Number of pages: 100 | Report Format: PDF | Published date: May 29, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023 to 2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 7.54 billion |
Revenue Forecast in 2031 |
US$ 19.13 billion |
CAGR |
10.9% |
Base Year for Estimation |
2022 |
Forecast Period |
2023 to 2031 |
Historical Year |
2021 |
Segments Covered |
Product, Application, End User, and Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the ultrasound dissection devices market was valued at US$ 7.54 billion in 2022 and is expected to register a revenue CAGR of 10.9% to reach US$ 19.13 billion by 2031.
Ultrasound Dissection Devices Market Fundamentals
Ultrasound dissection devices, also known as ultrasonic dissectors or ultrasonic surgical instruments, are medical tools used in surgical procedures to cut, dissect, and coagulate tissue using high-frequency ultrasound waves. Many surgical specialties, including general surgery, neurology, orthopedics, and plastic surgery, have seen an increase in the use of these devices. The ultrasound dissection devices market has expanded steadily over the past few years. The market is anticipated to rise due to technological developments, an increase in surgical operations, rising demand for minimally invasive treatments, and an increase in the prevalence of chronic diseases.
Ultrasound Dissection Devices Market Dynamics
Several drivers influence the growth of the global ultrasound dissection devices market. The adoption of ultrasound dissection tools is driven by ongoing developments in ultrasound technology, such as enhanced imaging quality, greater precision, and better energy control. Enhancing surgical results and patient safety includes innovations in probe design, energy delivery, and tissue interaction. The need for ultrasound dissection tools is being driven by the rise in traditional and less invasive surgical techniques. These tools are employed in various fields, such as general surgery, gynecology, urology, and neurosurgery, which helps the industry grow. The prevalence of chronic diseases, such as cardiovascular disorders, cancer, and orthopedic conditions, is increasing globally. Surgery procedures involving these illnesses use ultrasound dissection equipment, propelling market expansion. Minimally invasive surgical procedures are becoming more popular due to benefits like fewer scars, shorter hospital stays, and quicker recovery. In minimally invasive procedures, ultrasound dissection tools are essential for precise tissue dissection and coagulation. The aging population is more vulnerable to many illnesses and necessitates surgical procedures. The demand for ultrasound dissection devices is anticipated to rise as the global population ages.
However, operating ultrasound dissection devices requires specialized training and expertise. The availability of skilled surgeons and healthcare professionals proficient in using these devices may be limited, particularly in certain areas, hindering market growth.
Ultrasound Dissection Devices Market Ecosystem
The global ultrasound dissection devices market is analyzed from the following perspectives: product, application, end user, and region.
Ultrasound Dissection Devices Market by Product
Based on the product, the ultrasound dissection devices market is segmented into hand-held devices, accessories, and ultrasonic generators.
Hand-held devices account for a significant revenue share in the global ultrasound dissection devices market. Handheld ultrasound dissection devices offer the advantage of portability and mobility. They are compact, lightweight, and can be easily carried and used in various clinical settings, including operating rooms, outpatient clinics, emergency departments, and even in remote or resource-limited areas. This portability allows for greater flexibility and convenience in performing procedures. Handheld devices are designed to be user-friendly, allowing surgeons and physicians to control the device during procedures. They often have ergonomic designs and intuitive interfaces, making them easier to handle and maneuver. This ease of use enhances the efficiency and accuracy of surgical dissection procedures. Handheld ultrasound dissection devices typically provide real-time imaging and guidance during surgical procedures. As a result, surgeons can see anatomical structures, recognize important tissues, and properly direct the dissection procedure. The use of real-time imaging improves surgical results and lowers the possibility of complications. For minimally invasive operations, handheld ultrasonic dissection devices are very useful. When compared to more expensive ultrasound systems with larger consoles, handheld devices are frequently more economical. They are generally simpler to manage, need less infrastructure, and have lower upfront expenditures. Due to their affordability, they are more available to various healthcare facilities, including smaller clinics and settings with low resources.
Ultrasound Dissection Devices Market by Application
Based on the application, the global ultrasound dissection devices market is segmented into urology, general surgery, gynecology, plastic surgery, and others.
General surgery accounts for a significant revenue share in the global ultrasound dissection devices market. Ultrasound dissection devices are used in general surgery for operations such as tissue dissection, vascular closure, and hemostasis. In order to properly locate and separate tissues, surgeons can employ ultrasound-guided dissection, which lowers the possibility of damaging nearby structures. Laparoscopic surgeries, cholecystectomies (gallbladder removal), and hernia repairs frequently use these instruments.
