The rising incidence of chronic diseases and the growing geriatric population worldwide, and the technological advancement of the electrosurgical devices are driving the demand of the market
Vancouver, BC -- (SBWIRE) -- 02/05/2021 -- Electrosurgical devices are used in surgeries to coagulate, dissect, shrink, or destroy tissues. The market is mainly driven by the growing demand due to the rising prevalence of chronic diseases and the ever-expanding geriatric population.The global electrosurgical devices market is estimated to reach USD 7.62 Billion by 2027 at a CAGR of 6.3%, according to a recent report published by Emergen Research.
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Electrosurgical Devices Market Drivers
The market is projected to observe a significant growth in demand during the forecast period, owing to the growth of the geriatric population and the growing incidences of chronic diseases. Moreover, greater adoption of the electrosurgical devices and greater technological advancements will further propel the market growth. The emerging nations are also adopting these devices on a large scale to improve their respective healthcare sectors. Furthermore, growing government funding for the development of a better healthcare sector and the development of better infrastructures will boost the market growth during the forecast period.
Key participants include 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.
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
Regional Analysis
North America is expected to hold the largest market share, owing to the increasing prevalence of cardiovascular diseases, skin cancer, and several other such diseases. Moreover, the high number of skilled professionals is a major reason behind the projected growth of the market. However, the Asia Pacific region is expected to register considerable growth over the forecast period due to the growing prevalence of chronic diseases. Furthermore, the growing government funding for the development of the healthcare sector will also boost the regional market during the forecast period.
Key Geographies Profiled in the Report:
North America(the U.S., Mexico, and Canada)
Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
Europe(the U.K., France, Germany, and Rest of Europe)
Latin America(Brazil and Rest of Latin America)
Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Electrosurgical Devices Market Segmentation & Impact Analysis
4.1. Electrosurgical Devices Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increased use of minimally invasive surgeries
4.2.2.2. Rising incidence of chronic disease
4.2.2.3. Growing geriatric population
4.2.2.4. Technological advancements in Electrosurgical Devices
4.2.3. Market restraints analysis
4.2.3.1. Lack of skilled Professional in the field
4.2.3.2. Stringent regulatory frameworks regarding the approval
4.2.3.3. Increasing number of product recalls
4.2.3.4. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Electrosurgical Devices Market By Method Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Method Dynamics & Market Share, 2019 & 2027
5.1.1. Bipolar
5.1.2. Monopolar
Chapter 6. Electrosurgical Devices Market By Product Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
6.1. Product Dynamics & Market Share, 2019 & 2027
6.1.1. Active electrodes
6.1.2. Electrosurgical Generators
6.1.3. Dispersive Electrodes
6.1.4. Electrosurgical Instruments and Accessories
Continue…!
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