PUBLISHER: DelveInsight | PRODUCT CODE: 1618269
PUBLISHER: DelveInsight | PRODUCT CODE: 1618269
Endometrial Ablation Devices Market by Product Type (Cryoablation devices, Hydrothermal Ablators, Thermal Balloon Ablator, Radiofrequency Ablators, Microwave Ablators, and Others), End-User (Hospitals & Clinics, Specialty Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) is expected to advance at a respectable CAGR forecast till 2030 owing to the rising prevalence of gynecological disorders and increasing product developmental activities globally
The Endometrial Ablation Devices market was valued at USD 3,538.60 million in 2023, growing at a CAGR of 4.95% during the forecast period from 2024 to 2030 to reach USD 4,719.50 million by 2030. The demand for Endometrial Ablation Devices is witnessing positive growth owing to factors such as the increasing instances of gynecological disorders such as pregnancies, ovarian cysts, fibroids, polycystic ovary syndrome, endometriosis and others, advancements in technology, and the increasing demand for comprehensive reproductive health monitoring among others, that are acting as major factors driving the growth of the Endometrial Ablation Devices during the forecast period from 2024 to 2030.
Endometrial Ablation Devices Market Dynamics:
According to data from the World Health Organization 2024, each year, an estimated 21 million pregnancies occur among adolescents aged 15 to 19 years in low- and middle-income countries. Adolescent mothers, aged 10-19 years, face significantly higher risks of complications such as eclampsia, puerperal endometritis, and systemic infections compared to women aged 20-24 years.
Additionally, approximately 73 million induced abortions are performed globally each year. Induced abortions account for 61% of all unintended pregnancies and 29% of all pregnancies. The same source in 2023 stated that polycystic ovary syndrome (PCOS) affects approximately 8 to 13% of women of reproductive age. Despite its prevalence, up to 70% of those affected remain undiagnosed globally. PCOS stands as the most frequent cause of anovulation and is a major contributor to infertility. Also, endometriosis impacts approximately 10% of women and girls of reproductive age worldwide, affecting an estimated 190 million individuals.
As per the latest statistics given by the U.S. Department of Health & Human Services in February 2021, by the time women reach at the age of 50, between 20 to 80 percent of women are expected to have fibroids globally.
The high prevalence of reproductive health conditions such as adolescent pregnancy complications, polycystic ovary syndrome (PCOS), endometriosis, and uterine fibroids often lead to abnormal uterine bleeding, a primary indication for endometrial ablation. Increased awareness, earlier diagnoses, and the need for minimally invasive, effective treatments further accelerate market growth.
Therefore, the factors stated above collectively will drive the overall Endometrial Ablation Devices market during the forecast period from 2024 to 2030.
However, the risks of associated with endometrial ablation procedures, including infection, tearing of uterine wall, and hemorrhage and others may limit their end-user base, thus acting as key constraints limiting the growth of the Endometrial Ablation Devices.
Endometrial Ablation Devices Market Segment Analysis:
Endometrial Ablation Devices Market by Product Type (Cryoablation devices, Hydrothermal Ablators, Thermal Balloon Ablator, Radiofrequency Ablators, Microwave Ablators, and Others), End-User (Hospitals & Clinics, Specialty Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the product type segment of the Endometrial Ablation Devices market, the radiofrequency ablators category is estimated to amass a significant revenue share in the Endometrial Ablation Devices market in 2023. The market for radiofrequency ablators devices within the endometrial ablation segment is experiencing growth due to several factors rooted in clinical efficacy, patient outcomes, and healthcare trends.
Radiofrequency ablators provide a minimally invasive alternative for the treatment of abnormal uterine bleeding (AUB), offering a high success rate and reduced recovery times compared to traditional surgical methods such as hysterectomy. Growing investments by leading medical device manufacturers to innovate and promote radiofrequency ablators devices, coupled with increasing healthcare expenditure in emerging markets, are fueling market expansion.
Also, the increasing technological advancement is likely to bode well for market growth during the forecast period. For instance, in September 2021, Gynesonics received approval from the US FDA for their next-generation Sonata System 2.2 radiofrequency ablation of fibroid tumors. This Sonata technology platform integrates a commercial intrauterine ultrasound system with an advanced radiofrequency ablation device to provide incision-free, uterus-preserving treatment.
Hence, owing to all the aforementioned factors, the market will experience an increased demand for radiofrequency ablators thus driving the category growth in the Endometrial Ablation Devices market during the forecast period from 2024 to 2030.
North America is expected to dominate the overall Endometrial Ablation Devices market:
Among all the regions, North America is expected to account for the highest proportion of the Endometrial Ablation Devices Market in 2023, out of all regions. This growth can be attributed to the large patient population suffering from ovarian cancer, and endometriosis, increasing investments in device modalities, and regulatory approvals which are acting as key factors contributing to the growth of the Endometrial Ablation Devices market in the North America region during the forecast period from 2024 to 2030.
Data from the Global Cancer Observatory 2024, stated that in 2022, 0.0245 million were affected by ovarian cancer, and by 2045, 0.0315 million are projected to be diagnosed with ovarian cancer in the region.
According to the American Cancer Society 2023, around 19,710 new cases of ovarian cancer were diagnosed in 2023 in the US. According to data from the Journal of Obstetrics and Gynecology Canada (2020), in a survey conducted from 2018-2019, the estimated prevalence of endometriosis was found to be 7%, out of which 84.1% of the women were aged between 18 and 29.
Endometrial Ablation Devices play a crucial role in the management of ovarian cancer and endometriosis. For ovarian cancer, these systems are essential for ablating tumors and guiding treatment decisions.
Increasing strategic planning among the key players will also drive the market of endometrial ablation devices. For instance, in February 2021, CooperSurgical announced the acquisition of AEGEA Medical and its FDA-approved Mara Water Vapor Ablation system. The acquisition complemented CooperSurgical's growing portfolio of medical products that were focused on clinic and practice-based women's health. Mara is an in-office treatment that ablated the lining of the uterus in under two minutes for treatment of Heavy Menstrual Bleeding (HMB) in women.
Also, in October 2021, Hologic, announced acquisition of Bolder Surgical, for USD 160 million. The complementary acquisition of Bolder Surgical added to Hologic's surgical product line, which included the NovaSure(R) endometrial ablation system for the treatment of abnormal uterine bleeding, the MyoSure(R) tissue removal devices for the treatment of intrauterine fibroids and polyps, the Acessa(R) laparoscopic radiofrequency ablation system for the treatment of fibroids, among others.
Therefore, the interplay of all the aforementioned factors above would provide a conducive growth environment for the North America region in the Endometrial Ablation Devices market.
Endometrial Ablation Devices Market key players:
Some of the key market players operating in the endometrial ablation devices market include Medtronic, Johnson & Johnson Services, Inc., Olympus Corporation, Minerva Surgical, Inc., Hologic, Inc., CooperSurgical Inc., Richard Wolf GmbH, AngioDynamics, KARL STORZ SE & Co. KG, IDOMAN-MED, Arthrex, Inc., Channel Medsystems, Inc., Gynesonics, Boston Scientific Corporation, AEGEA Medical, and others.
Recent Developmental Activities in the Endometrial Ablation Devices Market:
Key Takeaways from the Endometrial Ablation Devices Market Report Study
Target audience who can be benefited from this Endometrial Ablation Devices Market Report Study
Frequently Asked Questions for the Endometrial Ablation Devices Market:
Endometrial Ablation Devices Market Restraints and Challenges