Ultrasonic Aspirator Market Trends

Growth Drivers

• Growing Incidence of Chronic Diseases Worldwide - As per the Centers for Disease Control and Prevention, six out of ten adults in the United States suffer from a chronic disease. According to WHO estimates, chronic diseases cause 41 million deaths each year, or 74% of all deaths worldwide. Chronic diseases such as cancer require more precise surgical procedures, which are enabled by ultrasonic aspirators. These instruments are used to remove tumors and other diseased tissues quickly and safely. Thus, an increasing number of chronic diseases has given rise to an increase in demand for ultrasonic aspirators.
• Increasing Healthcare Spending Worldwide - As per U.S. Centers for Medicare & Medicaid, a total of USD 6,914 was spent per person in the US in 2021, a 2.7% increase to USD 4.3 trillion, representing a portion of the Gross Domestic Product of 18.3%. As healthcare spending increases, demand for medical services and medical technology also increases. Ultrasonic aspirators are a type of medical device used in many medical procedures, such as biopsies, that require the removal of tissue.
• Significant Increase in The Number of Spinal Surgeries- Spinal surgery is becoming increasingly common owing to the rise in cases of spinal trauma, fracture, disc herniation, and other spinal disorders. In the United States, approximately 500,000 lumbar spine operations are performed each year. Ultrasonic aspirators are used in spinal surgeries for cutting and aspirating tissues. It uses high-frequency ultrasound waves to quickly and precisely remove soft tissues and bone fragments.
• Rising Demand for Ultrasonic Aspiration in Neurosurgery- Ultrasonic aspirators use focused ultrasound energy to break up and aspirate tissue. It is widely used as neurology device as it allows surgeons to precisely remove tumors and other abnormal tissue without damaging surrounding healthy tissue. According to a renowned article published in January 2021, when an ultrasonic aspirator is used in neurosurgery, the rotation of the blade tip substantially reduces the likelihood of tissue damage. 
• Increasing Rates of Gynecological Procedures - With the rising prevalence of gynecological conditions such as uterine fibroids, pelvic inflammatory disease, and polycystic ovary syndrome, more and more women are turning to minimally invasive gynecological procedures like laparoscopy, and hysteroscopy, which require an ultrasonic aspirator for tissue removal. For instance, it has been estimated that there are over 12 million laparoscopic procedures performed every year globally.

Challenges

• High cost of ultrasonic aspirators -. The high cost of ultrasonic aspirators is attributed to the expensive components used to manufacture them, such as transducers and power supplies, as well as the high cost of research and development of new technologies. This makes them more expensive than other types of aspirators, such as suction aspirators, which are less expensive to produce.
• Lack of awareness among potential customers
• Availability of alternative technologies, such as laser-based aspirators