Our new research study on “Gynecology Device Market Forecast to 2028 — COVID-19 Impact and Global Analysis — based on product, has been segmented into, Surgical Devices, Hand Instruments, and Diagnostic Imaging systems. Various Instruments and devices are used for gynecological procedures. Instruments used for dissection are scalpels, scissors, curettes, drills, rasps, and dermatomes. Other instruments that are used include forceps and retractors. The surgical devices used for gynecology procedures are specially designed. Since the uterus is a tough muscle, the instruments to be used for gynecological purposes are heavier than the instruments used for general surgeries. a few of the commonly used surgical devices for gynecological purposes are vaginal speculums, tenaculum, scissors, biopsy punches, Heaney needle holders, and Heaney or Ballentine forceps. The devices used for gynecological procedures have specific functions for which they are preferred. Manufacturers operating in the gynecology devices market are focusing on increasing their current product offering and expanding their manufacturing base. Owing to these factors, the market is expected to grow at a steady pace during the forecast period.
The surgical devices segment led the gynecology devices market in 2022, contributing a market share of 53.76%. The segment is expected to retain its dominance during the forecast period to account for a market share of 54.90% of the overall revenue generated by 2028. The Gynecology device market value is likely to be US$ 7,342.36 million in 2022 and is anticipated to reach US$ 13,797.50 million by 2028. The market growth rate for this segment is projected to be 11.1% from 2022 to 2028.
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The gynecology device market majorly consists of players, such as Cooper Surgical, Inc.; Hologic, Inc.; Medtronic; Stryker; Karl Storz, SE&CO. KG; Olympus Corporation; General Electric Company; Richard Wolf GMBH; and Ethicon.
Olympus Corporation is among the established manufacturers of medical devices situated in Japan. The company operates through four of its business segments, medical systems, scientific solution segment, imaging segment, and others. The company has its offices as well as manufacturing units in regions such as Asia Pacific, Europe, America as well as the Middle East. The company has strong sales in North America and Asia, including Japan. The company has been investing in R&D activities that have helped in product innovation. The strong presence and broad portfolio of endoscopes, instruments, and imaging systems are considered to be the factors driving the company’s growth. The company has 106 subsidiaries and 2 affiliates, through which it caters to the demands of the local as well as global level. The company offers gynecological devices under the endoscopy and surgical segment covered under the medical division. Other products offered under the medical division of the company include, surgical and endotherapy. The demand for endoscopes offered by the company is significantly high in regions such as the Asia Pacific as well as Europe, due to the presence of established overseas offices that look after the sales of the products being offered by the company.
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