Cystectomy is the surgical removal of all or part of the urinary bladder or the removal of a cyst, or the gallbladder. The market for cystectomy is driven by factors such as growing prevalence of cysts, rupture of bladder due to trauma etc. However the rise of bladder cancer is the strongest driver of the market.
According to estimates, in 2016 about 79,030 cases of bladder cancer were diagnosed in the United States making bladder cancer, the fourth most common cancer. The 5-year survival rate which is the percentage of people who live at least 5 years after being diagnosed with cancer, for bladder cancer patients was 78%. Thus, growing cure and survival rate of bladder cancer have driven the market for cystectomy due to growing confidence in treatment. American Cancer Society estimates that men are about 3 to 4 times more likely to contract bladder cancer than women. The overall chances for men developing bladder cancer is about 1 in 26 while it is about 1 in 88 for women. It was also estimated that about half of all bladder cancers are confined to the inner layers of the bladder wall which was ideal condition for minimal invasive surgery. While about 1 in 3 bladder cancers have invaded into deeper layers needing open surgery.
Product development and newer types of surgeries such as minimally invasive surgery and robotic surgeries have changed the market scape. Minimally invasive surgery being less traumatic and having a lesser footprint than open surgery is the fastest growing segment. Minimally invasive surgery require lesser stay in the hospitals which offsets the higher cost associated with the surgery.
Cystectomy is the surgical removal of all or part of the urinary bladder or the removal of a cyst, or the gallbladder.
The Cystectomy Market is expected to reach $ 1.2 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 5.5 % during 2017-2023.
The Global Cystectomy Market is segmented on the basis of cystectomy types, methodology and end users. Based on cystectomy types, the market has been segmented as partial cystectomy, simple cystectomy and radical cystectomy. Based on the methodology, the market has been segmented as open surgery, minimally invasive surgery and robotic surgery Based on the equipment, the market has been segmented as general surgical instruments, diagnostic instruments, surgical robots and others. Based on the end users, the market has been segmented as hospitals and clinics, urology centers and others.
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Key players of Global Cystectomy Market:
Zephyr Surgical Implants, Intuitive Surgical Inc., Advanced Health Care Resources, Millennium Surgical Corp., Richard Wolf Medical Instruments, Boston Scientific Corporation, Titan Medical Inc., Verb Surgical, TransEnterix and others.
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global cystectomy. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most future potential and it is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The regions of Africa are expected to witness a moderate growth due to poor economic and political conditions and poor healthcare penetration.
Major Table of Contents of Cystectomy Market with Tables and Figures:
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power of Suppliers
4.3 Bargaining Power of Buyers
4.4 Threat of New Entrants
4.5 Threat of Substitutes
4.6 Intensity of Rivalry
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