Electrosurgery Equipment Market 2021- Global Industry Analysis, By Key Players, Segmentation, Application, Demand And Forecast By 2028
In a rapidly changing marketplace, companies must opt for a broad range to have effectual business growth and Electrosurgery Equipment Market report is right there to serve this purpose at the best. This market report includes historic data, present market trends, environment, technological innovation, upcoming technologies, and the technical progress in the related industry. The report is generated with a nice blend of industry insight, practical solutions, talent solutions, and the use of technology to improve customer experience.
Electrosurgical units are the common form of electrical equipment found in the operating room. Electrosurgery act as the most frequently used energy system in the laparoscopic surgery. The various electrosurgical modalities include electrosection, electrocoagulation, electrodesiccation and electrofulguration. The variations in the amperage, frequency, voltage and the method of application help in giving each of these electrosurgical modalities the unique qualities. These methods consist of higher frequency alternating current that is converted to the heat by resistance when it passes through the tissues.
Global electrosurgery equipment market is projected to register a substantial of 5.2% CAGR in the forecast period 2019 to 2026.
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Market Key Competitors:
Some of the major players operating in this market are Medtronic, B. Braun Melsungen AG, Johnson & Johnson Services, Inc., CONMED Corporation, Erbe Elektromedizin GmbH, Olympus Corporation, Boston Scientific Corporation, Kirwan Surgical Products, LLC., Symmetry Surgical, Smith & Nephew, ATMOS MedizinTechnik GmbH & Co. KG, Parkell, Inc., BOWA-electronic GmbH & Co. KG, KLS Martin Group, Applied Medical Resources Corporation, Utah Medical Products, Inc., XCELLANCE Medical Technologies, PRIMA MEDICAL GROUP, Stryker, Tecno Instruments, Electro Surgical Instrument Company, International Group Medical Technology and Electronics GmbH, among others.
Segmentation: Global Electrosurgery Equipment Market
Global electrosurgery equipment market is segmented into four notable segments which are products, surgery, end user and distribution channel.
- On the basis of products, the market is segmented into electrosurgical instruments, electrosurgical accessories, electrosurgical generators and plasma and smoke management systems
- In April 2019, Symmetry Surgical Inc. launched RapidClean Symmetry Sharp Kerrison portfolio with a RapidClean at the IAHCSMM Annual Conference and Expo. The product is designed for easy cleaning and inspection. The product also lowers the risk of misplacing pieces during the procedure through the detachable and single use tip. It solves common clinician problems of dull Kerrisons through the use of detachable, single-use tips to ensure a sharp tip every time.
- On the basis of surgery, the market is segmented into gynecological surgery, cosmetic surgery, orthopedic surgery, general surgery, neurosurgery, urology surgery, cardiovascular surgery and others
- In April 2019, Symmetry Surgical, Inc., disclosed an expanded Energy Solution consisting of the Olsen product line and acquired Bovie electrosurgery portfolio at the 56th AORN Global Surgical Conference & Expo. This expanded Symmetry Surgical Energy Solution have a comprehensive suite of generators, smoke evacuation products, grounding pads, electrodes, cauteries, bipolar and monopolar forceps, micro needles and accessories. Generators from Bovie provides the same electrosurgical power at up to 72% less VPeak than major competitors, which directly correlates to low thermal spread and better outcomes for patients.
- On the basis of end user, the market is segmented into hospitals, specialty clinics, ambulatory surgical centers and others
- In May 2018, Olympus Corporation launched the DualKnife J which is an ESD electrosurgical knife that helps in shortening the procedure time. This new evolution of the bestselling ESD knife would offer an injection capability which enables physicians to perform dissection and lifting in one device. This strategy would help in expanding the product portfolio of the company.
- On the basis of distribution channel, the market is segmented into direct and retail
- In March 2017, Medtronic and Atlas General Hospital announced that they signed an Integrated Health Solutions agreement in Belgrade, Serbia. This strategy will help the company to bring advanced surgical technologies and the treatment options to Serbia that will lead towards the company expansion.
