ALBANY, New York, December 18, 2017 /PRNewswire/ --
The global ultrasonic scalpels market has been prognosticated
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The global ultrasonic scalpels market has been foreseen to rise at a CAGR of 7.9% between 2017 and 2025 to attain a valuation of US$4.6 bn by the final forecast year, according to TMR. In 2016, the market had secured a valuation of US$2.3 bn. On the basis of procedure, the general surgery market has been anticipated to hold a larger share in the coming years. By region, North America could take a dominating position in the market while being worth a US$1.9 bn by 2025.
Increasing Minimally Invasive Surgical Procedures Raise Demand
The world ultrasonic scalpels market has been prophesied to achieve growth due to the rising count of minimally invasive surgical procedures performed each year. There has been a rising adoption of ultrasonic scalpels in the recent years because of the emergence of new devices in the industry, such as SONICBEAT that has been equipped with advanced technology. Furthermore, the increasing applications of ultrasonic scalpels in a wide scope of surgical procedures such as brain surgery have been foreseen to set the tone for a significant growth in the market.
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The advancement of ultrasonic scalpels leveraging the competencies of ultrasound technology has resulted in the advent of magnetic resonance imaging (MRI)-guided focused ultrasound and other new techniques for treating cancer and performing other surgical procedures.
Exorbitant Costs of Ultrasonic Scalpel Products Discourage Uptake
Vendors operating in the international ultrasonic scalpels market have been projected to face challenges due to the expensive cost of products. Moreover, extortionate expenses incurred for conducting surgical procedures and strict government regulations could hamper the demand for ultrasonic scalpels.
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Nevertheless, the constant development of novel concepts and products has been envisaged to create ample of opportunities in the international ultrasonic scalpels market. Key players such as Olympus Corporation have been taking to the adoption of ergonomic and new designs to redesign their products for facilitating surgeons with more efficiency when performing surgical procedures. The trend of offering technologically advanced products and introducing more innovations in the market could be an outcome of high brand preference among healthcare providers.
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The high growth of general surgical procedures due to a large patient pool and the rising incidence of chronic conditions such as hernia and obesity have been predicted to help the international ultrasonic scalpels market to invite more growth prospects in the coming years.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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