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U.S. Uro-Gynecological Surgical Devices Markets
Frost & Sullivan, April 2005
Alternatives to Hysterectomy Creating a Dynamic Uro-Gynecological Surgical Devices Market
Viable, sustainable, and less-invasive alternatives to hysterectomy are gaining in popularity among gynecologists, women associations, and care managers across the United States. Manufacturers of uro-gynecological surgical devices need to pay attention to this shift in demand and modify their product offerings accordingly. With the drawbacks and side effects of hysterectomies, patients are also slowly opening up to alternative techniques such as endometrial ablation, hysterescopies, and myomectomy, which drastically cut down the in-patient time and enable quick recovery. While there is likely to be initial resistance to the new surgical procedures, their gradual acceptance is expected to usher in new growth opportunities for existing and potential participants in this market.
This Frost & Sullivan research offers a comprehensive analysis of current dynamics in the U.S. uro-gynecological surgical devices market. The study identifies key market trends, industry challenges, and factors that drive overall growth. It also includes opportunity analysis, revenue forecasts, and strategic recommendations that can assist participants in capturing market share.
Increasing Patient Population and Shift toward Minimally Invasive Surgeries Drive the Market
Female patients constitute 54 percent of the total U.S. patient population and according to the Center for Disease Control (CDC), they also account for approximately 64 percent of all doctor appointments and 59 percent of prescribed drug and niche products purchase. These statistics reflect the vast opportunities that exist for uro-gynecological surgical devices. Despite their high cost, minimally invasive procedures, in particular, are gaining in popularity among female patients who are willing to pay for the benefits of a more sophisticated treatment.
Physicians are also becoming more receptive toward less-invasive surgical procedures, and many agree that in the absence of a valid reason for cervical removal, a minimally invasive procedure such as laparoscopic supracervical hysterectomy is sufficient. With an enormous untargeted patient population and technology breakthroughs that enable doctors to perform increasingly complex minimally invasive surgeries with greater ease, there are tremendous growth opportunities to be found in the gynecologic and female urological market segments, observes the analyst of this research.
Urological Segment Becoming Highly Competitive
With over 11 million women in the United States suffering from incontinence of various types and around 250,000 procedures taking place annually, there exists a huge pent-up demand in the urological segment. Competition is also intensifying as manufacturers vie to deliver the most efficient and innovative surgical device. Entry into this market is limited due to a handful of dominant and well-established companies, says the analyst. Potential entrants need to keep in mind the popularity of minimally invasive procedures and build substantial product lines to successfully gain market share.
Vaginal sling, retropubic suspension systems, and electrical stimulation markets are likely to be the in-demand devices in the urological segment. Ultimately, companies that focus on devices and procedures that cure, rather than manage are expected to garner the greatest market share.
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U.S. Urological Devices Market
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