Global Ultrasonic Aspirator Market Size- 2020-2027
Global Ultrasonic Aspirator Market is segmented By Type (Standalone Ultrasonic Aspirator, Integrated Ultrasonic Aspirator), By Application (Neurosurgery, Gynecological Surgery, Brain Cancers, Ischemic Stroke, Traumatic Brain Injury, Others), By End-User (Hospitals, Clinics, ASCs, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027
The Ultrasonic Aspirators market was valued at USD 400.9 Mn in 2020 and is estimated to grow at a CAGR of 8.4% over the forecast period to reach a USD YY Mn by 2027.
Ultrasonic aspirator is a device for evacuating fluid or tissue by suction, used for minimally invasive procedures, especially for the resection of a tumor. The device provides precise control of soft tissues while simultaneously enabling fine bone dissection near delicate structures, hence, widely used for surgical procedures such as laparoscopy, gynecology, tumor resection, and others.
The global ultrasonic aspirators market is growing due to several driving factors such as rising demand for minimally invasive neurosurgeries, increasing technological advancement in the ultrasonic aspirator devices. For instance, in April 2019, Integra LifeSciences Holdings Corp. launched the Selector SaberTip for the CUSA Selector ultrasonic surgical aspirator system. The new Selector SaberTip is designed for surgical applications requiring precise and controlled removal of bone and calcified tissues. The Selector SaberTip attaches to the CUSA Selector’s 24 kHz neurosurgical short handpiece, reportedly offering surgeons premier bone-removal power and fine control.
Ultrasonic aspirators are used during intracranial bone dissection to help precisely control the soft tissue that is in proximity to other delicate structures. Owing to rising incidences of gynecologic cancers and increasing use of ultrasonic aspirators in surgical cytoreduction procedures for cancer treatment is expected to fuel growth of the ultrasonic aspirators market during forecast period. For instance, in 2018, according to the American Cancer Society estimation, about 110,070 new cases of gynecologic cancer were diagnosed and about 32,120 deaths associated with gynecologic cancers were reported in the U.S.
In addition, ease of availability of favorable medical reimbursements, and increasing demand of ultrasonic aspirators in surgical procedures such as acoustic meningiomas, skull or non-skull-based tumor resection, and trans-nasal procedures.
However, low awareness towards the availability of the devices, high cost of ultrasonic aspirators, stringent regulations, and technical failure of the device are hindering the growth of the ultrasonic aspirator market globally.
By type, the standalone segment accounted for the largest market share in 2018 due to the low risk of damage, simplified design of the device, lower cost compared to the integrated ultrasonic aspirators. However, the integrated ultrasonic aspirators market is growing at a significant rate over the forecast period (2019-2026) due to prospect of customization in the integrated ultrasonic aspirators and increasing technological advancements.
Based on the applications of the ultrasonic aspirators, the neurosurgery segment held the highest share of the market in 2018, followed by the orthopedic surgery and liver surgery segments. In addition, the rising number of plastic surgery, bariatric surgery, etc. is estimated to increase the market size of this segment during the forecast period (2019-2026).
By end-user, the global ultrasonic aspirators market is dominated by hospitals segments in 2018 due to rising number of surgical procedures and as neurosurgeries are complicated in nature and require delicate tools, they are mostly performed in hospitals.
The North America is dominating the global Ultrasonic Aspirator market with highest market size in 2018 and estimated to hold the largest market share over the forecast period (2019-2026). The market in this region is growing due to several factors including rising number of surgical procedures, presence major ultrasonic aspirators market players, and availability of technically advanced devices at hospitals and ambulatory surgery centers. Rising prevalence and procedures related to brain tumors are also expected to drive the market. For instance, according to National Brain Tumor Society, it is projected that 78,980 new cases of malignant and non-malignant brain tumor and CNS tumors were be diagnosed in the U.S. in 2018. Growing cases of brain aneurysm is further expected to assist the market growth. As per estimates by Brain Aneurysm Foundation, 6 million people in the United States of 1 in 50 people have an unruptured brain aneurysm.
The Europe ultrasonic aspirator market held the second largest share of the global ultrasonic aspirators market in 2018, owing to growing well-established health care infrastructure, availability of advanced devices, and high number of surgical procedures performed in Western Europe.
Some of major players in the global ultrasonic aspirator include Olympus Corporation, Stryker, Integra LifeSciences, Soring GmbH, Biomedicon Systems India Pvt Ltd, Xcellance Medical Technologies, Misonix, Cybersonics, Inc., Meta Dynamic, Inc., InnoSound Technologies, Inc., among others. The key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches along with increased focus on R&D are other ways the leading players improve their market presence. For instance,
In February 2019, Soring GmbH, one of the leading manufacturers of products for ultrasound surgery, launched a new product for precise neurosurgical ultrasonic tumor aspiration.
In September 2018, Misonix Inc., disclosed its first ultrasonic surgical aspirator platform technology, neXus, at North American Spine Society (NASS) conference. The neXus is fully integrated smart technology combining all the features of Misonix's existing solutions such as BoneScalpel, SonicOne, and SonaStar. SonaStar is the ultrasonic aspirators that help to perform surgeries faster and remove tumors precisely with fewer complications. The new platform is to be launched in the first half of 2019.
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