The global gynecological devices market is expected to grow at a lucrative rate during the forecast period due to increasing demand for gynecological specialized procedures, increasing incidences of anomalies and conditions related to female fertility, increasing awareness towards healthcare and personal care to in the global population. Furthermore, shift in trend towards disease inducing lifestyle habits in the female population, technological advancement in surgical equipments with maximum motion and precision which enable surgeons to perform complex surgical procedures which result in minimal body damage or scarring, reduced length of stay at hospitals, as well as faster recovery and the rising demand for such minimally invasive gynecological devices are also expected to drive market growth throughout the forecast period.
Increasing applications of endoscopes in gynecological surgeries, technological advancements in the gynecological medical device market such as introduction of endometrial ablation devices for treating menorrhagia and minimally invasive procedures such as hysteroscopy and robotic -assisted laparoscopy have created alternatives for treating gynecological disorders with different operative procedures and these developments in the gynecological devices are expected to drive demand for the gynecological device market through to 2022.
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The geographical analysis of gynecological devices market can be segmented into North America, Europe, Asia-Pacific and Latin America and MEA. North America accounts for the largest market share in the year 2014. This largest market share is attributed to the highly evolved reimbursement policies in the U.S and introduction of novel, technologically advanced devices. Asia Pacific region with emerging economies like China and India are expected to grow at a significant rate during the forecast period owing to increasing corporate and government funding in research and development, increasing preference and awareness for minimally invasive surgical procedures, and increasing median age of the population.
The global gynecological devices market is highly competitive owing to emergence of new entrants in the market and the presence of well established firms. The key participants in the gynecological medical devices include Meditelle Medical Equipment, Ethicon, Hologic, Coopersurgical inc., Boston scientific, Medtronic, BTL Medical technologies, Bayer, KARL STORZ GmbH & Co, , Richard Wolf , Olympus, Stryker, Welch Allyn and ATMOS MedizinTechnik GmbH & Co.
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