ALBANY, New York, February 13, 2017 /PRNewswire/ --
With the presence of large players, such as Hologic Corp., BostonScientific Corp., Cooper Surgical Inc., Ethicon Inc., and Medtronic Plc at the global level, the worldwide market for Endometrial Ablation demonstrates a highly competitive landscape, finds a new research report by Transparency Market Research
The market players are focusing aggressively on developing their offerings technologically, which is likely to lead to price differentiation, resulting in intense rivalry between these participants in the near future. TMR recommends market players to shift their focus towards mergers and acquisitions over the years to come in order to increase their visibility.
As per TMR's estimations, the global market for endometrial ablation presented an opportunity worth US$0.8 bn in 2015. Progressing at a CAGR of 5.50% during the period from 2016 to 2024, the market is anticipated to reach US$1.3 bn by the end of the forecast period. The demand for radiofrequency endometrial ablation devices is higher than other devices and are expected to remain so over the next few years.
Download PDF Brochure of Research Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14318
North America to Continue to Lead Global Endometrial Ablation Market
A geographical analysis of the global endometrial ablation market has also been provided in this research study, according to which, the global market for endometrial ablation has a presence across Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. The market for endometrial ablation in North America, followed closely by Europe, has acquired the leading position, thanks to a well-established healthcare infrastructure and easy access to healthcare facilities. The regional market is projected to remain dominant throughout the forecast period and will account for a share of nearly 44% by 2024.
Asia Pacific, on the other hand, is anticipated to present highly profitable growth opportunities to market players in the near future due to the significant increase in the prevalence of gynecological disorders in this region. The rising awareness and high unmet medical needs are anticipated to drive the demand for endometrial ablation procedures in Asia Pacific substantially over the years to come. Japan, India, and China are expected to lead the Asia Pacific endometrial ablation market over the next few years, notes the research study.
Rising Prevalence of Gynecology Disorders to Boost Market Growth
"The increasing prevalence of gynecology disorders, such as abnormal vaginal bleeding and polycystic ovarian disease (PCOD), has been fueling the demand for endometrial ablation procedures remarkably across the world, resulting in a significant growth of the global market for endometrial ablation," states an analyst at TMR. The rising incidence of cervical and endometrial cancer among women, worldwide is another important factor behind the tremendous development of this market.
In addition to this, the increasing awareness level of consumers concerning the advantages of endometrial ablation procedures, such as minimal invasiveness, cost benefits, and shorter hospital stay, is expected to boost this market considerably in the near future. However, the presence of strict regulatory laws and policies for clinical trials, product designing, and commercialization of endometrial ablation devices may hamper the growth of this market to some extent over the years to come, reports the study.
Inquire for Report Customization:
The study presented here is based on a report by Transparency Market Research (TMR) titled "Endometrial Ablation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024."
The global endometrial ablation market is segmented into:
By Device Type
By End User
Browse Related Research Report:
Ablation Technologies Market (Applications: Cardiovascular, Gynecology, Pain Management, Oncology, Urology, Ophthalmology; Technologies: Radiofrequency, Light/Laser, Electrical, Ultrasound, Microwave, Cryotherapy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Radiofrequency Identification (RFID) Market in Healthcare (Tags, Readers, Middleware, Printers and Cabinets) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Endoscopy Devices Market (Device Type - Endoscopes (Rigid Endoscope, Flexible Endoscope, Capsule Endoscope, and Robot Assisted Endoscope), Operative Devices (Energy Systems, Access Devices, Suction/Irrigation Systems, Operative Hand Instruments, Insufflation Devices, Wound Protectors, and Snares), and Visualization Systems (Standard Definition (SD) Visualization Systems, High Definition (HD) Visualization Systems, and Ultrasound Devices); Application - Gastrointestinal Surgeries, Urology/Gynecology Surgeries, ENT Surgeries, Cardiovascular Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries, and Arthroscopy Surgeries) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact Us: Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected]
SOURCE Transparency Market Research
Subscribe to our Free Newsletters!
Proper understanding of waste collection, segregation and management is required to reduce the ...
Leukoplakia refers to a painless, raised white patch in the mouth that does not go away on rubbing, ...
Health insurance has emerged one of the fastest growing segments in the non-life insurance industry ...View All