Global Myomectomy Market Size By Type, By Product, By End-User, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Myomectomy Market size was valued at USD 3.6 Billion in 2024 and is projected to reach USD 5.8 Billion by 2031, growing at a CAGR of 14.8 %during the forecast period 2024-2031.
Global Myomectomy Market Drivers
The market drivers for the Myomectomy Market can be influenced by various factors. These may include
Rising Prevalence of Uterine Fibroids A frequent ailment among women, the growing frequency of these fibroids is propelling the need for myomectomy surgeries.
Technological Developments The market is growing because of the safer and more accessible surgical treatments, such robotic-assisted and laparoscopic myomectomy, which have been developed.
Increasing Knowledge and Health Concern The need for myomectomy operations is rising as people become more aware of its advantages in preserving fertility and lessening discomfort related to uterine fibroids.
Increasing Healthcare Expense The myomectomy market is expanding in emerging nations as a result of rising healthcare expenditure and bettering healthcare infrastructure.
Favorable Reimbursement Policies In some areas, favorable reimbursement policies for myomectomy operations are incentivizing patients to have these operations, which is propelling market growth.
Growing Female Geriatric Population The need for myomectomy operations is predicted to be driven by the growing female geriatric population, who are more susceptible to uterine fibroids.
Global Myomectomy Market Restraints
Several factors can act as restraints or challenges for the Myomectomy Market. These may include
High Cost The market growth can be hampered by the high cost of myomectomy operations, particularly for patients without sufficient insurance coverage.
Restricted Awareness Patients’ ignorance of myomectomy as a uterine fibroids treatment alternative may impede market expansion.
Alternative Therapies The availability of substitute therapies such hysterectomy, embolization, or medicine could restrict the use of myomectomy.
Technical Restraints The rate of adoption and the expansion of the market may be impacted by technological restrictions in surgical methods or equipment.
Regulatory Barriers Tight regulations for the marketing and approval of myomectomy devices or procedures may impede the expansion of the market.
Limited Healthcare Infrastructure In areas with little access to medical facilities or qualified surgeons, the use of myomectomy may be limited.
Risk Factors Patients may be discouraged from undergoing a myomectomy by the possible hazards, which include bleeding, infection, or injury to nearby organs.
Global Myomectomy Market Segmentation Analysis
The Global Myomectomy Market is segmented based on Type, Product, End-User, and Geography.
Myomectomy Market, By Type
Abdominal Surgery
Laparoscopic Surgery
Hysteroscopic Surgery
Robotic Surgery
Based on Type, the market is segmented into Abdominal Surgery, Laparoscopic Surgery, Hysteroscopic Surgery, and Robotic Surgery. The Abdominal Surgery segment is anticipated to account for the highest market share. This can be attributed to increasing incidences of fibroids among women. Moreover, many physicians prefer abdominal surgeries over the other methods as it is more precise and ensures that the fibroids are removed properly.
Myomectomy Market, By Product
Laparoscopic Power Morcellators
Harmonic Scalpel
Laparoscopic Sealers
Others
Based on Product, the market is segmented into Laparoscopic Power Morcellators, Harmonic Scalpel, Laparoscopic Sealers, and Others. The Others segment is anticipated to account for a higher market share. This can be attributed to the benefits associated with these instruments. These instruments help in carrying less invasive surgeries that do not involve any cuts or incisions. Thus, they prevent heavy bleeding and ensure that the reproductive organs aren’t harmed.
Myomectomy Market, By End-User
Hospitals/Clinics
Ambulatory Surgical Centers
Others
Based on End-User, the market is segmented into Hospitals/Clinics, Ambulatory Surgical Centers, and Others. The Hospitals/Clinics segment is anticipated to retain its dominant share. This can be attributed to the increasing number of skilled physicians. Moreover, hospitals tend to have better facilities as compared to other surgical centers.
Myomectomy Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Based on Geography, the Global Myomectomy Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America is anticipated to account for the highest market share. This can be attributed to the increasing disposable income and the increase in awareness about overall health and the increase in demand to better healthcare. In addition, the development of the healthcare industry because of increased investments from the government is also a contributing factor. The Asia Pacific is anticipated to witness significant growth. This can be attributed to the economic development of countries in the region.
Key Players
Medtronic PLC
Stryker Corporation
ConMed Corporation
INSIGHTEC Ltd
Cooper Surgical Inc.
Hologic Inc.
Intuitive Surgical Inc.
KARL STORZ SE & Co. KG
Braun, and Richard Wolf Medical Instruments
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Medtronic PLC, Stryker Corporation, ConMed Corporation, INSIGHTEC Ltd, Cooper Surgical Inc., Hologic Inc., Intuitive Surgical Inc.
SEGMENTS COVERED
By Type, By Product, By End-User, and By Geography.
CUSTOMIZATION SCOPE
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Research Methodology of Market Research
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