Electrosurgery Devices Market Assessment 2017-2021
Monopolar technology involves a complete circuit consisting of generator, electrodes, grounding plate (return electrode), and patient. Bipolar devices involve forceps electrodes which act as electrode as well as a return electrode. It is observed that risk of thermal injuries is lower in bipolar devices. Hence bipolar electrosurgery devices are preferred as compared to monopolar electrosurgery devices. Ultrasonic electrosurgery devices are also found effective in tissue sealing and ligation, however higher cost restricts its wide spread adoption. Companies have also introduced hybrid electrosurgery devices that combine two electrosurgery technologies. Thunderbeat by Olympus integrates ultrasonic and bipolar technologies, while LigaSure by Covidien incorporates bipolar and monopolar technologies. These technological advances have introduced new products that are more efficient; thus fueling the overall electrosurgery devices market growth.
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Increasing adoption of minimally invasive surgeries has replaced conventional open surgeries in certain surgery types. Cholecystectomy procedures for example are mostly preformed laparoscopically. Various surgical procedures including hysterectomy, appendicectomy, and cancer among others are also performed laparoscopically. Increasing expertise among surgeons on minimally invasive surgeries and expanding scope of applications has been assisting rapid adoption. This has been a major factor increasing demand for other medical devices involved in minimally invasive surgeries including electrosurgery devices. Lesser bleeding, shorter operating time and lower cost are other advantages supporting electrosurgery devices market growth.
Appendicitis is diagnosed in 7% of the U.S. population, prevalence highest in young adults. Higher prevalence of cancer is also an alarming situation globally. Although chemotherapy has been an initial mode of treatment, surgical removal of cancer is still considered as a viable option in case of cancer in later stages. National Cancer Institute, U.S. estimates over 1.68 million new cancer cases diagnosed in the U.S. in 21016. In U.K. 0.35 million new cancer cases were recorded according to Cancer Research U.K. Globally more than 8 million patients die due to cancer. Such higher disease prevalence would result in more numbers of surgical procedures in the future, thus potential driving electrosurgery devices market growth.
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Key players in the electrosurgery devices market include Covidien plc, Ethicon, Inc., Olympus Corporation, CONMED Corporation, BOWA-electronic GmbH & Co. KG, Bovie Medical Corporation, KLS Martin, and others.
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