Electrosurgical Devices Market to Rise due to Increasing Demand for Minimally Invasive Surgical Procedures

A new market research report by Transparency Market Research, titled “Electrosurgical Devices Market - Global Industry Size, Share, Trends, Analysis, And Forecasts 2012 – 2018,” includes an in-depth analysis of the electrosurgical devices market. The study encapsulates an extensive evaluation on the present market trends and also highlights the major drivers as well as inhibitors impacting the growth of the market in the forecast horizon, 2012 to 2018. In addition, the current and the emerging technological developments predicted to take place within this market have also been evaluated in this report.

Electrosurgical devices are majorly utilized within electrosurgical procedures including orthopedic, maxillofacial, cardiac, plastic, neurosurgical, and ocular procedures. Electrosurgical devices are frequently utilized in these operations for making precise cuts in the body and for the prevention of acute blood loss. These devices utilize high-frequency current for cutting, coagulating, fulgurating, and desiccating biological tissues without having a damaging impact on the surrounding tissues. A broad range of electrosurgical devices include radiofrequency instruments, generators, vessel sealing systems, and accessories.

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As stated in the report, the increasing demand for minimally invasive surgical procedures, the increasing aging population, and the advancement of cutting-edge energy-based electrosurgical devices are amongst the prime factors fuelling the growth of the electrosurgical devices market. In addition, the increasing low-cost surgeries, the rising initiatives taken by governments globally, the increasing trend towards medical tourism, and the advancement of modern healthcare infrastructure enable top notch companies to develop and market electrosurgical devices even within a number of developing nations such as that of China, India, Brazil, and Mexico, hence boosting the development of the overall market. On the other hand, the rising trend of bulk-purchasing by group purchasing organizations (GPOs) and integrated health networks (IHNs) causes erosion in profits and could pose a negative impact on the growth of the market for electrosurgical devices. Additionally, the increasing occurrence of product recalls may also impede the development of the market in the coming years.

Geographically, North America holds the largest share in the market owing to the increasing funding activities by governments in this region, the rising technological advancements, and the huge volume of surgical procedures. On the other hand, the Asia Pacific electrosurgical devices market is poised to grow at the swiftest rate all through 2018 due to the swiftly evolving healthcare systems, the increasing patient pool, and the soaring demand for elective surgeries.

The major players operating in the market are KLS Martin, Conmed, Covidien, BOWA- electronic, Ethicon, Symmetry Medical, Ambu, Boston Scientific, Olympus, Utah Medical Products, adeor Medical, ArthroCare, B. Braun Melsungen, ERBE Elektromedizin, and Bovie Medical, among others.

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This release was published on openPR.