Hysteroscopes Market growth is propelled by the rising awareness about the advantages of hysteroscope such as reduced hospital stay, faster recovery due to low blood loss
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A hysteroscope is an endoscope that has optical fibers and light channels attached to it, which permits direct viewing of the uterine cavity and the cervical canal for performing diagnostic and surgical procedures. This feature of the hysteroscope makes it a popular tool for diagnosis as well as treatment related to fertility issues.
Hysteroscopes are essential part of gynecological procedures which allow the diagnosis of intrauterine infections and serve as devices for surgical interventions. These devices revolutionized surgeries due to their accuracy, convenience, and low cost.
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The product differentiating innovations related to therapeutic use of hysteroscopes are projected to propel the growth of the global hysteroscopes market. Patients’ and physicians’ preference for hysteroscopy procedures instead of performing traditional surgeries is continuously increasing due to benefits such as exceptional image brightness, ease of use, and greater stability.
There are no incisions required with the use of hysteroscopes in surgical procedures and there is less post-operative discomfort. These factors have led to increasing market demand for hysteroscopes by gynecologists.
The rising awareness about the advantages of hysteroscope such as reduced hospital stay, faster recovery due to low blood loss, and reduced risk of serious pathologies such as surgical site infections or blood transfusion risks are anticipated to drive the growth of the market during the forecast period. However, side effects associated with hysteroscopy procedure and complications related to proper entry route during surgical interventions are projected to restrain the market growth during the forecast period.
The global hysteroscopes market has been categorized on the basis of product type, application, end-user, and region. In terms of product type, the market has been segmented into rigid hysteroscopes and flexible hysteroscopes.
In terms of application, the market has been segmented into diagnostic hysteroscopy and interventional hysteroscopy. The diagnostic hysteroscopy segment is further divided into abnormal uterine bleeding, intrauterine foreign body diagnosis, and others.
The others segment of diagnostic hysterectomy includes conditions such as evaluation of abnormal hysterosalpingogram, amenorrhea, and pelvic pain diagnosis. The interventional hysterectomy segment is further categorized into endometrial ablation, biopsy, and others.
The other interventional hysterectomy procedures include submucous myomectomy and removal of fibroids. In terms of end-user, the market is classified into hospitals, gynecology clinics, and ambulatory surgical centers.
Geographically, the market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to witness a continual growth owing to rising geriatric women population and improving health care infrastructure in outpatient settings.
North America, followed by Europe, is expected to dominate the global hysteroscopes market during the forecast period due to superior technological advancements in minimally invasive operative procedures, rising research and development investments by research i and major market players, and innovations in instrumentation related to hysteroscopes by leading market players. Availability of suitable reimbursement policies in certain developed countries is projected to fuel the growth of the market in the near future.
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Collaboration and co-development agreements of major market players for overseas distribution with an objective of strengthening their market positions are the growing trends of the market. There is increasing market demand for hysteroscopes due to rising preference for minimally invasive techniques.
In order to meet this demand, emerging players are introducing compact hysteroscope with high resolution HD optical lenses made of special sapphire glass for proper visualization. The introduction of hysteroscopes with semi-flexible shaft at low cost is projected as a major opportunity for manufacturers operating in the global hysteroscopes market.
Key players operating in the global hysteroscopes market include MEDTRONIC, B. Braun Melsungen AG, Stryker, Olympus Corporation, and MedGyn Products, Inc.
There are several manufacturers that have significant local market penetrations which include Richard Wolf Group, LocaMed Limited, KARL STORZ GmbH & Co. KG, WISAP Medical Technology GmbH, Maxer Medizintechnik GmbH, Optomic, and COMEG Medical Technologies (SOPRO-COMEG GmbH).
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