Ultrasound Dissection Devices Market by End User
Based on the end user, the ultrasound dissection devices market is segmented into hospitals, ambulatory surgical centers, and others.
The hospital segment accounts for the largest revenue share in the global ultrasound dissection devices market in 2022. Hospitals increasingly embrace minimally invasive surgical techniques, such as laparoscopy and endoscopy, which involve making small incisions or using natural body openings. Ultrasound dissection devices are particularly valuable in these procedures because they provide precise tissue dissection and coagulation, reducing the invasiveness of the surgery and promoting faster patient recovery. Operating rooms, or surgical theaters, are equipped with advanced medical equipment and surgery tools. Ultrasound dissection devices are commonly found in operating rooms to assist surgeons in achieving optimal surgical outcomes.
Ultrasound Dissection Devices Market by Region
Geographically, the global ultrasound dissection devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounts for the largest global ultrasound dissection devices market revenue share. North America, particularly the United States, has a well-developed healthcare infrastructure with advanced hospitals, clinics, and surgical centers. These facilities have the financial resources to invest in cutting-edge medical technologies, including ultrasound dissection devices. The presence of a robust healthcare system facilitates the adoption and usage of such devices, driving the market growth. North America has one of the highest healthcare expenditures globally. The willingness to invest in healthcare technologies and treatments increases demand for advanced medical devices, including ultrasound dissection devices. The higher healthcare expenditure enables healthcare providers to procure state-of-the-art equipment, contributing to the dominance of the market. North America is known for its innovation and technological advancements in the medical field. The region is home to several leading medical device companies that invest heavily in research and development to create innovative ultrasound dissection devices. These advancements attract domestic and international customers, further consolidating North America's position in the market.
The Asia Pacific region is projected to experience significant growth in the global ultrasound dissection devices market and is expected to grow at a CAGR of 11.2% during the forecast period. Governments and private sectors invest in healthcare infrastructure, facilities, and medical technologies. The increased healthcare spending allows hospitals to adopt advanced medical devices, including ultrasound dissection devices. The Asia-Pacific region is witnessing a rising burden of chronic diseases like cardiovascular diseases, cancer, and diabetes. These conditions often require surgical interventions, including the use of ultrasound dissection devices. The increasing patient pool and the need for advanced surgical techniques drive the demand for ultrasound dissection devices in hospitals across the region. There is a significant increase in the number of surgical procedures being performed in Asia-Pacific countries. Factors such as a growing aging population, improved access to healthcare services, and increasing awareness about surgical treatment options contribute to the rising demand for ultrasound dissection devices in hospitals. Surgeons are adopting minimally invasive techniques, and ultrasound-guided dissection devices are crucial in these procedures. The Asia-Pacific region has been witnessing rapid advancements in healthcare infrastructure and technology. Hospitals are investing in state-of-the-art surgical equipment and facilities to provide high-quality healthcare services. The adoption of advanced ultrasound dissection devices is a part of this modernization process, leading to the region's growth in the market. Global medical device companies are expanding their presence in Asia-Pacific, recognizing its growth potential. They are establishing partnerships, distribution networks, and sales channels to cater to the increasing demand for medical devices, including ultrasound dissection devices. This market expansion further contributes to the growth of hospitals' ultrasound dissection devices market.
Ultrasound Dissection Devices Market Competitive Landscape
The prominent players operating in the global ultrasound dissection devices market are: -
Ultrasound Dissection Devices Market Strategic Developments
Ultrasound dissection devices are medical equipment used in surgical procedures to cut, dissect, and coagulate tissue using high-frequency ultrasound waves. They are also known as ultrasonic dissectors or ultrasonic surgical instruments.
Global ultrasound dissection devices are projected to grow at 10.9% revenue CAGR during the forecast period.
Chison Medical, Edan Instruments, EKF Diagnostics, Ethicon Endo-Surgery, and Medtronic plc are some of the key players in the global ultrasound dissection devices market.
The Asia Pacific region is projected to grow at a high revenue CAGR in the global ultrasound dissection devices market.
Medical devices, including ultrasound dissection devices, are subject to stringent regulatory requirements and approvals. Obtaining necessary certifications and complying with regulatory standards can pose challenges for manufacturers, potentially impacting market growth.
*Insights on financial performance are subject to the availability of information in the public domain