Rising demand for minimally invasive procedures among women suffering from endometrial is fueling endometrial ablation devices market revenue growth
The global endometrial ablation devices market size is expected to reach USD 1,596.9 Million at a steady revenue CAGR of 5.3% in 2028, according to latest analysis by Emergen Research. Steady endometrial ablation devices market revenue growth can be attributed to rising prevalence of gynecological disorders in women, including menorrhagia that are responsible for patients opting for advanced surgical procedures such as endometrial ablation.
Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.
Menorrhagia is a disorder in which menstruation occurs at regular cycle intervals but is accompanied with excessive blood flow for extended duration and is amongst the most frequent gynecologic conditions in women. Reports indicate that it is increasing and according to statistics released by the World Health Organization (WHO), in 2018, about 18 million females in the age group of 30 years to 55 years noticed excessive menstrual bleeding.
Market players are making substantial investment in development of cutting-edge endometrial ablation devices to expand their market revenue share by integrating new functionalities to deliver better outcomes to patients. For instance, in November 2019, Gynesonics, which is a firm engaged in offering healthcare solutions for women, announced the introduction of a transcervical fibroid ablation system, Sonata 2 System in North America (US) and Europe. This innovative fibroid ablation system incorporates intrauterine ultrasound method with advantages of targeted radiofrequency energy in a uterus preserving, incision-less procedure. It offers advanced intrauterine ultrasound probe with enhanced performance, delivering higher resolution imaging to target fibroids all over the uterus. Also, various supportive initiatives deployed by governments worldwide, particularly in developing economies such as China and India for modernization of the healthcare sector and increase in investment in research and development activities for more innovative minimally invasive ablation surgeries is propelling market growth.
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The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry: Boston Scientific Corporation, Olympus Corporation, Smith & Nephew plc. (Medtronic plc.), Idoman Teoranta, AEGEA Medical, Inc., CooperSurgical Inc., Richard Wolf GmbH, Hologic, Inc., Johnson & Johnson, and Minerva Surgical, Inc.
Key Highlights From the Report
In February 2021, CooperSurgical announced the acquisition of California-based, AEGEA Medical and its FDA-approved Mara Water Vapor Ablation System. The acquisition complements CooperSurgical’s growing portfolio of women’s health medical products. Mara is an endometrial ablation treatment that uses water vapor to treat heavy menstrual bleeding. Mara has proven to reduce heavy menstrual bleeding and improve women’s quality of life effectively and safely.
Radiofrequency ablation segment accounted for a significantly large revenue share in 2020 due to significantly high increase in adoption in recent years. The device inserted in the uterus transmits radiofrequency energy which vaporizes endometrial tissue in a short span of time. Radiofrequency ablation is registering increased adoption due to its convenience, effectivity, and speed of treatment.
Clinic segment accounted for a significantly robust revenue share in 2020 due to advancements in endometrial ablation techniques that do not need large space and can be used in clinics. Emergence of clinics that specialize in treatment of endometrial ablation and availability of advanced technologies for treating the disease in these clinics will contribute to growth of this segment.
The global Endometrial Ablation Devices market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Endometrial Ablation Devices market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Endometrial Ablation Devices market.
Emergen Research has segmented the global endometrial ablation devices market on the basis of technology type, end-use, and region:
Technology Type Outlook (Revenue, USD Million; 2018–2028)
End-use Outlook (Revenue, USD Million; 2018–2028)
Ambulatory Surgery Center
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The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Endometrial Ablation Devices market is segmented into the following based on the key regions of the world:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Endometrial Ablation Devices Market added by Emergen Research demonstrates that the global Endometrial Ablation Devices market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Endometrial Ablation Devices market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Summary of the Global Endometrial Ablation Devices Report:
Comprehensive analysis of the market including risks and opportunities
Details of business strategies and plans undertaken by key market players
Analysis of current and future trends that will affect the growth of the market in the forecast timeline
In-depth analysis of drivers and constraints for better understanding of the market
The report encompasses a detailed forecast for the years 2021-2028.
The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.
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