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.