The uterine fibroid embolization device global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Uterine Fibroid Embolization Device Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The uterine fibroid embolization device market size has grown strongly in recent years. It will grow from $5.3 billion in 2023 to $5.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to increasing incidence of uterine fibroids, preference for non-surgical alternatives, awareness and education initiatives, focus on women’s health, shift towards outpatient procedures, physician training programs.
The uterine fibroid embolization device market size is expected to see steady growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing awareness of non-invasive treatments, global expansion of healthcare services, rise in female healthcare initiatives, integration with multidisciplinary care, expansion of outpatient services. Major trends in the forecast period include increasing adoption of minimally invasive procedures, advancements in embolic agents, personalized treatment approaches, focus on outpatient ufe procedures, integration of imaging technologies, research on bioresorbable embolic agents.
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Scope Of Uterine Fibroid Embolization Device Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Uterine Fibroid Embolization Device Market Overview
Market Drivers –
The growing demand for minimally invasive surgeries is expected to propel the growth of the uterine fibroid embolization device market going forward. Minimally invasive surgeries refer to surgical approaches that use small incisions or natural body openings to access and treat internal structures, organs, or tissues to minimize trauma to the patient’s body. Uterine fibroid embolization devices are essential tools that enable minimally invasive surgeries to treat uterine fibroids effectively. These specialized devices are meticulously designed to minimize invasiveness by using small incisions, reducing the impact on surrounding tissues. They cater to the increasing demand for less invasive medical procedures, ultimately improving patient outcomes. For instance, in January 2023, according to Intuitive Surgical Inc., a US-based technology corporation specializing in minimally invasive care products, in 2022, approximately 1,875,000 surgical procedures were performed with vinci surgical systems, an increase of approximately 18% compared with approximately 1,594,000 surgical procedures performed in 2021. Therefore, the growing demand for minimally invasive surgeries drives the growth of the uterine fibroid embolization device market.
Market Trends –
Major companies operating in the uterine fibroid embolization device market are developing innovative products such as the TruClear system to address the growing need for minimally invasive treatments for uterine fibroids and improve the safety and efficacy of treatment for uterine fibroids. The TruClear system is a mechanical hysteroscopic tissue removal system that is used to treat intrauterine abnormalities (IUA). It is a flexible catheter that is inserted into the uterus through the cervix. For instance, in November 2022, Medtronic Private Limited, an India-based industrial medical equipment manufacturer, launched the new TruClear system. This mechanical hysteroscopic tissue removal system treats intrauterine abnormalities (IUA). It is a safe and effective option for the treatment of IUA. Additionally, it is a compact, flexible catheter with a spinning nitinol wire loop, continuous inflow and outflow, integrated suction, and high-definition imaging, which contributes to improving the precision and safety of uterine fibroid treatment methods.
The uterine fibroid embolization device market covered in this report is segmented –
1) By Technology: Surgical Techniques, Laparoscopic Techniques, Ablation Techniques, Embolization Techniques
2) By Mode Of Treatment: Invasive Treatment, Minimally Invasive Treatment, Non-Invasive Treatment
3) By End User: Hospitals, Clinics, Ambulatory Surgical Center
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Regional Insights –
North America was the largest region in the uterine fibroid embolization device market in 2023. The regions covered in the uterine fibroid embolization device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the uterine fibroid embolization device market report are Johnson and Johnson Pvt Ltd., Abbott Laboratories, Medtronic plc., Siemens Healthineers Ltd., Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, GE HealthCare Technologies Inc., Olympus Corporation, Terumo Corporation, Smith and Nephew plc., Ethicon Inc., Hologic Inc., CooperSurgical Inc., Ferring B.V., Cook Medical Inc., Karl Storz GmbH, Merit Medical Systems, CONMED Corporation, Amsino International Inc., Lumenis Ltd., Richard Wolf GmbH, BTG International Ltd., Healthium MedTech Pvt. Ltd., INSIGHTEC Ltd., Hironic Co.Ltd, Minerva Surgical Inc., Gynesonics Inc., Advanced Surgical Concepts PLLC, Hitachi Medical Corporation
Table of Contents
- Executive Summary
- Uterine Fibroid Embolization Device Market Report Structure
- Uterine Fibroid Embolization Device Market Trends And Strategies
- Uterine Fibroid Embolization Device Market – Macro Economic Scenario
- Uterine Fibroid Embolization Device Market Size And Growth
…..
- Uterine Fibroid Embolization Device Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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