Electrosurgery Market size was valued at USD 5.8 Bn. in 2021 and the total Electrosurgery Market revenue is expected to grow at 6.1 % from 2022 to 2029, reaching nearly USD 9.31 Bn.
Electrosurgery Market Overview:Electrosurgery is a term used to describe multiple modalities that uses electricity to cause thermal destruction of tissue through coagulation, dehydration. The rising prevalence of chronic diseases, demand for minimally invasive procedures, innovation and technological advancements in electrosurgical instruments, an increase in hospitals (coupled with an increase in surgical procedures), and a shift in preference for outpatient procedures in developed regions are the main drivers of this market's growth. Electrosurgical equipment is used during surgical intervention to cut, desiccate, coagulate, and fulgurate tissue using a mildly raised electrical charge. Numerous surgical procedures, including vascular surgery, cardiovascular surgery, gynecological surgery, and others, utilize Electrosurgery technologies. These surgical tools use electric current to thermally harm the various tissues that are being targeted. Electrosurgery technologies are utilized in surgical intervention to coagulate, puncture, and fulgurite, as well as efficiently remove tissues. These methods work in conjunction with high-tech tools because they are easy to obtain and improve the efficacy of invasive surgery, Electrosurgery technologies are commonly employed in a variety of laparoscopic medical procedures to lessen patient trauma.
Research Scope:The objective of the report is to present a comprehensive analysis of Global Electrosurgery Market which will be useful to all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are covered in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SWOT, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Electrosurgery Market dynamics, structure by analyzing the market segments and project the Global Electrosurgery Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Electrosurgery Market make the report investor’s guide. To know about the Research Methodology:-Request Free Sample Report
Electrosurgery Market Dynamics:Market Drivers: Electrosurgical methods, minimally invasive surgeries provide a number of advantages, including quicker recovery times, lower post-operative problems, and less pain. Additionally, these techniques are less expensive than standard surgical procedures. For the treatment of a number of illnesses, including liver cancer, heart valve abnormalities, ophthalmic disorders, and spine surgeries, laser and electrosurgical technologies are increasingly being favored over traditional surgical treatments. Laparoscopic surgeries, also known as minimally invasive surgeries, are becoming more and more popular among patients due to a number of benefits, including lower surgical risks, less pain and blood loss, a lower risk of infection, and a shorter postoperative recovery period (resulting in shorter hospital stays and lower costs). Cosmetic, cardiovascular, and gynecological surgeries, for example, call for precision and must be completed quickly. The ease and speed with which such surgeries can be carried out are made possible by Electrosurgery tools like generators and active electrodes, which increases demand for Electrosurgery market. Market Restraints: High-frequency electrical currents are utilized during electrosurgical operations to cut and coagulate tissue. Electric shocks, thermal burns, the production of toxic gases, smoke inhalation, and the spread of infection are all possible side effects of the electrosurgical generator's heat. For instance, a patient in the US suffers burns during laparoscopic surgery every 90 minutes, according to Encision Inc. (US). Additionally, electrosurgical therapy of patients who have pacemakers and defibrillators implanted in their hearts may result in the failure of those devices. If sufficient precautions are not taken during the process, Electrosurgery also carries a high risk of contamination. The market for Electrosurgery is anticipated to increase slowly as a result of these considerations. Market Opportunities: Numerous medical specialties, such as urology, pneumology, gynaecology, gastroenterology, abdominal surgery, general surgery, and others, use electrosurgical techniques. Electrosurgery is used in the majority of significant surgical procedures, including cutting, coagulation, devitalization, and thermo fusion, hence there is a significant unmet need for minimally invasive surgeries. Electrosurgery is preferred over more traditional surgical methods primarily because it is less dangerous for the patient, recovers more quickly, has a lower risk of infection, and is simpler to use. Additionally, electrosurgical operations are simple to perform in an office setting, so it is projected that the use of electrosurgical equipment will increase significantly throughout the forecast period.
