What are the necessary devices for gynecological examination?

The global gynecological devices market size is projected to reach USD billion 17.55 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.8% during the forecast period. Growing female population, increasing awareness levels pertaining to benefits of early diagnosis, and available treatments are anticipated to stoke the growth of the market.

Rising prevalence of sexually transmitted diseases is translating into greater demand for gynecological treatments. Prevalence of these diseases was observed to be higher in people aged between 15-24 years. For instance, according to the Centre for Disease Control and Prevention (CDC), around 45.0% of the patients in the U.S. with Chlamydia were aged between 20 and 24 years.

Moreover, rising adoption of gynecological procedures is estimated to boost usage rates over the forecast period. The percent of C-section deliveries was 32.2% as compared to number of vaginal deliveries. Upswing in the number of these procedures owing to growing population, increasing awareness, and rising disposable income is expected to drive the gynecological devices market. 

Early disease detection is imperative in devising treatment schedules. Pertinent government and regulatory agencies in congruency with aforementioned factors are now focusing majorly on improving patient awareness levels.

According to data published by the United Nations, the global female population accounted for more than 3.64 billion in 2015. Common reasons for visits to gynecologist include menstrual problems and pregnancy. Rising awareness and preventive check-ups to avoid late phase diagnosis of STDs are estimated to increase the number of these visits. This, in turn, will stir up the demand for gynecological devices.

Furthermore, soaring volume of surgical procedures such as ablation, laparoscopy, endoscopy, and female sterilization, coupled with growing usage of single-use products, is expected to bolster the demand for these products. Frequent introduction of technically advanced products is likely to spur the growth of the market over the forecast period.

However, stringent regulatory approval procedures to ensure safety of the products are restraining the growth of the market. Furthermore, rapidly developing alternative therapies such as personalized medicines and improved drug therapies are also poised to inhibit the growth of the market.

Based on product type, the market has been segmented into gynecological imaging devices, surgical devices, software, and handheld instruments. Surgical devices dominated the market with the largest share in 2018. High usage of endoscopy devices and female contraceptives is projected to support the dominance of the segment through 2025.

Need for highly durable and easily autoclavable surgical instruments has been increasing owing to growing number of surgical procedures across the globe. Advancements in technology and introduction of highly efficient devices that can provide quick and accurate diagnosis and minimize operating time are stimulating the growth of the global gynecological devices market.