In 2023, the global epidural guidance systems market is expected to be worth USD 1.17 billion. The market is expected to reach USD 4.22 Billion by 2033, expanding at a 13.7% CAGR throughout the forecast period. The epidural guidance systems industry is driven by several factors, including improved workflow efficiency, increasing number of surgical procedures & advancements in guidance systems.
There is a growing demand towards minimally invasive procedures in healthcare. This trend extends to epidural procedures as well, with healthcare providers seeking methods that reduce patient trauma, pain, and recovery time. Epidural guidance systems are enabling the adoption of minimally invasive approaches by improving accuracy and reducing complications associated with epidural anesthesia.
Robotics and automation are being integrated into epidural guidance systems to enhance precision and streamline the procedure. Robotic systems can assist in needle insertion and positioning, reducing the dependency on manual techniques. Automation features, such as needle advancement and retraction, can improve the efficiency and consistency of epidural needle placement.
The development of wireless and portable epidural guidance systems is gaining traction. These systems offer greater mobility and flexibility, allowing healthcare providers to perform epidural procedures in various clinical settings. Wireless connectivity enables seamless data transfer, remote monitoring, and collaboration, enhancing efficiency and accessibility.
Key Takeaways from the Small molecule-drug conjugates Market:
- The epidural guidance systems industry in the United States is predicted to reach USD 1,321.3 billion by 2033, increasing at a 13.0% CAGR.
- The epidural guidance systems industry in the United Kingdom is estimated to reach a market share of USD 209.5 million, expanding at a CAGR of 13.2% by 2033.
- During the forecast period, the epidural guidance systems industry in China is expected to reach a market share of USD 502.6 million, securing an 13.6% CAGR by 2033.
- The epidural guidance systems industry in Japan is predicted to reach USD 330.0 million by 2033, increasing at a 13.5% CAGR.
- South Korea’s epidural guidance systems industry is predicted to achieve a market share of USD 279.9 million in 2033, rising at a 14.2% CAGR during the forecast period.
- With a CAGR of 13.0% from 2023 to 2033, the ultrasound segment is expected to dominate the epidural guidance systems industry.
- Standalone devices dominated globally in 2022 and are likely to grow at a CAGR of 12.7% over the forecast period.
- With a CAGR of 13.5% from 2023 to 2033, the pain management is expected to dominate the epidural guidance systems industry.
- Treatment for thoracic region takes the prominent share in 2022 and is expected to grow at a CAGR of 13.7% between 2023 and 2033
- With a CAGR of 13.5% from 2023 to 2033, the hospital is expected to dominate the epidural guidance systems industry.
Growing Market Interest: Explore Comprehensive Insights and Trends with Our Detailed Report!
How the Competition Look in the Small molecule-drug does conjugates Market?
The epidural guidance systems sector is a very competitive one, with many firms fighting for market share. Several significant participants in this industry comprise The MULTIVAC Group, Shenzhen Ricso Technology Co. Ltd., BMV, ERTUNÇ ÖZCAN, KOELIS, Konica Minolta, Inc., MLR System GmbH, BK Medical Holding Company, Inc., Northern Digital Inc., Koninklijke Philips N.V., FUJIFILM Sonosite, Inc. & Jiangsu Dawei Medical among other companies.
The major businesses are heavily spending in R&D efforts to create innovative and inventive goods with enhanced effectiveness, dependability, and affordability. They are also focusing on expanding their product line and strengthening their distribution methods in order to fulfil shifting consumer expectations.
Tactical alliances and partnerships with other companies are becoming more common in the industry, allowing parties to leverage one another’s strengths and expand their market influence.
Leading firms use consolidation and mergers to strengthen their market position and gain entry into new markets. The sector is expanding significantly in developing economies, particularly in India and China.
To boost their presence in these regions, major companies are expanding their distribution networks and building regional manufacturing sites. They are also concentrating on offering cost-effective solutions to customers in these markets in order to get a competitive advantage.
Key Developments in the Epidural Guidance Systems Market:
- In February 2022, Multivac has announced a €6.8 million ($7.72 million) investment to establish an innovative building complex in India for both sales and production.
- In September 2022, With the purchase of BK Medical and the expansion of its surgical visualization technology, GE Healthcare wants to take its ultrasound business beyond the exam room to the operating room.
Segmentation Analysis of the Epidural Guidance Systems Market:
By Technology:
- Ultrasound
- Fluoroscopy
- Image Guidance
- Others
By Modality:
- Portable
- Standalone
By Application:
- Pain Management
- Painless Delivery
- Thoracic Surgery
- Spine Surgery
- Orthopedic Surgery
- Organ Transplantation Surgery
- Abdominal Surgery
By Spinal Region:
- Cervical
- Thoracic
- Lumber
By End User:
- Hospitals
- Specialty Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
