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.
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.
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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.
Competitive Outlook of the Global Electrosurgical/Electrosurgery Devices Market
The globla Electrosurgical/Electrosurgery Devices market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Electrosurgical/Electrosurgery Devices market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
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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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
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
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospital
- Ambulatory Surgical Centers
- Specialized Clinics
- Others
Geographic Segment Covered in the Report:
The Electrosurgical/Electrosurgery Devices report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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