Gynecological Devices Market Worth $20.6 Billion By 2022

Grand View Research, Inc

SAN FRANCISCO, March 29, 2016 /PRNewswire/ --

The global gynecological devices market is expected to reach over USD 20.6 billion by 2022, according to a new report by Grand View Research, Inc. Prime drivers of the market include growing female population, increasing awareness levels pertaining to the benefits of early diagnosis, and available treatments.

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Rising prevalence of sexually transmitted diseases has increased the 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 39% of the patients with Chlamydia in the U.S. were aged between 20 and 24 years. Similarly, 33% of the patients with Gonorrhea in the U.S. were aged between 20 and24 years.

Moreover, rising adoption of gynecological procedures is likely to boost usage rates over the forecast period. For instance, according to the Center for Disease Control and Prevention (CDC), the total number of obstetrical procedure performed in 2014 was more than 7.3 million in the U.S. According to The National Center for Health Statistics, in 2014, in the U.S. 3,988,076 child births were registered.

The percent of C-section deliveries was 32.2% as compared to the number of vaginal deliveries. The rising numbers of these procedures owing to the growing population, growing awareness and increasing 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 the aforementioned fact, are now focusing majorly on improving patient awareness levels. Efforts will most likely pay off, leading to a rapid rise in procedure volume.

Browse full research report with TOC on "Gynecological Devices Market Analysis by Product Type (Surgical Devices Endoscopy Devices, Endometrial Ablation Devices, Fluid Management Systems, Female Sterilization/Contraceptive Devices; Hand Instruments: Vaginal Speculum, Tenaculum, Curettes, Trocars, Biopsy Forceps; Diagnostic Imaging Systems) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/gynecological-devic ...