SEATTLE, Feb. 28, 2019 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global ultrasonic aspirator market was valued at US$ 332.9 million in 2017, and is projected to exhibit a CAGR of 5.3% during the forecast period (2018 – 2026).
Key Trends and Analysis of the Ultrasonic Aspirator Market:
Rapid adoption of minimally invasive surgical technique over existing surgical practice is one of major drivers for growth of the market. For instance, as per study report published by National Center for Biotechnology Information (NCBI) in 2013, most of the surgeons are using minimally invasive surgical techniques to perform procedures that were previously done by open surgery. Surgeons perform cholecystectomy laparoscopically in 96% of the cases.
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Moreover, increasing 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.
Furthermore, increasing pipeline studies to evaluate the efficiency of ultrasonic aspiration methods in various resection procedures are expected to drive growth of ultrasonic aspirator market. For instance, in 2017, University of Colorado, Denver in collaboration with Stryker Instrument, initiated a comparative clinical study to evaluate the incidence of vulva dysplasia recurrence within 12 months of treatment with ultrasonic aspiration or carbon dioxide (CO2) laser ablation by using Styker’s Sonopet Ultrasonic Aspirator. The study is expected to complete in February 2019.
Among regions, North America ultrasonic aspirator market is expected to account for the largest market share owing to new product launches in this region. For instance, in September 2018, Misonix, Inc., disclosed its first ultrasonic surgical aspirator platform technology, neXus, at North American Spine Society (NASS) conference. 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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Key Market Takeaways:
- The global ultrasonic aspirator market is projected to witness CAGR of 5.3% during the forecast period (2018 – 2026), owing to increasing incidences of neurologic disorder. According to Global Burden of Diseases, in 2015, the global burden of neurological disorder contributed to 6.3% of global burden of all diseases.
- Among region, Asia Pacific is expected to show significant growth for ultrasonic aspirator market, owing to various inorganic growth strategies adopted by major players in the region. For instance, in 2018, Olympus Pvt. Ltd, announced plans to acquire Cybersonics’s lithotripsy system including ShockPulse-SE and CyberWand. CyberWand is a dual probe electromechanical device capable of fragmenting and aspirating calculi in the kidney, bladder, or ureter. ShockPulse-SE is used to produce constant ultrasonic wave and intermittent shockwave energy via a single probe to reduce procedure time.
- Major players operating in the global ultrasonic aspirator market include Stryker Corporation, Olympus Pvt. Ltd., Integra LifeSciences, B. Braun Melsungen AG, Sring GmbH, Biomedicon Systems India Pvt Ltd, Xcellance Medical Technologies, Misonix, Cybersonics, Inc., Meta Dynamic, Inc., and InnoSound Technologies, Inc.