Electrosurgical Devices And Equipment Market Report 2023-2032: Growth Drivers, Share Analysis, Size And Forecast | Bovie Medical Corporation, Johnson & Johnson Private Limited, B. Braun Melsungen AG, Medtronic PLC., Smith and Nephew

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Electrosurgical Devices And Equipment Global Market Report 2023 identifies increasing prevalence rate of chronic diseases as the major driver for the Electrosurgical Devices And Equipment market's growth in the forecast period. The electrosurgical devices are used in the surgery of many life-threatening diseases such as skin cancer, small basal cell carcinomas, squamous cell carcinoma, wound surgery, skin surgery, non-cancerous moles, dentistry, and others. There has been an increase in the number of skin diseases worldwide. 

The global electrosurgical devices and equipment market size will grow from $8.7 billion in 2022 to $9.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the electrosurgical devices and equipment is expected to grow to $11.45 billion in 2027 at a compound annual growth rate (CAGR) of 5.1%.

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Major competitors in the Electrosurgical Devices And Equipment market are Bovie Medical Corporation, Johnson & Johnson Private Limited, B. Braun Melsungen AG, Medtronic PLC., Smith and Nephew.

A key trend in the Electrosurgical Devices And Equipment market includes high incidence of product recalls. The medical device industry is seeing a significant spike in product recalls during recent years due to defective devices, software issues, mislabeling issues, and quality issues. The electrosurgical devices and equipment market is a minor part of the medical device market and hence, product recall in the electrosurgical market is quite often. For example, in October 2021, Xodus Medical recalled its electrosurgical tip cleaner due to the issue with pouch seal and steril barrier in the tip cleaner. Zimmer Biomet, a medical device company recalled it is class 1 SPF PLUS-Mini and SPF XL IIB Implantable Spinal Fusion Stimulators due to high levels of potentially harmful chemicals which may be toxic to tissues and organs. FDA Safety Communication notice was Magellan Diagnostics and LeadCare of Meridian Bioscience, Inc. for its LeadCare Testing Systems for giving inaccurate test results.

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The Electrosurgical Devices And Equipment market is segmented -

1. By Product: Electrosurgery Generators, Electrosurgery Instruments & Accessories, Argon and Smoke Management Systems
2. By End User: Hospitals, Specialized Clinics, Ambulatory Surgery Centers
3. By Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Electrosurgical Devices And Equipment market.

The Business Research Company's "Global Electrosurgical Devices And Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Electrosurgical Devices And Equipment Market Include:

1. Executive Summary
2. Electrosurgical Devices And Equipment Market Characteristics
3. Electrosurgical Devices And Equipment Market Trends And Strategies
4. Electrosurgical Devices And Equipment Market - Macro Economic Scenario
5. Electrosurgical Devices And Equipment Market Size And Growth
……
26. Africa Electrosurgical Devices And Equipment Market
27. Electrosurgical Devices And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrosurgical Devices And Equipment Market
29. Electrosurgical Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix

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