Electrosurgery Market to 2024 - Global Size, Growth, Trends, Outlook and Future Scope Analysis

The global electrosurgery market in North America is primarily driven by the rising number of surgical procedures, technological advancements, growing demand for minimally invasive surgeries, increasing obesity levels, rising geriatric population, and strong presence of key players in the North American market.

The electrosurgery market is expected to reach USD 5.17 Billion by 2021 from USD 4.27 Billion in 2016, at a CAGR of 3.9% between 2016 and 2021. Factors such as technological advancements in electrosurgery devices, growing number of medical, aesthetic and plastic surgeries, rising demand for minimally invasive surgeries, and growing number of ambulatory surgery centers are driving the growth of this market.

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Geographically, electrosurgery market segmented into North America, Europe, Asia-Pacific, & Rest of the World (RoW). North America estimated to command largest share of electrosurgery market in 2016, followed by Europe and Asia-Pacific. Emerging markets, like China, India, and Brazil are expected to offer significant growth opportunities owing to rising trend of medical tourism in these counties.

Company Profiles (Introduction, Products & Services, Strategy, & Analyst Insights, Developments)
1 Medtronic PLC
2 Olympus Corporation
3 Conmed Corporation
4 B. Braun Melsungen AG
5 Johnson & Johnson
6 Bovie Medical Corporation
7 Erbe Elektromedizin GmbH
8 Applied Medical Resources Corporation
9 Megadyne Medical Products, Inc.
10 Bowa-Electronic GmbH & Co. Kg

The electrosurgery market is categorized into eight segments—general surgeries, gynecological surgeries, urological surgeries, orthopedic surgeries, cardiovascular surgeries, cosmetic surgeries, neurosurgeries, and other surgeries. The orthopedic surgeries and cosmetic surgeries segment is estimated to grow at the highest CAGR during the forecast period.

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North America expected to account for largest share of global electrosurgery market in 2016, followed by Europe & Asia-Pacific. Asia-Pacific market expected to register highest CAGR during forecast period. Rising demand for cosmetic and plastic surgery, increasing government efforts to raise standard of healthcare, & presence of a huge population base are key factors driving growth of electrosurgery market in Asia-Pacific countries.

Growth in aging population and increasing incidence/prevalence of bone diseases such as osteoporosis, osteogenesis imperfecta, and osteonecrosis are major factors driving growth of electrosurgical devices market for orthopedic surgeries. Increasing competition in mature markets will intensify the focus on emerging markets.

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The orthopedic surgeries and cosmetic surgeries segment is estimated to grow at the highest CAGR during the forecast period. The growth in the aging population and increasing incidence/prevalence of bone diseases such as osteoporosis, osteogenesis imperfecta, and osteonecrosis are the major factors driving the growth of the electrosurgical devices market for orthopedic surgeries.

Research Coverage
This report studies the electrosurgery market based on product and type of surgery. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends, future prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four main regions.

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