Electrosurgical Devices Market Overview by Industry Chain Information, Upstream Raw Materials & Downstream Industry
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Market Size – USD 4.80 billion in 2019, Market Growth - CAGR of 6.3%, Market Trends – Increasing demand for the minimally invasive surgeries
VANCOUVER, BC, CANADA, November 15, 2022 /EINPresswire.com/ -- The global Electrosurgical Devices Market will be worth USD 7.62 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing investments of the major market players to produce technologically advanced electrosurgical devices. The high prevalence of obesity and cardiovascular diseases among the population is expected to drive the growth of the market over the forecast period.
The increase in funding of the government in order to establish innovative technologies and to improve the healthcare infrastructure is most likely to present lucrative opportunities for the market players over the forecast period. The growing number of cosmetic surgeries due to the rising investments in aesthetic procedures are projected to drive the demand for the devices. Growing awareness among the population about the advanced surgical procedure presents growth opportunities for the market players.
Lack of skilled professionals and the high cost of surgeries might be a barrier to the growth of the market over the forecast period. Stringent rules and regulations of the government regarding product approval are expected to hamper the development of the industry. Increase in the number of product recalls due to safety issues will restrict the industry's growth.
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Electrosurgical Devices business analysis covers techniques of key players including comprehensive information on key business developments, Company Overview, Financial Highlights, Product Portfolio, SWOT Analysis, Key Strategies, and Developments.
Electrosurgical Devices Market Main competitors are:
Olympus Corporation, Covidien PLC, Boston Scientific, Ethicon, Inc., B. Braun Melsungen AG, Bovie Medical Corporation, Smith and Nephew, Medtronic PLC, Johnson & Johnson, and Conmed Corporation, among others.
Some Key Highlights from the Report
In June 2020, Boston Scientific announced the launch of the DIRECTSENSE™ technology. The technology is a tool for monitoring the effect of radiofrequency (RF) energy delivery during cardiac ablation procedures.
Bipolar held the largest market share of 61.5% in the year 2019 due to the wide application of the bipolar segment in the cases related to neurosurgery or otolaryngology.
The Active Electrodes is forecasted to grow with the fastest CAGR of 6.4% over the forecast period due to the increasing technological advancement of the active electrodes.
General surgery accounted for the largest market share of the electrosurgical devices market in 2019 due to the increase in demand for minimally invasive surgeries.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the increasing initiatives of the government to improve the healthcare infrastructure.
Read More On The Global Electrosurgical Devices Market Report Here@ https://www.emergenresearch.com/industry-report/electrosurgical-devices-market
Emergen Research has segmented the global Electrosurgical Devices Market on the basis of Method, Product, Surgery Type, and region:
Method Outlook (Revenue, USD Billion; 2017-2027)
Bipolar
Monopolar
Product Outlook (Revenue, USD Billion; 2017-2027)
Active electrodes
Electrosurgical Generators
Dispersive Electrodes
Electrosurgical Instruments and Accessories
Surgery Type Outlook (Revenue, USD Billion; 2017-2027)
Gastroenterology
General surgery
Gynecology
Cosmetic
Neurosurgery
Cardiovascular
Urology
Orthopedic
Others
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The Company that provides Electrosurgical Devices market overviews, analyzes and forecasts market size and growth for the Electrosurgical Devices global market, Electrosurgical Devices market share, Electrosurgical Devices market segments and geographies, Electrosurgical Devices global market players, Electrosurgical Devices global market leading competitor revenues, profiles and market shares. The Electrosurgical Devices global market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
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This report tells you Today how the Electrosurgical Devices market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
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Forecasts to 2027 and other analyses reveal commercial prospects
• In addition to revenue forecasting to 2027, our new study provides you with recent results, growth rates, and market shares.
• You will find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising Electrosurgical Devices prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.
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