Global Resectoscopes Market is anticipated to grow significantly in the forecast period owing to the high prevalence of urogenital disorders. Resectoscope is a surgical instrument used for operating prostate, bladder, uterus, or urethra. The instrument is used for extracting tissue for bioscopy, prevents unwanted tissue growth using surgical methods or removes the damaged or diseased tissue. Resectoscope is integrated with a camera (an angle microscope) and an extraction device (a wire loop) that visualize the surgical site for surgeons for performing surgery.
The key drivers of resectoscope industry include rise in female elderly population, increase in adoption of minimally invasive medical procedures, increase in disposable income of consumers, improvements in healthcare infrastructure, rise in gynaecological disorders, and growing number of technological advancements in the domain.
Some of the technological advancements in resectoscope instrument include integration of video-capabilities with roller ball, bipolar, roller barrel, and cutting loop electrodes, which has considerably increased the adoption of resectoscopes for medical surgeries. Rise in number of urogenital disorders, such as urinary incontinence, benign prostatic hyperplasia (BPH), hematuri, and urinary tract infection has accelerated to demand for resectoscopes.
However, growing technological advancements like microwave, lasers, Photo-selective laser vaporization of the Prostate (PVP), radio waves, and ultrasound in the substitutes for reducing the invasive aspect in urogenital disorders is hampering resectoscope segment. Nonetheless, growing and improving healthcare market in developing economies and free-trade agreements is an opportunity for the players operating in resectoscope market.
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Resectoscopes industry is categorized on the basis of electrode type, application, and geography. On the basis of electrode type, resectoscopes market is divided into bipolar, roller barrel, grooved roller, straight cutting loop, monopolar, and roller ball. Bipolar resectoscope segment is expected to hold significant share of the market owing to the security and effectiveness offered in hysteroscopic surgeries. In comparison to the monopolar resectoscope, bipolar resectoscope also offers advantages like low chances of risks by using saline solution, less bleeding while resection, better visibility, less alterations of tissue, low cost, and better cutting and coagulation by plasma of bipolar current.
In terms of application, resectoscope industry is split into Ambulance Surgery Centres (ASCs), Hospitals, Clinics, and others. Hospital segment leads the market due to improved healthcare infrastructure and better services for patients offered by the segment.
Geographically, resectoscope market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe are predicted to dominate the market in the coming years owing to high prevalence of urogenital disorders like benign prostatic obstruction (BPO) and Benign prostatic hyperplasia (BPH). Furthermore, Asia Pacific is the second largest contributor to the market due to growing elderly population, rising focus on research and development activities, and increase in number of urinary tract infections.
The key players in resectoscopes industry include Karl Storz GmbH & Co. Kg, Cook Medical, Stryker Corporation, Olympus Corporation, Hologic, Boston Scientific Corporation, EndoChoice, Medtronic, Coopersurgical, Inc, and Ethicon.
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