The Asia-Pacific electrosurgical devices market size is estimated to grow with a CAGR of 10.4% during the forecast period. The growth of the APAC electrosurgical devices market is attributed to the surge in rate of chronic disorders, geriatric population in countries such as Japan, China, and others, and volume of surgical procedures. Emerging economies, which include China, India, and others are estimated to create new opportunities during the analysis period. However, stringent government policies limiting the Asia-Pacific market for electrosurgical devices. APAC electrosurgical devices market analysis is done on the basis of product type, application and country segmentation.
Electrosurgical instruments & accessories is the top potential target market for investment for the key players in the electrosurgical devices market, and its demand is expected to increase owing to rise in the surgical procedures and the adoption of electrosurgical devices in all types of surgical procedures performed across Asia-Pacific.
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By country, Japan accounted for the largest share in the Asia-Pacific electrosurgical devices market in 2015. The growth is mainly driven by the emerging economies and increase in investment in the healthcare sector.
The key players profiled in the report include B. Braun Melsungen AG (Germany), Bovie Medical Corporation (U.S.), Megadyne Medical Products Inc. (U.S.), CONMED Corporation (U.S.), Medtronic plc. (Ireland), Johnson & Johnson (U.S.), ERBE Elektromedizin GmbH (Germany), KLS Martin Group (Germany), Olympus Corporation (Japan), and Utah Medical Products, Inc. (U.S.).
The growth of the electrosurgical device market is estimated to be catalyzed by opportunities in untapped, emerging markets with high potential due to improving healthcare infrastructure, unmet healthcare needs, rise in chronic diseases, and increased demand for minimally invasive surgeries.
The healthcare industry in the Asia-Pacific is developing at a significant rate due to augmentation in demand for better healthcare services, significant investments by government to improve healthcare infrastructure, and growth of medical tourism industry in emerging countries.