The Global Electrosurgery Market accounted to USD 4.30 billion in 2016 growing at a CAGR of 4.0% during the forecast period of 2019 to 2026.
Market Definition: Electrosurgery Market
Electrosurgery uses high frequency electric current for the cutting of tissues during surgery with maximum accuracy and least blood loss and injury to connecting tissues. For the purpose of producing high frequency electric current electrosurgery generators are used. Electrosurgical procedures are used in a wide range of medical fields which includes urology, gynecology, gastroenterology, pneumology, abdominal surgery, general surgery, and others.
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Major Market Drivers & Restraints are as follows:
- Increasing Number Of Minimally Invasive Surgeries
- Rising Amount of Age-Related Surgeries
- Technological Advancements
- Stringent U.S. Regulations For Electrosurgical Devices
- Growing Rating Pressure On Players
- High Competition In The Market
Key Market Competitors: Electrosurgery Market
Few of the major competitors are 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 among others
The report gives the details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.
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Market Segmentation: Electrosurgery Market
By product type the global electrosurgery market is segmented into electrosurgical generators, electrosurgical instruments, which is again bifurcated into bipolar electrosurgical instruments and monopolar electrosurgical instruments. Bipolar electrosurgical instruments are further segmented into advanced vessel sealing instruments, and bipolar forceps. Monopolar electrosurgical instruments are divided into suction coagulators, electrosurgical pencils, electrosurgical electrodes, and monopolar forceps. Electrosurgical accessories are bifurcated into patient return electrodes or dispersive electrodes, cables, cords, & adapters and Others (Foot Switches, Carts, and Tip Cleaners), Argon & smoke management systems.
On the basis of surgery the global electrosurgery market is segmented into gynecological surgeries, cosmetic surgeries, orthopedic surgeries, general surgeries, neurosurgeries, and others.
On the basis of geography, global electrosurgery market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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The global electrosurgery market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electrosurgery market for global, Europe, North America, Asia Pacific and South America.
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