The panoramic view of the Electrosurgical Devices market entails useful insights into the estimated Electrosurgical Devices market size, revenue share, and sales distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.
The global Electrosurgical Devices Market will be worth USD 7.62 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing investments of the major market players to produce technologically advanced electrosurgical devices. The high prevalence of obesity and cardiovascular diseases among the population is expected to drive the growth of the market over the forecast period.
The increase in funding of the government in order to establish innovative technologies and to improve the healthcare infrastructure is most likely to present lucrative opportunities for the market players over the forecast period. The growing number of cosmetic surgeries due to the rising investments in aesthetic procedures are projected to drive the demand for the devices. Growing awareness among the population about the advanced surgical procedure presents growth opportunities for the market players.
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Highlights From The Report.
- In June 2020, Boston Scientific announced the launch of the DIRECTSENSE™ technology. The technology is a tool for monitoring the effect of radiofrequency (RF) energy delivery during cardiac ablation procedures.
- Bipolar held the largest market share of 61.5% in the year 2019 due to the wide application of the bipolar segment in the cases related to neurosurgery or otolaryngology.
- The Active Electrodes is forecasted to grow with the fastest CAGR of 6.4% over the forecast period due to the increasing technological advancement of the active electrodes.
- General surgery accounted for the largest market share of the electrosurgical devices market in 2019 due to the increase in demand for minimally invasive surgeries.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the increasing initiatives of the government to improve the healthcare infrastructure.
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Electrosurgical Devices market, gauging their revenue share over the forecast timeline. Furthermore, the report analysis the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Key participants include Olympus Corporation, Covidien PLC, Boston Scientific, Ethicon, Inc., B. Braun Melsungen AG, Bovie Medical Corporation, Smith and Nephew, Medtronic PLC, Johnson Johnson, and Conmed Corporation, among others.
Emergen Research has segmented the global Electrosurgical Devices Market on the basis of Method, Product, Surgery Type, and region:
Method Outlook (Revenue, USD Billion; 2017-2027)
- Bipolar
- Monopolar
Product Outlook (Revenue, USD Billion; 2017-2027)
- Active electrodes
- Electrosurgical Generators
- Dispersive Electrodes
- Electrosurgical Instruments and Accessories
Surgery Type Outlook (Revenue, USD Billion; 2017-2027)
- Gastroenterology
- General surgery
- Gynecology
- Cosmetic
- Neurosurgery
- Cardiovascular
- Urology
- Orthopedic
- Others
Key point summary of the report:
- The report offers a comprehensive overview of the Electrosurgical Devices market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional Electrosurgical Devices market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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