Gynecology Device Market for Surgical Devices Segment to Grow Significantly During 2022-2028

Our new research study on "Gynecology Device Market Forecast to 2028 - COVID-19 Impact and Global Analysis - based on product, has been segmented into, Surgical Devices, Hand Instruments, and Diagnostic Imaging systems. Various Instruments and devices are used for gynecological procedures. Instruments used for dissection are scalpels, scissors, curettes, drills, rasps, and dermatomes. Other instruments that are used include forceps and retractors. The surgical devices used for gynecology procedures are specially designed. Since the uterus is a tough muscle, the instruments to be used for gynecological purposes are heavier than the instruments used for general surgeries. A few of the commonly used surgical devices for gynecological purposes are vaginal speculums, tenaculum, scissors, biopsy punches, Heaney needle holders, and Heaney or Ballentine forceps. The devices used for gynecological procedures have specific functions for which they are preferred. Manufacturers operating in the gynecology devices market are focusing on increasing their current product offering and expanding their manufacturing base. Owing to these factors, the market is expected to grow at a steady pace during the forecast period.

The global gynecology devices market is projected to reach US$ 25,131.22 million by 2028 from US$ 13,658.41 million in 2022; it is expected to grow at a CAGR of 10.7% from 2022 to 2028.

COVID-19 Pandemic Impact on Gynecology Device Market

The global healthcare system was severely challenged with an explosive surge of COVID-19 positive cases, propelling the demand for medical care. The Increased need for treatment and solution for Coronavirus has increased the demand for the management of COVID-19 cases in hospitals and other healthcare facilities. The medical device industry is facing the negative impact of the COVID-19 pandemic. The pandemic had a significant impact on the gynecology market, as the majority of gynecological procedures are considered elective. In March 2020, the American College of Surgeons recommended the delay of all nonessential invasive procedures.. In 2019, about 1,545 gynecologic surgeries were performed compared with 942 cases in 2020, a decline of 39% was witnessed. In addition, about 502 hysterectomies were performed in 2019, while only 286 procedures were performed in 2020. Hysterectomy decreased by 60.5% and resection of endometriosis decreased by 90.4%. Therefore, the global gynecology device market fell by more than 30% in 2020, compared to 2019. In addition, disrupted supply chains, extended lockdowns, and canceling of other medical procedures have also negatively affected the growth of the gynecology devices market. However, following the relaxation of lockdown restrictions, most countries resumed treatment of the patients. Resuming ART treatments was seen as a priority in most countries due to the time-sensitive nature of infertility and the potential long-term impact on population growth. Also, hospitals have started resuming elective procedures because the COVID-19 recovery rate is increasing. Therefore, there is a rising demand for medical equipment, such as gynecology devices.

The gynecology device market majorly consists of players, such as Cooper Surgical, Inc.; Hologic, Inc.; Medtronic; Stryker; Karl Storz, SE&CO. KG; Olympus Corporation; General Electric Company; Richard Wolf GMBH; and Ethicon.

The report segments the Gynecology Device market as follows:

The gynecology device market is segmented on the basis of products and end-user. Based on products, the market is segmented into surgical devices, hand instruments, and diagnostic imaging systems. Based on end-user, the gynecology device market is segmented into hospitals, diagnostic centers, clinics, and others.

By geography, the global gynecology device market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of south and central America).

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