About this market
Growing adoption of endometrial ablation devices to drive market growth. Increasing gynecological disorders such as uterine myomas and endometriosis have led patients to opt for various diagnostic and surgical treatment procedures. Rapid technological advances in the medical devices sector have led to the development and adoption of endometrial ablation devices as treatment care. analysts have predicted that the endometrial ablation devices market will register a CAGR of nearly 6% by 2023.
Market Overview
Market expansion in emerging economies
The demand for endometrial ablation devices is increasing in emerging countries such as China, India, and Brazil due to factors such as increasing prevalence of gynecological disorders, rising per capita income, increasing awareness about healthcare devices among people, and growing investments in the private healthcare sector. Moreover, government initiatives for the development of the healthcare sector and increasing research for the development of advanced minimally invasive ablation surgical procedures also drive the market growth in these countries.
Stringent regulatory requirements
Endometrial ablation devices are used to remove a thin layer of tissue (endometrium) that lines the uterus to reduce or stop heavy bleeding. However, design faults, malfunctions, and technical errors. which are some of the issues associated with endometrial ablation devices, can lead to misdiagnosis and improper patient management and treatment. Hence, stringent government regulations are imposed on the manufacture of endometrial ablation devices.
For the detailed list of factors that will drive and challenge the growth of the endometrial ablation devices market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Medtronic and The Cooper Companies the competitive environment is quite intense. Factors such as the growing adoption of endometrial ablation devices and the market expansion in emerging economies, will provide considerable growth opportunities to endometrial ablation devices manufactures. Boston Scientific, Hologic, Johnson & Johnson, KARL STORZ, Medtronic, and The Cooper Companies are some of the major companies covered in this report.