Hysteroscopy Procedures Market Current and Future Demand, Analysis, Growth and Forecast By 2032
The Hysteroscopy Procedures Market was estimated at US$ 3.7 Billion in 2021 and is anticipated to grow at a CAGR of 8.4% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 9.0 Billion.
The value of hospitals increased at a CAGR of roughly 8.2% between 2017
and 2021 due to a higher volume of patients for gynecological operations than
other healthcare facilities. Any crisis that may emerge during or after medical
treatments can be handled by the hospitals. Furthermore, hospitals offer a wide
range of treatments, which will help the business thrive in the forthcoming
years.
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According to the National Library of Medicine, about 30 thousand
myomectomies for fibroids are performed in the United States each year.
Furthermore, since hospitals provide primary healthcare in the majority of
countries, the number of hysteroscopy procedures conducted in hospitals is
larger than in other healthcare institutions. The primary revenue drivers
influencing the Hysteroscopy Procedures Market include the rising prevalence of
gynecological illnesses such as ovarian cancer, uterine fibroids, and ovarian
cysts, as well as the global trend toward minimally invasive surgery.
Ovarian cysts are highly frequent in females; wherein around 7% of women
globally are reported to have ovarian cysts. In the United States, there are 15
cases per 100 thousand women per year. Women ovarian cysts are seen in 18% of
postmenopausal women and are prevalent in all premenopausal women. The usage of
hysteroscopy procedures in hospitals, clinics, and ambulatory surgical centres
is increasing due to a growth in the number of gynecological illnesses.
Minimally invasive surgery is a medical procedure
that involves the use of a hysteroscope, which is a thin, lighted tube that is
inserted into the uterus through the cervix.
Competitive Landscape
- Medtronic
- Stryker Corporation
- Hologic Inc.
- KARL STORZ SE
& Co. KG
- Medical devises
Business Services Inc.
- Olympus
Corporation
- Delmont Imaging
- CooperCompanies
- Richard Wolf
GmbH
- B. Braun
Melsungen AG
- Maxer Endoscopy
GmbH
- Boston
Scientific Corp.
- MedGyn
Products, Inc.
- Meditrina, Inc.
(Aveta)
- Lina Medical
APS
- Luminelle
Some of the recent developments of key Hysteroscopy Procedures market
providers are as follows:
- In May 2020,
Olympus Corporation signed an agreement with UVision 360 to market its LUMINELLE
DTx hysteroscopy equipment in the United States with an objective to
strengthen and continue growth in United States hysteroscopy procedure
market.
- In November
2019, the AvetaTM Hysteroscopy System has been introduced by Meditrina,
Inc. during American Association of Gynecologic Laparoscopists convention.
The launch of new product will help Meditirna, Inc to strengthen its
position in the market and expand its hysteroscopy procedure product
portfolio.
- In January
2019, Hologic Inc. launched the Omni hysteroscope in the United States, a
three-in-one modular scope with superior imaging capabilities suited for
both diagnostic and therapeutic hysteroscopic end uses.
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Hysteroscopy Procedures Market Segmentation
By End Use:
- Hospitals
- Clinics
- Ambulatory
Surgery Centers (ASCs)
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