The Electrosurgery Market Report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Electrosurgery Industry Report covers the present scenario and the growth prospects of the Electrosurgery Market for 2016-2021. The research was conducted using an objective combination of primary and secondary information including inputs from key participants in the Electrosurgery industry.
Electrosurgery Market is poised to reach USD 5.17 Billion by 2021 with 3.9% CAGR during the forecast period of 2016-2021
Electrosurgery Market analysis is provided for global market including development trends by regions, competitive analysis of the Electrosurgery market. Electrosurgery Industry report focuses on the major drivers and restraints for the key players.
Factors such as technological advancements in electrosurgery devices, growing number of medical, aesthetic and plastic surgeries, rising demand for minimally invasive surgeries, and growing number of ambulatory surgery centers are driving the growth of this market. On the other hand, healthcare reforms in the U.S., frequent product recalls, and risks associated with electrosurgical procedures are some of the key factors limiting the growth of the global electrosurgery market.
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The global electrosurgery market is highly competitive, with a large number of global and local players. In 2015, the global electrosurgery market was dominated by Covidien plc (Medtronic) (Ireland), Ethicon, Inc. (U.S.) (subsidiary of Johnson & Johnson (U.S.)), and Olympus Corporation (Japan). New product launches and geographical expansions were the major strategies adopted by market players to achieve growth in the electrosurgery market.
Electrosurgery Market Drivers:
- Technological advancements in electrosurgical instruments
- Rising number of medical, cosmetic, and plastic surgeries
- Increasing demand for minimally invasive surgeries
- Rising number of ambulatory surgery centers
- Growing number of age-related surgeries
Electrosurgery Market Restraints:
- Healthcare reforms in the U.S.
- Frequent product recalls
- Risks associated with electrosurgical procedures
Electrosurgery Market Opportunities:
- Emerging countries
- Expected increase in the number of bariatric procedures due to growing obesity prevalence
Electrosurgery Market Challenge:
- Increasing pricing pressure on market players 41
- 2.4.2 Stiff competition among market players 41
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Electrosurgery Market Segmentation Based On Region:
On the basis of region, the electrosurgery market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to command the largest share of the global electrosurgery market in 2016, followed by Europe. The electrosurgery market in North America is primarily driven by the rising number of surgical procedures, technological advancements, growing demand for minimally invasive surgeries, increasing obesity levels, rising geriatric population, and strong presence of key players in the North American market.
Electrosurgery Market Segmentation Based On Product:
On the basis of product, the electrosurgery market is categorized electrosurgical generators, electrosurgical instruments & accessories, and argon & smoke management systems. The electrosurgical instruments and accessories segment is estimated to account for the largest share in 2016. On the basis of the type of electrodes used in electrosurgery, the global electrosurgical instruments market has been further classified into two major categories, namely, monopolar instruments and bipolar instruments. Based on product, the global bipolar electrosurgical instruments market has been further divided into two subsegments, namely, advanced vessel sealing instruments and bipolar forceps.
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Electrosurgery Market Segmentation Based On Type:
Based on the type of surgery, the electrosurgery market is categorized into eight segments— general surgeries, gynecological surgeries, urological surgeries, orthopedic surgeries, cardiovascular surgeries, cosmetic surgeries, neurosurgeries, and other surgeries. The orthopedic surgeries and cosmetic surgeries segment is estimated to grow at the highest CAGR during the forecast period. The growth in the aging population and increasing incidence/prevalence of bone diseases such as osteoporosis, osteogenesis imperfecta, and osteonecrosis are the major factors driving the growth of the electrosurgical devices market for orthopedic surgeries.
No. of Pages: 167
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