Cystectomy Market Outlook 2019 Growing Technology, Trends by Major Manufacturers

Posted by Rohit Kamble on March 26th, 2019

Cystectomy Market Information: by cystectomy types (radical cystectomy) by methodology (open surgery, minimally invasive surgery, robotic surgery) by equipment (diagnostic instruments, surgical robots, others) by end users - Global Forecast till 2023 

Market Overview

Innovations seen in several surgical procedures especially cystectomy have increased patient’s willingness to opt for such procedures when diagnosed with the relevant symptoms. Market reports connected with the healthcare industry have been made accessible by Market Research Future who publishes reports on other sectors that have been recently put out along with a report on this industry.

The market is predicted to gross revenues worth $ 1.2 billion by the end of 2023 while this market is anticipated to advance at a CAGR of 5.5 % in the forecast period.

The market growth is reinforced by the development of the pharmaceutical sector which has led to the availability of effective antibiotics which aid in the aftercare stages of these procedures. The decline in the perioperative mortality rate of cystectomy is adding to the number of patients opting for these procedures and will thus significantly transform market expansion over the forecast period.

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Segmental Analysis:

The cystectomy market is segmented on the basis of methodology, cystectomy types, and end users. On the basis of cystectomy types, the market has been segmented into simple cystectomy, partial cystectomy, and radical cystectomy. By methodology, the market has been segmented into minimally invasive surgery, open surgery, and robotic surgery. Based on the equipment, the market has been segmented into diagnostic instruments, general surgical instruments, surgical robots, and others. By end users, the market has been segmented into urology centers, hospitals and clinics, and others.

Competitive Analysis:

The noteworthy contenders in the market for cystectomy are Intuitive Surgical Inc., Zephyr Surgical Implants, Millennium Surgical Corp., Richard Wolf Medical Instruments, Advanced Health Care Resources, Boston Scientific Corporation, Verb Surgical, Titan Medical Inc., TransEnterix and others.

Regional Analysis:

The North American region accounts for the majority market share owing to the favorable compensation scenario in the healthcare sector and escalated spending on healthcare. The quicker uptake of new technology in countries such as the US is also a significant driver of the market for cystectomy. The European region is the next principal market owing to the huge levels of disposable income and growing awareness. The Asia Pacific region is projected to have the most future possibility, and it is projected to be led by countries such as China and India. The Middle East & Africa market is controlled by the Gulf nations chiefly UAE and Saudi Arabia. The regions in Africa are likely to observe moderate growth owing to inadequate economic and political situations and meager healthcare penetration.

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Rohit Kamble

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Rohit Kamble
Joined: February 25th, 2019
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