The global Neurology Ultrasonic Aspirators market size was valued at US$ 329.10 million in 2020 and is anticipated to grow at a CAGR of 5.10% during forecast period 2021 to 2028.
Increase in number of neurological diseases such as Traumatic Brain Injury (TBI), adoption of minimally invasive neurosurgeries, and increasing awareness for neurology ultrasonic aspirators among professionals are a few factors driving the growth.
Neurology ultrasonic aspirator is a surgical device that uses low frequency ultrasonic vibrations to dissect tissues and aspirate the surgical field. According to the National Center for Biotechnology Information (NCBI), neurology ultrasonic aspirators has been used to remove brain tumors. For instance, Cavitron Ultrasonic Surgical Aspirator (CUSA), designed to cut out brain tumor without affecting the healthy tissues. According to the National Brain Tumor Society, in the U.S., 78,890 new cases of non-malignant and malignant tumors were diagnosed in 2018.
Neurology ultrasonic aspirators offers several benefits such as it is the most versatile and user-friendly system for smooth control of soft tissue. It may reduce perioperative morbidity and intraoperative blood loss. It enables sensitive structure of brain to be dissected with fine bone in closed vicinity. It is widely used in multiple surgical specialties and used in carrying out minimally invasive procedures.
Integrated neurology is projected to be the fastest growing segment during the forecast period owing to the increasing incidence of brain tumor and disability caused by neurological diseases. It helps surgeons combine and aspirate soft tissues during complex cranial neurosurgery. This technology is used in orbital, lacrimal, neurological diseases, and skull base surgery. For instance, Soering had Sonoca 300 ultrasonic aspirator which is designed to offer 3 working frequency in one system. It is used for neurosurgical operations.
Standalone neurology ultrasonic aspirator is expected to lead the market in near future owing to rising cases of cerebral palsy, bone dissection, and head injuries. This segment is leading the market owing to the factors such as less risk of damage, simple designs and lower cost of its treatment. Features of this product include easy setup which allow users to independently control power and deliver precise fragmentation, irrigation with one handpiece and suction.
Hospitals segment is leading the neurology ultrasonic aspirators market owing to increasing incidence of neurological diseases such as brain injury and TBI. In hospitals, there is a separate department of neurology known as the department of neurology and science. This department majorly concentrates on various diseases, abnormalities, and dysfunction of brain, spine and nerves. They have certain specialized neurologist, neuropsychologists, and neurorehabilitation team. Their neurosurgical theaters are well equipped with surgical devices such as interventional radiology, microsurgical instrumentation, (devices), and spinal instrumentation.
In addition, to the treatment for conducting minimally invasive neurosurgeries, they use neurology ultrasonic surgical aspirator. It is mostly used in the treatment of brain tumors and TBI. Thus, increasing abnormalities and brain diseases, and better healthcare facilities provided by hospitals are driving market growth.
Ambulatory Surgical Centers (ASC) are best known for outpatients who do not require to stay overnight after surgical procedures. Outpatient surgical advantages include greater convenience and reduced cost. ASCs are specialized in several surgical treatments such as pain management, neurosurgeries, and diagnostic. According to the American Hospital Association, there are 5,260 surgery centers in U.S. as compare to 5,724 hospitals. Thus, factors such as cost saving and reducing overnight staying expenses are driving the ASC segment over the forecast period.
North America led the market and is expected to witness substantial growth in future as well due to increasing prevalence of neurological diseases, awareness about the treatment, presence of well-established healthcare facilities and availability of highly skilled neurosurgeons. Moreover, significant adoption of technologically advanced medical types is also expected to drive the market. In addition, increasing reimbursements for innovations in devices and surgical procedures is positively affecting the regional growth.
Asia Pacific is expected to register the highest CAGR in the near future due to the prevalence of diseases, increasing government initiatives, and various awareness programs by the NGOs. Presence of a large number of key players in economies, such as China and Japan are majorly driving the growth. Rise in cases of brain tumor and TBI is yet another key driver for the regional growth.
Stryker; Olympus India Pvt Ltd.; Integra Life Sciences Corporation; Springs GMBH; Xcellence Medical Technologies; Cybersonics Inc.; and Meta Dynamic Inc.
Ambulatory Surgical Centers
Middle East and Africa (MEA)
The Neurology Ultrasonic Aspirators market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Neurology Ultrasonic Aspirators market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Neurology Ultrasonic Aspirators market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Neurology Ultrasonic Aspirators market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Neurology Ultrasonic Aspirators market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Neurology Ultrasonic Aspirators capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Neurology Ultrasonic Aspirators by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Neurology Ultrasonic Aspirators market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Neurology Ultrasonic Aspirators market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Neurology Ultrasonic Aspirators market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Neurology Ultrasonic Aspirators industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Neurology Ultrasonic Aspirators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Neurology Ultrasonic Aspirators market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Neurology Ultrasonic Aspirators market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Neurology Ultrasonic Aspirators market. These factors have benefited the growth of the global market for Neurology Ultrasonic Aspirators. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Neurology Ultrasonic Aspirators. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Neurology Ultrasonic Aspirators are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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