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Hysteroscopy is a procedure that is used to diagnose as well as treat the causes of abnormal uterine bleeding. The procedure is done with the help of hysteroscope. Hysteroscope is a thin, lighted tube that is inserted into the vagina to examine the cervix and inside of the uterus. Hysteroscopy procedures are also done before/and or after other gynocological procedures such as endometrial ablation or myectomy. The rise in geriatric population is expected to augmemt the market growth as the elderly female population are more susceptible to conditions involving the usage of hysteroscopes such as abnormal uterine bleeding, fertility examinations. Also increase in the number of coupels opting for assisted reproductive technology procedures is also expected to boost the market growth during the forecast period.
The hysteroscope market is expected to account for a significant growth rate during the forecast period due to factors such rising female geriatric population, growing incidence of post-partum hemorrhages, increase in the technological advancements, and growing awareness regarding women health. However, high cost of the hysteroscopy procedure is the major factor likely to restrict the growth of hysteroscope market.
Key Market Driver -
Rising female geriatric population, growing technological advancements
Key Market Restraint -
High cost of the procedure
Globally, the hysteroscope market can be segmented on the basis of the product type, application, end user, and region. Based on the product type, the market can be segmented into rigid hysteroscope and flexible hysteroscope. Based on application, the market can be segmented into myomectomy, polypectomy, endometrial ablation, and others. Based on end user, the market can be segmented into hospitals, ambulatory surgical centers, gynecology clinics, and others. Geographically, the hysteroscope market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Some of the major companies that are present in the hysteroscope market are Stryker, Boston Scientific Corporation, OLYMPUS CORPORATION, KARL STORZ GMBH & CO. KG, Hologic, Inc. Medtronic, B. Braun Melsungen AG, CooperSurgical, Inc., and other prominent players.
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Geographically, the hysteroscope market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to account for maximum share of the hysteroscope market. The supremacy of this region can be credited to the factors such as high awareness with respect to women health, rising geriatric population, and technological advancements in hysteroscope. For instance, according to the American Community Survey Report, in 2016, there were more number of older females (27.5 million) than males (21.8 million) in U.S. Europe is expected to hold second largest market share in global market. High demand for minimally invasive procedures, growing technological advancements in hysteroscope, and increasing number of couples opting for assisted reproductive technologies are primarily responsible the market expansion in Europe. On the other hand, the market in Asia Pacific is expected to grow with the highest CAGR owing to the growing awareness among the population regarding women health and improving healthcare sector. Latin America and the Middle East & Africa are projected to account for comparatively lower market shares and growth rates. However, growing geriatric population coupled with growing demand for minimally invasive surgeries in these regions are likely to aid the market growth in the upcoming years.
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