By Region
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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List of Figures:
FIGURE 1 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: SEGMENTATION
FIGURE 2 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: DATA VALIDATION MODEL
FIGURE 3 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: DROC ANALYSIS
FIGURE 4 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: GLOBAL VS REGIONAL
FIGURE 5 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: DBMR MARKET POSITION GRID
FIGURE 8 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: THE CATEGORY VS TIME GRID
FIGURE 9 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: DBMR VENDOR SHARE ANALYSIS
FIGURE 10 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF GLOBAL ELECTROSURGERY EQUIPMENT MARKET
FIGURE 11 ESTIMATED BARIATRIC SURGERY NUMBERS, U.S. (2011-2017)
FIGURE 12 GERIATRIC POPULATION (2015-2016)
FIGURE 13 GLOBAL ELECTROSURGERY EQUIPMENT MARKET: SEGMENTATION
FIGURE 14 NORTH AMERICA IS ANTICIPATED TO DOMINATE THE ELECTROSURGERY EQUIPMENT MARKET AND ASIA-PACIFIC IS ESTIMATED TO BE INCREASING WITH THE HIGHEST CAGR IN THE FORECAST PERIOD FROM 2019 TO 2026
FIGURE 15 INCREASING NUMBER OF SURGERIES AND GROWING NUMBER OF MINIMALLY INVASIVE SURGERIES ARE EXPECTED TO DRIVE THE GLOBAL ELECTROSURGERY EQUIPMENT MARKET IN THE FORECAST PERIOD OF 2019 TO 2026
FIGURE 16 ELECTROSURGICAL INSTRUMENTS IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE GLOBAL ELECTROSURGERY EQUIPMENT MARKET IN 2019 & 2026
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Drivers: Global Electrosurgery Equipment Market
- Increasing number of surgeries
- Growing number of minimally invasive surgeries
Restraint:
- Product recalls of various companies
Opportunity:
- Market growth in emerging countries
Challenge:
- Lack of trained professionals
Market Trends:
Global electrosurgery equipment market is segmented into four notable segments which are products, surgery, end user and distribution channel.
- On the basis of products, the market is segmented into electrosurgical instruments, electrosurgical accessories, electrosurgical generators and plasma and smoke management systems. The electrosurgical instruments segment is dominating the global electrosurgical equipment market as well as growing with the highest CAGR.
- On the basis of surgery, the market is segmented into gynecological surgery, cosmetic surgery, orthopedic surgery, general surgery, neurosurgery, urology surgery, cardiovascular surgery and others
- On the basis of end user, the market is segmented into hospitals, specialty clinics, ambulatory surgical centers and others
- On the basis of distribution channel, the market is segmented into direct and retail
Recent Developments
- In February 2019, Boston Scientific participated in the Cowen and Company 39th Annual Healthcare Conference which was held in Boston on 13th March. This will help the company to create awareness about its products and penetrate into the market with a stronger customer base.
- In August 2018, Symmetry Surgical acquired Bovie Medical’s Electrosurgical Business. This business unit includes generators, electrodes, cauteries, lighting, colposcopes, accessories and the other major Bovie brand. This acquisition extended the electrosurgical product portfolio with the expansion in offering of single-use surgical products.
- In January 2016, CONMED Corporation acquired SurgiQuest, Inc.(U.S.) This strategy would help in expanding the business thereby generating revenue and also would expand the product portfolio in laparoscopic and robotic procedures.
Research Methodology: Global Electrosurgery Equipment Market
Primary Respondents:
Key Opinion Leaders (KOL’s): Doctors, Surgeons, Researchers, Medical and Industrial Professionals.
Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and National Sales Managers.
Some of the Major Highlights of TOC cover:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Access Control Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Chapter 4: Access Control Market, By Region
Chapter 5: Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis
Thanks for reading this article, you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
Key Offerings:
-Market Size & Forecast by Revenue | 2021−2028
-Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
-Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
-Competitive Landscape – Top key vendors and other prominent vendorsInquire
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