Electrosurgery Market Segment Analysis:Based on Surgery Type, General surgery, obstetric/gynaecological surgery, urological surgery, orthopaedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other operations are the different subsectors of the Electrosurgery market. The market for Electrosurgery was dominated in 2021 by the general surgery category. The electrosurgical equipment in general surgery is expanding due to ageing population, rise in surgical facilities, and the expansion of the healthcare sector in developing nations. Based on End-User, Hospitals, clinics, are the end user segments of the Electrosurgery market. Other segments include ambulatory surgical centres, research labs, and academic institutions. In 2021, the hospitals, clinics, and ablation centres held the biggest market share due to the high volume of Electrosurgery treatments and increasing use of minimally invasive techniques. Based on Product type, electrosurgical generators, active electrodes, dispersive electrodes, and various accessories make up the market segments. The development of the active electrode market is being driven by the introduction of technologically upgraded electrodes and the expanding use of disposable electrodes. Electrosurgical techniques require active electrodes as a necessary component. These electrodes come in a variety and are employed depending on the goal of the surgery and the types of tissues involved. As a result, the active electrode segment gained the greatest market share in 2020 and is predicted to hold onto it for the duration of the forecast. The rising use of bipolar equipment is expected to hinder the growth of the dispersive electrodes market. Contrary to monopolar operations, bipolar ones don't need dispersive electrodes.
Electrosurgery Market Regional Insights:In 2020, North America dominated the market. This can be attributable to the substantial local player presence and intense regional competitiveness. During the projected period, a high adoption rate of cutting-edge technology and the presence of knowledgeable people are anticipated to fuel market expansion. With a sizable client base, the U.S., which in 2015 had the biggest market share worldwide, controls the industry dynamics. The government's policies, the country's economy, and the well-established healthcare industry all contribute to a favourable environment for market expansion. For instance, the nation lacks C-codes for electrosurgical equipment. For the c-code devices, hospitals are not paid any extra money. The elements projected to drive growth in the Asia Pacific region include fast-paced economic development, increasing foreign direct investments, and increased public awareness of cutting-edge, minimally invasive surgical instruments.
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Electrosurgery Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 5.8 Bn. Forecast Period 2022 to 2029 CAGR: 6.1% Market Size in 2029: US $ 9.31 Bn. Segments Covered: by Surgery Type • General surgery • Obstetric/gynecological surgery • Urological surgery • Orthopedic surgery • Cardiovascular surgery • Cosmetic surgery • Neurosurgery • Oncological surgery by End-user • Hospitals • Clinics • Ambulatory Surgical Centers • Others by Product type • Electrosurgical generators • Active electrodes • dispersive electrodes • various accessories
Electrosurgery Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Electrosurgery Market Key Players• Olympus Corporation • Medtronic PLC • B. Braun Melsungen AG • Applied Medical Resources Corporation • Ellman International, Inc. • Conmed Corporation • Bovie Medical Corporation • Erbe Elektromedizin GmbH • Johnson & Johnson • Covidien plc • KLC Martin Group • Utah Medical Products, Inc. • Kirwan Surgical Products • Smith and Nephew • Parkell, Inc. • Megadyne Medical Products, Inc. • ATMOS, Inc. • XcelLance Medical Technologies Pvt. Ltd. • Prima Medical • Bowa-Electronic GmbH & Co. Kg FAQs: 1. Which is the potential market for the Electrosurgery Market in terms of the region? Ans. In North America region, the growing business and are expected to help drive the use of collaborative screens. 