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North American Electrosurgical Devices Market is boosted by an increase in baby boom generation

02-27-2019 11:22 AM CET | Health & Medicine

Press release from: Allied Market Research

North American Electrosurgical Devices Market

North American Electrosurgical Devices Market

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 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.

Electrosurgical instruments and accessories are top potential targets for investment by key players in this market. The demand for these accessories will increase as the adoption of electrosurgical instruments increases in all types of surgical procedures performed throughout North America and as the demand for innovative and customized electrosurgical instruments and accessories meet the needs of surgeons Expected.

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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.).

By country, the United States accounted for the largest portion of the North American electrosurgical device market in 2015. The health care institution's improved focus and the patient's health due to sufficient investment in the medical field to develop surgical methodologies and surgical products to maximize the accuracy of surgical procedures. Other factors that complement market growth include higher incidence of various chronic diseases such as increased health expenditures, diabetes, cardiovascular disease and obesity; And the volume of surgery increased. For example, according to the American Metabolic and Surgical Association, the annual number of bariatric surgery procedures almost doubled from 103,000 in 2003 to 2.05 million in 2007. The US population is expected to be eligible for bariatric surgery by 2020.

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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.

Strict US reforms for electrosurgical equipment are expected to curb market growth during the analysis period. Submission of premarket notifications (510 (k)) for submission of premarket notifications (510 (k)) for electrosurgical devices for general surgery and bipolar electrosurgical container sealers for general surgery was first introduced in 2014. For example, JustRight Surgical was the first and only company to be licensed by the FDA for electrosurgical equipment specially used for pediatric patients.

• 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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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.


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