Paris, Nov. 11, 2022 (GLOBE NEWSWIRE) -- As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global hysteroscopes market is currently valued at US$ 265.5 million and is expected to increase at a CAGR of 5% from 2022 to 2032.
An instrument used to examine the uterus is the process of hysteroscopy. It is used to diagnose and treat acute cramps, heavy or abnormal bleeding, irregular pregnancies, a misplaced intrauterine implant, or issues with conception. It is also employed in surgical and diagnostic procedures. Hysteroscopes are used during diagnostic hysteroscopy to look for any uterine abnormalities, whereas those used during surgical hysteroscopy remove deformities such as polyps and fibroids.
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An increase in female ailments such as transcervical sterilisation, irregular uterine bleeding, and fertility issues is expected to boost hysteroscope sales. Hysteroscopy is increasingly being employed in reproductive aid and is used to assess uterine disorders. Therefore, it is anticipated that an increase in the number of couples choosing Assisted Reproductive Technology (ART) operations will fuel hysteroscope sales.
The benefits of hysteroscopy include quick recovery, fewer hospital stays, and little blood loss. The procedure is recommended because patients can return to their regular activities in a smaller number of days than with typical invasive procedures and thus, there is little post-operative discomfort.
On the flip side, the lack of awareness regarding hysteroscope procedures in developing countries and the high cost of advanced hysteroscopes are expected to limit product sales growth to some extent.
Key Takeaways from Market Study
- The global market for hysteroscopes is projected to reach US$ 432.5 million by 2032.
- China’s market for hysteroscopes is predicted to expand at a high CAGR of 8% during the forecast period.
- Sales of rigid hysteroscopes are likely to increase at a CAGR of 6% during the next 10 years.
- Sales of flexible hysteroscopes are expected to progress at a CAGR of 4% during the forecast period.
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Prominent Key Players
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Ethicon US LLC
- Hologic, Inc.
- Karl Storz GmbH & Co. KG
- Medtronic PLC
- Olympus Corporation
- Richard Wolf GmbH
- Stryker Corporation
- The Cooper Companies, Inc.
Winning Strategy
For improved visualisation, top manufacturers are developing HD optical lenses with higher resolution and made of specialised sapphire glass. To draw in more clients, they are also developing hysteroscopes with a semi-flexible shaft. Other well-liked tactics they use to increase their market shares include competitive pricing and smart collaborations.
- In Europe, Africa, and the Middle East, Hologic, Inc. launched its upgraded Omni suite in September 2021. It is a comprehensive gynaecological surgical product created to enhance diagnostic and operative hysteroscopy.
Key Segments of Hysteroscopes Industry Research
- By Product Type:
- Rigid
- Flexible
- By Application:
- Myomectomy
- Diagnostic
- Operative
- Polypectomy
- Endometrial Ablation
- By End User:
- Hospitals
- Ambulatory Surgical Centers
- Gynecology Clinics
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global hysteroscopes market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of product type (rigid, flexible), application (myomectomy, diagnostic, operative, polypectomy, endometrial ablation), and end User (hospitals, ambulatory surgical centers, gynecology clinics, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That’s why focus on offering insights that can actually make a difference to bottom-lines.
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