Press release
Electrosurgery Devices Market to be Worth $8.73 Billion by 2030
The Electrosurgery Devices Market is projected to reach $8.73 billion by 2030, at a CAGR of 8.1% from 2023 to 2030. Electrosurgery is a technique used in surgeries to control bleeding and quickly dissect soft tissues during surgeries. The electromagnetic current generates heat due to the electrical resistance of the soft tissues. The endpoints of electrosurgery vary, depending on the power used, waveform, and surgical technique, resulting in various effects on the target tissue.Electrosurgery can be done in multidisciplinary surgical procedures, including urology, gynecology, endoscopic and laparoscopic surgeries, cardiothoracic surgery, onco-surgery, neuro & spine surgeries, ENT, ophthalmic, orthopedic, dental, maxillofacial surgery, and other general surgeries.
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Electrosurgery Market: Future Outlook
The global electrosurgery devices market is segmented by Product Type (Electrosurgical Instruments and Accessories [Electrosurgical Electrodes & Patient Return Electrodes, Suction Coagulators & Irrigation Devices, Electrosurgery Pads & Forceps, Electrosurgery Accessories], Generators, Smoke Evacuation Systems), Surgery Type (Obstetric/Gynecological Surgery, Cardiovascular Surgery, Oncological Surgery, Cosmetic Surgery, Neurosurgery, General Surgery, Urological Surgery, Orthopedic Surgery, Other Surgeries), End User (Hospitals & Clinics, Ambulatory Surgical Centers, Research Institutes & Academics), and Geography. The study also evaluates industry competitors and analyzes their market shares at the regional and country levels.
Based on product type, in 2023, the electrosurgical instruments & accessories segment is expected to account for the largest share of the market. The high burden of chronic diseases globally, coupled with the high volume of surgeries conducted annually, is supporting the large market share of this segment. Electrosurgical instruments & accessories need to be purchased repetitively compared to generators and smoke evacuation systems, which also support this segment's large market share.
Based on surgery type, the market is segmented into general surgery, obstetric/gynecological surgery, cardiovascular surgery, oncological surgery, cosmetic surgery, neurosurgery, urological surgery, orthopedic surgery, and other surgeries. The general surgery segment is projected to record the fastest growth rate over the forecast period. The growth of this segment is attributed to the growing geriatric population worldwide and rising accidental cases requiring general surgeries.
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Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the market. The large market share of this segment is attributed to factors such as the availability of advanced infrastructure & specialty care in hospitals and clinics and the rise in the adoption of minimally invasive procedures.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.
Geographic Review
In 2023, North America is expected to account for the largest share of the electrosurgery devices market, followed by Europe and Asia-Pacific. The U.S. is expected to be the largest shareholding market in North America in 2023. The large share of this market is primarily driven by the high prevalence of chronic diseases, an increase in the number of ablation centers, the availability of advanced technology for electrosurgery, and the high preference for minimally invasive procedures, coupled with a shift towards outpatient surgeries.
Key Players
The key players operating in the global electrosurgery devices market are Medtronic plc (Ireland), Ethicon, Inc. (a subsidiary of Johnson & Johnson) (U.S.), B. Braun Holding GmbH & Co. KG (Germany), Smith & Nephew plc (U.K.), Zimmer Biomet Holdings, Inc. (U.S.), Olympus Corporation (Japan), Erbe Elektromedizin GmbH (Germany), CONMED Corporation (U.S.), BOWA-electronic GmbH & Co. KG (Germany), and Kirwan Surgical Products, LLC. (U.S.).
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Key questions answered in the report-
Which are the high-growth market segments in terms of product type, surgery type, end user, and regions/countries?
What was the historical market for electrosurgery devices across the globe?
What are the market forecasts and estimates for the period 2023 -2030?
What are the major drivers, restraints, challenges, opportunities, and trends in the global market of electrosurgery devices?
Who are the major players in the global electrosurgery devices market?
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