Ultrasonic Aspirator Market size is estimated to reach ~USD 257 Million by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of ultrasonic aspirators was ~USD 140 Million. The growth of the market can be attributed to the growing demand for minimally invasive procedures and technological advancements in ultrasonic aspirators such as high frequency, automated systems, and improved ergonomics. It was observed that the total number of minimally invasive surgeries has increased from 133 to 280 in the past decade, which represents a significant increase of 111% from 2003 to 2019. Minimally invasive procedures are those which involve small incisions and require less time to perform than traditional open surgeries. Ultrasonic aspirators use ultrasonic energy to break up and remove tissue and can be used in these minimally invasive procedures, contributing to increased demand for these devices.
In addition to these, factors that are believed to fuel the market growth of ultrasonic aspirators include an increasing number of cosmetic and plastic surgeries and the rising prevalence of chronic diseases such as cancer and neurological disorders. According to estimates, approximately 320 surgical procedures were performed by plastic surgeons in 2021 compared to 220 in 2020. Ultrasonic aspirators use sound waves to break up fat cells, which can then be vacuumed away. This is a less invasive and more precise method of removing fat, making it ideal for cosmetic and plastic surgeries. In addition, a rise in the number of medical facilities, growing awareness about the advantages of minimally invasive surgeries, and technological advancements in surgical devices are also expected to drive market growth.
Base Year |
2022 |
Forecast Year |
2023-2035 |
CAGR |
~6% |
Base Year Market Size (2022) |
~ USD 140 Million |
Forecast Year Market Size (2035) |
~ USD 257 Million |
Regional Scope |
|
Growth Drivers
Challenges
The global ultrasonic aspirator market is segmented and analyzed for demand and supply by application into neurosurgery, gynecological surgery, brain cancers, ischemic stroke, traumatic brain injury, others. Out of these, the brain cancers segment is estimated to gain the largest market share of about ~29% in the year 2035. The growth of the segment can be attributed to the increasing prevalence of brain tumors and the rising demand for minimally invasive surgeries, owing to the benefits they offer such as reduced hospital stay, low risk of infection, and minimal post-operative pain. According to estimates, a total of 24,810 malignant tumors in the brain or spinal cord are expected to be diagnosed before the end of 2023. United States mortality from the primary cancerous brain and CNS tumors is expected to reach 18,990 (18,020 men and 7,970 women) in 2023. Moreover, the availability of advanced technology and the rising awareness regarding the benefits of minimally invasive surgeries are also expected to further propel the growth of the segment.
The global market is segmented and analyzed for demand and supply by product into standalone, and integrated. Out of these, the standalone segment is estimated to gain a significant market share of about ~45% in the year 2035. The standalone ultrasonic aspirators are more cost-effective than integrated systems, as they are not connected to any other medical devices and require fewer components. Additionally, standalone systems are more compact and easier to operate, making them ideal for use in smaller clinics and patient care settings. Furthermore, advancements in technology are also driving the growth of this segment, as they are becoming more powerful, reliable, and capable of being used in a variety of applications.
Our in-depth analysis of the global ultrasonic aspirator market includes the following segments:
By Product |
|
By Application |
|
By End User |
|
The market share of ultrasonic aspirators in North America, amongst the market in all the other regions, is projected to be the largest with a share of about ~37% by the end of 2035. The growth of the market can be attributed majorly to the increasing number of surgeries related to otolaryngology such as tonsil, nasal and sinus endoscopy, and turbinate surgery, as well as the increasing demand for minimally invasive and non-invasive procedures being performed. For instance, it is estimated that over 500,000 children in the United States have their tonsils or adenoids removed every year. The ultrasonic aspirator is a device that uses high-frequency sound waves to break up tissues, allowing them to be removed through suction. This makes it an ideal tool for treating tonsillar enlargement since it is minimally invasive and can be used to remove enlarged tonsils quickly and safely. Additionally, the rise of disposable income in North America has enabled patients to receive better healthcare services, which has in turn increased the demand for ultrasonic aspirators.
The Asia Pacific market is estimated to be the second largest, registering a share of about ~27% by the end of 2035. The growth of the market can be attributed majorly to the growing demand for microsurgeries and rising awareness among patients about the advantages of the procedure. Microsurgeries require precision, accuracy, and delicacy, so they are often performed with the help of an ultrasonic aspirator. This device uses high-frequency sound waves to break down and remove tissue, making it ideal for delicate procedures. As more and more people seek out microsurgeries, the demand for the ultrasonic aspirator is expected to increase. Additionally, the introduction of newer, more efficient and advanced systems, favorable reimbursement policies, and the growing number of surgical procedures are also driving the growth of the market in the region.
Further, the ultrasonic aspirator market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The demand for ultrasonic aspirators in the Europe is expected to be driven by the increasing prevalence of chronic disorders such as cardiovascular diseases, diabetes, and cancer coupled with the rising awareness about early diagnosis. Ultrasonic aspirators use high-frequency sound waves to break up and remove tissue, making them especially useful in surgeries involving delicate organs like the heart or lungs. The increased precision provided by this technology makes it possible to carry out complex surgeries with fewer complications. Additionally, the rising geriatric population and the increasing investments in healthcare are expected to further boost regional market growth.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Radhika Gupta, Shivam Bhutani
Ans: Increasing prevalence of chronic diseases, growing geriatric population, and technological advancements in ultrasonic aspirators are the major factors driving the market growth.
Ans: The market size of ultrasonic aspirators is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2035.
Ans: The availability of alternative technologies, such as laser-based aspirators, is estimated to be the growth hindering factor for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Stryker, Olympus Corporation, Integra LifeSciences, Sring GmbH, Biomedicon Systems India Pvt Ltd, Xcellance Medical Technologies, MISONIX, Inc., Cybersonics, Inc., Meta Dynamic, Inc., InnoSound Technologies, Inc., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product, application, end user, and by region.
Ans: The brain cancers segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Submit Your Request For Proposal (RFP)