Analysts at Zion Market Research covered detailed competitive outlook of the company profiles and market share of the major players working in the global gynecological devices market. This includes Richard Wolf GmbH., Medtronic plc, Stryker Corporation, Cooper Surgical, Inc., Boston Scientific Corporation, Hologic, Inc., Ethicon, Inc., and Karl Storz GmbH& Co. KG.
As per the report, the global gynecological devices market added up for almost USD 14.50 Billion in 2015 and is likely to reach almost USD 19.50 by the end of 2021, developing at a CAGR of almost 5.0% from 2015 to 2021.
Factors Such As Smoking, Having Multiple Sex Partners, Unsafe Sex, Obesity, And Inherited HPV-Positive Patient To Boost The Global Gynecological Devices Market
Analysts at Zion Market Research claim that the global gynecological devices market was likely to witness the uppermost development across the forecast period owing to elevation in the occurrence of gynecological diseases all over the world. In addition to this, increase in the adoption of minimally invasive processes is also believed as a major catalyst that promotes the requiring for gynecological devices market. In addition to this, many lifestyle-associated factors, such as smoking, having multiple sex partners, unsafe sex, obesity, and inherited HPV-positive patient, are likely to boost the gynecological devices market. Moreover, the rise in healthcare cost is also believed as a primary boosting factor for the development of gynecological devices market. On the other hand, delay in the acceptance by regulatory organizations will hamper the development of the gynecological devices market.
However, various mergers and acquisitions by the market players is believed to boost the global gynecological devices market. For instance, in April 2017, Cooper Surgical declared the acquirement of LifeGlobal Group, so as to extend its portfolio of fertility solutions, thereby boosting the gynecological devices market. Also, in April 2018, InterSystems and Olympus Corporation jointly announced the launch of its new endoscopy integration services.
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Broad Accessibility Of Computer-Guided Technologically Enhanced Screening Tests To Power The Growth Of Gynecological Devices Market In North America
In terms of topography, North America was the leading dominating area for gynecological devices market in terms of revenue in 2015 owing to the broad accessibility of computer-guided technologically enhanced screening tests. Moreover, rising number of aged population in Europe and North America acts as a primary boosting factor for the development of gynecological devices market. In addition to this, lifestyle-associated factors such as having multiple sex partners and smoking are very common in European nations and North America. In addition to this, gynecological devices market have the huge chance in up-and-coming areas such as Latin America, and Asia Pacific owing to government initiatives, rising disposable income, and enhancing healthcare infrastructure.