Gynecology Surgical Instruments | Application | End User | Global Forecast
The gynecology surgical instruments market is expected to reach USD 2.44 Billion by 2021 from USD 1.73 Billion in 2016 at a CAGR of 7.1%
(EMAILWIRE.COM, February 02, 2019 ) Major factors driving the growth of this market include a high incidence of gynecological diseases, increasing awareness of gynecological diseases, and rising government investments for providing advanced healthcare facilities & services. In addition, emerging Asian markets have opened an array of opportunities for players in this market. However, the increasing preference for robotic surgeries may restrain the growth of this market.
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Based on application, the market is further divided into laparoscopy, hysteroscopy, dilation and curettage, colposcopy, and other applications. Laparoscopy forms the largest and fastest-growing application segment of the global market. This is mainly attributed to the various advantages of laparoscopy procedures, which includes less blood loss, shorter hospital stays, and fewer intraoperative & postoperative complications.
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Based on end user, the market is segmented into hospitals, clinics, and ambulatory surgery centers. Hospitals and clinics are expected to dominate the market for gynecology surgical instruments. Growth in this end-user segment can be attributed to the increasing incidence of diseases such as endometriosis, uterine fibroids, gynecological cancers and the subsequent increase in the number of gynecology surgical procedures.
Key market players are B. Braun Melsungen AG (Germany), CooperSurgical Inc. (U.S.), Ethicon, Inc. (U.S.), KARL STORZ GmbH & Co. KG (Germany), KLS Martin Group (U.S.), MedGyn Products (U.S.), Olympus Corporation (Japan), Richard WOLF GmbH (Germany), Sklar Surgical Instruments (U.S.), and Tetra Surgical (Pakistan).
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