The global hysteroscopy procedures market, valued at USD 4 billion in 2022, is set for significant growth, according to a recently published report by Future Market Insights. Projected to expand at a robust CAGR of 8.4% between 2022 and 2032, the market is poised to achieve a valuation of USD 9 billion by the end of the forecast period.
The report highlights the critical role of hospitals in driving this growth, with hospital revenues in the hysteroscopy segment having increased at a CAGR of approximately 8.2% from 2017 to 2021. Hospitals have become the preferred choice for gynecological procedures due to their ability to manage potential complications and provide a comprehensive range of treatments. This reliability and versatility position hospitals as vital contributors to the expanding market.
The anticipated growth reflects rising demand for advanced gynecological procedures and the increasing prevalence of women seeking specialized care for reproductive health. With advancements in hysteroscopy technology and enhanced patient outcomes, the market is expected to thrive in the coming years.
Key Takeaways: Global Hysteroscopy Procedures Market
- Market Growth
- The global hysteroscopy procedures market was valued at USD 4 billion in 2022 and is anticipated to grow at a robust CAGR of 8.4% from 2022 to 2032.
- By 2032, the market is expected to reach a valuation of USD 9 billion.
- United States Dominance
- The U.S. is poised to account for the largest market share, reaching USD 3.1 billion by 2032.
- The country will contribute to an absolute dollar growth of USD 1.8 billion during the forecast period.
- Key drivers include increasing prevalence of gynecological illnesses, advanced healthcare infrastructure, and favorable government policies (Medicare and Medicaid programs).
- United Kingdom Insights
- The hysteroscopy procedures market in the U.K. is projected to grow at a CAGR of 7.6%, reaching USD 349 million by 2032.
- It is set to achieve an absolute dollar opportunity of USD 181 million from 2022 to 2032.
- Japan as a High-Growth Market
- Japan’s market is expected to grow at a CAGR of 9.1%, with a valuation of USD 336 million by 2032.
- The country will see an absolute dollar opportunity of USD 195 million during the forecast period.
- South Korea Market Expansion
- The South Korean hysteroscopy procedures market is forecasted to reach USD 185.2 million by 2032, growing at a CAGR of 8.3%.
- It will contribute to an absolute dollar opportunity of USD 102 million from 2022 to 2032.
Rising Interest in Market Trends: Our Detailed Report Provides Essential Insights!
Competitive Landscape:
The companies in Hysteroscopy Procedures market are focused on their alliances, and collaborations. The key companies in hysteroscopy procedures market include Medtronic, Stryker Corporation, Hologic Inc., KARL STORZ SE & Co. KG, Medical Devices Business Services Inc., Olympus Corporation, Delmont Imaging, CooperCompanies, Richard Wolf GmbH, B. Braun Melsungen AG, Maxer Endoscopy GmbH, Boston Scientific Corp., MedGyn Products, Inc., Meditrina, Inc., Lina Medical APS, and Luminelle.
Some of the recent developments of key Hysteroscopy Procedures market providers are as follows:
- In May 2020, Olympus Corporation signed an agreement with UVision 360 to market its LUMINELLE DTx hysteroscopy equipment in the United States with an objective to strengthen and continue growth in United States hysteroscopy procedure market.
- In November 2019, the AvetaTM Hysteroscopy System has been introduced by Meditrina, Inc. during American Association of Gynecologic Laparoscopists convention. The launch of new product will help Meditirna, Inc to strengthen its position in the market and expand its hysteroscopy procedure product portfolio.
- In January 2019, Hologic Inc. launched the Omni hysteroscope in the United States, a three-in-one modular scope with superior imaging capabilities suited for both diagnostic and therapeutic hysteroscopic end uses.
Hysteroscopy Procedures Market Segmentation:
By End Use:
- Hospitals
- Clinics
- Ambulatory Surgery Centers (ASCs)
By Region:
- North America
- Latin America
- Europe
- APAC
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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