Global Electrosurgery Devices Market Size study & Forecast, by Product, by Application and Regional Analysis, 2023-2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Electrosurgery Devices market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Electrosurgery Devices market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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Global Electrosurgery Devices Market is valued approximately at USD 5782.76 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.62% over the forecast period 2023-2030. Electrosurgery is a surgical procedure that is used to reduce bleeding and swiftly dissect soft tissue. Heat is generated by the electrical resistance of these soft tissues to an electromagnetic current. In surgical treatments, electrosurgery devices are used to cut, coagulate, desiccate, and fulgurate tissues. These gadgets work in tandem with specialised equipment. The rise in the number of surgical operations worldwide, a huge pool of elderly population, an increase in the frequency of chronic illnesses, and technical improvements are driving the expansion of the electrosurgery devices market. The growing popularity of minimally invasive procedures has resulted in a movement away from traditional equipment such as surgical blades and lasers and towards electrosurgical devices. Their higher levels of accuracy and dependability are some of the factors driving widespread usage.
The rise of chronic diseases and the ageing population are driving market expansion. According to the World Health Organization’s October 2021 report, the number of persons aged 60 and older would rise from 1 billion in 2020 to 1.4 billion by 2030. Older population is more likely to suffer from chronic illnesses that require surgery at some point, the growing geriatric population will increase demand for electrosurgical equipment, boosting market expansion. Additionally, High development potential in underdeveloped emerging markets, also the market provides prospects for vendors and producers, encouraging them to experiment with electrifying characteristics in order to improve precision and accuracy. However, the growing concerns associated with toxic fumes generated by tools and devices used in surgical procedures stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Electrosurgery Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 holding the largest market share owing to the rising prevalence of chronic illnesses and the ageing population, as well as rising demand for less invasive treatments and technical improvements in electrosurgical equipment are projected to drive market expansion in the United States. According to the Centres for Disease Control and Prevention 2021, cardiovascular disease kills over 659,000 Americans each year that equates to almost one out of every four deaths in the country. According to the Centres for Disease Control and Prevention Skin cancer is the most frequent type of cancer in the United States. Asia Pacific is expected to fastest growingduring the forecast period, owing to rising ageing population in nations such as China and India, adoption of modern healthcare choices in emerging economies, and increased understanding of the advantages of electrosurgery. The market for electrosurgery equipment in Asia-Pacific is expanding more quickly due to rising accident rates and treatment costs.
Major market players included in this report are:
- Applied Medical Resources Corporation
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Olympus Corporation
- Conmed Corporation
- Surgical Holding
- Johnson & Johnson
- Medtronic PLC
- Smith & Nephew PLC
- Stryker Corporation
Recent Developments in the Market:
In April 2022, Ethicon, Inc. (US) (J&J launched an electrosurgical generator for use in a wide variety of open and laparoscopic procedures. It is a high-frequency generator with an isolated output that is controlled by a computer and has the capacity to support both bipolar and monopolar coagulation through an auxiliary electrode.
In May 2022, In order to improve patient treatment experiences and general results, Medtronic (Ireland) and DaVita Inc. (US) collaborated to create a new, independent medical device firm (“NewCo” or “the Company”) focusing on kidney care.
Global Electrosurgery Devices Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Electrosurgical Generators
- Active Electrodes
- Electrosurgical Instruments & Accessories
By Application:
- Neurosurgery
- Gynecology Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- General Surgery
- Other
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Key Points Covered in Electrosurgery Devices Market Report:
Table of Contents
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Electrosurgery Devices Market, by region, 2020-2030 (USD Million)
1.2.2. Electrosurgery Devices Market, by Product, 2020-2030 (USD Million)
1.2.3. Electrosurgery Devices Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electrosurgery Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electrosurgery Devices Market Dynamics
3.1. Electrosurgery Devices Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rise in Chronic Diseases and Geriatric Population
3.1.1.2. Increasing Demand for Minimally Invasive Procedures
3.1.2. Market Challenges
3.1.2.1. Lack of Skilled Professional in Surgery
3.1.2.2. Stringent Regulatory Frameworks
3.1.3. Market Opportunities
3.1.3.1. High development potential in underdeveloped emerging markets
3.1.3.2. High market potential in untapped emerging economies
Chapter 4. Global Electrosurgery Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Electrosurgery Devices Market, by Product
5.1. Market Snapshot
5.2. Global Electrosurgery Devices Market by Product, Performance – Potential Analysis
5.3. Global Electrosurgery Devices Market Estimates & Forecasts by Product 2020-2030 (USD Million)
5.4. Electrosurgery Devices Market, Sub Segment Analysis
5.4.1. Electrosurgical Generators
5.4.2. Active Electrodes
5.4.3. Electrosurgical Instruments & Accessories
……..and view more in complete table of Contents
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