[322 Pages Report] The global unilateral biportal endoscopy market size was valued at USD 750 million in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2032. Increasing demand for minimally invasive or key-hole surgeries for diagnostic and therapeutic purposes is expected to drive the overall growth.
Attribute | Details |
---|---|
Anticipated Base Year Value (2021) | US$ 750 million |
Expected Market Value (2022) | US$ 798 million |
Projected Forecast Value (2032) | US$ 1500 million |
Global Growth Rate (2022 to 2032) | 6.5% CAGR |
Growth Rate of the North American Market (2022-2032) | 6.7% CAGR |
Expected Market Value of APAC (2032) | US$ 520 Million (Approx.) |
U.K Market Expansion Rate (2022 to 2032) | 6.8% CAGR |
Key Companies Profiled |
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Advancements in the field of robotic surgery and visually advanced endoscopic procedures are expected to drive the demand for spinal endoscopic procedures. For instance, in March 2018, Auris Health, Inc. received FDA approval for its new robotic endoscopy system, Monarch Platform. In addition, the growing awareness levels of the benefits of these procedures such as reduced hospitalization, shortened operating time, minimal collateral tissue damage, and quicker recovery are boosting demand and contributing to market development. The emergence of advanced visualization technologies is complementing the growing demand for minimally invasive surgeries and is expected to positively influence the market for unilateral biportal endoscopy over the forthcoming years.
Some of these innovations are advanced image-guided technology, flexible radiolucent spinal implants, 3D printing of disc tissue, and bone fusion. The use of computer-assisted image guidance for spine localization is constantly evolving and is delivering real-time image datasets. Moreover, these advancements focus on the development of lesser noninvasive surgical techniques, preservation of motion in the operated spinal segment, minimum postoperative pain and complications, and reduction in recovery time.
Moreover, the growing number of healthcare facilities such as hospitals, ambulatory surgery centers, and specialty clinics is anticipated to boost the demand for unilateral biportal endoscopies over the forecast period. Furthermore, numerous healthcare professionally-owned and managed ambulatory surgery centers are gaining popularity with endoscopists carrying out minimally invasive surgeries in these outpatient settings.
For instance, in Europe, the U.K. had the highest number of hospitals, accounting for 3,186 in 2018 and this number is expected to reach 10,027 hospitals by 2025, growing at a CAGR of 18.0%. Furthermore, countries such as Brazil and South Africa are expected to register a significant increase in the number of hospitals with a CAGR of 10.1% and 11.8%, respectively.
There has been a large-scale adoption of endoscopes and continuous technical evolution across the globe, backed by the development of advanced products that can be utilized in all healthcare units.
For instance, in February 2019, PENTAX Medical, which is a subsidiary of HOYA Corporation, introduced its argon plasma coagulation (APC) and integrated electrosurgical platforms, ENDO PLUS and ENDO ARC, which address coagulation concerns and offer electrosurgical capabilities. Such high-tech progress by endoscope market players has become a key cause behind the increasing popularity of new-generation endoscopes among healthcare specialists.
The mounting cases of chronic illnesses, such as cardiovascular diseases (CVDs), respiratory diseases, and cancer, will propel the demand for advanced endoscopy equipment in the nearby future.
The dearth of trained physicians and endoscopists Acts as a Prominent Market Restraint. There is a substantial shortage of endoscopy physicians and surgeons across the globe. This shortage of trained professionals in endoscopy is also likely to be observed in the Asia Pacific, Latin America, and Europe (excluding the UK, where training has been provided for nurse endoscopists for the last decade by the United Kingdom Central Council for Nursing, Midwifery, and Health).
Skilled specialists are needed to efficiently conduct endoscopy procedures for averting the spread of infections in endoscopy facilities. The dearth of skilled endoscopy physicians and nurses in key regions is anticipated to destructively impact several endoscopy procedures carried out per year globally. A few market players, such as Olympus, have manufactured training centers to overcome this concern. In Asia alone, the company has 22 training centers for endoscopy. Such projects will enhance mindfulness about the latest technological progressions in the field of endoscopy, as well as increase the number of trained endoscopy professionals.
North America dominated the market for unilateral biportal endoscopy and accounted for the largest revenue share of 42.4% in 2021, owing to factors such as developed and evolving healthcare infrastructure, growing geriatric population and enlarged prevalence of chronic diseases like cancer, widespread adoption of advanced technologies, presence of key players, and increase in awareness about advantages of minimally invasive surgeries.
