Electrosurgery Devices Market Is Projected to Be Valued at US$ 8 Billion by 2032

A recently published study by Fact.MR expects the global electrosurgery devices market to augment at a 4% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 8 Billion is expected for the market. An increase in the number of people suffering from cardiac illnesses and gynecological problems is spurring the growth of electrosurgery devices across the globe.

The electrosurgery devices market is a dynamic and ever-evolving sector within the broader field of medical technology. These devices, which utilize high-frequency electrical currents to cut, coagulate, and remove tissue, have revolutionized surgical procedures, making them more precise, efficient, and less invasive. In this comprehensive overview, we will explore the current state of the electrosurgery devices market, investigate the key factors propelling its growth, and examine recent industry news that highlights the significant impact of these devices on modern healthcare practices.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=126?Pj

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝗰𝘆 𝗼𝗳 𝗦𝘂𝗿𝗴𝗲𝗿𝗶𝗲𝘀 𝗦𝗽𝘂𝗿𝗿𝗶𝗻𝗴 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝘀𝘂𝗿𝗴𝗲𝗿𝘆 𝗗𝗲𝘃𝗶𝗰𝗲𝘀 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻

The growing number of diseases such as cardiac illness, gynecological, urological, and age correction is growing demand for electrosurgery devices in the market. Besides, an increase in the number of cosmetic surgeries is also spurring the adoption of electrosurgery devices.

Several innovations have been introduced recently to lower complication rates and increase accuracy when using monopolar electrosurgical devices. The ease of use of these devices plus the lack of foreign materials left behind after surgeries are increasing the demand for these devices.

Geographically, North America and Asia Pacific are the major contributors to the electrosurgery devices market. This is owing to the prevalence of general and cardiac diseases along with the technologically advanced healthcare sector in the region. In the upcoming years, the demand for minimally invasive surgeries is expected to change the dynamics of the electrosurgery industry. This, in turn, is expected to lead to the development of the electrosurgery market.

𝗞𝗲𝘆 𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗚𝗿𝗼𝘄𝘁𝗵

Minimally Invasive Surgery: Electrosurgery devices are crucial components in minimally invasive surgery, a trend that has gained significant momentum in recent years. Patients and healthcare providers alike are increasingly drawn to procedures that offer shorter recovery times, reduced scarring, and fewer complications, all of which are facilitated by electrosurgery.

Technological Advancements: Continuous innovation has led to the development of more advanced and specialized electrosurgery devices. These tools offer better precision, control, and safety, making them indispensable in a wide range of surgical specialties.

Growing Prevalence of Chronic Diseases: The rising incidence of chronic diseases has increased the demand for surgical interventions. Electrosurgery devices are vital for procedures in areas such as oncology, gastroenterology, and gynecology, where precise tissue removal is required.

Geriatric Population: The aging population is driving the demand for various surgical procedures, as elderly individuals often require treatments for age-related conditions. Electrosurgery devices play a critical role in performing these surgeries safely and effectively.

Cosmetic Surgery: Electrosurgery is widely employed in cosmetic procedures, such as facial rejuvenation and body contouring. The desire for aesthetic enhancements continues to drive the market.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

By, product type, radiofrequency electrosurgery devices are expected to generate over 40% of total market revenue.

By end user, hospitals are expected to be the major employers of electrosurgery devices, exceeding a revenue share of US$ 3 Billion as of 2022

By application, gynaecological surgery, a CAGR exceeding 5% has been projected for this segment through 2031.

Asia Pacific is anticipated to register a positive CAGR of 8% during the forecast period

North America is expected to possess 50% market share for electrosurgery devices market in the forecast period.

U.S., Canada and China will flourish at a CAGR of 27% combined until 2032

𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝘀𝘂𝗿𝗴𝗲𝗿𝘆 𝗗𝗲𝘃𝗶𝗰𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘂𝗿𝘃𝗲𝘆

𝗕𝘆 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗧𝘆𝗽𝗲:
Radiofrequency Electrosurgery Devices
Electrocautery Devices
Ultrasonic Electrosurgery Devices

𝗕𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲𝗿:
Hospitals
Ambulatory Surgical Centers
Specialized Clinics

𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻:
General Surgery
Cardiac Surgery
Gynecological Surgery
Ophthalmology
Dermatology
Urology
Other Applications

𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻:
North America
Latin America
Europe
APEJ
Japan
Middle East & Africa

𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻

Key players in the electrosurgery market are B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew, Boston Scientific Corporation, Medtronic Plc., Erbe Elektromedizin GmbH, Bovie Medical Corporation, Heal Force Bio-meditech Holdings Limited, Johnson & Johnson Private Limited and AngioDynamics Inc.

Bovie Medical Corporation, a key player, in the electrosurgery devices market is focusing on offering and developing electrosurgical accessories and devices such as bipolar forceps, electrosurgical pencils and pads.

Medtronic Plc, another key player in the electrosurgery devices is offering customized electrosurgery devices for specific surgeries that make surgical procedure minimally invasive.

Radiofrequency electrosurgery devices are expected to generate over 40% of total market revenue. These devices help reduce the morbidity associated with tonsillar hypertrophy treatment. Growing medical concerns about healing time after surgeries are driving the demand for radiofrequency devices.

𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲

Fact.MR, in its new offering, presents an unbiased analysis of the global electrosurgery devices market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product Type (Radiofrequency Electrosurgery Devices, Electrocautery Devices, Ultrasonic Electrosurgery Devices), End User (Hospitals, Ambulatory Surgical Centers, Specialized Clinics), Application (General Surgery, Cardiac Surgery, Gynecological Surgery, Ophthalmology, Dermatology, Urology, Other Applications) and by Region- 2022 to 2032 across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa)

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=126?pj

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