Ob/gyn market to reach $773 million by 1997 – obstetric and gynecologic instrument market
Revenues for the obstetric and gynecologic instrument market in the United States are expected to reach $773.4 million by 1997, according to a new report from Market Intelligence Research Corp., Mountain View, Calif.
The market reached an estimated $291.1 million in 1990. In that year, revenues grew at 15.7%. The compound annual growth rate is projected to be 15% from 1990 to 1997. Epidural and intrauterine catheter kits constitute the largest segments, comprising about 36% of total market revenues.
The acceptance of hysteroscopes and laparocopes by the medical community has contributed to this growth, the study reports. The development of flexible hysteroscopes is expected to result in an increasing number of procedures being performed in the physician’s office. The non-ivasive nature of these devices will enable the physician to perform a number of procedures without using anesthesia. The small number of manufacturers producing flexible hysteroscopes are extremely successful, the study said.
The catheter kit market is experiencing significant growth due to the increase in pregnancies classified as high risk.
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