Press Release

Oct, 05 2023

Rise of Minimally Invasive Surgery Drives the Demand for Global Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market

The escalating prevalence of diseases linked to the liver and pancreas has emerged as a pivotal factor propelling the market growth. In recent years, the healthcare landscape has witnessed a notable surge in conditions such as liver cirrhosis, hepatocellular carcinoma, pancreatic cancer, and chronic pancreatitis among others. This surge in diseases affecting the liver and pancreas has created a substantial demand for advanced surgical interventions and innovative medical devices. The healthcare industry is witnessing a surge in the number of HPB surgeries performed as these hepato-pancreatic conditions become more prevalent across the globe. These surgical procedures necessitate a range of specialized devices and instruments designed to facilitate complex surgeries, minimize risks, and improve patient outcomes. 

Consequently, the increasing demand for HPB surgeries and the corresponding need for surgical devices have collectively propelled the market growth. This trend is likely to persist as healthcare professionals and medical device manufacturers continue to innovate and improve surgical techniques and devices for better patient care. Thus, the rising incidence of liver and pancreas-related diseases is expected to drive market growth.

Access Full Report at @ https://www.databridgemarketresearch.com/ar/reports/global-hepato-pancreatico-biliary-hpb-surgeries-surgical-devices-market

Data Bridge Market Research analyzes that the Global Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market is expected to grow with a CAGR of 8.5% in the forecast period of 2023 to 2030 and is expected to reach USD 8,375,489.91 thousand by 2030. The product segment is projected to propel the market growth as increasing demand for hepato-pancreatico-biliary (HPB) surgeries surgical devices worldwide.

Key Findings of the Study

Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market

Incorporation of AI Technology in Surgical Devices   

The incorporation of AI (Artificial Intelligence) technology into surgical devices presents a remarkable opportunity for market growth. AI has the potential to revolutionize the field of HPB surgery by enhancing precision, improving patient outcomes, and reducing the overall complexity of these intricate procedures. AI can assist surgeons in several ways, such as image analysis for better preoperative planning and intraoperative guidance. Machine learning algorithms can process vast amounts of medical data, enabling more accurate diagnoses and surgical strategies tailored to each patient's unique anatomy. During surgery, AI-powered surgical devices can provide real-time feedback and assistance to surgeons, helping them make more informed decisions and execute precise movements.

Integration of AI into surgical devices holds immense promise for the HPB surgeries and surgical devices market as AI technology continues to advance, attracting healthcare providers and surgeons looking to improve the quality of care they provide, which is expected to create opportunities for market growth. 

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD thousand

Segments Covered

 Product (Electrosurgery Instruments, Endoscope, Visualization and Robotic Surgical System, Hand Instruments, Access Instruments, Surgical Suture and Stapler Devices, Energy/Vessel Sealing Devices, Fluid Management System, Stents and Others), Indication (Liver Cancer, Pancreatic Cancer, Bile Duct Cancer, Gallstones, Pancreatitis, Cirrhosis, Cholesystitis and Others), Type of Surgery (Open surgery and Minimally-Invasive Surgery), Age Group (Pediatric, Adults and Geriatrics), End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Trauma Centers and Others), Distribution Channel (Direct Tenders, Retail Sales and Others)    

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Hungary, Lithuania, Austria, Ireland, Norway, Poland, Italy, Spain, Russia, Turkey, Netherlands, Switzerland and Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Kuwait, Israel, Rest of Middle East and Africa, Brazil, Argentina, Peru, Colombia, Venezuela and Rest of South America    

Market Players Covered

Medtronic (Ireland), Cook (U.S.), Olympus Corporation (Japan), B. Braun SE (Germany), HOBBS MEDICAL INC. (U.S.), TeleMed Systems, Inc. (U.S.), Comepa (France), Boston Scientific Corporation (U.S.), CONMED Corporation (U.S.), BD (U.S.), CooperSurgical Inc. (U.S.), KARL STORZ (Germany), Terumo Europe NV (Belgium), Medorah Meditek Pvt. Ltd (India), STERIS (U.S.), Medi-Globe GmbH (Germany), Mediflex Surgical Products (New York), Thompson Surgical (U.S.), FUJIFILM Corporation (Japan) Johnson & Johnson Services, Inc. (U.S.) and among others 

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. 

Segment Analysis

The global hepato-pancreatico-biliary (HPB) surgeries surgical devices market is segmented into six notable segments based on product, indication, type of surgery, age group, end user, and distribution channel.

  • On the basis of product, the market is segmented into electrosurgery instruments, endoscope, visualization and robotic surgical system, hand instruments, access instruments, surgical suture and stapler devices, energy/vessel sealing devices, fluid management systems, stents and others.    

