Global Electrosurgical Devices Market is expected to reach USD 8.6 Bn by 2027, at a CAGR of 4.17 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Electrosurgical Devices Market
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Global Electrosurgical Devices Market Dynamics:
The electrosurgical devices industry is a multi-billion-dollar market, which consists of numerous companies involved in the manufacturing of generators and instruments as well as electrosurgical accessories to support the increasing demand for electrosurgical devices.
Electrosurgical devices make use of high-frequency electrical current to coagulate, cut, fulgurate tissue, dehydrate and can be performed using either monopolar or bipolar-energy in conjunction with a specialized instrument. Each of these two practises has specific advantages and understanding the difference between the two can help you realize the differences in how they’re used.
Currently, various minimally invasive surgeries, such as laparoscopy, thoracoscopy, coronary bypass surgery, and endoscopy, surgery of the face, endoscopic brow, and facelift, among others have been performed using electrosurgical devices. Minimized post-operative recovery time, limited blood loss, and improved efficiency of surgical procedures are the most prominent factors facilitating the growth of incorporation of electrosurgical devices in the surgical industry.
Electrosurgical devices are essential solutions for the medical devices companies that are facing an increasing level of demand for high productivity and cost reduction. Advancement in technology and the presence of skilled professionals are expected to drive Global Electrosurgical Devices Market growth during the forecast period.
The restraints of the market are that most of the electrosurgical devices are categorized as Class III devices, which take considerably longer time for approval. Furthermore, the growth is expected to limit due to factors such as lack of skilled professionals and the high price of the devices.
Segment Analysis of the Global Electrosurgical Devices Market:
Based on the method, the market is segmented as monopolar and bipolar electrosurgical devices. The bipolar method captured the largest share in 2019. Monopolar devices have some risks, including unintended burns, current shunting, and stimulation of tissues, on the other hand, bipolar procedures are safer, even in patients with a pacemaker. The bipolar method is anticipated to experience growth with its growing applications in sensitive cases, including those pertaining to neurology, ophthalmology, and otolaryngology.
Regional Insights of the Global Electrosurgical Devices Market:
North America has dominated the market in 2019 and is expected to continue to lead the market. This can be assigned to the local presence of a large number of players and a high level of competition in this region. The U.S., which held the largest share of the global market in 2019, is the decider of the market dynamics with a large customer base. The country’s government policies, economy, as well as the well-established healthcare sector, provide a favorable scenario for market growth.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Electrosurgical Devices dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence.
Global Electrosurgical Devices Market, Key Highlights:
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Electrosurgical Devices Market are also profiled.
Scope of the Global Electrosurgical Devices Market Report: Inquire before buying
Global Electrosurgical Devices Market, by Method
Global Electrosurgical Devices Market, by Product
• Electrosurgical Generators
• Active Electrodes
• Dispersive Electrodes
• Other Accessories
Global Electrosurgical Devices Market, by Application
• Ambulatory Surgical Centers
Global Electrosurgical Devices Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Electrosurgical Devices Market Key Players:
• Applied Medical (U.S.)
• Arthrex (U.S.)
• Atricure (U.S.)
• B. Braun Melsungen AG (Germany)
• Bovie Medical Corporation (U.S.)
• Bowa Electronic GMBH & Co. KG (Germany)
• Conmed Corporation (U.S.)
• Depuy Synthes (U.S.)
• Erbe Electromedizin GMBH (Germany)
• Johnson & Johnson (Ethicon) (U.S.)
• Maxer (Germany)
• Medtronic (Covidien) (Ireland)
• Olives (India)
• Olympus Corporation (Japan)
• Richard Wolf medical instruments Corporation (U.S.)
• SKLAR (U.S.)
• Smith & Nephew PLC (U.K.)
• Stryker (U.S.)
• Symmetry surgical (U.S)
• Symmetry Surgical Inc. (U.S.)
• Telea electronics engineering (Italy)
• Utah Medical Products Inc. (U.S.)
• UZUMCU (Turkey)
• Wisap medical technology (Germany)
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