Global Electrosurgical Devices Market By Product Type (Electrosurgery Generators, Electrosurgery Instruments and Other), By Technique Type (Monopolar Electrosurgery and Other), By Application (General Surgery, and Other) and By Region - Forecast 2030

“Global Electrosurgical Devices Market” is the title of a recently published market report compiled by MarketResearch.Biz.  The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global electrosurgical devices market has been segmented on the basis of product type, technique type, application, end-user, as well as regions and countries.

The Global Electrosurgical Devices Market was valued at UЅD $5,643.1 Мn in 2020, and is projected to achieve a valuation of UЅD $9,626.2 Мn by 2030, at a САGR of 6.5%.

Overview:

An Electrosurgical Unit (ESU) is a device that is uses electricity to cause thermal destruction of tissue through dehydration, coagulation, or vaporization. This device consists of a generator and a handpiece with one or more electrodes.

Dynamics:

The increasing usage of electrosurgical instruments or devices in various therapeutic areas such as plastic surgery, urology, gynecology, dermatology, ophthalmology, dentistry, etc., is a primary factor that is expected to continue to fuel the revenue growth of the global electrosurgical devices market over the next 10 years.

Moreover, the growing prominence of cosmetic surgeries, as well as the increasing number of electrosurgical device applications in minimally invasive cosmetic surgeries is also a factor that is slated to impact the future market growth of this global industry.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global electrosurgical devices market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry. Additionally, increasing focus on the development of laser technology, as well as conventional surgical procedures are also factors that may hinder the revenue growth of the global electrosurgical devices market.

Nonetheless, the increasing number of heart bypass and coronary angioplasty surgeries, as well as the availability of cost-effective surgical products are also other factors that are anticipated to fuel the revenue growth of the global electrosurgical devices market in the foreseeable future.

Segmentation of the global electrosurgical devices market is as follows:

In terms of product type, the electrosurgery generators segment accounted for the maximum number of revenue shares of the global electrosurgical devices market in 2020, and is expected to index a high CAGR over the forecast period. However, the electrosurgery instruments segment is also anticipated to index the highest CAGR over the next 10 years.

With regards to technique type, the bipolar electrosurgery segment accounted for the highest number of revenue shares of the global electrosurgical devices market in 2020, and is anticipated to continue doing so over the next decade. The monopolar electrosurgery segment is also indicative of registering a high CAGR over the forecast period.

On the basis of applications, the general surgery segment accounted for the highest number of revenue shares in 2020, and is slated to remain this industry’s front-runner over the forecast period. However, the dermatology & cosmetology segment is also expected to index the highest CAGR over the aforementioned timeline.

With respect to end-user, the hospitals segment accounted for the maximum number of revenue shares in 2020, and is anticipated to continue doing so over the next decade. The specialty clinics segment is also expected to index a high CAGR over the duration of this forecast.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global electrosurgery devices market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. However, the markets in the Asia Pacific region is anticipated to register the highest CAGR over the course of the forecast period.

Segmentation of the Global Electrosurgical Devices Market:

Segmentation by Product Type:

• Electrosurgery Generators
• Electrosurgery Instruments
• Electrosurgery Accessories
• Argon and Smoke Management Systems

Segmentation by Technique Type:

• Monopolar Electrosurgery
• Bipolar Electrosurgery

Segmentation by Application:

• General Surgery
• Esophageal Surgery
• Colon and Rectal Surgery
• Gallbladder Removal (Cholecystectomy)
• Stomach Surgery
• Others
• Gynecology
• Vaginal and operative hysteroscopic procedures
• Uterus Surgery
• Ovarian Cyst Removal Surgery
• Others
• Cardiology
• Coronary artery bypass graft (CABG) surgery
• Heart valve repair or replacement.
• Heart transplant
• Pulmonary Thromboendarterectomy
• Stent Procedure in heart
• Urology
• Renal surgery
• Urethra surgery
• Ureteral stent placement
• Dermatology & Cosmetology
• Skin biopsy
• Cosmetic/Plastic surgery
• Laparoscopy
• Laparoscopic myomectomy
• Biliary Tract Laparoscopy
• Others
• Other Applications
• Ophthalmology
• Dental Surgery
• Orthopedic Surgery

Segmentation by End-User:

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA