Electrosurgical Devices market was valued at US$ 7149.6 million in 2022 and is anticipated to reach US$ 10110 million by 2029, witnessing a CAGR of 5.0% - valuates Reports

The global Electrosurgical Devices market was valued at US$ 7149.6 million in 2022 and is anticipated to reach US$ 10110 million by 2029, witnessing a CAGR of 5.0% during the forecast period 2023-2029. The main factors driving the growth of the electrosurgical devices market are the rising prevalence of chronic diseases, the rising demand for minimally invasive procedures, the innovation and technological advancements in electrosurgical instruments, the rising number of hospitals (coupled with the rising number of surgical procedures), and the shifting preference in developed regions for outpatient surgeries.

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Electrosurgical Devices Market Trends
The desire for minimally invasive and non-invasive surgical techniques over conventional surgical procedures has significantly increased during the past ten years. Compared to open surgery, minimally invasive techniques provide a number of advantages, including quicker recovery times, lower postoperative complications, and shorter hospital stays. Additionally, these methods are less expensive than customary surgical methods. Laser and electrosurgical technologies are increasingly preferred over conventional surgical techniques for the treatment of a variety of ailments. This element is anticipated to fuel the market for electrosurgical devices.

Laparoscopic procedures, commonly referred to as minimally invasive procedures, are growing in popularity among patients because they provide a variety of advantages, such as decreased surgical risks, less discomfort and blood loss, a lower chance of infection, and a shorter postoperative recovery period. (resulting in shorter hospital stays and lower costs). Every type of surgery, including gynecological, cardiovascular, and cosmetic procedures, requires precision and has a deadline. The need for electrosurgery instruments like generators and active electrodes is increased by how quickly and easily such surgeries may be performed. This element is anticipated to fuel the market for electrosurgical devices.

In addition, it is projected that rising healthcare spending by developed and developing countries will encourage the growth of the global market for electrosurgical devices.

Electrosurgical Devices Market Share Analysis
The market for electrosurgical instruments is anticipated to be the most profitable one. A sizable share of this market is accounted for by the high volume of both disposable and reusable electrosurgical equipment usage.

The market segment for general surgery is anticipated to have the largest market share. The aging population, the rise in surgical facilities, and the growth of the healthcare industry in emerging countries are all contributing to the expansion of the market for electrosurgical equipment in general surgery.

North America accounted for the greatest share of the worldwide market. The rising prevalence of chronic diseases, rising demand for minimally invasive procedures, technological advancements in electrosurgical instruments, rising number of hospitals, clinics, and ambulatory surgical centers, and shifting preference for outpatient surgeries are the main factors propelling the growth of the North American market.

Segment by Type
Electrosurgical Instruments & Accessories
Electrosurgery Instruments
Electrosurgery Accessories

Segment by Application
General Surgery
Gynecology Surgery
Urologic Surgery
Orthopedic Surgery
Cardiovascular Surgery
Cosmetic Surgery
Neurosurgery
Others (ENT, Dermatology, and Ophthalmic Surgeries)

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