The global gynecology surgical instruments market is expected to grow from USD 1.73 billion in 2016 to USD 2.44 billion by 2021, reflecting a five-year CAGR of 7.1 percent, estimates MarketsandMarkets. High incidence of gynecological diseases, increasing awareness programs, and rising government investments for providing advanced healthcare facilities and services are driving the growth of the market. The increasing preference for robotic surgeries may restrain the growth of this market.
North America dominated the global market in 2016, with the US accounting for a major share of this regional market. Prominent players focusing on strengthening their presence through acquisitions and expansions are likely to drive the growth of the North American market. Followed by North America, Europe dominated the global market in 2016.
The Asian market is expected to grow at the highest CAGR owing to the increasing government and private sector investments in healthcare, growing purchasing power, high incidence of gynecological diseases, government initiatives focusing on women's health, and improvements in the healthcare sector of Asian countries.