Electrosurgery Market is anticipated to expand at a CAGR of 5.2% from 2023 to 2032 | insightSLICE
With a projected CAGR of 5.2% from 2023 to 2032, the Electrosurgery Market was valued at US$ 6.1 billion in 2021.
Electrosurgery is a procedure that is now frequently used to reduce bleeding by dissecting soft tissue quickly. Heat is produced in the soft tissues due to electrical resistance to an electromagnetic current.
When such principle is employed in electrosurgery, an electrosurgical technology raises the frequency from 50 to 60 hertz to 3,00,000 to 5,00,000 hertz, transforming the quality of operation.
Technological advances in electrosurgical tools, a rise in the need for minimally invasive procedures, and an increase in the number of procedures for age-, cosmetic-, and medical-related reasons are all contributing to the market’s expansion.
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Major companies and their strategies covered in this report:
Some of the prominent players that are involved in the global electrosurgery market include Medtronic-Medical Devices Division, Inc., B. Braun Melsungen AG, Olympus Corporation, Xcellance Medical Technologies, Atmos MedizinTechnik GmbH & Co. KG, Prima Medical, BOWA-electronic GmbH & Co. KG, Ethicon US, LLC., Johnson & Johnson Services, Inc., Parkell, Inc., Smith & Nephew, KLS Martin Group., Kirwan Surgical Products, LLC., Utah Medical Products, Inc., Erbe Elektromedizin GmbH, Symmetry Surgical, Hologic, Inc., Applied Medical Resources Corporation, ConMed Corporation., and others.
Data and statistics present in our Global Electrosurgery Market Report:
The report for the Global Electrosurgery Market for the years 2022-2032 will contain critical information such as company strategy, product portfolio, key development, SWOT analysis, and R&D initiatives of all main businesses involved in Electrosurgery device manufacture and sales.
Furthermore, the analysis considers the competitive landscape, with the report providing a company profile and market outlook for prominent companies in the global electrosurgery market.
Additionally, the analysis would include important developments, worldwide and regional sales networks, corporate strategies, activities in research and development, staff strength, and key management profiles for all of the major companies in this sector.
The study includes an in-depth evaluation of important players with a dominant share of the global electrosurgery market, with an emphasis on all functioning business segments, and therefore would identify individual subsidiaries of the company specializing in electrosurgery devices.
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The global electrosurgery market analysis will also include the participants who participate in the supply chain, selling, and promotion of electrosurgery equipment, as well as their market position. The product portfolio subsection will focus on all of the items offered by such companies in the electrosurgery field worldwide.
Furthermore, the most recent business developments in the global electrosurgery market, such as strategic collaborations and partnerships, mergers and acquisitions, new product launches, and regional growth, will be covered.
Global Electrosurgery Market Key Segments:
By Product:
- Electrosurgical Instruments
- Electrosurgical Generators
- Cords, Cables, and Adapters
- Patient Return Electrodes
- Electrosurgical Accessories
- Monopolar Electrosurgical Instruments
- Monopolar Forceps
- Suction Coagulators
- Electrosurgical Electrodes
- Electrosurgical Pencils
- Bipolar Electrosurgical Instruments
- Bipolar Forceps
- Advanced Vessel Sealing instruments
- Others
By Surgery Type:
- Oncological Surgery
- Neurosurgery
- Cosmetic Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Urological Surgery
- Obstetrics/Gynecology Surgery
- General Surgery
- Others
By End-User:
- Research Laboratories & Academic Institutes
- Ambulatory Surgical Centers
- Hospital, Clinics, & Ablation Centers
By Geography:
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
Rest of South America
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Driving factors for the growth of Global Electrosurgery Market
The reasons that are anticipated to fuel the rise of the electrosurgery market include the growing elderly population and, as a result, the prevalence of chronic disorders linked to the kidneys and heart, amongst many other things.
Electrosurgery is not recommended for patients who have cochlear implants, cardiac and stomach pacemakers, or an Implantable Cardioverter Defibrillator (ICD) since it can have fatal side effects.
Even though the growth of this market is being driven by technological developments in electrosurgical equipment and an increase in cosmetic and plastic surgery procedures. However, it is anticipated that the dangers associated with electrosurgical procedures will limit the market’s growth shortly.
Additionally, there are some hazards related to these treatments, such as site burns or alternative surgical fires, which might restrain market expansion over the course of the forecast period.
Upwards of 8.5% of worldwide people is older than 65 and is at a higher chance of developing chronic diseases, therefore the ultimate need for electrosurgery operations is increasing according to a report issued by the National Institute on Aging.
Regional performance of Electrosurgery Market
Depending on geographic regions, the Global Electrosurgery Market is segmented into five main regions of North America, Europe, Asia Pacific, Middle East & Africa, and South America. The United States, Canada, and the Rest of North America along with Brazil and the Rest of South America are primary segments of the respective regions.
Germany, the United Kingdom, Belgium, Spain, and the rest of Europe make up the continent of Europe, whereas China, Japan, India, Australia, and the rest of Asia Pacific make up the continent of Asia Pacific. Saudi Arabia, the UAE, and the rest of the Middle East and Africa make up the Middle East and Africa sub-segment.
The North American region is estimated to have the greatest market share among all the regions covered by this report, while Asia Pacific is anticipated to experience the quickest growth during the forecast period.
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