Hydrosurgery Systems Market
Hydrosurgery Systems Market By Component Type (System Console, Handpiece, Accessories), By Application (Chronic Wounds, Surgical Wounds, Traumatic Wounds, Burn Cases), By End User - Global Market Insights 2021 to 2031
Hydrosurgery Systems Market to Exhibit Dexterous Growth, Handpieces to Remain Highly Preferred
Improvement in healthcare policies in various countries such as the U.S. and Japan has resulted in enhanced affordability for various diagnostic and treatment services. Hydrosurgery systems are further receiving an impetus owing to the increasing occurrences of chronic and acute wounds among the elderly. Maximum number of the people diagnosed with chronic wounds are 65 and older.
A small number of people aged below 45 are diagnosed with chronic wounds. By component, handpieces are the fastest growing segment among hydrosurgery systems. Handpieces are also poised to capture a sizeable chunk of the hydrosurgery market through 2029. Handpieces are highly preferred as they are safer to maneuver at the time of surgery.
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Technological Advancements Fuel the Hydrosurgery Systems Market Growth
There are several conventional methods existing for wound debridement, such as enzymatic, autolytic, bio-debridement, surgical and mechanical methods. However, sharp debridement method using a scalpel remains the gold standard. But these techniques have some disadvantages as they are not appropriate for large surfaces, and not found optimal for saving tissue.
Advancement in surgical instruments and technological innovations such as hydrosurgery could represent an alternative method to conventional wound debridement methods especially for chronic, non-healing wounds. Consequently, such technology transformation has expected to leave a positive impact on the global hydrosurgery systems market growth.
Mergers and Acquisitions to be Key Market Imperative
The increasing demand for hydrosurgery systems at hospitals is expected to propel growth of the hydrosurgery system market. Hydrosurgery system debridement has been increasingly accepted by the surgeons vis-a-vis conventional blade debridement for the treatment of acute partial thickness burns. The hydrosurgery systems enables the surgeons to accurately remove the non-viable burn tissue in acute cases.
Growing acceptance of hydrosurgery system is expected to favor the demand for the hydrosurgery system console, handpiece and accessorie. Health care companies are increasingly focusing on mergers, acquisitions and partnerships to optimize financial and operational performance in hydrosurgery systems market. For instance, In April 2019, Smith & Nephew acquired Osiris Therapeutics, Inc. a fast growing company offers regenerative medicine products including bone graft, skin, and articular cartilage substitutes
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North America is expected to hold Large Revenue Share in the Hydrosurgery system Market
North America is expected to hold approximately 40% of the total revenue generated in the hydrosurgery system market. Technological advancements in North America will proliferate the adoption of hydrosurgery systems in this region. The North American market is poised to grow at a stellar CAGR of 9.6% through 2029. Europe is expected to hold second largest share in the hydrosurgery system market. MEA is expected to show a significant growth rate in the overall market.
COVID-19 Impact on Hydrosurgery market
As healthcare industries across the globe try to lineate the impact of COVID-19, the hydrosurgery market will face a slowdown in adoption rate. The suspension of non-essential healthcare and medical treatments have considerably decreased the number of hydro surgeries during the forecast period.
However, after the pandemic is brought under control, market players will witness an upsurge in adoption of hydrosurgery as consumers are likely to prefer advanced treatment options over conventional methods post the COVID-19 pandemic. Self-imposed lockdown is proving to be an ordeal for millennials dependent on delivery of products and services.
Healthcare institutions around the world are in need of ventilators, and personnel protective equipment. Manufacturers are encouraged to contribute in any way they can. For instance, Tesla is making efforts to procure ventilators, lithium ion batteries for hospitals.
Similarly, many organizations are contributing towards essential supplies to help control COVID-19 at the earliest. In times of financial uncertainty, it is wise to pool resources with stakeholders and contribute towards mitigating the spread of coronavirus.. Post normalization, market players will invest in industrial automation of manufacturing processes. Hydrosurgery organizations with a concrete recovery plan will gain a competitive edge post COVID-19 normalization.
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Key Segments of Hydrosurgery systems Market
Fact.MR’s study on the hydrosurgery systems market offers information divided into three important segments-component type, end user and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
By Component Type :
- System Console
By Application :
- Chronic Wounds
- Surgical Wounds
- Traumatic Wounds
- Burn Cases
By End User :
- Ambulatory Surgical Centres
- Homecare Settings
By Region :
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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