Electrosurgery Market Size, Share, Trends, Analysis and Forecast 2027

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Latest Study on “Electrosurgery Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.

The global Electrosurgery market size is expected to be worth around US$ 12.4 Billion by 2027, according to a new report by nova one advisor.

The global Electrosurgery market size was valued at US$ 8.2 billion in 2020 and is anticipated to grow at a CAGR of 7.4% during forecast period 2021 to 2027.

The growth in this market is driven by technological advancements in electrosurgical instruments; the increasing demand for minimally invasive surgeries; the growing number of medical, cosmetic, and age-related surgeries performed; and the rising number of ambulatory surgery centers. However, risks associated with electrosurgical procedures are expected to restrain the growth of the market.

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The electrosurgical instruments segment accounted for the largest share of the global electrosurgery market in 2020.
Based on product, the market is segmented into generators, instruments, accessories, and smoke evacuation systems. The electrosurgical instruments segment accounted for the largest share of the global electrosurgery market in 2018. This segment is also estimated to grow at the highest CAGR from 2021 to 2027. The large share of this segment can be attributed to the high usage volume of disposable and reusable electrosurgical instruments. In addition, technological advancements in electrosurgical instruments and the increasing number of cosmetic and plastic surgeries are stimulating the growth of this segment.

The general surgery segment accounted for the largest share of the electrosurgery market in 2020.
On the basis of type of surgery, the market is segmented into general surgery, gynecology surgery, urological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other surgeries. The general surgery segment accounted for the largest share of the market in 2020. The large share of this segment can be attributed to the rising geriatric population and the subsequent increase in the prevalence of various diseases/conditions, the growing volume of surgical procedures performed, and the rising prevalence of obesity.

The hospitals, clinics, & ablation centers segment accounted for the largest market share in 2020
On the basis of end users, the electrosurgery market is segmented into hospitals, clinics, & ablation centers; ambulatory surgical centers; and research laboratories & academic institutes. The hospitals, clinics, & ablation centers segment accounted for the largest market share in 2020. The large share of this segment can be attributed to a large number of electrosurgery procedures performed in hospitals, the growing demand for minimally invasive procedures, and the rising adoption of advanced imaging modalities to improve workflow efficiency in hospitals.

The Asia Pacific region is expected to grow at the fastest rate during the forecast period.

The electrosurgery market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is one of the major revenue-generating regions in the market. This market is expected to show high growth in the coming years, mainly due to the increasing patient population, growing demand for minimally invasive surgeries, improvements in healthcare systems, and growing research activities.

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Electrosurgery market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Electrosurgery market include Medtronic (Ireland), Ethicon, Inc. (US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Applied Medical Resources Corporation (US), CONMED Corporation (US), Apyx Medical Corporation (US), Boston Scientific (US), Smith & Nephew plc (UK), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), BOWA-electronic GmbH & Co KG (Germany), CooperSurgical, Inc. (US), Kirwan Surgical Products LLC (US), Zimmer Biomet Holdings, Inc. (US), Utah Medical Products, Inc. (US), Encision Inc. (US), Meyer-Haake GmbH (Germany), Surgical Holdings (UK), I. C. Medical, Inc (US), ATMOS Inc. (US), Parkell, Inc. (US), Bissinger Medizintechnik GmbH (Germany), CIMPAX (Denmark), and KENTAMED Ltd. (Bulgaria).

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Electrosurgery Market, by Product

  • Electrosurgical Generators
  • Electrosurgical Instruments
  • Bipolar Electrosurgical Instruments
    • Advanced Vessel Sealing instruments
    • Bipolar Forceps
  • Monopolar Electrosurgical Instruments
    • Electrosurgical Pencils
    • Electrosurgical Electrodes
    • Suction Coagulators
    • Monopolar Forceps
  • Electrosurgical Accessories
  • Patient Return Electrodes
  • Cords, Cables, and Adapters
  • Other Accessories

Electrosurgery Market, by Type of Surgery

  • General Surgery
  • Obstetrics/Gynecology Surgery
  • Urological Surgery
  • Orthopedic Surgery
  • Cardiovascular Surgery
  • Cosmetic Surgery
  • Neurosurgery
  • Oncological Surgery
  • Other Surgeries

Electrosurgery Market, by End User

  • Hospital, Clinics, & Ablation Centers
  • Ambulatory Surgical Centers
  • Research Laboratories & Academic Institutes

Regional Segmentation:

– North America Region (U.S., Canada, Mexico)

– Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

– Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

– South America Region (Brazil, Argentina, Columbia, Rest of South America)

– The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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Key Points Covered in Electrosurgery Market Survey

  • Demand will remain high in the U.S., backed by favourable reimbursement policies and presence of some of the leading market players.
  • Europe will continue showcasing high demand. Sales will remain high, especially in the U.K., Germany, France, and other countries.
  • China and India will exhibit high demand for Electrosurgery, backed by expanding healthcare sector.
  • Focus on research and development will increase in Brazil, creating opportunities for the expansion of the Electrosurgery market.
  • Hospitals are expected to showcase higher demand for Electrosurgery on account of greater access to advanced technologies and higher footfall of patients.
  • Driven by the presence of some of the leading pharmaceutical producers, demand in the Japan Electrosurgery market will continue increasing at a high pace.

Some of the key highlights covered in the report include:

  • Electrosurgery Market Demand-Supply Analysis -The report covers detailed insights into demand and supply forces prevailing in the global Electrosurgery market. It examines trends and factors influencing demand for Electrosurgery globally and gauges the impact of the same on the production.
  • Electrosurgery Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.
  • Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.
  • Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for Electrosurgery across the world.
  • Competitive Analysis – Some of the leading market players are profiled in the report on Electrosurgery. The report offers estimation of share individually helps by the market players and determines the impact of some of their popular strategies.
  • COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.
  • Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global Electrosurgery market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Electrosurgery are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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