The major factors that drive the growth of the global unilateral biportal endoscopy market include technological advancement and rise in adoption of minimal invasive procedures. In addition, surge in geriatric population and increase in government expenditure on healthcare propel the market growth. However, shortage of trained physician and endoscopists are likely to restrain the growth of the unilateral biportal endoscopy market during the forecast period. Conversely, booming healthcare sector in developing economies are anticipated to provide lucrative opportunities to the market players.
The unilateral biportal endoscopy market is segmented into product, indication, end user and region. According to product, the market is categorized into endoscope and accessory device. On the basis of indication, the market is classified into herniated discs, spinal stenosis, others. By end user, it is segregated into hospitals and clinics and ambulatory surgical centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Endovision Co. Ltd., Karl Storz, Smith & Nephew, Stryker Corporation, CONMED Corporation, Maxer Endoscopy GmbH, Joimax GmbH, Richard Wolf, Jiangsu Bonss Medical Technology Co. Ltd., and Maxmorespine.
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.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Endovision Co. Ltd.
- Jiangsu Bonss Medical Technology Co. Ltd.
- Joimax GmbH
- Karl Storz
- Kinetix Lifesciences
- Maxer Endoscopy GmbH
- Richard Wolf
- Smith & Nephew
- Stryker Corporation
- CONMED Corporation
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Table of Contents
Executive Summary
According to the report, titled, “Unilateral biportal endoscopy Market," the unilateral biportal endoscopy market size was $295.31 million in 2021, and is estimated to reach $548.43 million by 2031, growing at a CAGR of 6.4% from 2022 to 2031. The unilateral biportal endoscopic spine surgery is a procedure carried out through two discrete little surgical incisions on either side of the spinous process. The surgeon can do extremely accurate decompression in a clear and magnified surgical area using continuous high-pressure normal saline irrigation and a high-definition arthroscope. The unilateral biportal endoscopic approach has the benefit of allowing for a clear view of the contralateral sublaminar foraminal region without the need for a second incision. Muscle dissection is also diminished. Continuous saline irrigation results in minimal intraoperative bleeding, clear visibility, and a low risk of infection. But to carry out this procedure, the surgeon must master the triangulation idea and navigate a challenging learning curve. Excessive saline irrigation following surgery can result in meningeal irritation.The key factors that drive the growth of the global unilateral biportal endoscopy market growth are technological advancement and rise in adoption of minimal invasive procedures. In addition, surge in geriatric population and increase in government expenditure on healthcare further boost the market growth. However, shortage of trained physician and endoscopists are likely to hamper the growth of the unilateral biportal endoscopy market during the forecast period. Conversely, developments in healthcare sector in developing economies are expected to provide numerous opportunities for market growth during the forecast period.
The global unilateral biportal endoscopy market is segmented on the basis of product type, indication, end user, and region. By product type, the market is bifurcated into endoscope and accessory devices. By indication the market is classified into herniated discs, spinal stenosis and others. The others segment is further segmented into scoliosis, degenerative disc disease. By end user, the market is fragmented into hospitals and ambulatory surgical centers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By product type, the endoscope segment dominated the market in 2021 and is expected to remain dominant during the forecast period, owing to increase in the demand for minimally invasive surgical procedures, rapidly advancing endoscopy technology, and increase in the prevalence of diseases like diabetes, cancer, and obesity around the world. The accessory segment is expected to be the fastest growing segment due to increasing use of accessories in various surgical procedures.
By indication, the herniated discs segment dominated market in 2021 and is expected to remain dominant during the forecast period, owing to surge in chronic problems in the lumbar region. Moreover, spinal stenosis segment is set to be the fastest growing segment with a CAGR of 7.2%.
By end user, the hospitals segment dominated market in 2021 and is expected to remain dominant during the forecast period, owing to the need for spinal endoscopic operations as a result of spinal deformity and future developments in robotic surgery and visually sophisticated endoscopic procedures that require trained professionals to operate with. Additionally, the ambulatory surgical centers segment is anticipated to be the fastest growing segment due to increasing number of healthcare professionally-owned ambulatory care settings to cater to the rising demand for minimally invasive surgeries.
Region wise, North America had the highest market share in 2021. Increase in spinal surgery and surge in treatment rate due to the presence of developed healthcare technology, rise in healthcare expenditure by the government, and huge disposable income in the region drives the growth of the market in the region. In U.S. favorable reimbursement policies for endoscopic procedures, the prevalence of cancer, hospitals' high investments in new endoscopic equipment, their intense focus on research activities to advance endoscopy techniques, and Canadian hospitals' adoption of a new funding model are all factors that contribute to North America holding the largest share of the global market. However, the Asia-Pacific market is estimated to show significant CAGR of 8.0%. The presence of a large population base, increase in per capita income, and rise in medical tourism industry are unilateral biportal endoscopy market trends in the region.
Key players that operate in the global 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.
Key Findings of the Study
- By product type, the endoscopy segment was the highest contributor to the market in 2021 and is expected to continue this trend during the forecast period
- On the basis of indication, the herniated discs segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- By end user, the hospitals segment dominated the market in 2021, and is expected to continue during the forecast period.
- Region-wise, North America accounted for a majority of the unilateral biportal endoscopy market share in 2021, and is anticipated to remain dominant during the forecast period.
Companies Mentioned
- Endovision Co. Ltd.
- Jiangsu Bonss Medical Technology Co. Ltd.
- Joimax GmbH
- Karl Storz
- Kinetix Lifesciences
- Maxer Endoscopy GmbH
- Richard Wolf
- Smith & Nephew
- Stryker Corporation
- Conmed Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 150 |
Published | June 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 295.31 million |
Forecasted Market Value ( USD | $ 548.43 million |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |