Press release
Electrosurgery Market, valued at USD 6.15 Bn in 2022, is projected to reach USD 9.31 Bn by 2029.
Electrosurgery Market
The objective of the report is to provide a comprehensive analysis of the Global Electrosurgery Market, benefiting all industry stakeholders. The report covers the past and current industry status, forecasted market size, and trends. It includes a detailed analysis of key players, including market leaders, followers, and new entrants, by region. The report utilizes PORTER, SWOT, PESTEL analysis, and evaluates the potential impact of micro-economic factors on the market. It provides a futuristic view of the industry to decision-makers, understanding the dynamics and structure of the Global Electrosurgery Market. The report also presents a clear representation of competitive analysis, product portfolio, financial position, growth strategies, and regional presence of key players, serving as an investor's guide.
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What are Electrosurgery Market Dynamics:
Electrosurgery techniques offer numerous advantages, including faster recovery, reduced post-operative complications, and lower costs compared to traditional surgical procedures. Laser and electrosurgical technologies are increasingly preferred over standard surgical treatments for various conditions, such as liver cancer, heart valve abnormalities, ophthalmic disorders, and spine surgeries. Minimally invasive surgeries, including laparoscopic procedures, are gaining popularity among patients due to lower surgical risks, less pain, reduced blood loss, lower infection rates, and shorter recovery periods, resulting in shorter hospital stays and lower costs. Electrosurgical tools such as generators and active electrodes enable precise and efficient surgeries, driving the demand for the market.
The use of high-frequency electrical currents in electrosurgical operations carries the risk of side effects, including electric shocks, thermal burns, toxic gas production, smoke inhalation, and the spread of infection. Patients undergoing laparoscopic surgery suffer burns every 90 minutes in the US alone, highlighting the need for caution. Electrosurgical therapy may also interfere with pacemakers and defibrillators, leading to device failure. Inadequate precautions during the electrosurgery process can also lead to contamination risks. These factors pose challenges to the growth of the Electrosurgery Market.
Electrosurgery Market Regional Insights:
North America dominated the market in 2020, driven by the presence of local players and intense regional competition. The US, with its well-established healthcare industry and favorable government policies, holds a significant market share. The Asia Pacific region is anticipated to witness substantial growth due to rapid economic development, increasing foreign direct investments, and growing awareness of advanced minimally invasive surgical instruments.
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What is Electrosurgery Market Segmentation:
By Surgery Type:
General surgery
2. Obstetric/gynecological surgery
3. Urological surgery
4. Orthopedic surgery
5. Cardiovascular surgery
6. Cosmetic surgery
7. Neurosurgery
8. Oncological surgery
By End-user:
Hospitals
2. Clinics
3. Ambulatory Surgical Centers
4. Others
By Product type:
Electrosurgical generators
2. Active electrodes
3. dispersive electrodes
4. various accessories
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Who are Electrosurgery Market Key Players:
Medtronic PLC (US)
2. Applied Medical Resources Corporation (US)
3. Utah Medical Products, Inc. (US)
4. Kirwan Surgical Products LLC (US)
5. Johnson & Johnson (US)
6. Conmed Corporation (US)
7. Parkell, Inc. (US)
8. DTR Medical Ltd (UK)
9. Fluke Corporation (US)
10. Plasma Surgical Inc (US)
11. Symmetry Surgical Inc (US)
12. Becton, Dickinson and Company (US)
13. Xodus Medical (US)
14. Stryker Corporation (US)
15. Medtronic-Covidien AG (UK)
16. Smith and Nephew (UK)
17. Prima Medical Limited (UK)
18. Welfare Medical Ltd. (UK)
19. Soring GmbH (Germany)
20. B. Braun Melsungen AG (Germany)
21. Erbe Elektromedizin GmbH (Germany)
22. KLS Martin Group (Germany)
23. Bowa-Electronic GmbH & Co. Kg (Germany)
24. Ackermann Instrumente GmbH (Germany)
25. Atmos Medizin Technik GmbH & Co. KG (Germany)
26. Olympus Corporation (Japan)
27. XcelLance Medical Technologies Pvt. Ltd. (India)
28. RF Medical Co. Ltd (South Korea)
Table of content for the Electrosurgery Market includes:
Global Electrosurgery: Research Methodology
Global Electrosurgery Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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Global Electrosurgery Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Electrosurgery Market Segmentation
Global Market, by Surgery Type (2022-2029)
Global Market, by End-user (2022-2029)
Global Market, by Product type (2022-2029)
Regional Electrosurgery Market (2022-2029)
Regional Market, by Surgery Type (2022-2029)
Regional Market, by End-user (2022-2029)
Regional Market, by Product type (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Surgery Type, End-user and Product type
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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