Increased risk of postmenopausal complications in older women is expected to propel the hysteroscopy systems market growth during the forecast period.
Rockville, United States – December 3, 2019 —
As per this research report, rising incidence of various gynecological disorders which require early diagnostic treatment is actively stimulating demand for hysteroscopy systems. These days, inclination towards in-office hysteroscopy is gaining prominence as compared to operating room hysteroscopy, primarily due to its minimal invasiveness and relatively compact form. With a purpose to understand the overall market scenario concerning the global hysteroscopy systems market, Fact.MR has published a new study titled “Hysteroscopy Systems Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029”. Based on research insights, the global hysteroscopy systems market is estimated to be valued at US$ 440 Mn in 2019, thereby, exhibiting growth at 5% CAGR during the forecast period (2019 – 2029).
Over the years, technological advancements have played a crucial role in evolving the hysteroscopy systems market. Furthermore, the contributions by leading players has been noteworthy, thereby, supporting market development in the coming years. This assessment diligently presents vital data important for stakeholders, investors and new entrants that highlight key market trends, SWOT analysis, historical market value (US$ Mn) analysis, Y-o-Y growth trend analysis, absolute $ opportunity analysis, macro-economic factors and a lot more.
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Sturdy Growth Opportunities Motivated by Hefty Gynecological Disease Patient Population
As researched by the Centers for Disease Control and Prevention (CDC), U.S., a major share of the women population are at risk of developing uterine cancers and this probability intensifies with age. In addition, uterine fibroids (leiomyomas or myomas) are listed as the most common benign pelvic tumors found in women. The report presents an estimation stating that 80% of women experience uterine fibroids during their lifetime. Correspondingly, unhealthy lifestyles are causing rising prevalence of polycystic ovary disease (PCOD) in a major share of adolescent women. The above-mentioned factors together with increased threat of postmenopausal complications associated to older women is likely to push hysteroscopy systems market growth during the period until 2029.
North America and Europe to Exhibit Domination with Improved FDA Regulations
The geographical market presence within the hysteroscopy systems market accurately highlights almost half of the market share captured by North America and Europe. It has been noted that increased adoption of hysteroscopy systems within North America is accredited to the replacement of traditional methods with hysteroscopy and reassurance of office based hysteroscopy procedures. Furthermore, actions by the regulatory authorities will significantly reinforce the demand for hysteroscopy systems. For instance, the FDA in April 2018, ordered limitations on the sale and distribution of Essure, a particular device connected to female sterilization. Such a step was taken to ensure that all women are offered adequate risk information so as to make informed decisions. Looking at all such directives, it is anticipated that market growth will surely expand in these regions.
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Upgraded Optical Fiber Technology Proving Prolific for Hysteroscopy
According to this intelligent Fact.MR assessment, refinement in optical fiber technology merged with development of new surgical accessories have obviously dropped a serious impact on the quality of visual resolution and surgeries that implement hysteroscopy. The study reveals that increasing focus towards the development of advanced hysteroscopy systems like disposable or single-use hysteroscopy systems, is likely to augment market growth.
Some of the major players contributing towards the development of the global hysteroscopy systems market include names like Medtronic plc, KARL STORZ SE & Co KG, Stryker Corp, Olympus Corp, Richard Wolf GmbH, Hologic, Inc., World of Medicine Lemke GmbH etc. These manufacturers have been carefully examined and analyzed in terms of company overview, sales footprint, product portfolio and strategy overview.
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This news is published on Reuters.