Ablation, dissection, coagulation, resection are the preferred procedures in every operating room. Advancement in surgical plasma technology with fourth state of matter to vaporise tissue is providing a new dimension to surgeons in laparoscopic, ENT and maxillofacial procedures. Manufacturers are focusing on expanded indication for application of plasma surgery devices.
Plasma technology-based cut coagulation and surgical plasma ablation systems have already made significant impact on how ablation procedure is performed and are being widely adopted in modern surgical practices. A new research study of Persistence Market Research (PMR) suggests that the global market for plasma surgery will surpass the revenues worth US$ 56 Mn and there would be healthy adoption of plasma surgery throughout the next decade.
Plasma surgery is a medical technique that utilizes a high-energy plasma beam to perform precise and minimally invasive surgeries. This technique is gaining popularity due to its advantages such as faster healing, less pain, and fewer complications compared to traditional surgical methods. Plasma surgery can be used in various medical fields such as dermatology, ophthalmology, gynecology, and others. The global plasma surgery market is expected to grow significantly in the coming years due to the increasing demand for minimally invasive surgeries.
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Company Profiles:
- Plasma Surgical
- Mechan Europe Ltd
- Bovie Medical Corporation (Apyx Medical Corporation)
- CONMED Corporation
Key Takeaways – Plasma Surgery Market Study
- Significant advantages of plasma surgery system, increasing awareness for plasma technology, improving reimbursement scenarios for surgical reconstruction, and wider indication pool for dissection, coagulation and ablation are key factors influencing the plasma surgery market in developing regions.
- High upfront cost is posing a negative impact on end users’ decision to purchase plasma surgery systems. To resolve this issue, manufacturers are offering plasma surgery systems at a competitive pricing lowering plasma generator cost and probe cost.
- Plasma ablation systems with high level precision and procedural advantage over laser- guided electrosurgery are expected to generate significant revenue.
- Increasing adoption of plasma surgery for dissection in ENT intervention as compared to ablation procedure marks higher revenue potential.
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Key Players Prioritize Strategic Acquisitions for Regional Stronghold
Key manufacturers are entering the plasma surgery market by strategically focusing on mergers and acquisitions, considering the disruptive technology of these systems. Manufacturers are focusing on expanded indication and application to increase profitability. In reference to these market changes, another prominent factor affecting the plasma surgery market is the entry of upstream and downstream manufacturers. Market leaders are continuously striving to strengthen their market leadership.
In 2018, Bovie Medical Corporation agreed to sale its core business to Symmetry Surgical Inc. in a deal with an equity value of roughly $97 million in cash. With Bovie Medical portfolio, Symmetry acquired Renuvion™ system, used in cosmetic technology and cosmetic surgery.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on plasma surgery in its latest study, presenting historical demand assessment from 2014 – 2018 and projections from 2019 – 2029 on the basis of product category (neutral plasma surgery system, plasma ablation systems and cold plasma surgical systems), application (ablation, resection and dissection), and end user (speciality clinics, ambulatory surgical centers and hospitals) in seven key regions.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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