The global Electrosurgical Devices Market will be worth USD 7.62 Billion by 2027, according to a current analysis by Emergen Research.
The global Electrosurgical Devices Market will be worth USD 7.62 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing investments of the major market players to produce technologically advanced electrosurgical devices. The high prevalence of obesity and cardiovascular diseases among the population is expected to drive the growth of the market over the forecast period.
The increase in funding of the government in order to establish innovative technologies and to improve the healthcare infrastructure is most likely to present lucrative opportunities for the market players over the forecast period. The growing number of cosmetic surgeries due to the rising investments in aesthetic procedures are projected to drive the demand for the devices. Growing awareness among the population about the advanced surgical procedure presents growth opportunities for the market players.
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Over the projected period, the shortage of trained practitioners and the high cost of surgery may become challenges to market growth. The growth of the industry is expected to be strained by strict government rules and regulations regarding product approval. Growing number of product recalls due to safety concerns would also limit the growth of the industry.
In the year 2019, North America dominated the market. The presence of a large number of players and the high level of competition in the area can be attributed to this. During the forecast period, high adoption rates of advanced technologies and the presence of skilled professionals are projected to drive market growth.
Key Highlights From The Report
- The launch of the DIRECTSENSETM technology was announced by Boston Scientific in June 2020. The technology is used for monitoring the impact of energy delivery by radio frequency (RF) during cardiac ablation procedures.
- Owing to the broad use of the bipolar method in cases relating to neurosurgery or otolaryngology, the bipolar sub-segment had the largest market share of 61.5% in the year 2019.
- There are many risks to monopolar systems, including accidental burns, tissue stimulation and current shunting, while bipolar treatments are better, even for pacemaker patients. In sensitive cases, including those related to neurology, ophthalmology, and otolaryngology, the bipolar category is expected to experience growth with its growing applications.
- The active electrodes sub-segment are expected to expand over the forecast period with the CAGR of 6.4% due to the growing technological development of active electrodes.
- Due to the rise in demand for minimally invasive procedures, the general surgery sub-segment accounted for the largest market share in electrosurgical devices industry in 2019.
- Due to rising government initiatives to develop healthcare infrastructure, the Asia Pacific region is projected to be the fastest-growing region during the forecast period.
- Key participants include Olympus Corporation, Covidien PLC, Boston Scientific, Ethicon, Inc., B. Braun Melsungen AG, Bovie Medical Corporation, Smith and Nephew, Medtronic PLC, Johnson & Johnson, and Conmed Corporation, among others.
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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
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
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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