Need to diagnose and treat number of serious spinal disorders drives the growth of the global unilateral biportal endoscopy market.
PORTLAND, Ore., July 21, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Unilateral Biportal Endoscopy Market by Product Type (Endoscope, Accessory Devices), by Indication (Herniated Discs, Spinal Stenosis, Others), by End User (Hospitals, Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global unilateral biportal endoscopy industry was accounted for $295.31 million in 2021, and is expected to reach $548.43 million by 2031, growing at a CAGR of 6.4% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Download Report (245 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/17355
Drivers, restraints, and opportunities
Need to diagnose and treat number of serious spinal disorders drives the growth of the global unilateral biportal endoscopy market. However, lack of skilled workers hinders the market growth. On the contrary, rise in establishment of UBE in developing countries and high investments from major market players are expected to open new opportunities in the future.
Covid-19 scenario:
- During the pandemic, hospitals and governments encouraged patients to postpone their elective surgeries. This negatively affected the demand for UBE devices.
- To reduce the danger of infection, hospitals employed personal protective equipment, negative pressure suites, and ward isolation. As a result, UBE endoscopic therapy had become expensive overall.
Scope of the Report: -
Report Attribute | Details |
Revenue forecast in 2030 | $ 548.43 Million |
Growth rate | CAGR of 6.4% from 2022 to 2031 |
Forecast period | 2022 - 2031 |
Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Regional scope | North America, Europe, Asia Pacific, Latin America, MEA |
Country scope | U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia |
Key companies profiled | UBE market are CONMED Corporation, Endovision Co. Ltd., Jiangsu Bonss Medical Technology Co. Ltd., Joimax GmbH, Karl Storz, Maxmorespine, Maxer Endoscopy GmbH, Richard Wolf, Smith & Nephew and Stryker Corporation Access Table PDF |
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The endoscope segment held the largest share
By product type, the endoscope segment held the largest share in 2021, accounting for more than three-fourths of the global unilateral biportal endoscopy market, due to increase in technological advancements in endoscopes offering image-guided technology with artificial intelligence. However, the accessory devices segment is expected to register the highest CAGR of 6.8% during the forecast period, owing to increase in use of accessories in various surgical procedures.
The hospitals segment dominated the market
By end user, the hospitals segment held the lion's share in 2021, contributing to nearly three-fourths of the global unilateral biportal endoscopy market, due to presence of sophisticated surgical equipment in these settings. However, the ambulatory surgical centers segment is estimated to manifest the highest CAGR of 7.2% from 2022 to 2031, due to creasing number of healthcare professionally-owned ambulatory care settings to cater to the rising demand for minimally invasive surgeries.
North America dominated the market
By region, the market across North America held the largest share in 2021, holding more than two-fifths of the global unilateral biportal endoscopy market, owing to robust infrastructure provided for research activities and presence of key players across North America. However, market across Asia-Pacific is expected to register the highest CAGR of 8.0% during the forecast period, due to rise in investments in the healthcare sector.
Major market players
- CONMED Corporation
- Endovision Co. Ltd.
- Jiangsu Bonss Medical Technology Co. Ltd.
- Joimax GmbH
- Karl Storz
- Maxmorespine
- Maxer Endoscopy GmbH
- Richard Wolf
- Smith & Nephew
- Stryker Corporation
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the unilateral biportal endoscopy market analysis from 2021 to 2031 to identify the prevailing unilateral biportal endoscopy market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the unilateral biportal endoscopy market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global unilateral biportal endoscopy market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
- By Product Type
- Endoscope
- Accessory Devices
- By Indication
- Herniated Discs
- Spinal Stenosis
- Others
- By End User
- Hospitals
- Ambulatory Surgical Centers
- By Region
- North America
- U.S. Unilateral Biportal Endoscopy Market
- Canada Unilateral Biportal Endoscopy Market
- Mexico Unilateral Biportal Endoscopy Market
- Europe
- Germany Unilateral Biportal Endoscopy Market
- France Unilateral Biportal Endoscopy Market
- U.K. Unilateral Biportal Endoscopy Market
- Italy Unilateral Biportal Endoscopy Market
- Spain Unilateral Biportal Endoscopy Market
- Rest of Europe
- Asia-Pacific
- Japan Unilateral Biportal Endoscopy Market
- China Unilateral Biportal Endoscopy Market
- Australia Unilateral Biportal Endoscopy Market
- India Unilateral Biportal Endoscopy Market
- South Korea Unilateral Biportal Endoscopy Market
- Rest of Asia-Pacific
- LAMEA
- Brazil Unilateral Biportal Endoscopy Market
- South Africa Unilateral Biportal Endoscopy Market
- Saudi Arabia Unilateral Biportal Endoscopy Market
- Rest of LAMEA
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