Press release
Electrosurgery Devices Market Worth is Poised to Reach US$ 8 Billion by 2032
Electrosurgery Devices Market
The global demand for electrosurgery devices was valued at over US$ 8 billion in 2020. The market is anticipated to grow 1.5x by 2032, reaching US$ 12 billion by the end of the forecast period.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=126
Region-Wise Insights
North America holds the largest market share for electrosurgery devices, accounting for around 50% of total revenue. The increasing number of government-funded insurance policies that cover various procedures makes electrosurgery devices highly sought after in this market.
Moreover, the region's well-developed healthcare infrastructure, sophisticated equipment, skilled practitioners, and government support drive the demand for electrosurgical devices. The rising number of cardiac operations also contributes to the growing demand for electrosurgery equipment in North America.
Category-Wise Insights
Radiofrequency electrosurgery devices are expected to generate over 40% of total market revenue. These devices help reduce morbidity associated with tonsillar hypertrophy treatment. Growing concerns about healing time after surgeries drive the demand for radiofrequency devices.
Surgeons increasingly prefer minimal infections post-surgery, boosting the market for high-end radiofrequency devices. Radiation frequencies during surgery are being used more frequently to ensure minimal tissue damage around the surgical site.
Read More: https://www.factmr.com/report/126/electrosurgery-devices-market
Competitive Landscape
Key players in the electrosurgery market include 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.
Strategic collaborations can significantly boost revenue and market share in the electrosurgery market. Innovative products and technologies enable manufacturers to penetrate new markets.
In July 2021, Healthmark Industries acquired McGan Technology, LLC. This acquisition aims to enhance Healthmark's global sales of McGan Insulation Testing Devices, which help prevent electrical shocks caused by imperfect surgical equipment.
On August 6, 2021, Medtronic Plc., a global leader in healthcare technology, acquired Intersect ENT. Medtronic purchased Intersect ENT's outstanding shares at $28.25 each, representing an enterprise value of approximately $1.1 billion. This acquisition allows Medtronic to expand its product portfolio for ENT procedures
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=126
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
๐๐จ๐ง๐ญ๐๐๐ญ:
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