June 23, 2021

Hysteroscope Market Growth (Status and Outlook) 2021-2027

The Global Hysteroscope Market size is anticipated to showcase robust growth owing to the increasing geriatric population worldwide, observes Fortune Business Insights™ in an upcoming report, titled, “Hysteroscope Market Size, Share & Industry Analysis, By Product Type (Rigid Hysteroscope, Flexible Hysteroscope), By Application (Myomectomy, Polypectomy, Endometrial Ablation, Others), By End User (Hospitals, Ambulatory Surgical Centers, Gynecology Clinics, Others) and Regional Forecast 2020-2027.” Hysteroscopy procedures are done before and/or after the gynecological procedures such as endometrial ablation or myectomy.

The COVID-19 pandemic is specifically affecting the healthcare sector owing to the rapid scarcity of resources in hospitals due to the amplifying number of coronavirus positive cases. Restrictive regulations regarding social distancing are expected to significantly reduce the number of appointments, forcing the healthcare industry to a standstill.

At Fortune Business Insights, we are analyzing such scenarios to find the right solutions and focus on delivering actionable insights through our comprehensive market reports.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/hysteroscope-market-103499

Highlights of the Report:

While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.

Drivers & Restraints-

Increasing Female Geriatric Population Worldwide to Drive Growth

According to the census report funded by the National Institutes of Health, nearly 617 million people have registered their age as 65 years or above. In addition, out of these people, the ratio of elderly females is high compared to elderly males. These factors are estimated to drive the growth of the global hysteroscope market. Moreover, increasing technological advancements in the field of medicine is set to further enhance growth. However, the high cost of this procedure is projected to relinquish growth.

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Regional Insights-

Rising Awareness for Women’s Health in U.S. to Help North America Gain Prominence

North America is projected to lead the global hysteroscope market owing to factors such as the rising awareness regarding women’s health and increasing female geriatric population in the region. For instance, according to the American Community Survey report, in 2016, the total number of older females was higher at 27.5 million than that of males at 21.8 million in the U.S.

The market in Europe is estimated to grow impressively in the forecast timeframe. The high demand for minimally invasive procedures and increasing number of patients opting for assisted reproductive technology are the major factors anticipated to drive growth in the region.

Competitive Landscape-

Collaboration with Major Enterprises to Aid Key Players Establish Business Globally

The global hysteroscope market comprises various enterprises focusing on the development of the industry. Key players operating are collaborating with major companies to establish their businesses on a global scale. For instance, in May 2020, OLYMPUS CORPORATION signed an exclusive agreement with UVision360 to market its LUMINELLE DTx hysteroscopy system in the U.S.

Industry Developments-

  • In November 2019, Medtrina, Inc. announced to launch the Aveta Hysteroscopy System at the 2019 American Association of Gynecologic Laparoscopists meeting.
  • In January 2019, Hologic, Inc. launched Omni Hysteroscope, a three-in-one modular scope with advanced virtualization capabilities designed for diagnostic and therapeutic hysteroscopy procedures in the U.S.

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A List of Key Manufacturers Operating In the Global Hysteroscope Market Report:

  • Stryker
  • Boston Scientific Corporation
  • KARL STORZ GmbH & Co. KG
  • Hologic, Inc.
  • Medtronic
  • Braun Melsungen AG
  • CooperSurgical, Inc.
  • Others

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About the Author

Name: ShubhamKhampariya

ShubhamKhampariya is a part of a talented team of content writers working in Fortune Business Insights™, one of the most promising market research firms in the industry. He has experience in creating quality content and is highly motivated. He enjoys putting ideas and thoughts into words to enable the reader to experience a seamless perusal.