Increasing number of surgical procedures and growing need for anesthesia, rising focus on improving patient and surgeon satisfaction and OR efficiency, and wide availability of portable ultrasound machines are some key factors expected to drive market growth
According to Emergen Research, the global ultrasound-guided regional anesthesia market size was USD 241.9 million in 2020 and is expected to reach USD 420.2 million in 2028 and register a revenue CAGR of 7.1% during the forecast period, 2021-2028.
Ultrasound allows for real-time observation of the nerve/needle interface and can be utilized in conjunction with peripheral nerve stimulation (PNS) or independently. The use of ultrasound guidance in regional anesthesia has resulted in the development of several nerve block procedures, increased usage of Peripheral Nerve Blocks (PNB), and a higher level of acceptance among surgical patients. It allows the treatment to be performed safely on anaesthetized individuals by easy determination of angle, depth, and path of the needle to the target nerve. This is a major factor expected to drive market revenue growth during the forecast period.
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In addition, increasing prevalence of chronic diseases globally, rising cases of joint injuries and increasing number of surgical procedures performed across the globe are some factors expected to contribute market revenue growth over the forecast period. Ultrasound-guided regional anesthesia speeds up recovery time after joint surgery and less use of opioids enables patients to leave within a few hours after completion of surgery. However, lack of skilled professionals for operating advanced ultrasonographic equipment and high capital investments are some factors expected to restrain market growth to a certain extent over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Linear Probe Segment Revenue to Expand at a Rapid CAGR:
Linear probe segment is expected to register a rapid revenue CAGR over the forecast period. A linear probe creates high-resolution views of structures near the body surface using high-frequency ultrasound. As a result, the linear probe is regarded as excellent probe in vascular imaging and procedures.
Hospitals Segment to Register Significant Revenue Growth:
Hospitals segment is expected to register significant revenue growth over the forecast period due to availability of advanced equipment and technologies, digitalization in healthcare industry, rising trend of day-care surgery centers and increasing government investments in healthcare infrastructure, especially during COVID-19 pandemic.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to increasing number of patients suffering from orthopedic and diabetes, rising number of ambulatory surgical centers, and rapid developments in healthcare infrastructure. In addition, ongoing research and developments activities to develop advanced ultrasound devices and favorable government policies are some other factors expected to contribute to market growth in the region.
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Major Companies in the Market Include:
- Agilent Technologies
- Neogen Corporation
- Eurofins Scientific
- LC Sciences
- Illumina Inc.
- Novogene Co. Ltd.
- Floragenex Inc.
For the purpose of this report, Emergen Research has segmented the global ultrasound guided regional anesthesia market on the basis of probe, technology, end-use, and region:
Probe Outlook (Revenue, USD Million; 2018–2028)
- Linear Probe
- Curved Array Probe
Technology Outlook (Revenue, USD Million; 2018–2028)
- Supraclavicular Block
- Interscalene Block
- Infraclavicular Block
- Axillary Block
- Femoral Nerve Block
- Transversus Abdominis Plane Block
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Ambulatory Surgical Centers
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Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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