Meticulous Research®—a leading global market research company, published a research report titled ‘Electrosurgery Devices Market By Product (Electrode, Smoke Evacuation System, Irrigation Device, Forcep, Generator), Surgery (General, Gynecology, Oncology, Orthopedic, Cardiovascular, Urology), End User (Hospital, Clinic, ASC) - Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the global electrosurgery devices market is projected to reach $8.73 billion by 2030, at a CAGR of 8.1% during the forecast period. The rising demand for advanced electrosurgical instruments, increasing preference for minimally invasive surgical procedures, and advancements in electrosurgical procedures are the factors driving the growth of this market.
Electrosurgery Market: Future Outlook
The global electrosurgery devices market is segmented by Product Type (Electrosurgical Instruments and Accessories [Electrosurgical Electrodes & Patient Return Electrodes, Suction Coagulators & Irrigation Devices, Electrosurgery Pads & Forceps, Electrosurgery Accessories], Generators, Smoke Evacuation Systems), Surgery Type (Obstetric/Gynecological Surgery, Cardiovascular Surgery, Oncological Surgery, Cosmetic Surgery, Neurosurgery, General Surgery, Urological Surgery, Orthopedic Surgery, Other Surgeries), End User (Hospitals & Clinics, Ambulatory Surgical Centers, Research Institutes & Academics), and Geography. The study also evaluates industry competitors and analyzes their market shares at the regional and country levels.
Based on product type, in 2023, the electrosurgical instruments & accessories segment is expected to account for the largest share of the market. The high burden of chronic diseases globally, coupled with the high volume of surgeries conducted annually, is supporting the large market share of this segment. Electrosurgical instruments & accessories need to be purchased repetitively compared to generators and smoke evacuation systems, which also support this segment’s large market share.
Based on surgery type, the market is segmented into general surgery, obstetric/gynecological surgery, cardiovascular surgery, oncological surgery, cosmetic surgery, neurosurgery, urological surgery, orthopedic surgery, and other surgeries. The general surgery segment is projected to record the fastest growth rate over the forecast period. The growth of this segment is attributed to the growing geriatric population worldwide and rising accidental cases requiring general surgeries.
Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the market. The large market share of this segment is attributed to factors such as the availability of advanced infrastructure & specialty care in hospitals and clinics and the rise in the adoption of minimally invasive procedures.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.
In 2023, North America is expected to account for the largest share of the electrosurgery devices market, followed by Europe and Asia-Pacific. The U.S. is expected to be the largest shareholding market in North America in 2023. The large share of this market is primarily driven by the high prevalence of chronic diseases, an increase in the number of ablation centers, the availability of advanced technology for electrosurgery, and the high preference for minimally invasive procedures, coupled with a shift towards outpatient surgeries.
The key players operating in the global electrosurgery devices market are Medtronic plc (Ireland), Ethicon, Inc. (a subsidiary of Johnson & Johnson) (U.S.), B. Braun Holding GmbH & Co. KG (Germany), Smith & Nephew plc (U.K.), Zimmer Biomet Holdings, Inc. (U.S.), Olympus Corporation (Japan), Erbe Elektromedizin GmbH (Germany), CONMED Corporation (U.S.), BOWA-electronic GmbH & Co. KG (Germany), and Kirwan Surgical Products, LLC. (U.S.).
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Key questions answered in the report-
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