PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392069
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392069
Global Plasma Resectoscope Market size is estimated to be valued at US$ 303.5 Mn in 2023 and is expected to reach US$ 471.7 Mn by 2030, by exhibiting a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 303.5 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 6.50% | 2030 Value Projection: | US$ 471.7 Mn |
Plasma resectoscope is a specialized medical tool which is used in urological treatments, specifically for the treatment of benign prostatic hyperplasia (BPH). Transurethral resection of the prostate (TURP) is a minimally invasive surgery that uses cutting-edge plasma energy technology to accurately remove extra prostate tissue. The plasma resectoscope has a thin and flexible tube with a cutting loop or electrode that uses plasma energy to vaporize and coagulate prostate tissue, thereby relieving urinary problems which are brought on by an enlarged prostate. With the help of the plasma resectoscope, lesions in the bladder, prostate, or urethra can be electrosurgically removed through the urethra.
Increasing incidence of benign prostatic hyperplasia (BPH) continues to fuel growth of the global plasma resectoscope market over the forecast period. The plasma resectoscope market is significantly influenced by the rising prevalence of BPH which is a common ailment in older men that is marked by prostate gland enlargement. In September 2022, according to an article published by Heighten Science Publications Inc, a digital publishing journal, benign prostrate hyperplasia (BPH) affects around 50% of men in India by the age of 60. The prostate is the second most common site of cancer in males in large Indian cities such as Delhi, Kolkata, Pune, and Thiruvananthapuram, and the third most common site of cancer in areas such as Bangalore and Mumbai.
Product innovation and technological progress continues to fuel growth of the global plasma resectoscope market over the forecast period. The market for plasma resectoscopes is expanding as a result of ongoing technological developments and product innovations. The development of additional urological procedures will create new opportunities for the global plasma resectoscope market over the forecast period. Devices called plasma resectoscope can be used to treat urethral strictures, bladder tumors, and other urological disorders.
The high cost of plasma resectoscope procedures is expected to hamper growth of the global plasma resectoscope market over the forecast period.
Global Plasma Resectoscope Market Detailed Segmentation: