Ultrasonic Aspirator Market is Anticipated to Witness High Growth Owing to Increasing Number of Surgical Procedures
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Ultrasonic Aspirator Market |
The
ultrasonic aspirator market involves the manufacturing and sales of ultrasonic
aspirators. Ultrasonic aspirators are surgical devices employed in removing
soft tissues and breaking up blood clots, tumors, and cysts without damaging
nearby tissues during surgical procedures. They utilize ultrasonic energy for
Fragmenting and withdrawing tissues simultaneously with saline irrigation. The
instruments allow for precise tissue fragmentation and extraction with minimal
thermal damage to surrounding healthy tissues. The demand for ultrasonic
aspirators is driven by the rising number of surgical procedures globally owing
to the growing prevalence of chronic medical conditions such as cardiovascular
diseases, cancer, and neurological disorders.
The Global
Ultrasonic Aspirator Market Demand is estimated to be valued at US$
170.96 million in 2024 and is expected to exhibit a CAGR of 5.7% over the
forecast period of 2024 to 2030.
Key Takeaways
Key players operating in the ultrasonic aspirator market are US Zinc, GHC, and
Hindustan Zinc Ltd. These players are focusing on new product launches and
geographic expansions to strengthen their market position.
In terms of opportunities, the rising medical tourism in developing countries
provides significant growth prospects for market players. Furthermore, the
increasing collaborations between ultrasound technology developers and surgical
device manufacturers will create new avenues over the next few years.
Globally, the ultrasonic aspirator market is anticipated to witness high growth
in the Asia Pacific region owing to improving healthcare infrastructure, rising
medical expenditures, and increasing focus of international players on
establishing manufacturing and distribution networks in countries such as India
and China.
Market Drivers
One of the key drivers for the ultrasonic aspirator market is the growing
geriatric population globally. The elderly are more susceptible to chronic
diseases and injuries leading to a rise in surgical interventions requiring
ultrasonic aspirators. According to the United Nations, the population aged 60
years and above is projected to grow from 962 million globally in 2017 to 2.1
billion by 2050.
Market Restraints
High costs associated with ultrasonic aspirators may hinder the market growth,
especially in price-sensitive developing regions. Furthermore, the lack of
skilled medical professionals required to operate ultrasonic aspirators poses a
challenge.
Segment Analysis
The global ultrasonic aspirator market is segmented based on product,
usability, portability, technology, application, end-use and region. By
product, disposable aspirator tips dominates the market with around 50% share
as they are single use and prevent cross contamination risk. By usability, the
single-use ultrasonic aspirators sub-segment holds the largest market share due
to affordability and portability. By portability, the laptop-sized ultrasonic
aspirators sub-segment dominates as they are highly portable and can be moved
from one operating room to another with ease. By technology, aspiration by
ultrasonic techniques is most prevalent for its precise, selective and minimal
invasive procedure benefits over conventional methods. By application, surgical
application dominates as ultrasonic aspirators witness higher demand from
neurosurgery, ENT, dental and orthopedic procedures. By end-use, hospitals hold
the largest share owing to higher volume of surgical procedures conducted in
hospital settings.
Global Analysis
The North America ultrasonic aspirator market accounts for the largest revenue
share of more than 35% globally due to highly developed healthcare
infrastructure and healthcare expenditure. Europe is the second largest market
followed by Asia Pacific. The Asia Pacific market is poised to witness fastest
growth during the forecast period owing to rising medical tourism,
infrastructure modernization and increasing per capita healthcare spending in
emerging countries such as India, China and Southeast Asian nations. Improving
reimbursement scenario and growing need for minimally invasive surgical
procedures further boost the regional market growth.
For more details on the report, Read- https://www.trendingwebwire.com/ultrasonic-aspirator-market-trends-size-and-share-analysis/
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