Hysterectomy Device Market Expected to Reach $566.5 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Hysterectomy Device Market," The hysterectomy device market size was valued at $328.09 million in 2021, and is estimated to reach $566.5 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

The hysterectomy device market trends which drives growth of the market such as rising demand for minimally invasive surgical techniques, the increasing prevalence of gynecological disorders, and technological advancements such as introduction of minimally invasive and robot assisted procedures for hysterectomy. In addition, the rise in healthcare facilities is expected to drive growth in the hysterectomy device market, as more people gain access to quality healthcare and medical procedures. The development of the healthcare infrastructure is expected to result in a rise in demand for medical equipment and supplies, including the hysterectomy devices which propels the growth of the hysterectomy device industry.   

Moreover, the demand for hysterectomy devices is anticipated to rise as uterine cancer cases continue to rise around the globe which fuels the growth of hysterectomy device market size. As hysterectomy is a common treatment option for uterine cancer, and as the number of cases of uterine cancer increases, the number of the hysterectomy procedures is also likely to increase. Furthermore, increased health awareness among women also helps the market expand as they get more involved in choosing their own healthcare options, they are more likely to learn about the various treatment options available, including hysterectomy surgeries. This could result in a rise in demand for the minimally invasive surgical procedures like laparoscopic and robotic-assisted surgery, which have advantages including quicker healing and less scarring.  

However, availability of alternative treatments such as medication, hormone therapy, uterine artery embolization, and focused ultrasound for the hysterectomy expected to restrain the market growth. On the other hand, increasing demand for minimally invasive procedures is anticipated as lucrative growth opportunity during the hysterectomy device market forecast period. Healthcare providers and payers improve the efficiency and cost-effectiveness of gynecological surgeries due to the introduction of minimally invasive procedures. These procedures can be less expensive than traditional open surgery, as they typically require shorter hospital stays and fewer resources.  

Depending on disease type, the hysterectomy device market is bifurcated into uterine cancer, fibroids, chronic pelvic pain, and others. On the basis of hysterectomy device market analysis, the chronic pelvic pain is the largest revenue-generating segment on the basis of disease type of the hysterectomy device industry, this is attributed to high prevalence of the chronic pelvic pain. Moreover, the fibroids segment projected to register highest growth during the forecast period owing to rising prevalence of the fibroids and higher number of people undergoing hysterectomy for the fibroids treatment 

On the basis of surgical approach, the market is classified into vaginal hysterectomy, laparoscopic hysterectomy, robotic assisted laparoscopic hysterectomy and abdominal hysterectomy. the abdominal hysterectomy is the largest revenue-generating market, as it is feasible for the patients typically having large size of uterus and most common procedure preferred adopted by surgeons for hysterectomy. Moreover, the robotic assisted laparoscopic hysterectomy segment is projected to register highest growth during the forecast period, owing to its advantages such as precision, which allow for more targeted tissue dissection and reduced blood loss during surgery. 

On the basis of end user, the hysterectomy device market is categorized into hospitals, ambulatory surgical center and others. The hospitals segment occupied highest hysterectomy device market share in 2021 and anticipated to register highest growth during the forecast period  as it offers diagnosis for detection of diseases, preoperative care, and postoperative care, making it a one-stop-shop for patients undergoing hysterectomy procedures.  

Region wise, North America had the highest hysterectomy device market share in 2021, and is expected to maintain its lead during the forecast period, owing to increase in prevalence of uterine cancers and rise in healthcare infrastructure. In addition, an increase in awareness regarding women’s health further drives the hysterectomy device market growth in this region. However, on the basis of the hysterectomy device market analysis Asia-Pacific is expected to witness highest growth during the forecast period, owing to factors such as rise in investments for manufacturing of high-devices, increasing awareness programme for uterine cancer, rise in disposable income. In addition, increase in healthcare infrastructure in this region further propel the market growth in the region. 

Key Findingd Of The Study  

• Based on disease type, the chronic pelvic pain segment held largest share in the global market in 2021. 

• On the basis of surgical approach, the abdominal hysterctomy segment held largest market share in 2021. 

• On the basis of end user, hospitals segment dominated the market in 2021 and is anticipated to grow at the highest CAGR during the forecast period. 

• On the basis of region, North America held largest share in the global market in 2021. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.