PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339051
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339051
The global hysteroscopes market size is expected to reach USD 456.57 million by 2032, according to a new study by Polaris Market Research. The report "Hysteroscopes Market Share, Size, Trends, Industry Analysis Report, By Product (Rigid Hysteroscope and Flexible Hysteroscope); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing incidence of gynecological diseases and rapidly surging adoption of several types of minimally invasive treatments coupled with the growing adoption of office hysteroscopy and rising utilization of hysteroscopes for the fertility examinations are prominent factors expected to drive the market growth.
Additionally, the exponential growth in the healthcare market in emerging economies and growing prevalence of free-trade agreements along with the innovations in technology in healthcare solutions, are further estimated to create lucrative growth opportunities for the market. For instance, in November 2022, Medtronic introduced TruClear system. It is hysteroscopic tissue removing system used in the treatment of intra-uterine abnormalities. It is a new addition to company's GYN and women health portfolio and is specially built to facilitate a less invasive way of treating.
In the recent years, there has been significant advancements in hysteroscope technology such as the development of smaller, more flexible instruments and improved imaging capabilities, which makes several healthcare and surgical procedure more efficient and effective. Conditions like endometriosis, uterine fibroids, and abnormal uterine bleeding are becoming more common, particularly among women of reproductive age, has led to significant adoption of hysteroscopes, as it often requires hysteroscopy for diagnosis and treatment.
Furthermore, patients across the globe are highly preferring outpatient procedures due to the convenience, lower costs, and reduced hospital stay offered by these procedures along with the growing incorporation of several new technologies and techniques across large number of hospitals and gynecological clinics which makes it easier for physicians to identify abnormalities in the uterus across the world, in order to meet the emerging patient needs and requirements is positively contributing towards the market demand and growth.
Rigid hysteroscope segment accounted for highest market share in 2022, on account of growing number of people suffering from gynecological disorders like fibroids and endometriosis
Myomectomy segment held the significant market revenue share in 2022, which is mainly driven by its capabilities to diagnose several miscarriages and rising popularity of invasive surgical procedures
Gynecology clinics segment is projected to grow rapidly during the forecast period, mainly due to growing awareness among women regarding regular gynecological checkups into these clinics
North America region dominated the global market with largest share in 2022, owing to presence of well-established healthcare infrastructure and rising R&D investments to develop innovative solutions
The global key market players include: Life Care Medical Devices, Boston Scientific Corporation, Richard Wolf GmbH, Olympus Corporation, Medtronic, and Silex Medical
Polaris Market Research has segmented the hysteroscopes market report based on product, application, end-use, and region: