According to Emergen Research, the global electrosurgical devices market size was USD 4.80 billion in 2019 and is expected to reach USD 7.62 billion in 2027 and register a revenue CAGR of 6.3% during the forecast period.
Emergen Research has published its latest report titled “Electrosurgical Devices Market By Method (Bipolar, Monopolar), By Product (Active electrodes, Electrosurgical Generators, Dispersive Electrodes, Electrosurgical Instruments and Accessories), By Surgery Type (Gastroenterology, General surgery, Gynecology, Cosmetic, Neurosurgery, Cardiovascular, Urology, Orthopedic, Others), and Region Forecasts to 2027.”
According to Emergen Research, the global electrosurgical devices market size was USD 4.80 billion in 2019 and is expected to reach USD 7.62 billion in 2027 and register a revenue CAGR of 6.3% during the forecast period.
Market Dynamics:
Electrosurgical devices are widely used in medical disciplines including general surgery, gastroenterology, gynecology, neurosurgery, cosmetic, cardiovascular, urology for controlling bleeding and rapidly incising soft tissue during the surgery. This is accomplished by providing a high-frequency spark between the probe and surgical site causing localized heating and destruction to the soft tissue. This technique is highly preferred over traditional surgical procedures due to low risks to patients, low chances of infection and faster recovery rate. Factors such as high prevalence of chronic diseases such as cardiovascular diseases, cancer, diabetes, increasing number of cosmetic surgeries across the globe, and growing geriatric population are driving global market revenue growth. In addition, increasing awareness about advanced surgical procedures, rising investments in aesthetic procedures and increasing investments in research and development activities are other factors expected to fuel market during the forecast period.
However, stringent government norms for product approvals, increasing number of product recalls, and risks such as unintended burns, current shutting associated with monopolar electrosurgical devices are key factors expected to hamper overall market growth to a certain limit during the forecast period.
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COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Electrosurgical Generator Segment to Register Steady Revenue Growth:
The electrosurgical generator segment is expected to register steady revenue growth over the forecast period. This can be attributed to increasing number of minimally invasive surgeries, rising adoption of latest electrosurgical generator units with integrated bipolar/monopolar modes, and high demand for electrosurgical generator units in hospital outpatient services and ambulatory surgical units.
General Surgery Segment to Account for Largest Revenue Share:
The general surgery segment is expected to account for largest revenue share during the forecast period owing to increasing prevalence of various chronic diseases and obesity worldwide, growing geriatric population, and availability of latest electrosurgical devices in moderate to large scale healthcare centers. In addition, increasing number of surgical procedures, and rising adoption of minimally invasive procedures are expected to drive revenue growth of the segment going ahead.
North America to Lead in Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market owing to factors such as increasing prevalence of various chronic diseases, rising number of surgeries, presence of well-developed healthcare facilities and well-trained staff and rapid technological advancements. Other factors such as increasing demand for minimally invasive techniques, rising geriatric population, high focus on developing advanced electrosurgical devices, and presence of leading market players are expected to fuel market growth in North America going ahead.
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Major Companies in the Market Include:
- Olympus Corporation
- Covidien PLC,
- Boston Scientific,
- Ethicon, Inc.
- B. Braun Melsungen AG
- Bovie Medical Corporation
- Smith and Nephew
- Medtronic PLC
- Johnson & Johnson
- Conmed Corporation
For the purpose of this report, Emergen Research has segmented the global electrosurgical devices market on the basis of method, product, surgery type, and region:
Method Outlook (Revenue, USD Billion; 2017-2027)
- Bipolar
- Monopolar
Product Outlook (Revenue, USD Billion; 2017-2027)
- Active electrodes
- Electrosurgical Generators
- Dispersive Electrodes
- Electrosurgical Instruments and Accessories
Surgery Type Outlook (Revenue, USD Billion; 2017-2027)
- Gastroenterology
- General surgery
- Gynecology
- Cosmetic
- Neurosurgery
- Cardiovascular
- Urology
- Orthopedic
- Others
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
Reasons to buy the report:
- This study segments the Electrosurgical Devices market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Electrosurgical Devices sectors.
- This Electrosurgical Devices report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Electrosurgical Devices market.
Key features of the report:
- To study the key aspects impacting the Electrosurgical Devices market size.
- To identify growth prospects in the Electrosurgical Devices market.
- To analyze the Electrosurgical Devices market segments and deduce the dominant trends observed in the industry.
- To examine the Electrosurgical Devices market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Electrosurgical Devices market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Electrosurgical Devices Market Segmentation & Impact Analysis
4.1. Electrosurgical Devices Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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