Hysteroscopy instruments are used mainly to treat the gynecological problems such as abnormal uterine bleeding due to sub mucosal myoma, uterine malformations, polyps, and others. With the help of these instruments minimally invasive surgeries are performed to treat these intrauterine infections. As a result, there is a reduced blood loss, smaller incisions, reduced time to recover, and lesser duration of hospital stay. These properties of hysteroscopes propel the global demand for hysteroscopes market. These devices have brought about a significant changes in surgical procedures owing to their ease of use, efficiency, accuracy and pocket-friendly cost.
According to a research report by Transparency Market Research, the global hysteroscopes market is anticipated to grow with a decent CAGR of 6.0% within the forecast period from 2017 to 2025. By the end of 2025, the amrket is likely to reach worth US$3.55 bn.
What are the leading factors propelling the growth of global hysteroscopes market?
The process of hysteroscopy can be carried out by administering a local anesthesia in patients. The distinct properties of the device are making it a preferable option among the doctors and healthcare specialists. It is one of the most prescribed treatment for uterine intracavitary ailments. Since past few years, physicians and patients, both are preferring hysteroscopy in place of conventional surgeries, it provides better stability, convenience, and optimum image brightness. It also eases out the post-operation discomfort. These are the major factors that are fueling the growth of hysteroscopes market all over the world. The only factor that is obstructing the market demand of these devices is their proper entry while carrying out the surgical process.
Apart from the obvious contributing factors, the increase in the investments for product innovation by the key players in the market. Manufacturers are launching higher resolution, high-definition optical lenses that are made from sapphire glass. This material provide better and clear visibility. Moreover, manufacturing firms are also developing semi-flexible shaft hysteroscopes to attract more customers. Firms are coming up with several strategies to sustain and grow in the market, for example, mergers and collaborations along with competitive pricing of the product.
What are the major segments dominating the hysteroscopes market worldwide?
On the basis of application, the global hysteroscopes market is segmented into surgical hysteroscopes and diagnostic hysteroscopes. Among these, the diagnostic hysteroscopes is sub-segmented into intrauterine foreign body, abnormal bleeding, abnormal hysterosalpingogram infertility and pregnancy wastage, and others. Similarly, the surgical hysteroscopes is categorized further as polypectomy, endometrial ablation, myomectomy, and others. Moreover, based on product, the global hysteroscopes market is divided into rigid hysteroscopes and flexible hysteroscopes. The flexible hysteroscopes held the major number of market share in the past, and is expected to continue dominating the product type segment within the forecast period. This hysteroscopes segment is preferred due to lesser complications compared to the other one, which encourages the customers to use it more frequently. As per the end user, the global market is segmented broadly into ambulatory surgical centers, hospitals, and gynecology clinics. Of them, the hospitals segments pulled in greatest revenue in 2016 and is foreseen to keep ruling in coming years as well.
What factors make North America a key region among rest of them in the hysteroscopes market?
Geographically, North America region registers the maximum amount of shares in the hysteroscopes market owing to its comparatively better healthcare facilities and infrastructure. Moreover, there has been a rise in awareness among the women in the region. The government policies in favor of healthcare sector is also contributing in the dominance of the region. Moreover, it is further trailed by Europe owing the presence of various key players in the region along with high number of market shares.
Olympus Corporation, MEDTRONIC, Stryker, B. Braun Melsungen AG, and MedGyn Products, Inc. are some of the key companies leading the global hysteroscopes market.
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