The global electrosurgical/electrosurgery devices market size is expected to reach USD 8.17 Billion in 2028 and register a CAGR of 6.6%, according to the latest report by Reports and Data.
The global electrosurgical/electrosurgery devices market size is expected to reach USD 8.17 Billion in 2028 and register a CAGR of 6.6%, according to the latest report by Reports and Data. Key factors such as technological developments in electrosurgical devices, large geriatric population, and increasing demand for reusable and disposable electrosurgical instruments are driving global market revenue growth.
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Electrosurgery is a procedure that converts high-frequency alternating current into heat energy and is widely used in various medical surgeries to incise tissue, destroy abnormal skin growth and control bleeding. Electrosurgery has been gaining popularity in recent years due to availability of advanced electrosurgical devices and increasing demand for minimally invasive procedures. Rapidly expanding global population and increasing occurrence of various cardiovascular, gynecological, neurological disorders along with orthopedic illnesses are factors augmenting demand for electrosurgical/electrosurgery devices. In addition, increasing investments in the healthcare sector and rising funds for medical instruments by government and private organizations, improvements in healthcare infrastructure, high healthcare expenditure and rising disposable income are key factors boosting global market revenue growth. Moreover, increasing adoption of electrosurgical devices in hospitals, and rising focus of manufacturers to develop advanced coronary electrosurgical generators is expected to boost market growth in the coming years.
Some key highlights in the report:
- Based on products, the electrosurgical instruments accounted for largest revenue share throughout the forecast period. High revenue growth is attributed to factors such as availability of technologically advanced electrosurgical devices, high demand for reusable and disposable electrosurgical devices rising prevalence of cardiovascular, gynecological, neurological disorders, and rapid increase in the cosmetic and plastic surgeries
- Among the surgery type, the cosmetic surgeries segment is expected to register rapid revenue growth between 2021 and 2028 owing to factors such as increasing awareness about minimally invasive surgeries, improvements in standard of living, and high emphasis on physical appearance.
- Based on end use, the hospital segment is expected to account for significantly large revenue share during the forecast period. Increasing prevalence of various chronic diseases, improvements in the healthcare infrastructure, rising number of surgical procedures, and increasing demand for minimally invasive surgeries are key factors boosting segment revenue growth.
- The electrosurgical/electrosurgery market in North America is expected to account for largest revenue share throughout the forecast period. Factors such as well-established healthcare facilities, availability of advanced electrosurgical instruments and highly skilled healthcare professionals, and presence of key players are fueling market growth in North America.
- Asia Pacific market is expected to register fastest revenue growth over the forecast period owing to factors such as increasing prevalence of chronic disorders, large geriatric population, improving healthcare systems and infrastructure, high demand for and increasing awareness about minimally invasive surgical methods.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Medtronic, Ethicon, Inc., Olympus Corporation, B. Braun Melsungen AG, Applied Medical Resources Corporation, Apyx Medical Corporation, Boston Scientific, Smith & Nephew plc, Erbe Elektromedizin GmbH, KLS Martin, BOWA-electronic GmbH & Co KG, CooperSurgical, Inc., Zimmer Biomet Holdings, Inc., Utah Medical Products, Inc., Encision Inc., Meyer-Haake GmbH, Surgical Holdings, I. C. Medical, Inc, ATMOS Inc., Parkell, Inc., and Bissinger Medizintechnik GmbH.
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Electrosurgical/Electrosurgery Devices Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Electrosurgery Generators
- Electrosurgery Instruments & Accessories
- Electrosurgery Instruments
- Bipolar Instruments
- Advanced Vessel Sealing Instruments
- Bipolar Forceps
- Monopolar Instruments
- Electrosurgery Pencils
- Electrosurgery Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgery Accessories
- Patient Return Electrodes or Dispersive Electrodes
- Cords, Cables, and Adapters
- Others
- Argon and Smoke Management Systems
Surgery Type Outlook (Revenue, USD Billion; 2018–2028)
- Gynecology
- General surgery
- Gastroenterology
- Urology
- Cardiovascular surgery
- Cosmetic surgery
- Orthopedic surgery
- Neurosurgery
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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