Fact.MR – A Market Research and Competitive Intelligence Provider: The global hysteroscopy systems market is expected to grow at a 5% CAGR during the forecast period between 2019 to 2029, predicts Fact.MR.
Top 5 Hysteroscopy Systems Market Players to Command Over 80% Sales
Fact.MR’s new study on the hysteroscopy systems market provides an analysis of the latest trends in terms of segments, including product, modality, end-user, and region. It also forecasts the revenue growth at country, regional, and global level. In addition, the study also provides exhaustive analysis on the leading and existing players and their growth strategies.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global hysteroscopy systems market is expected to grow at a 5% CAGR during the forecast period between 2019 to 2029, predicts Fact.MR. Increasing prevalence of Polycystic Ovary Disease (PCOD) in adolescent women is set to propel the market in the near future.
Hysteroscopy is a procedure of inserting a small device into the uterus for diagnosing and treating abnormal bleeding. The device known as a hysteroscope, has a small light and a camera to capture images of the uterus.
Women suffering from postmenopausal bleeding, pelvic pain, and heavy periods often opt for this procedure to get a diagnosis. In case of abnormal bleeding, a hysteroscopy system is used to eliminate the uterine lining with the help of other instruments.
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As per Fact.MR, increasing adoption of unhealthy lifestyle is expected to surge the prevalence of uterine fibroids and cancer over the forthcoming years. This factor is set to further propel the demand for hysteroscopy systems across the globe.
According to the U.S. Department of Health & Human Services, uterine fibroids develop in about 20% to 80% of women by the time they reach the age of 50. The organization also states that the risk of uterine fibroids is two to three times higher than average in overweight women.
“Increasing awareness about women’s health and favorable government initiatives across the globe is anticipated to boost the demand for hysteroscopy systems. Apart from that, higher government support to improve the healthcare infrastructure is also likely to propel the growth in the market,” states a Fact.MR analyst.
Key Takeaways:
- Based on region, North America and Europe are anticipated to, collectively, capture around half of the hysteroscopy systems market share.
- In terms of product, the rigid non-video hysteroscopes sub-segment is likely to dominate as these are available in a wide range of diameters.
- Flexible non-video (fiber) hysteroscopes segment is expected to hold the second largest share owing to their ability to provide better optical visualization.
- By end-user, the hospitals segment is projected to lead the market on the back of rapid development of the gynecology diagnosis & treatment units.
Growth Drivers:
- Increasing risk of postmenopausal complications is likely to bolster the demand for hysteroscopy systems.
- Emergence of novel hysteroscopy systems for usage in office-based set-ups is likely to boost the growth in this market.
Restraints:
- In some cases, hysteroscopy systems can damage the digestive or urinary tract, which may limit the growth in this market.
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Competitive Landscape
KARL STORZ, Olympus, Hologic, Stryker, and Boston Scientific are the top five key players in the global market for hysteroscopy systems. These companies altogether are expected to account for 80% of the market share in the near future.
These companies are focusing on mergers and acquisitions to strengthen their positions. Meanwhile, some other players are aiming to gain a competitive edge in the market by introducing state-of-the-art products.
For instance,
- February 2021: VirtaMed, a Switzerland-based developer of virtual reality simulators, announced the launch of a validated combined mixed reality training platform for gynecological laparoscopy and hysteroscopy. The company added more than 50 cases in the hysteroscopy training platform, including advanced electrosurgical resection and polypectomy.
- September 2021: Hologic, Inc., a medical technology company headquartered in the U.S., introduced its comprehensive gynecological surgical offering. The Omni suite is capable of optimizing operative and diagnostic hysteroscopy in Europe, Africa and the Middle East (EMEA).
- November 2019: Meditrina, Inc., a California-based medical device company, announced the launch of the Aveta Hysteroscopy System. It was designed to help physicians in diagnosing and treating uterine fibroids and endometrial polyps. The new product includes the single-use Aveta Coral Hysteroscope for polypectomy procedures and the Aveta Pearl Hysteroscope for myomectomy.
Key Players in the Hysteroscopy Systems Market Include:
- KARL STORZ
- Olympus
- Hologic
- Stryker
- Boston Scientific
- Hospiline Equipments
- Maxer Medizintechnik
- B. Braun
- Ethicon
- Richard Wolf
- Medicon
- MedGyn Products
- Medtronic
- Cook Medical
More Valuable Insights on Hysteroscopy Systems Market
Fact.MR provides an unbiased analysis of the hysteroscopy systems market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the global hysteroscopy systems market with a detailed segmentation on the basis of:
Product
- Hysteroscopes
- Flexible Video Hysteroscopes
- Non-Video Hysteroscopes
- Rigid Non-Video Hysteroscopes
- Flexible Non-Video (Fiber) Hysteroscopes
- Hysteroscopy Fluid Management Systems
- Hysteroscopic Tissue Removal Systems
Modality
- Benchtop Systems
- Stand-Alone Systems
- Handheld Systems
End-user
- Hospitals
- Diagnostic Laboratories
- Office-Based Setting
- Ambulatory Surgical Centers
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Key Questions Covered in Hysteroscopy Systems Market Report
- The report offers insight into the hysteroscopy systems market demand outlook for 2019-2029.
- The market study also highlights projected sales growth for hysteroscopy systems market between 2019 and 2029.
- Hysteroscopy systems market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Hysteroscopy systems market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
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