Morcellator Market: Emerging Economies Expected to Influence Growth until 2026
April 20, 2022
Apr 20, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Morcellator Market.
It was estimated prior to this unanticipated outbreak that the Morcellator Market is estimated to grow Healthy CAGR during the forecast period. A morcellator is a surgical device used to cut and remove large masses of tissues during laparoscopic surgery. It is primarily used in minimally invasive surgical procedures such as fibroid removal, laparoscopy, and hysteroscopy. The two commonly used types of morcellator include electric morcellator and power morcellator.
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Market Dynamics
The global market growth is primarily driven by widespread usage of a morcellator during gynaecological procedures such as fibroid removal and uterus removal.
- It is also used in gallbladder surgery, liver surgery, and spleen removal.
- Growing demand for minimally invasive surgical procedures while performing various surgeries such as laparoscopic surgery or liver surgery is likely to add to the market growth significantly during the review period.
- Furthermore, a growing emphasis on advanced healthcare solutions is projected to create lucrative growth opportunities for the market players over the forecast period.
- However, side effects associated with the usage of morcellator devices such as uterine cancer is likely to hamper the market growth.
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Segment Analysis
Based on end-user, the market has been divided into hospitals, ambulatory surgical centres, specialty clinics, and others.
- The hospitals' segment accounted for a substantial market share in 2020 and is projected to continue its dominance over the forecast period owing to the presence of established healthcare infrastructure and skilled healthcare professionals in the hospitals.
Regional Trends, the market in North America accounted for the largest share in 2020 owing to the presence of key market players such as Johnson & Johnson Services, Inc. (The U.S), Sheller (The U.S), and Robert J. Debry (The U.S); and high demand for technologically advanced healthcare solution.
The market in the Asia-Pacific region is projected to register a healthy growth rate on account of increasing consumer awareness and high demand for minimally invasive surgical procedures.
Key Players:
The key players in the market are:
- Lumenis (Israel),
- Nouvag AG (Switzerland),
- Karl Storz SE & Co. KG (Germany),
- Johnson & Johnson Services, Inc. (The U.S),
- Sheller (The U.S),
- Robert J. Debry (The U.S),
- Stryker Corporation (The U.S),
- Arentz Law Group (The U.S),
- Medtronic plc (The U.S),
- Olympus Corporation (Japan).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Morcellator analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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