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(Health-NewsWire.Net, April 18, 2021 ) The hysteroscopy instruments market is expected to reach USD 1.89 Billion by 2022 from USD 1.30 Billion in 2017, at a CAGR of 7.8%.
Growth in female geriatric population and rising incidence of gynecological diseases, the increasing adoption of minimally invasive treatments, increasing adoption of office hysteroscopy, and technological advancements are the major factors driving the growth of hysteroscopy instruments market.
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Based on type, the hysteroscopy instruments market is segmented into handheld instruments, hysteroscopes, resectoscopes, hysterosheaths, fluid management systems, and tissue removal systems. The hysteroscopes segment is expected to account for the largest share of the global market, by type, in 2017. The rising incidence of gynecological diseases and the increasing female geriatric population are the major factors driving the growth of the market.
Based on the applications, the hysteroscope market is segmented into diagnostic hysteroscopy and operative hysteroscopy. The diagnostic hysteroscopy segment is expected to grow at the highest CAGR during the forecast period.
North America to dominate the hysteroscopy products market
In 2017, North America is expected to dominate the market, followed by Europe. The high growth of the North American market is attributed to the factors such as technological innovations, increasing healthcare spending, increasing government initiatives to create awareness regarding women’s health, and the increasing incidence of gynecological diseases in that region.
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While North America is expected to dominate the market in 2017, Asia is expected to grow at the highest CAGR during the forecast period. The high growth in this market is attributed to the rising government initiatives for the modernization of healthcare infrastructure, large population base, growing incidence of gynecological diseases, focus on research activities in the field of gynecology therapeutics and strategic expansion of major players in this region are driving the growth in the Asian region.
Leading Companies
The hysteroscopy instruments market is highly competitive with the presence various players. Some of the major players operating in the market are KARL STORZ (Germany), Olympus (Japan), Richard Wolf (Germany), Stryker (US), Hologic (US), Medtronic (Ireland), Ethicon (Scotland), B. Braun (Germany), Boston Scientific (US), MedGyn Products (US), CooperSurgical (US) , Cook Medical (US), Medicon (Germany), Maxer Medizintechnik (Germany), and Hospiline Equipments (India).
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