecological illnesses such as polycystic ovary syndrome (PCOS), endometriosis, and uterine fibroids. According to the World Health Organization, PCOS affects 10% of women worldwide, while endometriosis affects around 176 million women globally. Furthermore, the prevalence of these ailments is on the rise, which is driving market revenue growth.
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The use of gynecological devices is also increasing due to the growing awareness of women's health and hygiene. Hence, the demand for gynecological gadgets, such as menstruation cups and vaginal dilators, is rising due to an increase in women's health education programs and campaigns. Additionally, women are increasingly opting for non-invasive treatments for gynecological problems, which is driving demand for instruments like hysteroscopes and colposcopes.
Developments in less invasive surgical techniques and novel gynecological devices are providing women with greater treatment options for gynecological diseases. The increasing use of robotics in gynecological surgery is also expected to drive market revenue growth. However, high prices of gynecological equipment and the absence of reimbursement guidelines for gynecological devices in underdeveloped nations are significant factors that could limit market revenue growth. Moreover, the availability of complementary therapies and herbal cures could also restrain market revenue growth.
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The global Gynecological Diagnostic Devices is segmented into diagnostic devices, surgical devices, and therapeutic devices. The diagnostic devices segment accounted for the largest revenue share in the global Gynecological Diagnostic Devices in 2022, due to the rising prevalence of gynecological problems and women's health awareness, and the increasing need for early detection and treatment of gynecological diseases. The surgical devices segment is expected to register steady fast revenue growth rate in the global Gynecological Diagnostic Devices during the forecast period. Among other things, forceps, scissors, trocars, and retractors are some of the surgical tools used in gynecology. The therapeutic devices segment is expected to account for a significantly large revenue share in the global Gynecological Diagnostic Devices during the forecast period.
Based on end-use, the global Gynecological Diagnostic Devices is segmented into hospitals, clinics, and others. The hospitals segment is expected to register the fastest revenue growth rate in the global Gynecological Diagnostic Devices during the forecast period, due to the presence of cutting-edge medical equipment and infrastructure. The clinics segment is expected to account for a considerably large revenue share in the global Gynecological Diagnostic Devices during the forecast period, due to the rising number of gynecological clinics and diagnostic facilities around the world.
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The North America market accounted for the largest revenue share in the global Gynecological Diagnostic Devices in 2022. This is due to the increasing prevalence of gynecological diseases and disorders, as well as the implementation of cutting-edge technologies, such as minimally invasive surgeries, and the presence of significant market participants and advantageous reimbursement policies. The Europe market is expected to register the fastest revenue growth rate in the global Gynecological Diagnostic Devices during the forecast period, due to rising awareness about gynecological diseases and disorders, the existence of significant industry competitors, and increasing demand for minimally invasive procedures. The Asia Pacific market is expected to account for a considerably large revenue share in the global Gynecological Diagnostic Devices during the forecast period.
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