The Global Electrosurgical Generators Market was valued at USD 1.48 billion in 2019 which is expected to reach USD 23.2 billion by 2027 at a CAGR 8.3% over the forecast period. According to Qualiket Research study the global electrosurgical generators market is anticipated highly competitive business landscape from 2020 to 2027. The report covers the detailed analysis of COVID-19 impact on global electrosurgical generators market growth during this forecast period.
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During Electrosurgery high-frequency electric current is used, but electric current may cause damage to the surrounding tissues and may lead heavy blood loss. So, to prevent heavy blood lost electrosurgical generators are used. These are classified into two types such as monopolar and bipolar. Electrosurgical generators have wide range of benefits such as less invasive, swift post-surgery recovery, and cause minimum infection.
Market Drivers
Increase in preference for minimally invasive procedures as well as increase in prevalence of chronic diseases like cancer and kidney diseases considered as key driving factors which are expected to boost the global electrosurgical generators market growth. According to WHO (World Health Organization) cancer is leading cause of death globally, around 8.8 million deaths in 2015. Furthermore, rapid geriatric population and increase in awareness among people will have the positive impact on market growth. Moreover, increase in technological advancements in electrosurgical generators will drive the market growth. For instance, in May 2019, Olympus had launched its new ESG-150 electrosurgical generator which supply high frequency electrical current that powers many endoscopic devices.
Regional Analysis
On the basis of region, the global electrosurgical generators market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia Pacific is one of the major region revenue generating regions in the global electrosurgical generators market. The market is anticipated to show high growth during this forecast timeline, mainly due to the increase in patient population, the rise in demand for minimally invasive surgeries and an increase in research and development activities in this region.
Market Segmentation
The global electrosurgical generators market is segmented on the basis of type, application, end user, and region.
On the basis of type, the global electrosurgical generators market segmented into Monopolar, and Bipolar.
On the basis of application, the global electrosurgical generators market segmented into Optical, Dermatology, Cardiac, Dental, ENT, Urology, Neurology, and Others.
On the basis of end user, the global electrosurgical generators market segmented into Ambulatory Surgical Centers, Hospitals, and others.
Key Players
Some key operating players are discussed in global electrosurgical generators market report are Medtronic Plc, Elektromedizin GmbH, CONMED Corporation, Erbe Symmetry Surgical, Inc. Olympus, (Bovie), Ethicon (J&J), and DePuy.
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Key Features
- The Global Electrosurgical Generators Market Report covers regional market data along with type, application, and end user.
- The Electrosurgery segment is expected to grow at a highest CAGR from 2020 to 2027.
- The Qualiket Research report provides Qualitative and Quantitative analysis of the market based on segmentation along with economic as well as non-economic factors.
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