Hysterectomy Alternatives Market: Uterine Artery Embolization to Dominate the Global Market
Hysterectomy Alternatives Market: Introduction
- The process of removal of uterus, either completely or partially, from a female body is known as hysterectomy. It is a common surgical procedure, which involves the removal of a woman's uterus. Hysterectomies are generally performed to treat various medical conditions such as uterine fibroids, abnormal uterine bleeding, and pelvic prolapse.
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- Depending on the severity of the condition, hysterectomy can be partial or complete, which involves the removal of uterus. Hysterectomy has various side effects associated with it including hormonal imbalance, inability to conceive, and disappearance of menstruation.
- Alternative methods are adopted, such as myomectomy, uterine artery embolization, hysteroscopy, endometrial ablation, and hormonal treatments, to overcome these side effects
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Key Drivers and Restraints of Global Hysterectomy Alternatives Market
- Rise in various gynecological problems in females such as uterine fibroids and uterine cancer is a major driver of the global hysterectomy alternatives market
- Inefficient treatment through hysterectomy leads to a number of side effects such as hormonal imbalance, rise in infection rates, and mood swings. Increase in research & development initiatives in the healthcare sector, rise in funding by government, technological advancements in the field of medical sciences, and large number of corporates investing in R&D are the other factors propelling the global market.
- However, lack of funding and government regulations are expected to hamper the growth of the global market during the forecast period
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Uterine Artery Embolization to Dominate Global Hysterectomy Alternatives Market
- In terms of type of procedure, the global hysterectomy alternatives market can be classified into myomectomy, uterine artery embolization, hysteroscopy, endometrial ablation, and hormonal treatments
- The uterine artery embolization segment is expected to dominate the global market due to minimal pain caused, efficacy & accuracy of the technique, less chance of infection, and faster recovery compared to open surgeries
Hospitals Segment to Witness Highest Growth
- Based on end-user, the global hysterectomy alternatives market can be divided into hospitals, ambulatory surgical centers, and others
- The hospitals segment dominated the global hysterectomy alternatives market due to increase in number of gynecological cases and facilities provided in hospitals to patients such as screening tests, isolation wards, and other health care infrastructure facilities
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North America to Dominate Global Hysterectomy Alternatives Market
- In terms of region, the global hysterectomy alternatives market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America accounted for the largest share of the global hysterectomy alternatives market in 2020, followed by Europe. Rise in prevalence and increase in incidence of chronic diseases among patients, technological advancements, increase in research & development in healthcare, and surge in funding by government and large corporates are attributed to North America's large share of the global market.
Key Players Operating in Global Hysterectomy Alternatives Market
The global hysterectomy alternatives market was highly fragmented in 2020. Key players operating in the global market are:
- Conceptus, Inc.
- Johnson & Johnson
- Hologic, Inc.
- Boston Scientific Corporation
- Karl Storz SE & Co. KG
- Cooper Companies, Inc.
- Planmeca (PLANMED OY)
- Agfa-Gevaert Group
- Houston Fibroids
- Stryker Corporation
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