Global Electrosurgical Device Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz, in its upcoming report titled, “Global Electrosurgical Device Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”, offers in-depth insights, revenue details, and other vital information regarding the electrosurgical device and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the electrosurgical device market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The electrosurgical device market has been segmented on the basis of technique type, application, end use verticals and region. The electrosurgical device market is projected to expand at a CAGR of X.X% from 2018 to 2027, and is expected to reach US$XXX million by the end of 2027.
With rapid growth of medical field changes in the last decade, a larger percentage of surgical procedures are shifting from conventional operating room to doctors’ offices and clinics. In electro surgery , the generator converts electricity to high frequency wave to create the voltage for the flow of electrosurgical current. Electro surgery is a widely used surgical technology that pass high-frequency electric current through tissue in order to cut or seal the tissue. Physicians using this technique must be well-versed about managing the complications of using electrosurgical procedures. The instrument delivers electric current through active electrode which charge the target tissue. Higher current densities and less duration of exposure cause less damage, while lower current densities and longer exposure cause more damage. An important factor to be taken into consideration while performing electro surgery is the distance between active electrode and target tissue. The electrosurgical instrument is used in various therapeutic area including dermatology, plastic surgery, gynecology, ophthalmology, urology, otolaryngology, dental, veterinary etc. The methods for which electro surgical device are use include, cut, coagulate, incision, for destroying tissue and for sealing layers of tissue. Electrosurgical procedures may or may not be performed with the patient under anesthesia and are primarily applied to the affected areas of patient. Electrical current is delivered to the affected area and the surrounding tissue is heated to cause cuts, sealing, vaporization, or damaged tissue
According to WHO estimates, the global geriatric population is expected to reach around 2 billion (22% of global population) by 2050 and was around 962 million in 2017. Geriatric population is more prone to several diseases such as cancer, cardiac arrest, gastrointestinal diseases etc. Hence the demand of electrosurgical procedures for minimally-invasive surgeries treatment, which provide faster healing as compared to conventional methods. This is anticipated to drive the growth of electrosurgical devices. In addition, increase in heath expenditure, demand for effective medical procedure, ease usage, minimum chance of infection, increasing adaption of technologically advanced product and increasing number of surgical procedures are other factors that is anticipate to drive the demand of electro surgical device globally.
Health care reform policies and reimbursement scenario, risk associated with the usage of electrosurgical devices and product recalls are some factors that are expected to hamper the growth of the electrosurgical device market.
Some of the institutes are currently researching the effects as well as the safety of electrosurgical devices. For instance, National Science foundation is sponsoring the electrosurgical research through its The Civil, Mechanical and Manufacturing Innovation (CMMI) research division. Increasing adoption for electrosurgical device market across hospitals across the globe is the ongoing trend witnessed due to increase in demand for minimal invasive surgery, increase in incidence of disease and faster healing time which is expected to drive the market growth in the near future.
The global electrosurgical device market report has been segmented on the basis of technique type, application, end use vertical and region. On the basis of region, the global electrosurgical device market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the most lucrative segment owing to the rising number of surgical procedure, easy availability of products and increase in geriatric population. The market in Asia Pacific like India and china is projected to have fastest growth with highest CAGR, owing to increasing adoption electrosurgical device and increase in incidence of disease.
Segmentation on the basis of technique type:
- Monopolar Electrosurgery
- Bipolar Electrosurgery
- Argon plasma coagulation
Segmentation on the basis of application type:
- General Surgery
- Dermatology & Cosmetology
- Others including, orthopedics, neurology, oncology, dentistry, gastrointestinal surgery etc
Segmentation on the basis of end use verticals:
- Ambulatory Surgical Centers
- Specialized Clinics
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BOWA-electronic GmbH & Co. KG.
- Boston Scientific Corporation
- ERBE Elektromedizin GmbH
- KLS Martin LP
- Olympus Medical Systems Corp.
- Bovie Medical Corporation
- Symmetry Surgical Inc.
- Braun Melsungen AG
- Megadyne Medical Products, Inc.
- Medtronic plc.
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