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Electrosurgery Devices Market Worth is Poised to Reach US$ 8 Billion by 2032

07-12-2024 07:52 AM CET | Health & Medicine

Press release from: Fact.MR

Electrosurgery Devices Market

Electrosurgery Devices Market

The global electrosurgery devices industry was valued at US$ 5.20 billion in 2021 and is projected to reach US$ 5.40 billion in 2022. Over the forecast period from 2022 to 2032, the market is expected to follow a positive growth trajectory, registering a CAGR of 4% to reach US$ 8 billion.

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.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
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

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
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

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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