Press Release

Electrosurgery Devices Market to Grow at a CAGR of 6.51% during the Forecast Period

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 Method (Monopolar v/s Bipolar), By Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Patient Return Electrodes), By Application (General Surgery, Gynecology Surgery, Orthopedic Surgery, Cardiovascular Surgery, Others), By End-user (Hospitals & Clinics, Ambulatory Surgical Centers and Others), By Region, Forecast & Opportunities, 2025, the global electrosurgery devices market stood at USD6781.75 million in 2020 and is further expected to grow at a CAGR of 6.51%, during the forecast period. This can be ascribed to the benefits associated with electrosurgery such as low risk to patient, quicker recovery time, minimal blood loss, minimal chances of getting post-surgery infections, among others. All these factors are expected to support the market growth during the forecast period. Besides, electrosurgical procedures can be performed in office like setup also. This in turn has increased the use of electrosurgical devices thereby driving the arket 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. However, high cost of electrosurgery devices can restrict the market growth during the forecast period. Also, people are still preferring general surgery methods over the minimally invasive ones, especially in the developing countries. Moreover, stringent regulatory approvals process associated with electrosurgical devices can hamper the market growth through 2026. Also, a lot of product recalls have been observed in the past related to electrosurgical devices. This can further restrict the market growth over the next few years. Moreover, challenges such as different types of severe electro-thermal injuries which can be caused due to insulation failure or direct coupling or capacitive coupling or due to any other technical reasons further impede the growth of global electrosurgical devices market.

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The global electrosurgery devices market is segmented into method, type, application, end-user, and region. Based on method, the electrosurgery devices market is segmented into monopolar and bipolar. The bipolar segment held the largest market share in 2020 of around 62.77% on account of enhanced safety and ease of use, bipolar prevents from several risks, including unintended burns, stimulation of tissues etc. Additionally, bipolar methods provide high precision and dexterity. Also, bipolar devices are safer for patients with pacemaker. While the monopolar devices have several associated risks including current shunting, unintended burns, among others. All these risks have gradually reduced their demand. Based on end users the market can be categorized into hospitals, ambulatory surgical centres, and others. Hospitals were the dominant end-user segment in 2020 with a share of 64.72% 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.

Some of the leading players in global electrosurgery devices market include Medtronic Plc, Boston Scientific Corporation, Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Conmed Corporation, Applied Medical Resources Corporation, Utah Medical Products, Inc., Erbe Elektromedizin GmbH, KLS Martin GmbH & Co. KG, Karl Leibinger Medizintechnik GmbH & Co. KG, Arthrex GmbH, AtriCure Inc., ATMOS Inc., Meyer-Haake GmbH. In order to expand their market share, the companies tend to adopt various strategies like new product launches, mergers & collaboration. For instance, In June 2018, Stryker Corporation acquired a Swiss medical device manufacturer, SafeAir AG, specializing in design, development and production of surgical smoke evacuation systems. This acquisition helped Stryker Corporation strengthen its electrosurgical devices product portfolio.

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“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. North America held the lion’s share in the global electrosurgery devices market in 2020 and is expected to hold its position through the forecast period as the region has well-developed healthcare infrastructure and the investments in the healthcare and medical sectors are also high. Also, growing geriatric population in the region especially in the United States is expected to drive the regional growth. According to the United States Census Bureau, the United States geriatric population will reach around 77 million by 2034.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Electrosurgery Devices Market By Method (Monopolar v/s Bipolar), By Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Patient Return Electrodes), By Application (General Surgery, Gynecology Surgery, Orthopedic Surgery, Cardiovascular Surgery, Others), By End-user (Hospitals & Clinics, 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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