North American Electrosurgical Devices Market Report Provides an in-depth Analysis of the Competitive Landscape and Plan the Strategies By Top Leading Companies and Manufacturers

The size of the North American Electrosurgical Devices Market is expected to grow at a CAGR of 8.0% over the forecast period. The North American electrosurgical device market is boosted by an increase in baby boom generation, increased demand for minimally invasive surgery across North America, the implementation of the Obama Care Act and increased demand for technologically advanced products in the electrosurgical device market. However, pitfalls such as strict government policies limit the growth of the North American electrosurgical device market.

The North American electrosurgical device market predicts market growth due to additional features of the device, high success rate, and technological advances in electrosurgical devices that come with new applications, depending on usage in a variety of surgical procedures. The high demand for such technologically innovative products among medical professionals is due to ease of operation, improved surgical outcomes and improved quality of care. Major companies have invested heavily in R & D to introduce advanced surgical products in the market and to secure competitiveness.

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The key players profiled in the report include
• B. Braun Melsungen AG (Germany)
• Bovie Medical Corporation (U.S.)
• Megadyne Medical Products Inc. (U.S.)
• CONMED Corporation (U.S.)
• Medtronic plc. (Ireland)
• Johnson & Johnson (U.S.)
• ERBE Elektromedizin GmbH (Germany)
• KLS Martin Group (Germany)
• Olympus Corporation (Japan)
• Utah Medical Products Inc. (U.S.).

Electrosurgical instruments & accessories is the top potential target for investment by key players in this market. The demand for these accessories is expected to increase with rise in adoption of electrosurgical devices in all types of surgical procedures performed across North America and increase in demand for innovative & customized electrosurgical instruments & accessories, which corresponds to the needs of surgeons.

By country, U.S. accounted for the largest share of the North America electrosurgical devices market in 2015, driven by ample investment in healthcare sector to advance surgical methodologies and surgical products, with improved focus of healthcare organizations on better quality and accuracy of surgical procedures to maximize the patient health.

In addition, the other factors supplementing the market growth include rise in healthcare expenditure; high incidence of various chronic diseases such as diabetes, cardiovascular diseases, and obesity; and related rise in volume of surgeries. For instance, according to the American Society for Metabolic and Bariatric Surgery, the annual number of bariatric surgical procedures were nearly doubled from 1,03,000 in 2003 to 2,05,000 procedures in 2007. In addition, it is estimated that up to 13% of the U.S. population is expected to be eligible for bariatric surgery by 2020.

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KEY MARKET BENEFITS
• The study provides an in-depth analysis of the North American 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 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
• Extensive analysis of the market, by product and application, helps in understanding the various types of product used for different applications.
• Key market players are profiled and their strategies are analyzed thoroughly, which predicts the competitive outlook of the market.

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