Cystectomy is the surgical removal of all or part of the urinary bladder or the removal of a cyst, or the gallbladder.
The market for cystectomy is driven by factors such as growing prevalence of cysts, rupture of bladder due to trauma etc. However, the rise of bladder cancer is the strongest driver of the market. The market constraints are risk of infection which may lead to inflammation of the abdomen membrane. In case of partial cystectomy, there is a risk of urine leakage from the bladder incision site. Other risks include complications and pain associated with cystectomy and cancer recurrence after cystectomy.
Considering all these factors, the cystectomy market is expected to reach USD 1.2 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 5.5 % during 2017-2023.
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The global cystectomy market is segmented on the basis of cystectomy types, methodology and end users. Based on cystectomy types, the market has been segmented as partial cystectomy, simple cystectomy and radical cystectomy. Based on the methodology, the market has been segmented as open surgery, minimally invasive surgery and robotic surgery Based on the equipment, the market has been segmented as general surgical instruments, diagnostic instruments, surgical robots and others. Based on the end users, the market has been segmented as hospitals and clinics, urology centers and others.
Regional analysis
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global cystectomy. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most future potential and it is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The regions of Africa are expected to witness a moderate growth due to poor economic and political conditions and poor healthcare penetration.
Key players of Global Cystectomy Market:
Key players profiled in the report are Zephyr Surgical Implants, Intuitive Surgical Inc., Advanced Health Care Resources, Millennium Surgical Corp., Richard Wolf Medical Instruments, Boston Scientific Corporation, Titan Medical Inc., Verb Surgical, TransEnterix and others. The report for Global Cystectomy Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
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