The use of a high-energy alternating current to raise the intracellular temperature in order to accomplish vaporization or a combination of desiccation and protein coagulation of biological tissues is referred to as electrosurgery. Electrosurgical devices are used in cardiology, cosmetology, dermatology, urology, general surgery, and gynecology.
The global electrosurgical devices market was worth US$ 6,087.3 million in 2020 and is expected to grow to US$ 9,677.6 million by 2027.
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Rising demand for minimally invasive surgeries is expected to fuel the global electrosurgical devices market growth during the forecast period. Electrosurgical devices have been extensively used in the fields of open surgery, gynecology, laparoscopic operations, cosmetology, and flexible endoscopic treatments for minimally invasive surgeries. Lesser hospital stays, smaller incisions, fewer post-surgical problems, and faster recovery are all advantages of minimally invasive surgery. These benefits encourage patients and assist to increase the number of people who choose minimally invasive surgery.
Furthermore, the increasing elderly population is expected to increase the demand for electrosurgical devices. According to the US Census Bureau, by 2034 the elderly population in the U.S. is expected to reach 77 million.
In 2019, General Surgery accounted for the largest share in the global electrosurgical devices market, representing 31.0% of the market share, trailed by Gynecology and Cardiology, respectively.
The global electrosurgical devices market is expected to be hampered by stricter regulations for device approval and product recalls.
Electrosurgery complications are also expected to hinder the global electrosurgical devices market growth over the forecast period. Electrosurgery has been related to a variety of electro-thermal injuries, such as capacitive coupling, direct coupling, insulation failure, and other mechanisms.
Major players operating in the global electrosurgical devices market can expect attractive development possibilities as the prevalence of less invasive techniques in cosmetology operations expands. Conventional open surgery has given way to the use of less invasive procedures. Forehead lifts, abdominoplasty, chin operations, Neck lifts, and liposuction have all been performed with electrosurgical devices.
Furthermore, rising cancer rates are expected to increase the demand for electrosurgical devices. According to the American Cancer Society, there are 1,762,450 new cases of cancer reported and 606,880 cancer deaths in the U.S. in 2019.
The global electrosurgical devices market was worth US$ 5,698.4 million in 2019 and is expected to grow to US$ 9,677.6 million by 2027 at a CAGR of 6.8% during the forecast period 2020-2027.
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Market Trends/Key Takeaways
Key players in the global electrosurgical devices market are focusing on collaboration tactics to increase their market share. Lexington Medical, a medical device company based in the U.S., joined with BOWA Medical in July 2020. The companies will together market and distribute the AEON and LOTUS portfolios in a number of global markets under the terms of the agreement.
Key market players are also concentrating on the approval and introduction of new goods in order to enhance their product range. For instance, Gala Therapeutics, Inc. obtained CE Mark in the European Union in September 2019 for its RheOx system, which sends non-thermal energy to the airways in a minimally invasive treatment known as Bronchial Rheoplasty to decrease mucus-producing cells in individuals with chronic bronchitis.
Regulations
U.S.
- FDA has developed this guidance document to assist the industry in preparing premarket notification (510(k)) submissions for electrosurgical devices intended for use in general surgery. These devices are designed to cut and/or remove tissue and control bleeding through the use of a high-frequency electrical current. For the purpose of this guidance, electrosurgical devices may also be called radiofrequency (RF) devices or high- frequency (HF) devices.
- Other been classified under other medical panels which come under section 872.4920, 876.4300, 882.4400, 884.4150, 886.4100, 886.4115
Europe
- Devices classified under rule 9 are the active therapeutic devices intended to administer or exchange energy. Devices classified by this rule are mostly electrical equipment used in surgery such as lasers and surgical generators. In addition, there are devices for specialized treatment such as radiation treatment.
- High-frequency electrosurgical generators and electrocautery equipment, including their electrodes, are counted under Class Iib with a CE marking
Global Electrosurgical Devices Market: Competitive Landscape
Some of the key players contributing to the global electrosurgical devices market are Encision Inc., Boston Scientific Corporation, Medtronic Plc, Johnson & Johnson Services, Inc., Erbe Elektromedizin GmbH, BOWA-Electronic GmbH & Co. KG, Apyx Medical Corporation, Bovie Medical Corporation, Symmetry Surgical Inc., Conmed, B. Braun Melsungen AG, KLS Martin, Gala Therapeutics, Inc., and Olympus Corp.
Key players in the global electrosurgical devices market are focusing on new product approvals and launch to grow their product range. For instance, Encision Inc., a manufacturer of Active Electrode Monitoring Technology that eliminates harmful stray electrosurgical burns in minimally invasive surgery, will release AEM 2X enTouch Scissors in August 2020.
Furthermore, Apyx Medical Corporation obtained the US Food and Drug Administration 510(k) clearance in October 2019 to market and distribute the Apyx Plasma/RF Handpiece, a new Renuvion device.
Reasons to Purchase this Report
• Current and future of global Electrosurgical Devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Electrosurgical Devices Market Size Analysis
11.6 COVID-19 Outbreak: Electrosurgical Devices Industry Impact
Chapter 2 Global Electrosurgical Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Electrosurgical Devices (Volume and Value) by Type
2.3 Global Electrosurgical Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Electrosurgical Devices Sales, Consumption, Export, Import by Regions
Chapter 5 North America Electrosurgical Devices Market Analysis
Chapter 6 East Asia Electrosurgical Devices Market Analysis
Chapter 7 Europe Electrosurgical Devices Market Analysis
Chapter 8 South Asia Electrosurgical Devices Market Analysis
Chapter 9 Southeast Asia Electrosurgical Devices Market Analysis
Chapter 10 Middle East Electrosurgical Devices Market Analysis
Chapter 11 Africa Electrosurgical Devices Market Analysis
Chapter 12 Oceania Electrosurgical Devices Market Analysis
Chapter 13 South America Electrosurgical Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Electrosurgical Devices Business
Chapter 15 Global Electrosurgical Devices Market Forecast (2021-2028)
Chapter 16 Conclusions
Research Methodology
Continued….
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