Fact.MR, a market research and competitive intelligence provider: North America is anticipated to account for a significant share in the global hydrosurgery systems market, expanding at 9.6% CAGR over the forecast period.
North America to Account for Maximum Hydrosurgery Systems Sales, Exhibiting Growth at 9.6% CAGR through 2031
Fact.MR’s latest survey provides in-depth analysis on the micro and macro-economic indicators affecting growth in the hydrosurgery systems market. The report offers insights into governing factors along with examining the market attractiveness across various segments including component type, application, and end user for the coming years.
Fact.MR, a market research and competitive intelligence provider: North America is anticipated to account for a significant share in the global hydrosurgery systems market, expanding at 9.6% CAGR over the forecast period. Rising number of aesthetic surgical procedures and cancer treatment surgeries is propelling the for the treatment of surgical wounds.
Increasing patient inclination for adopting advanced wound treatments for reducing the wound closure time and shortening hospital stay across the U.S. is propelling the demand in the regional market. Demand for hydrosurgery systems is rapidly surging, owing to the increasing incidence of burn and traumatic wounds across the globe. According to a report by the American Burn Association (ABA), approximately 450,000 incidences of serious burn injuries are reported in the U.S. every year.
Hence, surging demand for advanced wound care solutions for reducing debridement procedures and preserving viable tissues to increasing healing pace by enhance graft take and closure is expected to accelerate the sales of hydrosurgery systems in the market.
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Increasing use of hydrosurgery systems for cleaning wounds and declining the risk of infection for chronic injuries such as Achilles tendinitis, shin splints, and diabetic ulcers is favoring the growth in the market.
In addition to this, increasing number of road accidents, especially across developing economies such as China, India, and Australia is expected to assist the market to expand at a robust CAGR between 2021 and 2031.
“Rising emphasis on the procurement of advance wound care equipment within medical infrastructures to meet the surging demand for alternative conventional wound debridement products is expected to augment the growth in the market,” says a Fact.MR analyst.
Key Takeaways from the Hydrosurgery Systems Market Study
- The U.S. is estimated to dominate the market in North America, due to increasing patient inclination towards advanced wound care products.
- Germany is forecast to register robust growth in the Europe market, owing to the presence of favorable medical reimbursement policies.
- China is projected to account for the lion’s share in East Asia market, on the back of growing incidence of burn and traumatic injuries in the country.
- In terms of component type, handpiece is expected to emerge as the most sought-after product, accounting for a major share in the market through 2031.
- Among end user segment verticals, the hospital segment is anticipated to hold a significant share in the market, favored by the presence of advanced equipment and patient care infrastructure.
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Key Drivers
- Increasing awareness regarding proper wound management and reluctance in accepting new wound care treatment technologies across the countries such as the U.S., Germany, the U.K, and others is spurring the sales of hydrosurgery systems.
- Growing emphasis on reducing trauma for treating debilitate conditions is increasing the need for minimally invasive surgical procedures, which is in turn, favoring the growth in the market.
Key Restraints
- Strict regulatory approval for launching novel hydrosurgery systems is hampering the growth of the market.
- Extravagent cost of chronic wound treatments and would care systems such as hydrosurgery systems may hinder the sales, especially across cost-sensitive regions.
Competitive Landscape
Leading companies operating in the global hydrosurgery systems market are focusing research and developing activities for launching new products to expand their product portfolio and gain competitive edge. Some of the manufacturer are aiming at collaboration, partnerships, mergers, and acquisitions optimize operational and financial performance in hydrosurgery systems market. For instance,
- In April 2019, Smith & Nephew announced acquiring a U.S.-based provider of regenerative medicine products including bone graft, articular cartilage, and skin substitutes, Osiris Therapeutics, Inc. The acquisition will assist the company to expand in product portfolio and strengthen its footprint in the market.
Some of the key players in the market profiled by Fact.MR are:
- HydroCision
- Smith & Nephew Plc.
- Erbe Elektromedizin GmbH
- Others
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More Valuable Insights on Hydrosurgery Systems Market
A recent survey by Fact.MR offers a detailed analysis on the global hydrosurgery systems market, analyzing forecast statistics for the assessment period 2021-2031. The study offers refines sales projections in hydrosurgery systems market with detailed segmentation:
By Component Type
- System Console
- Handpiece
- Accessories
By Application
- Chronic Wounds
- Surgical Wounds
- Traumatic Wounds
- Burn Cases
By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centres
- Homecare Settings
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Healthcare Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned healthcare team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the healthcare industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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