Electrosurgical Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global Electrosurgical Devices Market By Type (Monopolar Electro surgery, Bipolar Electro surgery), By Product (Electrosurgical Generators, Electro surgical Forceps, Electro surgical electrodes, Electro surgical Pencils, Electro surgical cords, Suction Coagulators, Others), By Application (Cardiology, Urology, Orthopedic, Cosmetic Surgeries, Neurology, Nephrology, Gynecology, Others), By End User (Ambulatory Surgical Centers, Hospitals, Clinics),and Geography

 

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Report

Description

Electrosurgical Devices Market size was valued at 8.41 Billion in 2021 and is estimated to reach 11.09 Billion by 2028, at a CAGR of 4% during the forecast period 2022 to 2028. Electrosurgical equipment have replaced traditional cutting tools such as surgical blades and lasers as a result of the growing popularity of minimally invasive operations. Some of the reasons driving market growth include increasing levels of accuracy and excellent reliability. The introduction of monopolar and bipolar electrosurgical units (ESUs) has expanded the range of devices that can be used. Furthermore, the rising number of procedures in a variety of healthcare fields has fueled market growth. Electrosurgical instruments are also an important feature of today’s operations. However, in the wake of the COVID-19 outbreak, governments around the world have ordered their healthcare systems to postpone non-essential surgical treatments. This is expected to have a short-term influence on the market. Furthermore, because of the market’s increased reliance on the United States for both supply and demand, logistical interruptions may result in product shortages.

Electrosurgical Devices Market

MARKET SUMMARY
-
4%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 12.6%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Electrosurgical Devices Market

  • Global electrosurgical devices market report gives comprehensive outlook on electrosurgical devices across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global electrosurgical devices market gives historical, current, and future market sizes (US$ Bn) on the basis of Type, Product, Application, End user and region.
  • This report studies global electrosurgical devices market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global electrosurgical devices products
Market Key Players
  • Medtronic (Ireland)
  • Ethicon, Inc. (U.S.)
  • Olympus Corporation (Japan)
  • CONMED Corporation (U.S.)
  • Bovie Medical Corporation (U.S.)
  • Erbe Elektromedizin GmbH (Germany)
  • BOWA-electronic GmbH & Co. KG (Germany)
  • Braun Melsungen AG (Germany)
Market Dynamics

Electrosurgical Devices Market

Electro surgery is the application of high radio frequency alternating polarity, electrical current to biological tissue as a means to cut, desiccate, and coagulate the tissue. The device which are used to perform the electro surgery procedures are called as electrosurgical devices. There are applicable in various medical fields. Growing preference for minimally or noninvasive surgical procedures and benefits of electro surgical procedure over conventional procedures provides huge scope for the growth of the electro surgical devices market globally. Furthermore, growing awareness regarding the usage of electrosurgical devices, ease in handling and usage of the devices, rapid technological advancements, improved QoL of patients also propels the growth of the electro surgical devices globally. However, lack of skilled work force, high cost of the devices, product recalls, and stringent regulatory frame work may hinder the growth of the electro surgical devices market globally.


North-America Got Significant Share

Electrosurgical Devices Market

Geographically, Electrosurgical Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions. North America is the leading market for electro surgical devices followed by Europe, owing to the strong economic status, favorable reimbursement policies, and rapid adoption of new advancements and also rising prevalence of chronic diseases which may require surgery also drives the growth of electrosurgical devices market in North America and Europe. Asia Pacific region is also expected to show significant growth rate in electro surgical devices market owing to the huge population pool, increased number of surgeries related to beauty, cardiology and other chronic conditions. Latin America and MEA is anticipated to show lucrative growth owing to the rising healthcare, economic and living standards of the people.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In January 2017, Ethicon Endo-Surgery, Inc. acquired Megadyne Medical Products, Inc., a medical device company which develops, manufactures and markets electrosurgical tools used in operating rooms worldwide.
  • In April 2016Bovie Medical Corporation, launched its J-Plasma product extension, in the brand name of Precise 360.

Key

Key Features of the Report

Electrosurgical Devices Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Medtronic (Ireland)
  • Ethicon, Inc. (U.S.)
  • Olympus Corporation (Japan)
  • CONMED Corporation (U.S.)
  • Bovie Medical Corporation (U.S.)
  • Erbe Elektromedizin GmbH (Germany)
  • BOWA-electronic GmbH & Co. KG (Germany)
  • Braun Melsungen AG (Germany)

Description

Electrosurgical Devices Market size was valued at 8.41 Billion in 2021 and is estimated to reach 11.09 Billion by 2028, at a CAGR of 4% during the forecast period 2022 to 2028. Electrosurgical equipment have replaced traditional cutting tools such as surgical blades and lasers as a result of the growing popularity of minimally invasive operations. Some of the reasons driving market growth include increasing levels of accuracy and excellent reliability. The introduction of monopolar and bipolar electrosurgical units (ESUs) has expanded the range of devices that can be used. Furthermore, the rising number of procedures in a variety of healthcare fields has fueled market growth. Electrosurgical instruments are also an important feature of today’s operations. However, in the wake of the COVID-19 outbreak, governments around the world have ordered their healthcare systems to postpone non-essential surgical treatments. This is expected to have a short-term influence on the market. Furthermore, because of the market’s increased reliance on the United States for both supply and demand, logistical interruptions may result in product shortages.

ASIA PACIFIC OFFICE

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EUROPE OFFICE

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