Press Release / Health and Fitness / Gynecological Devices Market Rising Trends and Demands In Women’s Health Industry 2018-2026
Gynecological Devices Market Rising Trends and Demands In Women’s Health Industry 2018-2026
By healthcare market insights on March 26 2019 | 632 Views
The Global Gynecological Devices Market was valued at US$ 2,667.8 million in 2015 and is expected to witness a moderate CAGR of 6.3% during the forecast period (2016 – 2024)
The Global Gynecological Devices Market was valued at US$ 2,667.8 million in 2015 and is expected to witness a moderate CAGR of 6.3% during the forecast period (2016 – 2024).
Most of the women worldwide are oblivious to the high risk of dreadful diseases such as cervical cancer, pelvic pain, uterine fibroids, and vaginitis that they are susceptible to. The Centers for Disease Control and Prevention (CDC) runs a National Breast and Cervical Cancer Early Detection Program (NBCCEDP) that has been running successfully for over 20 years. The program aims to create awareness and provide women in the low-income group or those who are uninsured, with regular breast and cervical cancer screening and diagnostic services.
Early detection is vital in treating such diseases and such initiatives would propel growth of gynecological imaging devices market. Increasing prevalence of gynecological diseases would propel demand for gynecological surgical devices. The Obstetrics and Gynecology Devices Panel at the Food and Drug Administration (FDA) reviews and evaluates the safety and effectiveness of investigational and marketed gynecological devices to ensure patient safety.
Market Dynamics
Demand for gynecological devices would increase consequently with increasing gynecological surgeries. Although drugs are the first line treatment for a majority of gynecological diseases, surgeries are performed in severe conditions. Demand for such surgeries and consequently for devices used for the same are driven majorly by increasing incidence of gynecological diseases such as cervical cancer, uterine fibroids, endometriosis, vaginitis and pelvic inflammatory disease (PID). PID is the second most common and serious complications among the women in the U.S.
According to the Endometriosis UK, 10% of the population of women worldwide is affected by endometriosis (2016). Global female population in the age group of 15-64 years increased from 63% in 2010 to 65.6% in 2015 (World Bank). This age group is highly prone to gynecological problems, owing to changing lifestyle and growing infection rates. Risk of gynecological problems increases with age. Female population aged 65 years and above increased exponentially from 6.8% in 2010 to 8.2% in 2015 (World Bank). Need for gynecological devices is expected to increase considerably with this growing aging population. This trend would further propel growth of the gynecological devices market.
Gynecological examination requires meticulous approach to avoid diagnostic error. Specialized devices such as vaginal speculums, curettes, forceps, and retractors are developed to ease the surgery. Moreover, gynecological examination chairs makes conditional screening less cumbersome for the gynecologist. Such innovative devices have augmented the gynecological devices market growth.
Ask For Sample Copy Of This Business Research Report : https://www.coherentmarketinsights.com/insight/request-sample/152
Growing incidence of gynecological conditions such vaginitis, endometriosis, and uterine fibroids would generate demand for gynecological devices in hospitals and surgical centers. Cervical cancer is one of the most prevalent condition among women worldwide. Growing incidence of cervical cancer would propel the gynecological devices market growth during the forecast period (2016–2024).
Highly populous emerging economies to be major target markets
The Centers for Disease Control and Prevention (CDC) runs a National Breast and Cervical Cancer Early Detection Program (NBCCEDP) to create awareness and provide women in the low-income group or those who are uninsured, with regular breast and cervical cancer screening and diagnostic services. Growing awareness initiatives for women population is creating a demand for early diagnosis of a disease.
Improving healthcare infrastructure would be an effective driver for gynecological devices market growth. A study published in the Journal of Mid-Life Health in 2014 concluded that nearly 90% of surgeries in rural India were conducted without histopathological diagnosis. However, healthcare investment in India is increasing which is expected to establish more hospitals and surgical centers thus, driving growth of the gynecological devices market.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
|
| Latest Exclusive Press Release |
|