In 2023, electrosurgery instruments segment is expected to the dominate the global hepato-pancreatico-biliary (HPB) surgeries surgical devices market  

In 2023, electrosurgery instruments segment is expected to dominate the market with 27.36% market share due to most preferred product from the healthcare professionals.

  • On the basis of indication, the market is segmented into liver cancer, pancreatic cancer, gall stones, bile duct cancer, cirrhosis, pancreatitis, cholesystitis and others.  

In 2023, liver cancer segment is expected to dominate the global hepato-pancreatico-biliary (HPB) surgeries surgical devices market  

In 2023, liver cancer segment is expected to dominate the market with 26.73% market share due to changes in lifestyle and increasing alcohol consumption.    

  • On the basis of type of surgery, the market is segmented into open surgery and minimally-invasive surgery. In 2023, open surgery segment is expected to dominate the market with 71.55% market share.
  • On the basis of age group, the market is segmented into adults, geriatrics, and pediatric. In 2023, adults segment is expected to dominate the market with 61.77% market share.  
  • On the basis of end user, the market is segmented into hospitals, specialty clinics, trauma centers, ambulatory surgical centers, and others. In 2023, hospitals segment is expected to dominate the market with 73.50% market share.
  • On the basis of distribution channel, the market is segmented into direct tenders, retail sales, and others. In 2023, direct tenders is expected to dominate the market with 71.42% market share.  

Major Players

Data Bridge Market Research analyzes Medtronic (Ireland), Cook (U.S.), Olympus Corporation (Japan), B. Braun SE (Germany), HOBBS MEDICAL INC. (U.S.), TeleMed Systems, Inc. (U.S.), as the market players in the global hepato-pancreatico-biliary (HPB) surgeries surgical devices market.

Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market

Market Developments

  • In August 2023, Boston Scientific Corporation declared the POLARxTM Cryoablation System has been given U.S. Food and Drug Administration (FDA) approval. The new system uses the POLARx FIT Cryoablation Balloon Catheter, a device with the unusual ability to enable two balloon sizes—28 and 31mm—in one catheter. This catheter is indicated for the treatment of patients with paroxysmal atrial fibrillation (AF). This sort of approval of newly launched products will help the company gain more brand value and customer reliability.
  • In September 2022, CONMED Corporation announced that Curt R. Hartman, Chair of the Board, President, and Chief Executive Officer, and Todd W. Garner, Executive Vice President and Chief Financial Officer, will take part in a fireside chat at the 20th Annual Morgan Stanley Global Healthcare Conference, which will take place on September 13, 2022. This sort of participation has helped the company gain more recognition among competitors and customers.
  • In April 2022, FUJIFILM Corporation announced the availability of Sonosite LX, the industry leader’s latest premium point-of-care ultrasound system in Canada. This helped the company to expand its product portfolio.
  • In August 2021, Cook Medical announced that it was expanding its Illinois facility and is hiring over 100 manufacturing employees and five professional positions at its facility in Canton, Illinois. The expanded manufacturing capabilities will help Cook meet patient and customer demand for its medical devices.
  • In July 2021, BD, announced it has acquired Tepha, Inc., a leading developer and manufacturer of a proprietary resorbable polymer technology. This strategic acquisition advances BD's category leadership in surgical mesh and enables future innovations to provide new solutions to physicians and their patients.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Hungary, Lithuania, Austria, Ireland, Norway, Poland, Italy, Spain, Russia, Turkey, Netherlands, Switzerland and Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Kuwait, Israel, Rest of Middle East and Africa, Brazil, Argentina, Peru, Colombia, Venezuela and Rest of South America.      

As per Data Bridge Market Research analysis:

North America is expected to dominate the global hepato-pancreatico-biliary (HPB) surgeries surgical devices market

North America region is expected to dominate the market owing to the higher level of investments by manufacturers and increasing application of hepato-pancreatico-biliary (HPB) surgeries surgical devices for refrigeration. North America will continue to dominate the hepato-pancreatico-biliary (HPB) surgeries surgical devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology and launch of new products globally. In addition, the increasing demand for hepato-pancreatico-biliary (HPB) surgeries surgical devices and advancement in hepato-pancreatico-biliary (HPB) surgeries surgical devices are expected to further enhance the market's growth rate in this region. 

Asia-Pacific is the fastest growing region in global hepato-pancreatico-biliary (HPB) surgeries surgical devices market the forecast period 2023-2030

Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and rapid development in pharmaceutical industries in this region. In addition to this, rising strategic initiatives by major market players in the region are expected to propel the market's growth rate in this region.

For more detailed information about the global hepato-pancreatico-biliary (HPB) surgeries surgical devices market report, click here – https://www.databridgemarketresearch.com/ar/reports/global-hepato-pancreatico-biliary-hpb-surgeries-surgical-devices-market


CHOOSE LICENCE TYPE

  • 7000
  • 4800
  • 3000
  • 8000
  • 12000
Banner

Client Testimonials