North America to Dominate Non Invasive Surgery Market During Forecast Period
Growing healthcare awareness is expected to drive the growth of global non invasive surgery market
According to TechSci Research report, “Global Non Invasive Surgery Market By Type (Radiosurgery, Lithotripsy, Defibrillation, Brachytherapy, Non-Invasive Ventilation, Oxygen Therapy, Others), By Application (Oncology, Cardiology, Renal Disorders, Gynecology, Urology, Dermatology, Neurology, ENT, Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialty Clinics, Others), By Region, Forecast & Opportunities, 2025”, the global non invasive surgery market is expected to grow at a steady rate during the forecast period on account of the ageing population suffering from various chronic diseases such as cancer, diabetes, cardiovascular diseases, among others. This has drastically increased the patient pool requiring effective treatment and surgical procedures to be carried out. This in turn is expected to propel the market growth. Additionally, benefits such as no cut or incision on body parts, less or no blood loss, enhanced patient care and overall improved patient experience associated with non invasive surgical procedures are expected to further spur the market growth over the next few years. Also, the chances of hospital acquired infections are very minimal with these type of surgeries. This in turn has increased the demand for non invasive surgical procedures. Furthermore, technological advancements such as robotic assistance during the surgery, narrow band imaging endoscopes, HD cameras for endoscopes & bronchoscopes, among others are anticipated to spur the market growth through 2025. However, dearth of skilled professionals to carry out these surgical procedures might hamper the market growth until 2025. Moreover, lack of awareness and adoption in emerging countries might further restrict the market growth during the forecast period.
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The global non invasive surgery market is segmented based on type, application, end user, company and region. Based on application, the market can be grouped into oncology, cardiology, renal disorders, gynecology, urology, dermatology, neurology, ENT, and others. The cardiology segment is expected to dominate the market owing to the growing prevalence of cardiovascular diseases. On the other hand, the oncology segment is expected to witness the highest growth in the market on account of the increasing number of cases and deaths due to cancer. Radiosurgery along with chemotherapy is an effective way of treating cancer. Based on end users, the market can be fragmented into hospitals & clinics, ambulatory surgical centers, specialty clinics and others. Here, the hospitals & clinics segment is expected to dominate the market on account of the presence of proper facilities, equipment, machinery and skilled professionals in them to carry out non invasive surgical procedures. On the other hand, the ambulatory surgical centers is expected to witness significant growth in the market on account of the flexibility of scheduling offered by them. Additionally, surgeries at these centers are quite affordable also.
Medtronic Plc., Intuitive Surgical, Inc., B. Braun Medical Inc, Boston Scientific Corporation, CONMED Corporation, Cogentix Medical Inc, Fujifilm Medical Systems USA Inc., Olympus Corporation, KARL STORZ SE & Co. KG, Johnson & Johnson Private Limited and others are some of the leading players operating in global non invasive surgery market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
“North America is expected to dominate the non invasive surgery market during the forecast period, owing to the early adoption of advanced technologies and procedures in the healthcare facilities. Additionally, growing network of ambulatory surgical centers is further expected to fuel the market growth. Furthermore, the presence of key surgical equipment and machinery manufacturers in the region is expected to create lucrative opportunities for the market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Non Invasive Surgery Market By Type (Radiosurgery, Lithotripsy, Defibrillation, Brachytherapy, Non-Invasive Ventilation, Oxygen Therapy, Others), By Application (Oncology, Cardiology, Renal Disorders, Gynecology, Urology, Dermatology, Neurology, ENT, Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialty Clinics, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global non invasive surgery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global non invasive surgery market.
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