Market Size of Global Hysteroscope Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 6.60 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Hysteroscope Market Analysis
The hysteroscope market is expected to register a CAGR of 6.6% over the forecast period.
The COVID-19 pandemic was a challenge for healthcare providers across the world as due to the high infectivity of SARS-CoV-2, the resources were diverted for the care of COVID-19 patients which affected the healthcare services other than COVID-19 which also affected the hysteroscope market. During the COVID-19 pandemic, patients are being limited to some procedures, and those who delay the procedure could result in adverse clinical outcomes. To minimize this adverse outcome many hospital settings followed pre-procedure, intra-procedure, and post-procedure guidelines. For instance, in April 2020, Meditrina announced that it has designed a single-use resecting hysteroscope to reduce the risks and delays associated with ineffective reprocessing during the COVID-19 pandemic. This helped as an alternative for uterine surgical procedures to continue during the pandemic. As we already moved closer toward the return of elective procedures, the hysteroscope market is expected to grow in coming future.
A hysteroscope is used to assess the uterus for diagnosing abnormalities like heavy bleeding, severe cramping, frequent miscarriages, or problems related to conceiving and endometrial cancers. Hysteroscopes are used mainly for two purposes-operative and diagnostics.
Increasing incidence of edometrial cancer, have been the primary driving factor for the growth of this market. According to International Agency for Research on Cancer, 2020 the incidence rate of endometrial cancer is increasing rapidly and is estimated to increase by more than 50% worldwide by 2040. Also, growing demand for minimally invasive diagnosis and treatment equipment and technological advancements in the development of new hysteroscope technologies have also helped the market to grow. For instance, in March 2020, Meditrina Inc has introduced Aveta System a new see and treat resecting hysteroscope with HD vision and the smallest insertion diameter. With increasing incidence of endometrial cancer and new advancements in the hysteroscopes the market is expected to grow during the study period.
However, lack of trained professionals and risk of infection due to equipment have been restraining the growth of this market.
Hysteroscope Industry Segmentation
As per the scope of the report, a hysteroscope is a device that carries optical and light channels or fibers helping to diagnose and treat abnormalities in or around the uterine cavity. The hysteroscope market is segmented by product (rigid hysteroscopes and flexible hysteroscopes), application (polypectomy, myomectomy, endometrial ablation, and others), end user (hospitals, ambulatory surgical services, and others) and geography (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Product | |
Rigid Hysteroscopes | |
Flexible Hysteroscopes |
By Application | |
Polypectomy | |
Myomectomy | |
Endometrial Ablation | |
Others |
By End User | |
Hospitals | |
Ambulatory Surgical Services | |
Others |
Geography | ||||||||
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Global Hysteroscope Market Size Summary
The hysteroscope market is poised for significant growth, driven by the increasing incidence of endometrial cancer and the rising demand for minimally invasive diagnostic and treatment equipment. Hysteroscopes, used primarily for diagnostic and operative purposes, play a crucial role in assessing uterine abnormalities such as heavy bleeding, severe cramping, and issues related to conception. The market's expansion is further supported by technological advancements, such as the introduction of new systems with enhanced vision and smaller insertion diameters. Despite challenges like the COVID-19 pandemic, which temporarily diverted healthcare resources, the market has shown resilience, with innovations like single-use resecting hysteroscopes helping to mitigate delays in necessary procedures. However, the market faces constraints due to a shortage of trained professionals and potential infection risks associated with equipment use.
North America is expected to hold a substantial share of the hysteroscope market, attributed to its well-structured healthcare system and high expenditure on research and development for effective, minimally invasive equipment. The region's high incidence of endometrial cancer further fuels the demand for hysteroscopes. The market is characterized by the presence of key global players, such as Hologic Inc., CooperSurgical Inc., and Medtronic, who continue to drive innovation and expand their product offerings. Recent product launches, like the single-use semi-rigid hysteroscope by UroViu Corp, highlight the ongoing advancements in the field. These factors collectively contribute to the anticipated growth of the hysteroscope market over the forecast period.
Global Hysteroscope Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Incidence of Uterine Diseases and Abnormalities
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1.2.2 Growing Demand of Minimally Invasive Treatment
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1.2.3 Technological Advancements Leading to Enhanced Applications
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1.3 Market Restraints
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1.3.1 Risk of Infection from Hysteroscopes
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1.3.2 Lack of Trained Professionals
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Product
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2.1.1 Rigid Hysteroscopes
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2.1.2 Flexible Hysteroscopes
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2.2 By Application
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2.2.1 Polypectomy
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2.2.2 Myomectomy
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2.2.3 Endometrial Ablation
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2.2.4 Others
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Ambulatory Surgical Services
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2.3.3 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Hysteroscope Market Size FAQs
What is the current Global Hysteroscope Market size?
The Global Hysteroscope Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029)
Who are the key players in Global Hysteroscope Market?
Hologic Inc., CooperSurgical Inc., Medtronic, Olympus Corporation and Stryker are the major companies operating in the Global Hysteroscope Market.