Acknowledging its growing popularity and the market growth, Market Research Future, recently published a study report – The Global Cystectomy Market. Which indicates that the Market is booming and estimated to gain further prominence over the forecast period. Further MRFR asserts that the Market will demonstrate a massive growth by 2023, phenomenally superseding its previous growth records in terms of value with a whooping CAGR during the anticipated period. The global Cystectomy market is expected to reach $ 1.2 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 5.5 % during 2017-2023.
Market Research Future published new report, titled “Cystectomy Market -Research Report: Global Forecast till 2023”.
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.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Cystectomy Market” Research Report – Forecast to 2023.
Market Highlights of Global Cystectomy Market:
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.
According to estimates, in 2016 about 79,030 cases of bladder cancer were diagnosed in the United States making bladder cancer, the fourth most common cancer. The 5-year survival rate which is the percentage of people who live at least 5 years after being diagnosed with cancer, for bladder cancer patients was 78%. Thus, growing cure and survival rate of bladder cancer have driven the market for cystectomy due to growing confidence in treatment. American Cancer Society estimates that men are about 3 to 4 times more likely to contract bladder cancer than women. The overall chances for men developing bladder cancer is about 1 in 26 while it is about 1 in 88 for women. It was also estimated that about half of all bladder cancers are confined to the inner layers of the bladder wall which was ideal condition for minimal invasive surgery. While about 1 in 3 bladder cancers have invaded into deeper layers needing open surgery.
Product development and newer types of surgeries such as minimally invasive surgery and robotic surgeries have changed the market scape. Minimally invasive surgery being less traumatic and having a lesser footprint than open surgery is the fastest growing segment. Minimally invasive surgery require lesser stay in the hospitals which offsets the higher cost associated with the surgery.
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.
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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 market. 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.
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.
Major Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Market Dynamics
Chapter 4 Market Factor Analysis
Chapter 5 Global Cystectomy Market, By Indications
Chapter 6 Global Cystectomy Market, By Diagnosis
Chapter 7 Global Cystectomy Market, By Treatment
Chapter 8 Global Cystectomy Market, By Implants
Chapter 9 Global Cystectomy Market, By End Users
Chapter 10 Global Cystectomy Market, By Region
Chapter 11 Competitive Landscape
Chapter 12 Company Profile
Chapter 13 Conclusion
Chapter 14 Appendix
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