A new market research report by Transparency Market Research, titled “Direct Energy Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, presents a thorough study on the overall market. The size of the direct energy devices market has been presented on the basis of both revenue as well as volume. The market numbers have been presented on the basis of energy type and application segments within the global market.
The market has been evaluated on the basis of the Porter’s five forces model and this helps in analyzing the degree of competition present within the market by a consideration of factors such as the bargaining power of suppliers and buyers as well as the key threats incurred from alternate devices and emerging entrants. A thorough evaluation of the competitive landscape of the market, including the profiles of prime market vendors along with their market share evaluation, also forms an integral part of this study.
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As per this report, advancement in surgical techniques, allowing the penetration of minimally invasive surgical procedures, and the rising requirement for cosmetic treatments for the aging as well as the obese populations are amongst the chief factors stimulating the market for direct energy devices. In addition, the fall in recent years in the popularity of mechanical medical instruments and the rising complexities in the medical conditions of patients have also fuelled the market. Furthermore, the advancement in technologies has also resulted in benefits such as reduced operation time, reduced complications post-operation, and swift patient recovery, which have also impacted the market positively.
On the basis of energy type, the direct energy devices market is segmented into radiation, electrical, light, radiofrequency, cryotherapy, ultrasound, microwave, thermal (other than cryotherapy), and hydro-mechanical. On the basis of application, the market is segmented into cardiovascular, aesthetics, orthopedics, gynecology, ophthalmology, and urology.
The report segments the market on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, North America leads the market and is trailed by Europe. The reason for the superiority of the regional markets of North America and Europe is the availability of cutting-edge therapeutic and diagnostic technologies. On the other hand, Asia Pacific also exhibits lucrative growth opportunities for the market for direct energy devices. In Latin America, the rising economy is predicted to result in swift growth and emerging countries in the region are expected to gain a significant share in the market for direct energy devices.
According to the report, the chief players operating in the market are ConMed Corporation, Aesthera Corporation, Covidien PLC, Karl Storz Endoscopy-America, Inc., Ethicon Endo-Surgery, Inc., Olympus Corporation, Palomar Medical Technologies, Inc., and Sciton, Inc., among others.
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