Endometrial Ablation Market Expected to Reach US ~$5.28 billion and CAGR 5.6% by 2030 – Polaris Market Research
The global Endometrial Ablation Market size is expected to reach USD 5.28 billion by 2030 according to a new study by Polaris Market Research.
The major factors driving the market growth include rising demand for endometrial removal devices and procedures coupled with the increasing incidences of gynecological disorders, such as abnormal vaginal bleeding, menorrhagia, and PCOD (polycystic ovarian disease). In addition, growing advantages of endometrial removal procedures rather than surgical methods are also supporting the industry development. Besides, these procedures offer more benefits as they present less invasive surgical alternatives to hysterectomy to patients, which may positively influence the demand for endometrial removal devices.
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Based on end-use, the hospital segment holds the largest revenue share in the global market and is likely to dominate the industry in the estimated period. This healthcare setting provides well-equipped medical devices and equipment, and higher patient inflow may accelerate the segment growth. Whereas the Ambulatory Surgery Center (ASC) segment is the fastest-growing segment in the global industry owing to these medical settings offering low-price medical services in comparison to hospitals, quick treatments facility, as well as least chances of spreading Hospital-Acquired Infections. Hence, these factors may gain huge traction in the global industry.
The demand for endometrial removal devices is growing majorly in emerging nations such as Brazil, China, and India, which may boost the global industry growth. Various factors such as increasing per capita income, growing incidences of gynecological disorders, and rising responsiveness regarding various healthcare procedures and devices among the population are fueling the demand for endometrial removal devices across these developing countries. Escalating research & development activities for minimally invasive procedures might also propel the industry’s growth prospects.
Several industry players are executing several marketing strategies by performing mergers and acquisitions to gain a significant position in the global market and advance their business operations. For instance, in Feb 2021, CooperSurgical acquired AEGEA Medical and also FDA-approved product “Mara Water Vapor Ablation System.” It is a treatment that utilizes water vapor droplets to control excessive menstrual bleeding; this is intentionally designed for use in the doctor’s office.
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Major participants such as Boston Scientific Corp., CooperSurgical Inc., Minerva Surgical, Inc., Ethicon, Inc. (Johnson & Johnson), Hologic, Inc., Olympus Corp., Richard Wolf GmbH, AngioDynamics, and Medtronic are some of the key players operating worldwide.
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Polaris Market Research has segmented the endometrial ablation market report on the basis of type, end-use, and region:
Endometrial Ablation, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Thermal Balloon
- Microwave energy
Endometrial Ablation, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Ambulatory Surgery Centers
Browse detailed report with in-depth TOC – Endometrial Ablation Market
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