In 2021, Electrosurgical Devices Market is valued at USD 5741.07 Million and expected to reach USD 8451.68 Million by 2028 with a CAGR of 5.68% over the forecast period.
The Global electrosurgical devices market report is segmented on the basis of method, product, application, and regional & country level. Based on the method electrosurgical devices market is classified as monopolar and bipolar. Based upon product type the market is segmented into electrosurgical generators, active electrodes, dispersive electrodes, and other accessories. Based upon application the market is segmented into hospitals, ambulatory surgical centers, and others.
Global Electrosurgical Devices Market Segmentation:
• Electrosurgical Generators,
• Active Electrodes,
• Dispersive Electrodes,
• Other Accessories
• Ambulatory Surgical Centers
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Electrosurgical Devices Market Key Players:
Global electrosurgical devices market report covers prominent players like,
· Olympus Corporation
· Ethicon US LLC
· Boston Scientific Corporation
· B. Braun Melsungen AG
· CONMED Corporation
· Erbe Elektromedizin GmbH
· Kirwan Surgical Products, LLC
· BOVIE MEDICAL
· Parkell, Inc.
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Scope of the Global Electrosurgical Devices Market Report:
Electrosurgical devices utilize high-frequency alternating polarity, and electrical current during surgical procedures to coagulate, desiccate, or cut the tissue. Electrosurgical devices render non-toxic and low-cost surgeries, with early recovery and the least chance of infection after the surgery. The devices contribute a considerable portion of total device sales in the market due to the necessity for specialized instruments and the high application of single-use instruments like arthroscopic probes and other dedicated systems.
The advantages of this technique over the conventional scalpel are simultaneous cutting and coagulating and ease of use in several procedures (including surgical endoscopy procedures). Electrosurgery is normally used in dermatological, gynecological, cardiac, plastic, ocular, spine, ENT, orthopedic, and general surgical procedures as well as certain dental procedures. These systems include an electrosurgical generator (i.e., power supply, waveform generator) and a handpiece including one or several electrodes. Patients prefer electrosurgery over other surgeries owing to their benefits such as minimal chances of infection, faster recovery time, ease of usage, and a low risk to patients.
Global Electrosurgical devices Market Regional Analysis:
North America dominates the electrosurgical device market due to awareness and increasing demand for minimally invasive surgeries are helping this market grow. According to the American Heart Association, cardiovascular disease accounted for nearly 836,546 deaths in the United States (US). in 2018. That is about 1 of every 3 deaths in the US. According to the Centers for Disease Control and Prevention, skin cancer is the most common form of cancer in the US. Such disorders have resulted in a burden on the general population. However, the healthcare system of American countries, especially the US and Canada, is highly developed with a total expenditure of 17.9% and 11% of GDP respectively according to OECD.
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Global Electrosurgery Devices Market Dynamics
Increasing incidence of chronic disease, growing geriatric population, and rising technological advancements in electrosurgical devices to make them safer and more efficient are some factors driving the growth of this market. According to National Health Council, usually incurable and ongoing, chronic diseases affect around 133 million Americans, representing more than 40% of the total population of this country. By 2020, that number is projected to grow to an estimated 157 million, with 81 million having various situations. However, strict government regulations for product approval are expected to hamper market growth. Moreover, the high market potential in untapped emerging economies is expected to provide lucrative growth opportunities for the market.
On Special Requirement Global Electrosurgical Devices Market. The report is also available for the below Regions and Countries: –
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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