Surgical Generators Market Regulations and Competitive Landscape Outlook to 2025
Then the active electrode conducts it to the body. The conductive adhesive grounding pad is attached to a patient's body and will conduct the current back to the generator. In bipolar instrument, the current after leaving the generator goes to the active electrode then goes to patient's body and comes back for the other tip of the device, to the return electrode. The return electrode leads the current back to the generator.
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Growing preference for minimally invasive procedures and increasing prevalence of chronic diseases such as cancer and kidney diseases are likely to fuel the global surgical generators market. According to the World Health Organization, cancer is a leading cause of death worldwide, accounting for 8.8 million deaths in 2015. Increasing number of surgical procedures, growing awareness among people, rapid geriatric population growth, technological advancement, health care insurance coverage, and rapid population growth are the other drivers of the global surgical generators market. On the other hand, factors such as thermal damage or scar formation are likely to restrain the surgical generators market.
The global surgical generators market has been segmented based on product type, application, end-user, and region. In terms of product type, the market has been classified into ground referenced generators and isolated generators. Based on application, the surgical generators market has been categorized into cardiovascular surgery, dermatology surgery, neurological surgery, oncology, urological surgery, and others. In terms of end-user, the market has been classified into hospitals, specialty clinics, ambulatory surgery centers, and others.
Geographically, the surgical generators market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America dominates the surgical generators market due to rapid adoption of technological advancements, increasing number of geriatric procedures, rising number of surgical centers, and increasing number of surgical procedures. According to the Centers for Disease Control and Prevention, about 610,000 people die of heart disease in the U.S. every year; that is 1 in every 4 deaths. Europe is the second largest market for surgical generators. The market in Asia Pacific is expected to grow at a higher rate due to rising prevalence of chronic diseases, growing awareness among people, health care insurance coverage, and increasing health care expenditure. Latin America and Middle East & Africa will create large opportunity due to growing investment by multinational companies in this region, increasing private health care insurance coverage, and rising per capita expenditure.
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Major players operating in the surgical generators market include Boston Scientific Corporation, Olympus Corporation, Conmed Corporation, Erbe USA, Incorporated, Bovie Medical, Medtronic plc, B. Braun Melsungen AG, KLS Martin Group, AngioDynamics, Inc., Ethicon US, LLC, Smith & Nephew plc, Telea Electronic Engineering S.r.l, and CooperSurgical, Inc.
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