April 19, 2024
Ultrasonic Aspirator Market Size

Ultrasonic Aspirator Market is Expected to be Flourished by Growing Adoption in Medical Procedure

An ultrasonic aspirator is a device that uses ultrasonic vibrations and gentle suction to liquefy and remove tissue during surgery. It is commonly used in ENT surgeries for nasal and sinus procedures, neurosurgery, ophthalmic surgery, plastic and reconstructive surgery and gynecology. The ultrasonic energy emitted by the device helps in breaking down tissue into liquid form, making the aspiration gentle and safe.

The global Ultrasonic Aspirator Market is estimated to be valued at US$ 170.96 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The global Ultrasonic Aspirator Market is expected to flourish by growing adoption in medical procedure due to its advantages over traditional methods. As mentioned in the heading, ultrasonic aspirators are increasingly being used during surgeries owing to their ability to breakdown and remove tissue gently without damaging surrounding healthy cells. Additionally, rising number of surgeries such as cancer removal, hernia repair and knee replacements around the world is another key driver fueling the growth of ultrasonic aspirator market.

Segment Analysis

The Ultrasonic Aspirator Market Size is dominated by the surgery segment which holds around 65% market share. Ultrasonic aspirators are extensively used in neurosurgery, orthopedic surgery, laparoscopic surgery and others for removing blood clots, debris, dead or damaged tissues during surgical procedures. Within surgery, neurosurgery dominates the market as ultrasonic aspirators offer precise cutting and coagulation abilities required for delicate brain and spine surgeries without damaging nearby tissues.

PEST Analysis

Political: Favorable government regulations and initiatives towards minimally invasive surgeries are driving the adoption of ultrasonic aspirators. Various countries are focusing on improving healthcare infrastructure and access to advanced surgical treatments.

Economic: Rising healthcare expenditures, growing geriatric population undergoing various surgeries and increasing volume of complex surgeries are fueling the economic growth of the ultrasonic aspirator market. However, high costs of procedures and devices may slightly hamper the market growth.

Social: Growing awareness about various complex surgeries and advantages of minimally invasive procedures are positively impacting the social factors. People are widely accepting advanced surgical treatments for improved outcomes.

Technological: Leading players are investing heavily in R&D to develop advanced ultrasonic aspirator systems with improved functionality like 3D visualization, integrated cameras and sensors for real-time feedback. Introduction of ultrasonic aspirators integrated with robotics is also augmenting the market growth.

Key Takeaways

The global Ultrasonic Aspirator Market is estimated to be valued at US$ 170.96 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.

North America dominates the market currently due to strong healthcare infrastructure, availability of advanced technologies and large surgical procedures volume in the region. US accounts for the major share in the North America ultrasonic aspirator market.

Key players operating in the ultrasonic aspirator market are US Zinc, GHC, and Hindustan Zinc Ltd. US Zinc leads with over 35% market share owing to its diverse product portfolio and strong distribution network across major markets. The company is investing in developing integrated systems and collaborating with hospitals to expand its market reach.

GHC and Hindustan Zinc Ltd hold around 15-20% combined market share. GHC focuses on neurosurgery segment and offering customized solutions to hospitals. Hindustan Zinc Ltd has a strong presence in Asian countries and has launched affordable aspirator systems to penetrate price-sensitive markets.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it