Global Electrosurgery Industry Expected To Undergo Major Paradigm Shift - Find Out Your Answers Here

By Author: MarketsandMarkets
Total Articles: 82
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Research Methodologies Followed for This Study:

Primary Research:

The Electrosurgery Market comprises several stakeholders, such as manufacturers of electrosurgery devices, instruments and accessories, suppliers, hospital surgical & ablation centers, and ambulatory centers. The demand side of this market is characterized by the global rise in minimally invasive surgeries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Secondary Research:

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B, Bloomberg Businessweek, and Factiva) were referred to in order to identify and collect information for this study.

Overview:

The study involved four major activities in estimating the current market size for the electrosurgery market. Exhaustive ...
... secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Projected Revenue Surge:

The global electrosurgery market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%.

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Growth Driving Factors:

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.

Key Questions Addressed by the Report:

# What are the growth opportunities related to the adoption of electrosurgery devices and instruments across major regions in the future?
# Emerging countries have immense opportunities for the growth and adoption of electrosurgery devices and instruments. Will this scenario continue in the next five years?
# Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
# What are the new trends and advancements in the electrosurgery market?
# What are the different trends and dynamics that will shape the future of the global market?

End Users:

The hospitals, clinics, & ablation centers segment accounted for the largest market share in 2018

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 2018. 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.

Geographical Growth Dynamics:

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.

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Global Leading Companies:

In 2018, the electrosurgery market was dominated by 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).