The global Electrosurgical Instruments Market size is expected to reach USD 8.17 Billion in 2028 and register a CAGR of 6.6%, according to the latest report by Reports and Data. Key factors such as technological developments in electrosurgical devices, large geriatric population, and increasing demand for reusable and disposable electrosurgical instruments are driving global market revenue growth.
Electrosurgery is a procedure that converts high-frequency alternating current into heat energy and is widely used in various medical surgeries to incise tissue, destroy abnormal skin growth and control bleeding. Electrosurgery has been gaining popularity in recent years due to availability of advanced electrosurgical devices and increasing demand for minimally invasive procedures. Rapidly expanding global population and increasing occurrence of various cardiovascular, gynecological, neurological disorders along with orthopedic illnesses are factors augmenting demand for Electrosurgical Instruments. In addition, increasing investments in the healthcare sector and rising funds for medical instruments by government and private organizations, improvements in healthcare infrastructure, high healthcare expenditure and rising disposable income are key factors boosting global market revenue growth. Moreover, increasing adoption of electrosurgical devices in hospitals, and rising focus of manufacturers to develop advanced coronary electrosurgical generators is expected to boost market growth in the coming years.
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Some key highlights in the report:
- Based on products, the electrosurgical instruments accounted for largest revenue share throughout the forecast period. High revenue growth is attributed to factors such as availability of technologically advanced electrosurgical devices, high demand for reusable and disposable electrosurgical devices rising prevalence of cardiovascular, gynecological, neurological disorders, and rapid increase in the cosmetic and plastic surgeries
- Among the surgery type, the cosmetic surgeries segment is expected to register rapid revenue growth between 2021 and 2028 owing to factors such as increasing awareness about minimally invasive surgeries, improvements in standard of living, and high emphasis on physical appearance.
- Based on end use, the hospital segment is expected to account for significantly large revenue share during the forecast period. Increasing prevalence of various chronic diseases, improvements in the healthcare infrastructure, rising number of surgical procedures, and increasing demand for minimally invasive surgeries are key factors boosting segment revenue growth.
- The electrosurgical/electrosurgery market in North America is expected to account for largest revenue share throughout the forecast period. Factors such as well-established healthcare facilities, availability of advanced electrosurgical instruments and highly skilled healthcare professionals, and presence of key players are fueling market growth in North America.
- Asia Pacific market is expected to register fastest revenue growth over the forecast period owing to factors such as increasing prevalence of chronic disorders, large geriatric population, improving healthcare systems and infrastructure, high demand for and increasing awareness about minimally invasive surgical methods.
Key Players covered in this report are
Medtronic, Ethicon, Inc., Olympus Corporation, B. Braun Melsungen AG, Applied Medical Resources Corporation, Apyx Medical Corporation, Boston Scientific, Smith & Nephew plc, Erbe Elektromedizin GmbH, KLS Martin, BOWA-electronic GmbH & Co KG, CooperSurgical, Inc., Zimmer Biomet Holdings, Inc., Utah Medical Products, Inc., Encision Inc., Meyer-Haake GmbH, Surgical Holdings, I. C. Medical, Inc, ATMOS Inc., Parkell, Inc., and Bissinger Medizintechnik GmbH.
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Electrosurgery Generators
- Electrosurgery Instruments & Accessories
- Electrosurgery Instruments
- Bipolar Instruments
- Advanced Vessel Sealing Instruments
- Bipolar Forceps
- Monopolar Instruments
- Electrosurgery Pencils
- Electrosurgery Electrodes
- Suction Coagulators
- Monopolar Forceps
- Bipolar Instruments
- Electrosurgery Instruments
- Electrosurgery Accessories
- Patient Return Electrodes or Dispersive Electrodes
- Cords, Cables, and Adapters
- Others
- Argon and Smoke Management Systems
Surgery Type Outlook (Revenue, USD Billion; 2018–2028)
- Gynecology
- General surgery
- Gastroenterology
- Urology
- Cardiovascular surgery
- Cosmetic surgery
- Orthopedic surgery
- Neurosurgery
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospital
- Ambulatory Surgical Centers
- Specialized Clinics
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
• In this report, market development trends and marketing channels in the Electrosurgical Instruments industry are analyzed, feasibility of new investment projects is evaluated, and overall conclusions are presented.
This report provides key industry statistics through tables and figures, serving as an invaluable source of information and advice for companies and individuals involved in this sector.
Additionally, this report analyzes development policies and plans, manufacturing processes, and cost structures, as well as import/export consumption figures, supply and demand figures, costs, prices, revenues, and gross margins.
For companies and individuals interested in the Electrosurgical Instruments industry, the Electrosurgical Instruments Market report provides information on the current market status of the Electrosurgical Instruments manufacturers and provides valuable guidance and direction.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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