The gynecology medical lasers market consists of sales of gynecology medical lasers and related services by entities (organizations, sole traders and partnerships) that manufacture gynecology medical lasers. Gynecology medical lasers are used in the treatment for diseases pertaining to the female reproductive system. Only goods and services traded between entities or sold to end consumers are included.
The global gynecology medical lasers market is expected to decline from $268.96 million in 2019 to $192.13 million in 2020 at a compound annual growth rate (CAGR) of -28.56%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $424.15 million in 2023 at a CAGR of 30.21%.