Electrosurgical Devices Industry Analysis, Size, Growth, Trends and Forecast to 2025
Electrosurgical Devices Market includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, applications, region, segment and future outlook.
Electrosurgical Devices Market includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, applications, region, segment and future outlook.
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<strong>Electrosurgical</strong> <strong>Devices</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Growth</strong>, <strong>Trends</strong><br />
<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2025</strong><br />
“<strong>Electrosurgical</strong> <strong>Devices</strong> Market Report Provides <strong>Analysis</strong> By Method<br />
(Monopolar, Bipolar), By Product (<strong>Electrosurgical</strong> Genera<strong>to</strong>rs, Active<br />
Electrodes, Dispersive Electrodes, Other Accessories), And Segment <strong>Forecast</strong>s,<br />
2014 - <strong>2025</strong>”<br />
The global electrosurgical devices market is expected <strong>to</strong> reach USD 7.2 billion in <strong>2025</strong>. Shifting focus of<br />
surgeons from conventional surgical procedures <strong>to</strong>ward minimally invasive procedures, such as<br />
electrosurgery, <strong>and</strong> growing competition amongst the participants have high impact on the market's growth.<br />
Entry of local companies in the developing regions is expected <strong>to</strong> fuel the global market due <strong>to</strong> availability of<br />
affordable equipment.<br />
Electrosurgeries are preferred over conventional procedures owing <strong>to</strong> advantages such as improved safety<br />
<strong>and</strong> ease of use. These advantages enable the use of such surgeries in sensitive procedures such as those<br />
related <strong>to</strong> neurology <strong>and</strong> ophthalmology. Electrosurgery is being used in various disciplines, such as<br />
gynecology, urology, gastroenterology, <strong>and</strong> general surgery. In addition, latest electrosurgical equipment<br />
enables the performance of procedures outside the operating room. Thus, the dem<strong>and</strong> for these equipment is<br />
expected <strong>to</strong> rise in various disciplines during the forecast period.<br />
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The growth is expected <strong>to</strong> experience impediment due <strong>to</strong> fac<strong>to</strong>rs such as lack of skilled professionals <strong>and</strong> high<br />
price of the devices. Furthermore, most of the electrosurgical devices are categorized as Class III devices,<br />
which take considerably longer time for approval.<br />
Further Key Findings from the Study Suggest:<br />
• The study suggests that bipolar segment captured the largest share in 2015 <strong>and</strong> is expected <strong>to</strong> dominate<br />
throughout the forecast period<br />
• Growing preference for bipolar electrosurgical devices over monopolar is a result of the advantages of the<br />
former, such as safe <strong>to</strong> use, convenience, <strong>and</strong> affordable prices. Monopolar equipment is still being used in<br />
minor surgeries <strong>and</strong> has the advantage of easy tissue cutting over bipolar equipment.<br />
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• Active electrode segment captured the largest share in 2015 <strong>and</strong> is expected <strong>to</strong> witness highest growth rate<br />
as compared <strong>to</strong> other products<br />
• The introduction of innovative <strong>and</strong> technologically advanced electrodes <strong>and</strong> growing trends of using<br />
disposable electrodes are the fac<strong>to</strong>rs driving the segment growth<br />
• North America dominated in 2015, with the U.S. capturing the largest share<br />
• Presence of a large number of players <strong>and</strong> high adoption rate of advanced medical devices are the fac<strong>to</strong>rs<br />
driving growth in North America<br />
• Few of the major companies operating in the market include ATMOS, Inc.; Bovie Medical Corporation;<br />
Parkell, Inc.; Covidien plc; Olympus Corporation; Ethicon, Inc; Bos<strong>to</strong>n Scientific; B. Braun Melsungen AG;<br />
Kirwan Surgical Products, LLC; <strong>and</strong> Smith <strong>and</strong> Nephew.<br />
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