2. What are the opportunities for new market entrants? Ans. The key opportunity in the market is new initiatives from governments that provide funding for Electrosurgery Markets in hospital sectors. 3. What is expected to drive the growth of the Electrosurgery Market in the forecast period? Ans. A major driver in the Electrosurgery Market by the COVID-19 pandemic 4. What is the projected market size & growth rate of the Electrosurgery Market? Ans. The Electrosurgery Market size was valued at US$ 5.8 Billion in 2021 and the total Electrosurgery Market revenue is expected to grow at 6.1 % through 2021 to 2029, reaching nearly US$ 9.31 Billion. 5. What segments are covered in the Electrosurgery Market report? Ans. The segments covered are Surgery type, Battery type, Product type and by Region
1. Global Electrosurgery Market: Research Methodology 2. Global Electrosurgery Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Electrosurgery Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Electrosurgery Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Electrosurgery Market Segmentation 4.1 Global Electrosurgery Market, by Surgery Type (2021-2029) • General surgery • obstetric/gynecological surgery • urological surgery • orthopedic surgery • cardiovascular surgery • cosmetic surgery • Neurosurgery • oncological surgery 4.2 Global Electrosurgery Market, by End-User (2021-2029) • Hospitals • Clinics • Ambulatory Surgical Centers • Others 4.3 Global Electrosurgery Market, by Product Type (2021-2029) • Electrosurgical generators • Active electrodes • dispersive electrodes • various accessories 5. North America Electrosurgery Market (2021-2029) 5.1 North America Electrosurgery Market, by Surgery Type (2021-2029) • obstetric/gynecological surgery • urological surgery • orthopedic surgery • cardiovascular surgery • cosmetic surgery • Neurosurgery • oncological surgery 5.2 North America Electrosurgery Market, by End-User (2021-2029) • Hospitals • Clinics • Ambulatory Surgical Centers • Others 5.3 North America Electrosurgery Market, by Product Type (2021-2029) • Electrosurgical generators • Active electrodes • dispersive electrodes • various accessories 5.4 North America Electrosurgery Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Electrosurgery Market (2021-2029) 6.1. European Electrosurgery Market, by Surgery Type (2021-2029) 6.2. European Electrosurgery Market, by End-User (2021-2029) 6.3. European Electrosurgery Market, by Product Type (2021-2029) 6.4. European Electrosurgery Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Electrosurgery Market (2021-2029) 7.1. Asia Pacific Electrosurgery Market, by Surgery Type (2021-2029) 7.2. Asia Pacific Electrosurgery Market, by End-User (2021-2029) 7.3. Asia Pacific Electrosurgery Market, by Product Type (2021-2029) 7.4. Asia Pacific Electrosurgery Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Electrosurgery Market (2021-2029) 8.1 Middle East and Africa Electrosurgery Market, by Surgery Type (2021-2029) 8.2. Middle East and Africa Electrosurgery Market, by End-User (2021-2029) 8.3. Middle East and Africa Electrosurgery Market, by Product Type (2021-2029) 8.4. Middle East and Africa Electrosurgery Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Electrosurgery Market (2021-2029) 9.1. South America Electrosurgery Market, by Surgery Type (2021-2029) 9.2. South America Electrosurgery Market, by End-User (2021-2029) 9.3. South America Electrosurgery Market, by Product Type (2021-2029) 9.4. South America Electrosurgery Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Johnson & Johnson. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Olympus Corporation 10.3 Medtronic PLC 10.4 B. Braun Melsungen AG 10.5 Applied Medical Resources Corporation 10.6 Ellman International, Inc. 10.7 Conmed Corporation 10.8 Bovie Medical Corporation 10.9 Erbe Elektromedizin GmbH 10.10 Johnson & Johnson 10.11 Covidien plc 10.12 KLC Martin Group 10.13 Utah Medical Products, Inc. 10.14 Kirwan Surgical Products 10.15 Smith and Nephew 10.16 Parkell, Inc. 10.17 Megadyne Medical Products, Inc. 10.18 ATMOS, Inc. 10.19 XcelLance Medical Technologies Pvt. Ltd. 10.20 Prima Medical 10.21 Bowa-Electronic GmbH & Co. K