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Electrosurgical Devices Market Growth Factors and Opportunities

Wednesday, February 15, 2017 3:33
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The press releases (PRs) on “Electrosurgical Devices Market” added by Big Market Research will enable major enterprises unlocks the real-time data pertaining to the overall industry performance across different regions.

Electrosurgery refers to the use of high-frequency electric current during surgical procedures for the purpose of coagulation, cutting, and fulguration of tissues. Electrosurgery devices enable the surgeons to make precise cuts with controlled blood loss. The global electrosurgical devices market accounted for $2,214 million in 2015, and is expected to reach $3,894 million by 2022, growing at a CAGR of 8.3% from 2017 to 2022.

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The growth of the electrosurgical devices market is driven by rise in number of surgical procedures globally, large pool of geriatric population, increase in prevalence of chronic diseases, and technological advancements. However, stringent government regulations for product approval is expected to hamper the market growth.

The electrosurgical devices market is segmented on the basis of product type, application, and geography. Based on product type, the market is categorized into electrosurgery generators, electrosurgery instruments & accessories, and argon & smoke management systems. The electrosurgery instruments & accessories segment is further bifurcated into electrosurgery equipment (bipolar electrosurgery instruments and monopolar electrosurgery instruments) and electrosurgery accessories (patient return electrodes, cords, cables, and adapters, and others).

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Applications covered in the study include general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the global market in 2015. Asia-Pacific and LAMEA are expected to emerge as the regions with maximum growth potential.

KEY MARKET BENEFITS

  • The study provides an in-depth analysis of the global electrosurgical devices market with current trends and future estimations to elucidate the investment pockets.
  • The report provides a quantitative analysis from 2014 to 2022 that enables the stakeholders to capitalize on prevailing market opportunities.
  • Extensive analysis of the global electrosurgical devices market, by product and application, helps to understand the various types of product used for different applications.
  • Key market players within the global electrosurgical devices market are profiled in this report, and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.

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