Myomectomy Market Analysis, Share, Industry & Revenue [2031]

Segments - Myomectomy Market by Types (Abdominal Myomectomy, Hysteroscopic Myomectomy, and Laparoscopic Myomectomy), Products (Laparoscopic Power Morcellators, Harmonic Scalpel, Laparoscopic Sealer, and Others), End-Users (Clinics/Hospitals, and Ambulatory Surgical Centers), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023-2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

Myomectomy Market Outlook 2031

The Myomectomy Market was USD 720.85 Million in 2022 and is likely to reach USD 1.57 Billion by 2031, expanding at a CAGR of 9.1% during 2023 – 2031. Increasing number of patients suffering from uterine fibroids and associated conditions, and rising adoption of technologically advanced devices for safe and effective myomectomy procedures are the major factors expected to drive the myomectomy market.

Myomectomy is the surgical removal of fibroids from the uterus and allows the uterus to be left in place, which makes pregnancy more likely than before for women. Myomectomy is the preferred fibroid treatment for women who want to become pregnant. Common noncancerous growths, which appear in the uterus, are known as fibroids. Uterine fibroids usually develop during childbearing years, but they can occur at any age.

Myomectomy Market Trends, Drivers, Restraints, and Opportunities

Rising prevalence of uterine fibroids is increasing the demand for myomectomy procedures around the world.
Increasing number of myomectomy procedures for uterine fibroids has led to the launch of technologically advanced products, which is likely to boost the market.
Technological advancements such as use of robots in myomectomy surgery procedures is driving the myomectomy market.
Increasing competition among existing key market players is restraining the myomectomy market.
High cost of new medical devices is hampering the myomectomy market.
The myomectomy market holds several opportunities for growth in innovation and product developments.

Scope of Myomectomy Market report

The report on Myomectomy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Myomectomy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2023
Historic Data	2016-2021
Forecast Period	2023-2031
Segmentation	Types (Abdominal Myomectomy, Hysteroscopic Myomectomy, and Laparoscopic Myomectomy), Products (Laparoscopic Power Morcellators, Harmonic Scalpel, Laparoscopic Sealer, and Others), End-Users (Clinics/Hospitals, and Ambulatory Surgical Centers)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players	Medtronic plc, Stryker Corporation, ConMed Corporation, INSIGHTEC Ltd, Cooper Surgical Inc, Hologic Inc, KARL STORZ SE & Co. KG, B Braun, Richard Wolf Medical Instruments, and Minerva Surgical Inc.

Market Segment Insights

The Abdominal Myomectomy Segment Is Expected to Occupy a Significant Share over the Forecast Period

On the basis of types, the myomectomy market is segmented into abdominal myomectomy, hysteroscopic myomectomy, and laparoscopic myomectomy. The abdominal myomectomy segment dominated the market with a significant revenue share in 2019, due to increasing number of uterine fibroids patients, which in turn, increases the demand for myomectomy procedures for treatment. This procedure is widely preferred and performed for fibroids.

The laparoscopic myomectomy segment is expected to register a high CAGR of 9.3% during the forecast period. The technique offers less invasive procedures and fast patient recovery as compared to other procedures. This procedure allows the surgeon to remove fibroids by placing small instruments through several small incisions.

Product Insights held a substantial share in the market

Based on products, the myomectomy market is fragmented into laparoscopic power morcellators, harmonic scalpel, laparoscopic sealer, and others. The others segment accounted for a revenue share of 36.6% in 2019. The segment is expected to register a CAGR of 9.5% over the forecast period, owing to several benefits offered by this segment such as same-day procedure, less invasive treatment, and fast recovery.

Furthermore, this procedure preserves the uterus, cervix, and ovaries, which are helpful for childbearing and reproductive women. Thus, these factors are anticipated to increase the demand for myomectomy during the forecast period, 2021-2028.

North America is Expected to Dominate the Myomectomy Market Over the Forecast Period

North America dominated the market with a share of 53.1% in 2019, due to increasing number of patients suffering from uterine fibroid problems, high medical reimbursement facilities in the region, rising government initiatives, and increasing myomectomy-related surgical procedures/hospital visits.

The market in Asia Pacific is expected to register a CAGR of 10.4% during the forecast period, due to factors such as increasing women population suffering from uterine fibroids, rising awareness about disease diagnosis and treatment, and modernization of healthcare infrastructure. Moreover, growth in medical tourism industry in developing economies such as India, China, and Japan is likely to boost the myomectomy market. Additionally, rising healthcare expenditure by the government and increasing number of hospitalizations due to rising cases of uterine fibroids are other factors responsible for growth of the market in the region.

