The global Unilateral Biportal Endoscopy market is estimated at USD 750 Million in 2021 and is projected to procure USD 798 Million by 2022. The market is anticipated to garner USD 1500 Million by 2032 while recording a CAGR of 6.5% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing rate of the geriatric population and hefty investments in the medical infrastructure across developing countries.
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Moreover, the growing adoption of reusable segment Unilateral Biportal Endoscopy Aviation is gaining the highest traction due to its recoverability rate and categorization based on exposure to infection risk. The growing investment in the healthcare sector backed by the favorable policies by US and Canadian hospitals is likely to boost the demand for the aforementioned market in the forthcoming period.On the contrary, owing to the high cost and lack of skilled endoscopy professionals are the prominent aspects restraining the market expansion of the global unilateral biportal endoscopy market.
Key Takeaways from the Market Study
- Unilateral Biportal Endoscopy for Decompression application segment captures the largest share of more than 40% across the globe, documenting a CAGR of 7% throughout the forecast period.
- Reusable type segment to expand at a CAGR of 6.7% during the forecast period
- Hospitals segment is likely to capture the largest market share of more than 48%
- The North American market is expected to secure USD 720 Million while expanding at a CAGR of 7%
- APAC to record a CAGR of 6.5% during the forecast period
“Increasing prevalence of chronic diseases like cancer and upward trend of adopting less invasive procedure is propelling the demand for the Unilateral Biportal Endoscopy across the world.” says an analyst at Future Market Insights
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Competitive Landscape
Key players in the global Unilateral Biportal Endoscopy market 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., Kinetix Lifesciences
Some of the recent key developments among the players are:
- In May 2022, Boston Scientific Corporation announced the worldwide commercial availability of its SpyGlass™ Direct Visualization System for single-operator duodenoscope assisted cholangiopancreatoscopy (SODAC) or visual examination of the bile ducts.
- In Jan 2022, Stryker announced completed the acquisition of all of the issued and outstanding shares of common stock of Vocera Communications, Inc. for $79.25 per share, or a total equity value of approximately $2.97 billion and a total enterprise value of approximately $3.09 billion.
- In May 2022, DLA Piperadvised CONMED Corporation in its agreement to acquire privately-held In2Bones Global, Inc. (In2Bones), on a cash-free, debt-free basis, for cash consideration of US$145 million at closing. The deal also includes an additional US$110 million in growth-based earnout payments over four years
More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Unilateral Biportal Endoscopy, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
The study reveals essential insights by Product Outlook (Reusable, Single-use), by Application (Decompression, Lumbar Central Canal Stenosis, Degenerative Lumbar Canal Stenosis, Lumbar Spinal Stenosis, Deherniation, Spinal Stabilization, Others), by End-user (Hospitals, Ambulatory Surgery Centers/Clinics, Other end-users) & Region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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Key Segments Covered in the Unilateral Biportal Endoscopy Industry Survey
Unilateral Biportal Endoscopy by Product Outlook:
- Reusable Unilateral Biportal Endoscopy
- Single-use Unilateral Biportal Endoscopy
Unilateral Biportal Endoscopy by Application:
- Unilateral Biportal Endoscopy for Decompression
- Unilateral Biportal Endoscopy for Lumbar Central Canal Stenosis
- Unilateral Biportal Endoscopy for Degenerative Lumbar Canal Stenosis
- Unilateral Biportal Endoscopy for Lumbar Spinal Stenosis
- Unilateral Biportal Endoscopy for Deherniation
- Unilateral Biportal Endoscopy for Spinal Stabilization
- Others
Unilateral Biportal Endoscopy by End-user:
- Unilateral Biportal Endoscopy in Hospitals
- Unilateral Biportal Endoscopy in Ambulatory Surgery Centers/Clinics
- Other end-users
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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