Electrosurgical Device Market Insight, Trends, Industry Key Players, Regional Forecast To 2027
Research Nester released a report titled “Global Electrosurgical Device Market: Global Demand Analysis & Opportunity Outlook 2027″ which delivers detailed overview of the global electrosurgical device market in terms of market segmentation by product, by application, by end users and by region.
Further, for the
in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
Rising demand for minimally invasive cosmetics and aesthetic
surgical procedures combined with benefits of non-invasive treatments such as
speedy recovery, decreased hospitalization and curtailed risk of infections is
considerably contributing to the growth of the market. Additionally, growing
initiatives and improvement made in these instruments by the industry players
is expected to boost the business growth. Moreover, rising geriatric population
and technological advancements in the field of electro surgery devices are
anticipated to propel the market growth in the near future. On account of these
factors, the market is anticipated to grow at a CAGR of around 6.1% during
the forecast period i.e. 2019-2027.
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The market is
bifurcated by product into electro surgery generator, argon and smoke
management systems, electro surgery instruments and electro surgery
accessories. Among these segments, the electro surgery instruments &
accessories segment is anticipated to account for leading shares on the back of
growing number of medical practices along with rising adoption of electro
surgical instruments in various surgical procedures across the world. Additionally,
availability of high specialty treatments in the hospitals is anticipated to
raise the demand for electrosurgical devices. On the back of these factors, the
hospital segment is estimated to witness highest growth as compared to
specialized clinics, ambulatory surgical centers and others.
Geographically, the
global electrosurgical device market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region, out of which, the leading market shares will be attained
by the market in Asia Pacific region. This can be attributed to increased
healthcare infrastructure and huge investments by major key players for
research and development activities pertaining to electrosurgical devices in
the region.
Increase in Demand for Minimally Invasive Surgeries to Boost the
Market Growth
There is a significant
increase in the geriatric population which is susceptible to various diseases
such as cardiovascular, cancer, obesity, gastric diseases, intestinal illnesses
and others. Significant increase in the prevalence of the diseases and rising
public awareness related to minimally invasive surgeries along with increasing
government initiatives in order to improve healthcare services is expected to
propel the growth of the market in upcoming years.
Stringent Regulations
Stringent government
regulations pertaining to production and distribution of electrosurgical
devices is anticipated to negatively affect the growth of the market over the
forecast period.
This report also
provides the existing competitive scenario of some of the key players of the
global electrosurgical device market which includes company profiling
of Boston Scientific Corporation, ERBE Elektromedizin GmbH, Olympus Medical
Systems Corp., Bovie Medical Corporation, Symmetry Surgical Inc., Braun
Melsungen AG, Megadyne Medical Products Inc., and Medtronic Plc.
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The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed
overview of
the global electrosurgical device market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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