Electrosurgery Market is estimated to be valued at USD 5,641.7 million in 2021 and is poised to grow at a significant CAGR of 4.5% over 2022-2028. Electrosurgery devices are utilized in various surgical procedures, including cardiovascular surgery, gynecological surgery, and general surgery. These devices use electric current to thermally destroy the targeted tissues. In surgical treatments, electrosurgery devices are used to cut, coagulate, desiccate, and fulgurate tissues. These gadgets work in tandem with specialist equipment. Based on surgery the market is segmented into General Surgery, Obstetric/Gynecological Surgery, Orthopedic Surgery, Cardiovascular Surgery, Oncological Surgery, Cosmetic Surgery, Urological Surgery, Neurosurgery, and Other Surgeries. The general surgery segment is anticipated to grow at a significant CAGR over the forecast years owing due to factors such as the growing geriatric population, an increasing number of surgical centers, and developing healthcare infrastructure in emerging countries are stimulating the growth of the electrosurgical devices market for general surgery. The growing prevalence of chronic diseases, increasing demand for minimally invasive procedures, innovation and technological advancements in electrosurgical instruments, an increasing number of hospitals (coupled with a rising number of surgical procedures), and a shift in preference toward outpatient surgeries in developed regions are all driving growth in this market.
Recent Market Developments:
In February 2019, 4T Medical has introduced Zeus, a portable multi-frequency plasma / electrosurgical instrument, to the UK market. In the domains of cosmetic medicine, dermatology, vascular surgery, dentistry, and gynaecology, Zeus may conduct both surgical and non-surgical operations.