The hysteroscopy instruments market is expected to reach USD 1.89 Billion by 2022 from USD 1.30 Billion in 2017, growing at a CAGR of 7.8%. Factors such as the growth in female geriatric population and rising incidence of gynecological diseases, increasing adoption of minimally invasive treatments, implementation of favorable government initiatives, increasing adoption of office hysteroscopy, and technological advancements are driving the growth of this market
Expansion accounted for the largest share of the overall growth strategies followed by key players between 2014 and 2017. Some of the companies that adopted this strategy include Medtronic (Ireland), B. Braun (Germany), KARL STORZ (Germany), Stryker (US), Richard Wolf (Germany), Cook Medical (US), and Olympus (Japan).
The hysteroscopy instruments market is highly competitive with several big and small players. Prominent players in this market include KARL STORZ (Germany), Olympus (Japan), Richard Wolf (Germany), Stryker (US), Hologic (US), Medtronic (Ireland), Ethicon (Scotland), B. Braun (Germany), Boston Scientific (US), MedGyn Products (US), CooperSurgical (US) , Cook Medical (US), Medicon (Germany), Maxer Medizintechnik (Germany), Hospiline Equipments (India), XION (Germany), SCHÖLLY FIBEROPTIC (Germany), Rema Medizintechnik (Germany), OPTEC Endoscopy Systems (Germany), EMOS Technology (Germany), Vimex Endoscopy (Poland), Timesco Healthcare (UK), Optomic España (Spain), and Endoservice (Germany).
KARL STORZ held the leading position in the global hysteroscopy instruments market in 2016. The company offers an extensive range of hysteroscopy instruments. To further strengthen its product portfolio and market presence, the company focuses on strategic alliances, partnerships, agreements, and expansions as key growth strategies. A notable example was the expansion of its new production facility in Estonia, Europe, in 2016. Such developments help the company enhance its production capacity to provide an adequate number of instruments and to maintain its position in the hysteroscopy instruments market.
Olympus is another important player in the market. The company has a strong geographic presence in the market and a robust product portfolio of hysteroscopy instruments. As part of its growth strategy, Olympus focuses on organic growth strategies like product launches and upgrades and geographical expansion. For instance, in 2016, the company opened its Thai - Training and Education Center (T-TEC) in Bangkok (Thailand) that acts as a venue for delivering endoscopy and surgical training and education to medical practitioners in Southeast Asia.
Hysteroscopy Instruments Market by Product (Forceps, Scissors, Hysteroscope (Rigid, Flexible), Resectoscope (Unipolar, Bipolar), Usability, Application (Diagnosis, Myomectomy, Polypectomy, EA), End User (Hospital, Clinic, ASC) - Global Forecast to 2022
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