Press release
Global Electrosurgery Market to be Driven by the Growing Prevalence of Chronic Health Issues in the Forecast Period of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 5.4%
The electrosurgery industry is being driven by the growing cases of cardiovascular, neurological, urological, and oncological disorders. As electrosurgery enables precise cuts with limited blood loss, it is increasingly preferred in general surgery, neurological surgery, cardiovascular surgery, and urological surgery, among others.
The growing use of electrosurgery to reduce the complexity of surgeries by cutting tissues with high precision and reducing chances of injury is propelling the market growth.
Over the forecast period, the changing patient preference towards minimal-invasive surgeries and the rising development of hospitals and surgical centres are likely to provide impetus to the market.
Industry Definition and Major Segments
Electrosurgery is defined as surgery that uses high-frequency electric current to heat and cut tissue with high precision.
In this surgical procedure, a high-frequency electric current is passed through tissue to create a desired clinical effect. As the current is delivered, it passes through and heats the tissues.
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The significant products of electrosurgery include:
• Electrosurgical Instruments
o Bipolar Instruments
o Monopolar Instruments
• Electrosurgical Generators
• Electrosurgical Accessories
• Argon and Smoke Management Systems
On the basis of surgery type, the market is segmented into:
• General Surgery
• Gynaecology Surgery
• Orthopaedic Surgery
• Cardiovascular Surgery
• Oncological Surgery
• Cosmetic Surgery
• Urological Surgery
• Neurological Surgery
• Others
The regional markets for electrosurgery include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Technological advancements in surgical procedures in hospitals and ambulatory surgical centres are likely to propel the growth of the electrosurgery industry. The increasing research activities to increase the applications of electrosurgery are projected to drive the market growth.
Moreover, the advent of adaptive generators, which keep the output power constant while the active monopolar electrode moves through tissues of varying impedance, is expected to boost the market growth.
Advancements in electrosurgical generators owing to the increasing research and development (R&D) activities are projected to provide further impetus to the market growth in the forecast period.
Key Market Players
The major players in the market are Medtronic Plc, Olympus Corporation, B. Braun Melsungen AG, Conmed Corporation, Apyx Medical Corporation, and BOWA-electronic GmbH & Co. KG, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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