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Electrosurgical Devices And Equipment Market 2023-2032 Trends Analysis, Growth Rate, Current Demand, And Major Players
Electrosurgical Devices And Equipment Market
The Business Research Company's Electrosurgical Devices And Equipment Global Market Report 2024 Global Market Report 2024 identifies Surgical Procedure Surge Fuels as the major driver for the Electrosurgical Devices And Equipment Market's growth in the forecast period. The increasing number of surgical procedures is expected to drive the growth of the electrosurgical devices and equipment market. Surgical procedures involve medical treatments that require making incisions, are often performed in an operating room, and typically involve the use of anesthesia or pain management. Electrosurgical devices and equipment play a vital role in enhancing the precision, efficiency, and outcomes of surgical procedures across different medical specialties, ultimately benefiting both healthcare providers and patients.
The electrosurgical devices and equipment market size has grown strongly in recent years. It will grow from $9.7 billion in 2023 to $10.44 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to aging population, minimally invasive surgery (mis), surgical procedure volumes, telemedicine and remote surgery.
The electrosurgical devices and equipment market size is expected to see strong growth in the next few years. It will grow to $13.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to emerging markets growth, robotics and automation, personalized medicine, value-based healthcare. Major trends in the forecast period include energy-efficient devices, integration of imaging technologies, smart and connected devices, enhanced safety features.
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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 PLC, Boston Scientific Corporation, Stryker Corporation, ATMOS Inc., Heal Force Bio-meditech Holdings Limited, Erbe Elektromedizin GmbH, Bowa-Electronic Gmbh & Co.KG, Conmed Corporation, Ethicon Inc., Olympus Corporation, Megadyne Medical Products Inc., COVIDien PLC, Applied Medical Resources Corporation, KLC Martin Group, Utah Medical Products Inc., Kirwan Surgical Products LLC, Parkell Inc., XcelLance Medical Technologies Pvt. Ltd., Prima Medical Ltd., Abbott Laboratories, Philips, GE Healthcare, Encision Inc., Symmetry Surgical Inc., Meyer-Haake GmbH Medical Innovations, AtriCure Inc.
A key trend in the Electrosurgical Devices And Equipment Market includes Advanced Surgical Treatments. Major companies operating in the electrosurgical devices and equipment market are focusing on developing innovative technology, such as electrosurgical generators, to strengthen their position in the market. Electrosurgical generators are devices used in medical procedures for cutting, coagulating, and manipulating tissues through the application of high-frequency electrical currents. For instance, in June 2023, Olympus Corporation, a Japan-based manufacturer of products for reprography and optics, launched the ESG-410 Electrosurgical Generator. This system, equipped with PLASMA+ Technology, offers cutting-edge surgical treatment advancements, featuring faster ignition, enhanced plasma stability, and versatile applicability with large, medium, and band loops, along with an oval button, all without direct tissue contact. It is a high-frequency bipolar electrosurgical generator for endoscopic operations that provides reliable and accurate resection and surgical tissue management technology.
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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 Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery
3) By End User: Hospitals, Specialized Clinics, Ambulatory Surgery Centers
•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 2024" 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. Global Electrosurgical Devices And Equipment Market Size and Growth
……
31. Global Electrosurgical Devices And Equipment Market Competitive Benchmarking
32. Global Electrosurgical Devices And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electrosurgical Devices And Equipment Market
34. Electrosurgical Devices And Equipment Market Future Outlook and Potential Analysis
35. Appendix
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