Moreover, promising reimbursement policies for endoscopic procedures in the United States, and hefty investments by hospitals to purchase advanced endoscopic equipment is pushing the growth of the Unilateral Biportal Endoscopy market in the region.
A recently published report by Future Market Insights reveals that the North American Unilateral Biportal Endoscopy market is projected to expand to US$ 720 Million by 2032 from US$ 350 Million in 2021, following a Y-o-Y growth rate of 6.7% throughout the projection period.
The Asia Pacific is anticipated to register the fastest growth during the forecast period. Developing healthcare infrastructure and facilities, increased healthcare expenditures, and expansion of renowned players are propelling the unilateral biportal endoscopy market. In addition, infrastructure investments, regional expansion, economic development, and a highly-skilled workforce.
Moreover, companies are devising entry strategies and mergers and acquisitions to cater to the Asia Pacific endoscopy market. Besides, the APAC market growth is attributed to the augmented desire for the usage of endoscopes for treatment and diagnostics and technical improvements leading to better applications.
Furthermore, the market growth is anticipated to be driven by aspects such as the soaring number of hospitals, enlarged patient demand for less invasive procedures, technological developments, and an upsurge in the geriatric population in the region. Additionally, there is an increment in the usage of alternative endoscopic equipment and increased adoption and knowledge of therapy and diagnosis.
Future market insight’s recent analytical report summarizes that the APAC unilateral bi portal endoscopy market is estimated to reach US$ 520 Million, following a 6.5% CAGR throughout the forecast period.
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USA | 6.7% |
---|---|
UK | 6.8% |
China | 6.5% |
Japan | 6.7% |
South Korea | 6.7% |
In 2021, the reusable product segment accounted for the largest revenue share of 95%. The traditional practice of using reusable products by surgeons and endoscopists is due to its recoverability rate and categorization based on exposure to infection risk. On the other hand, the single-use product segment is anticipated to register the fastest growth during the forecast period owing to the increasing prevalence of hospital-acquired infections caused by the use of reusable and uncleaned products.
As per reports, the transformation to single-use products has resulted in the U.S. endoscopic market growing tenfold over the past decade. Increasing usage of single-use endoscopes due to the low cost of maintenance, cleaning, and storage is propelling the product demand. For instance, in July 2019, Integrated Endoscopy received the U.S. FDA clearance for its NUVIS, a single-use, economical arthroscope.
In 2021, the decompression application segment accounted for the largest revenue share of 40%. Non-invasive nature and quicker recovery are some of the benefits of this procedure and are expected to boost the segment. The decompression procedure enables direct anatomical visualization and minimizes collateral tissue damage.
Additionally, decompression procedures have proven to have more favorable clinical outcomes when compared to conventional methods. per an Asian Spine Journal report published in April 2019, a study conducted to record clinical outcomes in 105 patients with spinal stenosis undergoing bilateral endoscopic surgeries and interlaminar decompression stated ODI improved from 67.4±11.5 to 22.9±12.4.
Furthermore, the decompression application segment is anticipated to register the fastest growth during the forecast period owing to benefits such as minimized collateral tissue damage, faster and assured recovery, small incision, and minimal blood loss. Furthermore, degenerative lumbar canal stenosis is the highest revenue-generating indication for decompression procedures since it prevents paraspinal muscle atrophy, reduced muscle dissection, and retraction when compared to conventional open surgical methods.
Prominent Unilateral Biportal Endoscopy providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
As of 2021, Future Market Insights estimated the Unilateral Biportal Endoscopy market to have reached US$ 750 Million.
By 2022, Future Market Insights expected demand for Unilateral Biportal Endoscopy to reach US$ 798 Million.
From 2015-to 2021, the Unilateral Biportal Endoscopy market grew at a 6.3% value CAGR.
From 2022-to 2032, Unilateral Biportal Endoscopy demand is likely to surge at a 6.5% CAGR.
By 2032, the market for Unilateral Biportal Endoscopy is likely to be valued at US$ 1500 Million.
By 2032, Future Market Insights expects the U.S market for Unilateral Biportal Endoscopy to reach US$ 720 Million.
APAC is expected to register a 6.5% CAGR in the Unilateral Biportal Endoscopy industry.
South Korea and Japan are expected to document CAGRs worth 6.7% and 6.8% respectively in the Unilateral Biportal Endoscopy market.
Reusable Unilateral Biportal Endoscopy will be maximum, expanding at a 6.7% CAGR.
