Electrosurgery Devices Market to Grow at a steady CAGR until 2025
Rising cases of plastic surgeries along with rapid
technological advancements in healthcare sector to drive electrosurgical
instruments market
According to TechSci Research report, “Global
Electrosurgery
Devices Market
By Product (Electrosurgical Generators (Radiofrequency, Ultrasonic, Argon
Plasma, Cryoablation, Microwave, Combination and Smoke Evacuators), Electrosurgical
Instruments (Electrosurgical Electrodes (Monopolar, Bipolar), Pencils
(Monopolar, Bipolar), Forceps, Cryoprobes, Nano knifes and others)), Accessories),
By Application (Orthopaedics, Oncology, Cardiovascular, General, Cosmetic,
Neurology and Others), By End-user (Hospitals, Ambulatory Surgical Centers and
Others), By Region, Forecast & Opportunities, 2025”, global
electrosurgery devices market is expected to grow at a steady rate during the
forecast period. Increasing geriatric population and desire to stay young
forever has led the people to turn towards plastic surgeries, thereby
contributing to the market growth. Additionally, growing use of electrosurgery devices in
different sectors like urology, gynaecology, dermatology, etc., is anticipated
to further fuel the demand for electrosurgery devices in the coming years.
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The global electrosurgery devices market is
segmented into product, application, end-user, and region. Based on product, the electrosurgery devices market is
segmented into electrosurgical generators, electrosurgical instruments and electrosurgical
accessories. The electrosurgical instruments segment held the largest market
share in 2019 on account of high usage of reusable and disposable electrosurgical
instruments. The end-user
segment
is segmented into hospitals,
ambulatory surgical centres and others. Hospitals were the dominant end-user
segment in 2019 due to the high frequency of surgical procedures which are
carried out in hospitals. Moreover, hospitals have been adopting high imaging
solutions to enhance the accuracy and efficiency of electrosurgery devices,
which is contributing to the market share of the segment across the globe.
North America held the lion’s share in the global electrosurgery
devices market in 2019 and is expected to hold its position through 2025 as the
region has well-developed healthcare infrastructure and the investments in the
healthcare and medical sectors are also high. However, Asia-Pacific is expected
to the fastest growing region due to the presence of the developing economies
as they are still adapting to the technology.
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Some of the leading players
in global electrosurgery devices market include Johnson & Johnson, Conmed, Stryker,
Bovie Medical, Medtronic, Olympus, B. Braun, AngioDynamics, Utah Medical
Products, Inc, Cooper Surgical, Elektromedizin GmbH, Smith & Nephew, KLS
Martin, Boston Scientific, Applied Medical, BOWA-electronic GmbH & Co. KG, Kirwan
Surgical Products LLC, Heal Force Bio-Meditech Holdings Limited, Maxerendoscopy,
Parkell LLC, etc. In order to expand their market share, the companies tend to adopt
various strategies like new product launches, mergers & collaboration. In
order to expand the market share, in 2018, Olympus, a global technology company,
launched new product called ESG-300 Electrosurgery Generator, which assists in
the gastroenterology and respiratory problems.
“Global electrosurgery devices market is anticipated
to witness a steady growth during the next five years as the major companies
are now concentrating on advanced electrosurgery devices that would enhance
coagulation & cutting practices and multimodality application. Also, increasing incidence of skin diseases among
population coupled with less recovery time and low risk associated with
electrosurgical devices is propelling the growth of the market across the globe.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Electrosurgery Devices Market By
Product (Electrosurgical Generators (Radiofrequency, Ultrasonic, Argon Plasma,
Cryoablation, Microwave, Combination and Smoke Evacuators), Electrosurgical
Instruments (Electrosurgical Electrodes (Monopolar, Bipolar), Pencils
(Monopolar, Bipolar), Forceps, Cryoprobes, Nano knifes and others)), Accessories),
By Application (Orthopaedics, Oncology, Cardiovascular, General, Cosmetic,
Neurology and Others), By End-user (Hospitals, Ambulatory Surgical Centers and
Others), By Region, Forecast & Opportunities, 2025”, has
evaluated the future growth potential of global electrosurgery devices market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global electrosurgery
devices market.
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