The global Unilateral Biportal Endoscopy Market size is expected to reach USD 1.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2022 to 2030. Increasing demand for minimally invasive surgeries and the growing awareness of the benefits such as reduced hospitalization, minimal collateral tissue damage, reduced postoperative complications, and faster recovery. Moreover, surgeons and their practices are transitioning from conventional open procedures to robotic assisted and visually advanced endoscopic procedures. Furthermore, technology advancements in the field of spinal endoscopic procedures and minimally invasive surgeries are expected to bolster market growth. For instance, June 2017, Olympus introduced 3D surgical endoscope, which is compatible with VISERA ELITE II system. It uses 3D imaging that helps with in depth perception for precision in surgery.
The on-going Covid-19 pandemic has burdened healthcare
systems across the globe and has led to significant transformations in the
healthcare industry, thereby forcing endoscopy facilities to reduce volumes of
elective and non-essential endoscopic procedures. For instance, a survey
conducted for endoscopy units across 55 countries by the World Endoscopy
Organization between April 2020 and May 2020, reported an 87.0% reduction of in
the number of endoscopy procedures. The ongoing pandemic has caused alterations
in the operating room structures, workforce, indications, and pre-op setup. The
alarming decline in endoscopic procedures was recorded in emerging economies
with developing healthcare facilities.
In 2021, the reusable product type segment accounted
for the largest revenue share owing to the widespread adoption of these
products due to their recoverability rate through disinfection and
sterilization. The bifurcation of these products based on the exposure of
infection risk into critical, semi-critical, and non-critical devices enables
selecting the appropriate disinfection process. On the other hand,
single use product type segment is anticipated to register the fastest growth
during the forecast period owing to the increasing incidence of hospital
acquired infections due to reusable products. In addition, single use products
are low on maintenance cost and storage, which is expected to propel the growth
of this segment. Lastly, this product segment is witnessing a rise in adoption
levels to curb the incidences of cross-contamination.
Based on the application, the decompression segment
accounted for the highest revenue share in 2021 owing to its minimally invasive
nature and enhanced visualization of discs and nerves is contributing to the
growth of this segment. The various forms of decompression procedures provide
more favorable outcomes and minimum complications, thereby boosting growth. In
addition to decompression techniques available for varied indications,
degenerative lumbar canal stenosis recorded the highest revenue share in 2021
owing to the multiple benefits of decompression procedures such as prevention
of paraspinal muscle atrophy, reduced muscle dissection, and retraction.
Based on end-user, the hospitals segment accounted for
the largest revenue share in 2021 owing to large-scale adoption of these
endoscopic procedures and growing demand for minimally invasive surgeries.
On the other hand, ambulatory surgery centers/clinics are anticipated to
be the fastest growing segment during the forecast period owing to increasing
preference for minimally invasive surgeries and reduced hospitalization. The
growing trend of same day surgery has resulted in significant cost savings and
optimum care delivery in the developed economies and is therefore expected to
boost segment growth.
In 2021, North America dominated the market. This can
be attributed to developed healthcare infrastructure, high adoption of advanced
technologies, and an increase in awareness about the advantages of minimally
invasive therapies. On the other hand, Asia Pacific is expected to be the
fastest-growing region during the forecast period owing to increasing
investments by market players for geographic expansion and rapid economic
development in countries such as China and India and improving health
infrastructure in this region. Moreover, the prevalence of spinal disorders in
the geriatric population is the highest in this region due to the presence of
largest proportion of the geriatric population.
Related Press Release@ Unilateral Biportal Endoscopy Market Report
Unilateral Biportal Endoscopy
Market Report Highlights
- The market size is anticipated to be valued at USD 1.3 billion by
2030, owing to increasing demand for minimally invasive surgeries and
advancements in endoscopic visualization systems
- The reusable product segment dominated the market in 2021 owing to
the high recoverability rate with advanced disinfection and sterilization
techniques
- The decompression application segment dominated the market in 2021,
owing to its minimal invasive nature and quicker recovery time
- The hospital segment dominated the market in 2021 owing to large
scale adoption of endoscopic procedures and catering to the rising demand
of minimally invasive surgeries
- North America dominated the market in 2021 owing to
well-established healthcare facilities and technological advancements in
endoscopic techniques
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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