The global bipolar electrosurgical device market is segmented into surgery such as general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery and others. Among these segments, neurosurgery segment is projected to be the fastest growing segment by 2024. Likely, rising demand for bipolar electrosurgical devices for sensitive cases such as neurology is predicted to propel the growth of global neurosurgery market. Moreover, increasing government initiatives and funding to improve healthcare infrastructure is also positively impacting the growth of bipolar electrosurgical device market.
Global bipolar electrosurgical device market is projected to register a 5.5 % CAGR over the forecast period. Moreover, the global bipolar electrosurgical device market is anticipated to reach at noteworthy revenue by 2024. The market is expected to expand on the back of developing healthcare infrastructure.
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The advanced vessel sealing instrument by type is expected to witness a remarkable CAGR by the end of 2024. Further, adoption of innovative technology for sensitive surgeries such as neurosurgery, ophthalmology and others is believed to flourish the growth of global advanced vessel sealing instrument market. In terms of regional platform, North America region grabbed the biggest market of bipolar electrosurgical device in terms of revenue aided by U.S. Apart from this, Asia-Pacific region is believed to show a tremendous growth during the forecast period.
Increasing Geriatric Population
Increasing number of old age population across the globe coupled with growing demand for safe surgical devices is believed to be the dynamic factor behind the rapid growth of bipolar electrosurgical device market. In addition to this, with 55.3% in 2015, Asia-Pacific accounts the largest geriatric population over the globe. Apart from this, growing number of chronic diseases is also predicted to intensify the growth of bipolar electrosurgical device market.
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Rising Government Spending to Develop Healthcare Infrastructure
Rising healthcare expenditure on the back of positive GDP figures of the developed and developing nations such as U.S., China and others is one of the major factors fostering the market of bipolar electrosurgical device. Furthermore, favorable government initiatives, increasing research and development activities in the field of bipolar electrosurgical devices and rising ambulatory surgery services are some of the factors fuelling the growth of bipolar electrosurgical device market.
On the contrary, high cost of bipolar electrosurgical device is projected to dampen the market of bipolar electrosurgical device.
The report titled “Bipolar Electrosurgical Device Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global bipolar electrosurgical device market in terms of market segmentation by type, by Surgery and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global bipolar electrosurgical device market which includes company profiling of Olympus Corporation, Lamidey noury médical, B. Braun Melsungen AG, DTR Medical, Bovie Medical, DRE Medical, Bard Medical, Special Medical Technology, Applied Medical and Union Medical. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bipolar electrosurgical device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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