Uro-Gynecological Surgical Devices: A Global Strategic Business Report
San Jose, California (Vocus) October 1, 2010
Demand for uro-gynecological surgical devices is set to enhance in near future with increasing acceptance of minimally invasive surgical procedures, such as myomectomy, hysteroscopy, and endometrial ablation, as alternative treatments to hysterectomy. The scope for growth is also evinced by the fact that millions of women worldwide suffer from urological disorders, often not even adequately diagnosed. Globally more than 190 thousand cases of ovarian cancer are reported each year, with high incidence rates in Northern Europe and the US and lower propensity in Asia and Africa. Nearly 50 million women worldwide suffer from urinary incontinence, due to pelvic floor damage during pregnancy and childbirth. In the case of men, bladder cancer, benign prostatic hyperplasia (BPH) and kidney stones are few of the most common urological disorders, growing at an alarming rate over the last few years. Rapidly aging population in several countries is also likely to drive the market for uro-gynecological surgical devices over the next few years. Majority percentage of about 65% of women worldwide fall in the vulnerable age bracket of 15-65 years, when the maximum number of physiological and other changes occur in the body and require constant care and attention.
The growing emphasis today in the uro-gynecological market is on the development of surgical procedures that enable quick recovery with no/minimal post-operative complications. In the urological sector, manufacturers are innovating on the inclusion of minimally invasive procedures including retro pubic suspensions, sling procedures, and electrical simulation systems into their product portfolios. Endometrial Ablation is gaining prominence worldwide as an effective treatment procedure for reducing heavy bleeding disorders in women. Demand decline from traditionally stronger markets such as the US in recent years led to a decline in sales for urological endoscopes globally. However, the increasing demand for high technology endoscopes that offer superior durability and imaging attributes are expected to drive growth in the longer run.
The US represents the undeniable market leader worldwide, as stated by the new market research report on Uro-Gynecological Surgical Devices. Growth in the market is mainly driven by factors such as aging baby boomers, minimally invasive surgeries and advanced technology-based devices. Europe follows the lead as the second largest market, driven by high incidence of ovarian cancer and mortality rates. Asia-Pacific is forecast to exhibit the overall fastest compounded annual growth rate over the period 2007-2015, powered by highly populated countries such as China and India.
The Gynecological Surgical Devices constitutes the largest product segment, driven by rapidly growing markets including Endometrial Ablation Devices and Hysteroscope Systems. The other segment, Urological Surgical Devices is slated to expand over the years at a relatively higher growth rate compounded through 2015.
Major participants in the Uro-Gynecological Surgical Devices market include Gyrus ACMI, Inc, American Medical Systems Holdings Incorporated, Laserscope, Inc, Boston Scientific Corporation, C. R. Bard, Inc., Cook Urological Inc, CooperSurgical, Inc, Hologic, Inc, Ethicon Inc., Karl Storz GmbH & Co. KG, MDMI Technologies, Inc., Medtronic, Inc., Olympus America Inc., Olympus Surgical & Industrial America, Inc., Richard Wolf GmbH and Stryker Corporation.
The report titled “Uro-Gynecological Surgical Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry outlook, overview, market trends, product overview, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Market analytics are provided in terms of terms of dollar (value) for product segments including Urological Surgical Devices (Sling & Suspension Devices, Other Urological Devices) and Gynecological Surgical Devices (Endometrial Ablation Devices, Endoscopes, Hysteroscope Systems, Fluid Management Systems, Other Gynecological Devices). The study also presents historic data for an insight into market evolution over the period 2000 through 2006.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Uro_Gynecological_Surgical_Devices_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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