July 15, 2024
Ultrasonic Aspirator Market

Rising Demand For Minimally Invasive Surgeries Is Anticipated To Openup The New Avenue For Ultrasonic Aspirator Market

An ultrasonic aspirator is a specialized surgical instrument used for removing or liquefying biological tissues such as blood clots, tumors with minimal damage to healthy tissues. It works on ultrasonic cavitation principle where high frequency mechanical vibrations generated by piezoelectric crystal disintegrate and emulsify tissues. Ultrasonic aspirators are particularly useful in neuro and ENT surgeries due to their ability to liquefy soft tissues precisely.

The Ultrasonic Aspirator Market is estimated to be valued at US$ 148.40 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The rising demand for minimally invasive surgeries is one of the key driver boosting the growth of ultrasonic aspirator market. Minimally invasive surgeries cause less surgical trauma, reduce risks of infection and hospital stay, lower healthcare costs, and enable faster recovery for patients. Advancements in ultrasonic technology where modern devices offer adjustable power settings, variable aspiration levels, LED lights, and multi-phasic ultrasonic waves are further fueling the market growth. Growing geriatric population globally also contributes to market expansion as elderly are more prone to developing diseases requiring surgical treatments. Rising healthcare expenditures in developing nations also provides growth opportunities for medical device companies in the forecast period.

Segment Analysis:

The ultrasonic aspirator market can be segmented into devices, portability, application, end user, and geography. Based on devices, the market is segmented into standalone aspirator and integrated/combined systems. The integrated/combined systems segment is expected to dominate the market during the forecast period as they offer advantages of aspiration and dissection in a single device along with compatibility with existing electrosurgical units.

PEST Analysis:

Political: Governments across regions are supporting the healthcare sector through various initiatives and funding to modernize the facilities and improve patient outcomes. This will drive the adoption of advanced medical devices like ultrasonic aspirators.

Economic: The global economy is recovering post-pandemic which is increasing healthcare budgets. This will boost the purchasing power of end users to invest in new technologies.

Social: Rising incidence of chronic diseases and increasing focus on minimally invasive surgeries are driving patients to undergo various operative procedures. This is increasing the demand for precision devices like ultrasonic aspirators.

Technological: Market players are innovating product features by incorporating advanced digital technologies for improved efficacy, safety, and feasibility. Some areas of focus are increased power level controls, integration with electrosurgery units, and improved ergonomics.

Key Takeaways:

The Global Ultrasonic Aspirator Market Demand is expected to witness high growth, exhibiting a CAGR of 6.0% over the forecast period of 2023 to 2030, due to increasing incidence of chronic diseases and growing preference for minimally invasive procedures. The market size for 2023 is estimated to be US$ 148.40 billion.

The North American region is expected to dominate the ultrasonic aspirator market during the forecast period due to presence of major players, advanced healthcare facilities, and high adoption of technologically advanced medical devices in the region. Asia Pacific is anticipated to witness the highest growth rate owing to rising healthcare expenditure, growing medical tourism, and increasing patient population.

Key players operating in the ultrasonic aspirator market include Stryker, Olympus Corporation, Integra LifeSciences, Sring GmbH, Biomedicon Systems India Pvt Ltd, Xcellance Medical Technologies, MISONIX, Inc., Cybersonics, Inc., Meta Dynamic, Inc., and InnoSound Technologies, Inc. These players are focusing on new product launches, partnerships, and geographical expansions to strengthen their market presence.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it