Decompression Biportal Endoscopy for the medium & small segment will remain most preferred, expanding at a CAGR of 7% until 2032.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Product 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) Analysis By Product, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Product, 2022-2032 5.3.1. Reusable 5.3.2. Single Use 5.4. Y-o-Y Growth Trend Analysis By Product, 2017-2021 5.5. Absolute $ Opportunity Analysis By Product, 2022-2032 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032 6.3.1. Decompression 6.3.2. Lumbar Central Canal Stenosis 6.3.3. Degenerative Lumbar Canal Stenosis 6.3.4. Lumbar Spinal Stenosis 6.3.5. Deherniation 6.3.6. Spinal Stabilization 6.3.7. Other Applications 6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 6.5. Absolute $ Opportunity Analysis By Application, 2022-2032 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By End-user 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) Analysis By End-user, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By End-user, 2022-2032 7.3.1. Hospitals 7.3.2. Ambulatory Surgery Centers/Clinics 7.3.3. Other End-users 7.4. Y-o-Y Growth Trend Analysis By End-user, 2017-2021 7.5. Absolute $ Opportunity Analysis By End-user, 2022-2032 8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.K. 9.2.1.2. Canada 9.2.2. By Product 9.2.3. By Application 9.2.4. By End-user 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product 9.3.3. By Application 9.3.4. By End-user 9.4. Key Takeaways 10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Product 10.2.3. By Application 10.2.4. By End-user 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product 10.3.3. By Application 10.3.4. By End-user 10.4. Key Takeaways 11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Product 11.2.3. By Application 11.2.4. By End-user 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product 11.3.3. By Application 11.3.4. By End-user 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. Rest of Asia Pacific 12.2.2. By Product 12.2.3. By Application 12.2.4. By End-user 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product 12.3.3. By Application 12.3.4. By End-user 12.4. Key Takeaways 13. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Product 13.2.3. By Application 13.2.4. By End-user 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product 13.3.3. By Application 13.3.4. By End-user 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. U.K. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Product 14.1.2.2. By Application 14.1.2.3. By End-user 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Product 14.2.2.2. By Application 14.2.2.3. By End-user 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Product 14.3.2.2. By Application 14.3.2.3. By End-user 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Product 14.4.2.2. By Application 14.4.2.3. By End-user 14.5. Rest of Latin America 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Product 14.5.2.2. By Application 14.5.2.3. By End-user 14.6. Germany 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Product 14.6.2.2. By Application 14.6.2.3. By End-user 14.7. U.K. 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Product 14.7.2.2. By Application 14.7.2.3. By End-user 14.8. France 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Product 14.8.2.2. By Application 14.8.2.3. By End-user 14.9. Spain 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Product 14.9.2.2. By Application 14.9.2.3. By End-user 14.10. Italy 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Product 14.10.2.2. By Application 14.10.2.3. By End-user 14.11. Rest of Europe 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Product 14.11.2.2. By Application 14.11.2.3. By End-user 14.12. China 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Product 14.12.2.2. By Application 14.12.2.3. By End-user 14.13. Japan 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Product 14.13.2.2. By Application 14.13.2.3. By End-user 14.14. South Korea 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Product 14.14.2.2. By Application 14.14.2.3. By End-user 14.15. Malaysia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Product 14.15.2.2. By Application 14.15.2.3. By End-user 14.16. Singapore 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Product 14.16.2.2. By Application 14.16.2.3. By End-user 14.17. Australia 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Product 14.17.2.2. By Application 14.17.2.3. By End-user 14.18. Rest of Asia Pacific 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Product 14.18.2.2. By Application 14.18.2.3. By End-user 14.19. GCC Countries 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Product 14.19.2.2. By Application 14.19.2.3. By End-user 14.20. South Africa 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2021 14.20.2.1. By Product 14.20.2.2. By Application 14.20.2.3. By End-user 14.21. Israel 14.21.1. Pricing Analysis 14.21.2. Market Share Analysis, 2021 14.21.2.1. By Product 14.21.2.2. By Application 14.21.2.3. By End-user 14.22. Rest of MEA 14.22.1. Pricing Analysis 14.22.2. Market Share Analysis, 2021 14.22.2.1. By Product 14.22.2.2. By Application 14.22.2.3. By End-user 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Product 15.3.3. By Application 15.3.4. By End-user 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Endovision Co Ltd 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.2. Karl Storz 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.3. Smith & Nephew 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.4. Stryker Corporation 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.5. Conmed Corporation 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.6. Joimax Gmbh 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.7. Richard Wolf 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.8. Jiangsu Bonss Medical Technology Co. Ltd. 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.9. Kinetix Lifesciences 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.10. Maxer Endoscopy Gmbh 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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