Increasing number of surgeries, rising awareness about benefits of ultrasound guided regional anesthesia over traditional methods, and high prevalence of orthopedic disorders, diabetes, cardiovascular diseases across the globe are some key factors expected to fuel market growth
Increasing number of surgeries, rising awareness about benefits of ultrasound guided regional anesthesia over traditional methods, and high prevalence of orthopedic disorders, diabetes, cardiovascular diseases across the globe are some key factors expected to fuel 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 steady CAGR of 7.1% during the forecast period, 2021-2028.
Market Dynamics:
Ultrasound-guided regional anesthesia rapidly becoming the gold standard for peripheral nerve blockade as it helps anesthesiologists with real-time visualization of neural structures, local anesthesia speed, and advanced needles. Ultrasound provides real-time imaging of peripheral nerves and identifies tissue planes for favorable local and regional anesthesia distribution for conduction block. Various data suggest that ultrasound-guided regional anesthesia has more success rate and requires less performance time as compared to traditional approaches. This approach enables anesthesiologists to administer anesthesia swiftly, effectively, and safely.
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Factors such as rising number of ambulatory surgical centers across the globe, growing adoption of ultrasound-guided regional anesthesia in many multispecialty hospitals and ambulatory care centers, and improving overall healthcare infrastructure are expected to drive global market revenue growth. In addition, increasing healthcare spending, rising availability of funds by public and private sectors, and ongoing research on developing advanced ultrasound devices are expected to fuel market growth going ahead.
However, lack of skilled professionals for operating ultrasonographic equipment, requirement of high initial investments, and inaccessibility to latest devices due to budget constraints in many developing and underdeveloped economies are some key factors that can restrain global market growth during 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
Supraclavicular Block Segment to Account for Largest Revenue Share:
The supraclavicular block segment is expected to account for largest revenue share between 2021 and 2028 owing to increasing number of road accidents affecting shoulder or upper extremities, increasing healthcare spending, and rapid advancements in supraclavicular block technology.
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Ambulatory Surgical Centers Segment To Register Robust Revenue Growth:
The ambulatory segment is expected to register robust revenue growth during the forecast period. This can be attributed to increasing burden of various diseases, rising number of ambulatory surgical centers across the globe, rapid adoption of advanced ultrasound guided regional anesthesia, and increasing preference for ambulatory care centers due to low costs, and one-day discharges.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market between 2021 and 2028. This can be attributed to factors such as increasing prevalence of targeted diseases, rising number of ambulatory surgical centers and hospitals in the US and Canada, and presence of well-developed healthcare infrastructure.
Major Companies in the Market Include:
- Philips
- B. Braun Melsungen AG
- Medovate
- Konica Minolta Healthcare Americas, Inc.
- GE Healthcare
- Alpinion Medical Systems
- Fujifilm Sonosite
- Havel’s
- Smith’s Medical, Inc.
- Vygon
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For the purpose of this report, Emergen Research has segmented the global ultrasound guided regional anesthesia market on the basis of components and services, communication, 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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Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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