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Impact Of Rising Chronic Diseases On The Surge Of Electrosurgical Devices And Equipment Market: Powering Innovation and Expansion in the Electrosurgical Devices And Equipment Market by 2025
Electrosurgical Devices And Equipment
What Is the Expected CAGR for the Electrosurgical Devices And Equipment Market Through 2025?
The market for electrosurgical devices and equipment has seen a swift expansion in recent times. The market value is projected to rise from $10.94 billion in 2024 to $12.07 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.4%. Factors such as an aging population, minimally invasive surgery (MIS), volume of surgical procedures, telemedicine, and remote surgery are responsible for the growth observed in the historic period.
What's the Projected Size of the Global Electrosurgical Devices And Equipment Market by 2029?
The market size for electrosurgical devices and equipment is anticipated to witness substantial growth in the upcoming years, expanding to $16.47 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. The proliferation during the predicted period can be linked to the growth of emerging markets, the rise of robotics and automation, the personalization of medicine, and the shift towards value-based healthcare. Furthermore, the forecast period is expected to see several key trends, including more energy-efficient devices, the incorporation of imaging technologies, the development of smart and connected devices, and the enhancement of safety features.
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Top Growth Drivers in the Electrosurgical Devices And Equipment Industry: What's Accelerating the Market?
The rising instances of chronic diseases have significantly accelerated the expansion of the electrosurgical devices and equipment market. These devices are crucial in conducting surgery on severe diseases like skin cancer, small basal cell carcinomas, squamous cell carcinoma, wound surgery, skin surgery, non-cancerous moles, dentistry, and other conditions. The global surge in skin diseases is notable. Electrosurgical apparatuses and machines aid in managing and treating chronic diseases by facilitating accurate surgical procedures, consequently lowering the risk of complications and enhancing patient outcomes. For example, data from Allergy UK, a UK-based national charity, revealed that over 21 million individuals in the UK suffered from allergies in April 2024, making it the most widely reported chronic health issue in 2022. Future forecasts suggest that by 2026, at least one allergy will affect half of Europe's population. As a result, the growing frequency of chronic diseases propels the advancement of the electrosurgical devices and equipment market.
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What Trends Will Shape the Electrosurgical Devices And Equipment Market Through 2029 and Beyond?
Electrosurgery involves using high-frequency electric current on biological tissue. Technological progress has resulted in the creation of advanced ESUs that can produce medically beneficial thermal impacts. This system can persistently observe current and voltage, compute parameters such as power and tissue resistance, and assess them. Depending on the preferred treatment result, these devices can maintain the operating parameters stable or modify them specifically through control and regulation. To boost their market share, manufacturers of electrosurgical equipment should think about investing in ESUs.
What Are the Main Segments in the Electrosurgical Devices And Equipment Market?
The electrosurgical devices and equipment market covered in this report is segmented -
1) By Product: Electrosurgery Generators, Electrosurgery Instruments And 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
Subsegments:
1) By Electrosurgery Generators: Monopolar Electrosurgery Generators, Bipolar Electrosurgery Generators, Hybrid Electrosurgery Generators
2) By Electrosurgery Instruments And Accessories: Electrosurgical Pencils, Electrodes, Forceps, Electrosurgical Cords and Cables, Disposables (Electrodes, Pads)
3) By Argon And Smoke Management Systems: Argon Plasma Coagulation (APC) Systems, Smoke Evacuation Systems, Smoke Filtration Systems
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Which Top Companies are Driving Growth in the Electrosurgical Devices And Equipment Market?
Major companies operating in the electrosurgical devices and equipment market include 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.
Which Regions Will Dominate the Electrosurgical Devices And Equipment Market Through 2029?
North America was the largest region in the global electrosurgical devices market in 2023. Western Europe was the second-largest region in the electrosurgical devices market. The regions covered in the electrosurgical devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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