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Electrosurgery Devices Market

Electrosurgery Devices Market

Electrosurgery Devices Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Electrosurgery Devices Market
FACT126MR
  • Aug-2017
  • List of Tables : 236
  • List of Figures : 78
  • 170 Pages
  • Healthcare

Introduction

Electrosurgery devices are utilized for surgical cutting, or, managing blood loss by causing homeostasis (coagulation) during surgical procedures. These devices are used in various medical disciplines, which include abdominal surgery, gastroenterology, gynecology, pneumology, and urology. Basically, there are two types of electrosurgery devices – bipolar, and monopolar devices. These devices offer ease of use and enhanced safety during surgery.

With changing phase of the healthcare sector, a number of surgical procedures have moved out of traditional ways, which in turn are being replaced by minimally invasive techniques. The geriatric population across the globe is witnessing a rise, coupled with increasing healthcare coverage. According to the World Health Organization (WHO), the global geriatric population is estimated to reach nearly 2 Bn by 2050.

As the elder population is prone to diseases including gastrointestinal diseases, cardiac arrests, and cancer, the requirement for minimally invasive surgeries for treating the patients has surged, in order to avoid a hospital stay, and healing time. Highly unmet requirements for minimally invasive surgeries are providing wide scope for growth of the global electrosurgery devices market, as these devices find application in a variety of surgical procedures viz. thermodiffusion, devitalization, coagulation, and cutting.

Patients are preferring electrosurgery owing to its benefits such as minimal chances of infection, faster recovery time, ease of usage, and low risk to patients. The governments are increasing their focus on making investments for developing target-specific surgical devices, and advanced medical treatment. Key market players are concentrating more on the development of innovative electrosurgery devices and accessories.

Leading players in the market are focusing on developing new products and accessories, which would render improved cutting and coagulation properties, tissue vaporization applications, and multimodality applications, with an aim to capitalize on market growth opportunities. The global market for electrosurgery devices is estimated to exhibit steady growth, to reach approximately US$ 8,000 Mn in revenues by 2022-end.

Hospitals to be the Largest End-users of Electrosurgery Devices in the Market

Based on end-users, electrosurgery device sales in specialized clinics will register the highest CAGR through 2022. Hospitals are estimated to remain dominant in the global market for electrosurgery devices. In addition, revenues from sales of electrosurgery devices in ambulatory surgical centres will account for more than one-fourth market share by 2022-end. Ambulatory surgical centers will be the second-largest end-users of electrosurgery devices in the market by 2022-end.

By product type, over half share of the market will be held by the radiofrequency electrosurgery devices, in terms of revenues, during 2017 and 2022. In addition, the radiofrequency electrosurgery devices are expected to remain a top-selling product, with sales exhibiting the fastest expansion through 2022. However, demand for ultrasonic electrosurgery devices is anticipated to remain sluggish during the forecast period.

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North America to Remain Dominant in the Global Electrosurgery Devices Market

In 2017, North America will be dominant in the global market for electrosurgery devices in terms of revenues, and this trend will prevail through 2022. The electrosurgery devices market in Europe is estimated to grow at a relatively higher CAGR than North America between 2017 and 2022.

Sales of electrosurgery devices in gynecological surgery applications are projected to hold the largest revenue share of the market by 2022-end. In addition, electrosurgery device sales in urology, and gynecological surgery applications will register a parallel growth at similar CAGRs through 2022. Sales of electrosurgery devices for application in dermatology will register the fastest growth through 2022.

Competition Tracking

Key players listed in Fact.MR’s report on the global electrosurgery devices market include

  • B. Braun Melsungen AG
  • Stryker Corporation
  • Smith & Nephew
  • Boston Scientific Corporation
  • Medtronic Plc
  • Erbe Elektromedizin GmbH
  • Bovie Medical Corporation
  • Heal Force Bio-meditech Holdings Limited
  • Johnson & Johnson Private Limited
  • AngioDynamics Inc.

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Market Taxonomy

Product Type 
  • Radiofrequency Electrosurgery Devices
  • Electrocautery Devices
  • Ultrasonic Electrosurgery Devices
End User 
  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics
Application 
  • General Surgery
  • Cardiac Surgery
  • Gynecological Surgery
  • Ophthalmology
  • Dermatology
  • Urology
  • Other Application

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Electrosurgery devices are used during surgical procedures for the management of blood loss, and surgical cutting. Electrosurgery devices are utilized in a variety of medical disciplines such as gastroenterology, abdominal surgery, urology, pneumology, and gynecology. This Fact.MR report analyzes the expansion of the global electrosurgery devices market to date and provides key insights on the growth of the market during the forecast period, 2017-2022.

Scope

The scope of Fact.MR’s report is to analyze the global electrosurgery devices market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global electrosurgery devices market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to electrosurgery devices.

Summary

The report commences with brief information of the global electrosurgery devices market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global electrosurgery devices market.

Overview

The next section offers an overview of the global electrosurgery devices market. This comprises an introduction to the market, along with a standard definition of the product – electrosurgery devices. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints, and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers up-to-date information about the latest advancements in the global electrosurgery devices market, the report provides updates about market opportunities, which can benefit leading manufacturers of electrosurgery devices. With the continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for electrosurgery device manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

The Fact.MR report renders segment-wise analysis & forecast in a bid to cover the wide scope of the global market for electrosurgery devices. The report segments the market into end-users, product type, application, and region. This segmentation analysis provides a detailed country-wise forecast around all key market parameters.

The report’s last section comprises the global electrosurgery devices market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global electrosurgery devices market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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