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.
Emergen Research has published its latest report titled “Ultrasound-Guided Regional Anesthesia Market, By Probe (Linear Probe, Curved Array Probe), By Technology (Supraclavicular Block, Interscalene Block, Infraclavicular Block, Axillary Block, Femoral Nerve Block, Transversus Abdominis Plane Block), By End-use (Hospitals, Ambulatory Surgical Centers), and By Region, Forecast to 2028”
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.
Market Dynamics:
Revenue growth of the global ultrasound-guided regional anesthesia market is significantly driven by factors such as growing geriatric population worldwide, increasing prevalence of chronic and acute diseases, growing use of ultrasound-guided regional anesthesia systems for pain management, and rising volumes of orthopedic surgical procedures such as joint replacements. Growing need for postoperative pain management solutions, increasing adoption of highly advanced anesthesia systems in hospitals and ambulatory surgical centers, and rapidly advancing healthcare infrastructure are some of the other key factors driving the global market revenue growth.
Ultrasound guidance aids in nerve blocks in regional anesthesia and helps avoid the risks or complications associated with intraneuronal and intravascular injections. Anesthetists these days are increasingly turning towards ultrasound-guided regional anesthesia for real-time visualization of deep anatomical structures, and it enables them to clearly see the passing of the needle tip through tissues to ensure that it does not hit any non-target structures. Major advantages of ultrasound-guided regional anesthesia in surgical procedures are improved visualization and precise identification of target nerves. Hence, increasing demand for advanced nerve block techniques, growing use in cardiologic and gastroenterological examinations, and increasing use of the technique in obstetrics are expected to further drive market growth.
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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
Supraclavicular Block Segment Accounted for Largest Revenue Share in 2020:
The supraclavicular block segment is accounted for the largest revenue share in the global market in 2020. Increasing incidences of road accidents and fatal falls and injuries, rising number of highly invasive surgical procedures, growing awareness about the safety and efficacy of the supraclavicular block technique, and increasing application of the technique in shoulder joint replacement surgeries are factors driving revenue growth of this segment.
Hospitals Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global ultrasound-guided regional anesthesia market is segmented into hospitals and ambulatory surgical centers. The hospitals segment is projected to register the fastest revenue CAGR in the global market over the projected period. Major factors boosting revenue growth of this segment are rapid development of the healthcare infrastructure, increasing use of advanced anesthetic techniques in hospitals, rise in medical examinations and surgical procedures, and rising healthcare expenditures of individuals.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America ultrasound-guided regional anesthesia market was dominated other regional markets in terms of revenue share in the global market in 2020. Growing prevalence of chronic and target diseases, increasing volumes of orthopedic surgeries, growing demand for advanced anesthetic techniques in ambulatory surgical centers, and presence of state-of-the-art healthcare infrastructure in the region are key factors contributing to the North America market growth.
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Major Companies in the Global Ultrasound-Guided Regional Anesthesia Market Include:
- GE Healthcare
- Philips Healthcare
- B. Braun Melsungen AG
- Konica Minolta Healthcare Americas, Inc.
- Fujifilm Sonosite
- Smith’s Medical, Inc.
- Alpinion Medical Systems
- Medovate
- Vygon
For the purpose of this report, Emergen Research has segmented the global ultrasound-guided regional anesthesia market based on 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)
- Hospitals
- Ambulatory Surgical Centers
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Region Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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