The global “Fluorescence Guided Surgery Systems Market: Opportunity Analysis and Future Assessment 2022-2030” issued by Reports and Insights provides authentic and first-hand data, qualitative and quantitative analysis by industry analysts, and inputs from industry experts and stakeholders across the entire chain. The research examines current market trends, macroeconomic factors, regional analysis in-depth, as well as market attractiveness by segment. The market research provides SWOT analysis of competitors comprising extraneous environment assessment and PEST study. In addition, the market analysis offers business approaches for handling with COVID-19 impact on the market.
Fluorescence Guided Surgery Systems Market, By Type (SPY system, PDE system, VS3 iridium system, Others), By Application (Head and neck cancer, Breast cancer, Non-small-cell lung cancer, Colorectal cancer, Bladder cancer, Prostate cancer, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
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The fluorescence-guided surgery systems incorporate the use of fluorescent dyes which are injected into the patient’s body before the commencement of surgery. The dye then accumulates in the cancerous tissue, making it visible under special blue light. This helps the surgeon to remove all the cancerous tissue while sparing the healthy tissue. The COVID-19 pandemic has positively influenced the fluorescence-guided surgery system taking into account the limited resources and susceptibility of cancer patients in the course of pandemic. According to the report published in Frontiers in Surgery in July 2021, the sensitivity as well as vulnerability of cancer patients during COVID-19 is greater as compared to general population. Resultantly, the fluorescence-guided surgery systems is gaining greater traction across the global markets.
As per report, the increase in the demand of surgeries especially cancer surgeries all across the world is primarily anticipated to fuel the growth of the fluorescence guided surgery systems market in the forecast period. For instance, according to CDC, in the year 2020, the total number of new cancer cases recorded was 19,292,789 among which approximately 9,958,133 number of deaths occurred across the globe, which caused an enhanced burden of cancer cases that in turn lead to the rise in number of surgical procedures, thereby propelling the adoption of fluorescence guided surgery systems market.
Furthermore, the funds provided by the government are spurring swiftly for the development of the new fluorescence-guided-systems as well as the rising commercial availability of these system influencing the adoption of the surgical procedures is likely to boost the growth of the global fluorescence guided surgery systems market in the coming years.
Despite that, the lengthy procedure of approval of these fluorescence-guided surgery systems is estimated to hinder the fluorescence guided surgery systems market growth. Moreover, the severe side effects caused by the fluoroscopy is likely to slow down the growth of the global fluorescence guided surgery systems market over the forecast period.
Reports and Insights Study identifies some of the key participating players in the fluorescence guided surgery systems market globally are Stryker, Hamamatsu Photonics K.K., Quest Medical Imaging, Medtronic, Curadel, LLC., LI-COR Biosciences, PerkinElmer, SurgiMab, OnLine Surgical, Fluoptics, among others.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Fluorescence Guided Surgery Systems
Advantages of Fluorescence Guided Surgery Systems
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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