Electrosurgery Devices Market to Reach $3.78 Bn, Globally, by 2025 at 4.8% CAGR, Says Allied Market Research

electrosurgery devices market garnered $2.59 billion in 2017 and is estimated to reach $3.78 billion at a CAGR of 4.8% from 2018 to 2025. Rise in prevalence of chronic diseases and increase in geriatric population drive the growth of the industry. Moreover, upsurge in the number of surgical procedures supplements the market growth. However, stringent government regulations for commercialization of new products hinder the market growth. Conversely, technological advancements and untapped opportunities in the emerging economies create new pathways for the market players.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
The key market players analyzed in the study include Boston Scientific Corporation, B. Braun Melsungen AG, BOWA-electronic GmbH & Co. KG, Bovie Medical Corporation, Erbe Elektromedizin GmbH, CONMED Corporation, Johnson & Johnson (Ethicon US, LLC.), Olympus Corporation, Medtronic Plc., and Smith & Nephew Plc. These players have implemented different strategies including new product launches, joint ventures, expansions, collaborations, mergers & acquisitions, and others to gain a strong foothold in the industry.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/1481

Electrosurgical instruments & accessories segment contributed nearly half of the total market share in 2017 and is expected to remain dominant during the forecast period. This segment would register the highest CAGR of 5.6% from 2018 to 2025, owing to increase in geriatric population and growth in demand for minimal invasive surgical procedures and radiosurgeries worldwide. The report also analyzes electrosurgical generators and argon & smoke management systems.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/1481

The general surgery segment accounted for nearly one-fourth of the total share in 2017 due to increase in incidence of diseases involving the skin, breast, soft tissue, and trauma, which require general surgery for treatment. This segment would maintain its lead in terms of revenue through 2025. However, orthopedic surgery would grow at the highest CAGR of 5.9% from 2018 to 2025, owing to increase in usage of electrosurgery devices for cutting and coagulation of soft tissues in orthopedic surgeries. The report also discusses gynecology surgery, cardiovascular surgery, urologic surgery, neurosurgery, cosmetic surgery, and other applications.

Changing healthcare infrastructure in developing counties such as India and China coupled with increasing incidence of chronic disorders have enabled the Asia-Pacific region to grow at the fastest CAGR of 6.7% from 2018 to 2025. However, North America contributed more than one-third of the total market share in 2017, owing to increase in elderly population, supportive reimbursement scenario, well-established healthcare infrastructure, and technological advancements.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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