In recent years, medical advancements have transformed the field of surgery, making procedures less invasive and more efficient. One such breakthrough technique gaining significant attention is Unilateral Biportal Endoscopy Market. This cutting-edge approach offers surgeons enhanced visualization and maneuverability, resulting in improved patient outcomes and a higher level of precision. In this blog post, we will explore the unilateral biportal endoscopy market, its potential benefits, and its impact on the future of minimally invasive surgery.
The market for unilateral biportal endoscopy has witnessed remarkable growth in recent years, fueled by several factors. Firstly, the demand for minimally invasive surgical procedures has been on the rise, driven by patients’ desire for quicker recovery, reduced scarring, and minimal post-operative complications. Unilateral biportal endoscopy aligns perfectly with these patient expectations, making it an attractive option for surgeons.
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From an anticipated USD 750 million in 2021, the Unilateral Biportal Endoscopy Market is projected to reach USD 798 million by 2022. The market is anticipated to reach USD 1500 million and experience a CAGR of 6.5% from 2022 to 2032. The ageing of the population and considerable financial investments in emerging countries’ medical infrastructure are both to blame for the market’s growth.
Additionally, reusable segment Unilateral Biportal Endoscopy Aviation is gaining popularity because to its high rate of recoverability and classification depending on infection risk. Because of the growing investment in the healthcare industry and the supporting policies set by US and Canadian hospitals, it is projected that demand for the aforementioned market will rise in the near future.On the other hand, the key barriers to the expansion of the global unilateral biportal endoscopy market are high costs and a lack of competent endoscopic professionals.
Key Takeaways from the Market Study:
- Unilateral Biportal Endoscopy for Decompression application segment captures the largest share of more than 40% across the globe, documenting a CAGR of 7% throughout the forecast period.
- Reusable type segment to expand at a CAGR of 6.7% during the forecast period
- Hospitals segment is likely to capture the largest market share of more than 48%
- The North American market is expected to secure USD 720 Million while expanding at a CAGR of 7%
- APAC to record a CAGR of 6.5% during the forecast period
“Increasing prevalence of chronic diseases like cancer and upward trend of adopting less invasive procedure is propelling the demand for the Unilateral Biportal Endoscopy across the world.” says an analyst at Future Market Insights
Competitive Landscape:
Key players in the global Unilateral Biportal Endoscopy market include Endovision Co. Ltd., Karl Storz, Smith & Nephew, Stryker Corporation, CONMED Corporation, Maxer Endoscopy GmbH, Joimax GmbH, Richard Wolf, Jiangsu Bonss Medical Technology Co. Ltd., Kinetix Lifesciences
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Some of the recent key developments among the players are:
- In May 2022, Boston Scientific Corporation announced the worldwide commercial availability of its SpyGlass™ Direct Visualization System for single-operator duodenoscope assisted cholangiopancreatoscopy (SODAC) or visual examination of the bile ducts.
- In Jan 2022, Stryker announced completed the acquisition of all of the issued and outstanding shares of common stock of Vocera Communications, Inc. for $79.25 per share, or a total equity value of approximately $2.97 billion and a total enterprise value of approximately $3.09 billion.
- In May 2022, DLA Piperadvised CONMED Corporation in its agreement to acquire privately-held In2Bones Global, Inc. (In2Bones), on a cash-free, debt-free basis, for cash consideration of US$145 million at closing. The deal also includes an additional US$110 million in growth-based earnout payments over four years
More Valuable Insights Available:
FMI, in its new offering, presents an unbiased analysis of the global Unilateral Biportal Endoscopy, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
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Key Segments Covered in the Unilateral Biportal Endoscopy Industry Survey
Unilateral Biportal Endoscopy by Product Outlook:
- Reusable Unilateral Biportal Endoscopy
- Single-use Unilateral Biportal Endoscopy
Unilateral Biportal Endoscopy by Application:
- Unilateral Biportal Endoscopy for Decompression
- Unilateral Biportal Endoscopy for Lumbar Central Canal Stenosis
- Unilateral Biportal Endoscopy for Degenerative Lumbar Canal Stenosis
- Unilateral Biportal Endoscopy for Lumbar Spinal Stenosis
- Unilateral Biportal Endoscopy for Deherniation
- Unilateral Biportal Endoscopy for Spinal Stabilization
- Others
Unilateral Biportal Endoscopy by End-user:
- Unilateral Biportal Endoscopy in Hospitals
- Unilateral Biportal Endoscopy in Ambulatory Surgery Centers/Clinics
- Other end-users
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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