According to FutureWise analysis the market for unilateral biportal endoscopy in 2023 is US$ 0.33 billion, and is expected to reach US$ 0.55 billion by 2031 at a CAGR of 6.6%.
The overall growth is likely to be driven by rising demand for minimally invasive or key-hole procedures for diagnostic and therapeutic purposes. The emergence of advanced imaging technologies is projected to positively influence the market for unilateral biportal endoscopy in the forecasting years, as it complements the growing desire for minimally invasive surgeries. Advanced image-guided technologies, flexible radiolucent spinal implants, 3D printing of disc tissue, and bone fusion are just a few of the breakthroughs. The use of computer-assisted image guidance for spine localization is constantly improving, and real-time imaging datasets are now available. Furthermore, these developments are focused on the creation of less invasive surgical techniques, the preservation of motion in the operated spinal segment, the minimization of postoperative discomfort and problems, and the reduction of recovery time. The need for unilateral endoscopic operations is predicted to rise due to advancements in robotic surgery and visually improved endoscopic procedures. For example, Auris Health, Inc. got FDA certification for their Monarch Platform robotic endoscopic system in March 2018. Furthermore, rising knowledge of the benefits of these procedures, such as shorter hospital stays, shorter operating times, less collateral tissue damage, and faster recovery, is driving demand and driving market growth. Over the projected period, the rising number of healthcare institutions such as hospitals, ambulatory surgery centres, and specialty clinics is expected to enhance demand for unilateral biportal endoscopies. Furthermore, endoscopists performing minimally invasive surgeries in these outpatient settings are increasing to a growing number among healthcare-owned and managed ambulatory surgery centres.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Unilateral Biportal Endoscopy Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Unilateral Biportal Endoscopy Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.