Segments

By Types

Abdominal Myomectomy
Hysteroscopic Myomectomy
Laparoscopic Myomectomy

By Products

Laparoscopic Power Morcellators
Harmonic Scalpel
Laparoscopic Sealer
Others

By End-Users

Clinics/Hospitals
Ambulatory Surgical Centers

Key Players

Medtronic plc
Stryker Corporation
ConMed Corporation
INSIGHTEC Ltd
CooperSurgical Inc.
Hologic Inc.
KARL STORZ SE & Co. KG
B Braun
Richard Wolf Medical Instruments
Minerva Surgical Inc.

Competitive Landscape

Key players in myomectomy market include Medtronic plc, Stryker Corporation, ConMed Corporation, INSIGHTEC Ltd, Cooper Surgical Inc, Hologic Inc, KARL STORZ SE & Co. KG, B Braun, Richard Wolf Medical Instruments, and Minerva Surgical Inc. For instance, in October 2018, Cooper Surgical Inc. announced the unveiling of the Cooper Genomics PGTai technology platform to utilize the power of Artificial Intelligence (AI), machine learning, and ERPeak endometrial receptivity test and provide precise detection of the receptivity condition of a female's endometrium.

Global Myomectomy Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Myomectomy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Myomectomy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Myomectomy Market - Supply Chain
  4.5. Global Myomectomy Market Forecast
     4.5.1. Myomectomy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Myomectomy Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Myomectomy Market Absolute $ Opportunity
5. Global Myomectomy Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Myomectomy Market Size and Volume Forecast by Types
     5.3.1. Abdominal Myomectomy
     5.3.2. Hysteroscopic Myomectomy
     5.3.3. Laparoscopic Myomectomy
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Myomectomy Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Myomectomy Market Size and Volume Forecast by End Users
     6.3.1. Clinics/Hospitals
     6.3.2. Ambulatory Surgical Centers
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Myomectomy Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Myomectomy Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Myomectomy Demand Share Forecast, 2019-2026
8. North America Myomectomy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Myomectomy Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Myomectomy Market Size and Volume Forecast by Types
     8.4.1. Abdominal Myomectomy
     8.4.2. Hysteroscopic Myomectomy
     8.4.3. Laparoscopic Myomectomy
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Myomectomy Market Size and Volume Forecast by End Users
     8.7.1. Clinics/Hospitals
     8.7.2. Ambulatory Surgical Centers
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Myomectomy Demand Share Forecast, 2019-2026
9. Latin America Myomectomy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Myomectomy Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Myomectomy Market Size and Volume Forecast by Types
     9.4.1. Abdominal Myomectomy
     9.4.2. Hysteroscopic Myomectomy
     9.4.3. Laparoscopic Myomectomy
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Myomectomy Market Size and Volume Forecast by End Users
     9.7.1. Clinics/Hospitals
     9.7.2. Ambulatory Surgical Centers
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Myomectomy Demand Share Forecast, 2019-2026
10. Europe Myomectomy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Myomectomy Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Myomectomy Market Size and Volume Forecast by Types
     10.4.1. Abdominal Myomectomy
     10.4.2. Hysteroscopic Myomectomy
     10.4.3. Laparoscopic Myomectomy
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Myomectomy Market Size and Volume Forecast by End Users
     10.7.1. Clinics/Hospitals
     10.7.2. Ambulatory Surgical Centers
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Myomectomy Demand Share Forecast, 2019-2026
11. Asia Pacific Myomectomy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Myomectomy Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Myomectomy Market Size and Volume Forecast by Types
     11.4.1. Abdominal Myomectomy
     11.4.2. Hysteroscopic Myomectomy
     11.4.3. Laparoscopic Myomectomy
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Myomectomy Market Size and Volume Forecast by End Users
     11.7.1. Clinics/Hospitals
     11.7.2. Ambulatory Surgical Centers
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Myomectomy Demand Share Forecast, 2019-2026
12. Middle East & Africa Myomectomy Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Myomectomy Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Myomectomy Market Size and Volume Forecast by Types
     12.4.1. Abdominal Myomectomy
     12.4.2. Hysteroscopic Myomectomy
     12.4.3. Laparoscopic Myomectomy
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Myomectomy Market Size and Volume Forecast by End Users
     12.7.1. Clinics/Hospitals
     12.7.2. Ambulatory Surgical Centers
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Myomectomy Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Myomectomy Market: Market Share Analysis
  13.2. Myomectomy Distributors and Customers
  13.3. Myomectomy Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Medtronic plc
     13.4.2. Stryker Corporation
     13.4.3. ConMed Corporation
     13.4.4. INSIGHTEC Ltd
     13.4.5. CooperSurgical Inc.
     13.4.6. Hologic Inc.
     13.4.7. KARL STORZ SE & Co. KG
     13.4.8. B Braun
     13.4.9. Richard Wolf Medical Instruments
     13.4.10. Minerva Surgical Inc.