Breaking News

Gynecological Devices Market | Urban Women Seeking Medical Help for Women-centric Health Issues Benefits Market

img

The global Gynecological Devices Market is marked by a fragmented business landscape as top players mostly cater to the demand in regional markets. This leaves ample room for new companies to foray into the market and focus on niche market segments, says a new report by Transparency Market Research (TMR). The top three companies, namely Boston Scientific Corporation, Olympus Corporation, and Cooper Surgical held over 25.5% revenue of the overall market in 2014. Leading players in the market are vying to serve the demand for innovative products and non-invasive devices that will help expand their market share. Increasing number of patients seeking medical help for women-centric health issues, especially in developing countries is likely to open vast opportunities for vendors in the global gynecological devices market.

While currently, regional and small players account for a significant share in the overall market, increasing entry barriers are limiting new companies to enter the market. Stringent regulations and long hauls for product approval are also limiting the entry of new companies. Furthermore, an insufficient number of venture capitalists willing to provide funding in the gynecological devices sector is posing challenges for new companies to enter this market.

Request to View Sample of Report –

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=613

The TMR report estimates the global gynecological devices market to rise at a CAGR of 4.8% for the forecast period between 2015 and 2023, for the market to become worth US$22.5 bn vis-à-vis revenue by 2023-end. The opportunities in the market translated into a revenue of US$14.9 bn in 2014. By device type, gynecological surgical devices accounted for the leading market share in 2014 and is expected to continue to lead over the forecast timeframe. North America, among the key regions, led the gynecological devices market in 2014. Early adoption of advanced devices will lead the region to maintain its lead position until 2023.

Also Read:  2018-2025 Modified PEEK Market, Status and Forecast, by Players, Types and Applications

Increasing prevalence of gynecological disorders such as cervical cancer, menorrhagia, uterine fibroids, and a number of small ailments is the foremost factor driving the gynecological devices market. Rising availability of diagnostic services and rising awareness about therapeutics for gynecological diseases is displaying demand for gynecological devices in developing countries. Global health organizations and efforts of voluntary organizations for the betterment of women health in underdeveloped countries is also stoking demand for gynecological devices. These organizations conduct women health check-ups periodically for preventive care.

In addition, modern lifestyle and personal and professional stress have also been key factors behind gynecological disorders. Women in urban areas tend to seek medical help for women-centric ailments that may impact the quality of life. This is fuelling the gynecological devices market. The growing population of elderly women is also a key factor stoking demand for gynecological devices.

Also Read:  Global Protective Coating Resins Market Forecast by 2018-2025 Market Dynamics, Development Status, Vendor

Request to View Brochure of Report –

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=613

Increasing healthcare expenditure and efforts of governments in developing economies to improve women health is also providing a significant boost to the growth of gynecological devices market in these countries. Women health in these countries have drawn the attention of health departments that are conducting mass health programs and free check-up camps, especially for women of economically weak strata.

Lastly, Increasing R&D initiatives by leading companies for the introduction of highly reliable and non-invasive devices is also stoking the growth of the gynecological devices market.

Enquiry for discount on this report –

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=613

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

 

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Email

Go to website