ALBANY, NY - Sep 1, 2015 - A recent market study by Transparency Market Research (TMR), a market intelligence company based in the U.S., states that the global gynecological devices market will expand at a 6.4% CAGR from 2012 to 2018. TMR states that the global gynecological devices market was valued at US$3.4 billion in 2011 and will reach a valuation of US$5.3 billion by 2018. The report , titled “Gynecological Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”, is available for sale on the company website.According to the research report, rising health awareness, increasing incidence of gynecological conditions and abnormalities, and inception of advanced gynecological procedures are essentially driving the global gynecological devices market.

Gynecological diseases refer to diseases that affect the ovaries, the uterus, and its appendages. Changing lifestyle of the female population worldwide and enhanced awareness of health and wellbeing has increased gynecological needs of women all over the world. This in turn has led to increased treatments and procedures for such needs.To keep up with these demand patterns, manufacturers of medical devices worldwide have fabricated newer gynecological devices for better efficacy and quick recovery for patients. Such factors are driving the global gynecological devices market.

The TMR report segments the global gynecological devices market on the basis of product type and geography. The study on the gynecological devices market covers gynecological surgical devices, diagnostic imaging systems, hand instruments, and gynecological chairs. The products used in the overall gynecological devices market are classified on two fronts: operative settings and gynecological examinations. Gynecological surgical devices include fluid management systems, female sterilization and contraceptive devices, endoscopy devices, and endometrial ablation devices. Further, as per TMR analysts, use of endoscopes for gynecological procedures and inception of endometrial ablation devices for the treatment of menorrhagia are the latest developments in the global gynecological devices market.Geographically, the TMR research report divides the global gynecological devices market into North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2011, North America held the largest share of the global gynecological devices market. Favorable reimbursement policies regarding these devices and the fact that the devices were first introduced in this region mainly accounts for its dominant market share.

However, as per analysts’ estimates, due to longer approval time for medical devices by the U.S. FDA, gynecological device manufacturers are shifting focus to tap the opportunity in European and Asia Pacific markets. This will lead to a decline in the market share of North America by 2018.Furthermore, presence of a large patient pool, rising preference for minimally invasive procedures, and government programs and funding for better healthcare facilities makes Asia Pacific a promising market for gynecological devices in the coming years.The research report profiles the key players in the global gynecological devices market, which are: Welch Allyn, Hologic Inc., Ehicon Inc., Stryker Corporation, and Conceptus Inc.

Browse the full Gynecological Devices Market (Surgical Devices, Endometrial Ablation Devices, Female Sterilization and Contraception Devices, Vaginal Speculum, Tenaculum, Biopsy Forceps, Diagnostic Imaging Systems and Gynecological Chairs) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/gynecological-devices-market.html