About Electrosurgical Devices
The electrosurgical devices market is expected to grow in the future due to a growing demand for minimally invasive surgeries and increasing adoption of technologically advanced products. Electrosurgery is a term used to describe multiple modalities that use electricity to cause thermal destruction of tissue through dehydration, coagulation, or vaporization. Electrosurgical devices find many applications such as general surgery, cardiology, urology, gynecology, cosmetology, and dermatology domains.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players are implementing various strategies such as mergers & acquisitions, new product development, joint ventures, partnerships and others. Medical technology and healthcare companies are setting standards by manufacturing surgical instruments with the help of various technological advancements. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electrosurgical Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
B. Braun Melsungen (Germany), Bovie Medical (United States), Megadyne Medical Products (United States), CONMED (United States), Medtronic (Ireland), Johnsons & Johnsons (United States), ERBE Elektromedizin (Germany), KLS Martin (Germany) and Olympus (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medtronic (Ireland), Boston Scientific (United States), Teleflex (United States) and Utah Medical Products (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electrosurgical Devices market by Type (Radiofrequency Electrosurgical Devices (Monopolar Devices, Bipolar Devices), Electrocautery Devices (Monopolar Devices, Bipolar Devices) and Electrosurgical Accessories), Application (General Surgery, Gynecology, Cardiology, Urology, Dermatology & Cosmetology and Others) and Region.
On the basis of geography, the market of Electrosurgical Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Method, the sub-segment i.e. Monopolar will boost the Electrosurgical Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Electrosurgical Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in Electrosurgical Device
Market Growth Drivers:
Rise in Number of Surgical Procedures Globally, Increasing Geriatric Population and Rising Prevalence of Chronic Diseases
Challenges:
Stringent Government Regulations for Electrosurgical Device Approval
Restraints:
High Cost Associated with Surgical Devices
Opportunities:
High Market Potential in Untapped Emerging Economies Huge Investments by Major Players and Growth in the Health Care Industry
Market Leaders and their expansionary development strategies
In December 2023, Bovie Medical Devices teams up with a global healthcare organization to provide access to advanced electrosurgical technology in underserved regions and improve surgical outcomes worldwide.
In November 2023, Bovie Medical Devices (a Boston Scientific subsidiary) releases the Genius EVS Generator, showcasing advanced vessel sealing technology and intelligent energy modulation for efficient and precise tissue management.
Key Target Audience
Electrosurgery Devises Manufactures, Electrosurgery DevisesSuppliers, Electrosurgery Devises Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.