Global Electrosurgical Devices Market (2020 to 2027) – Increasing Adoption of Minimally Invasive Surgeries Presents Opportunities – ResearchAndMarkets.com | Financial Buzz

Global Electrosurgical Devices Market (2020 to 2027) – Increasing Adoption of Minimally Invasive Surgeries Presents Opportunities – ResearchAndMarkets.com

The “Electrosurgical Devices Global Market – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

According to this report the electrosurgical devices global market is estimated to reach $6,635.6 million by 2027.

Electrosurgery units (ESU’s) are the medical devices used for surgical cutting or to manage blood loss by causing coagulation (homeostasis) during surgery. Electrosurgical devices are used for almost all types of surgeries such as cardiac, orthopedic, cosmetic and dermatological, gynecological, plastic surgery, ENT, maxillofacial, urological, neurological and general surgical procedures as well as certain dental procedures, etc. The increasing acceptance of electrosurgical devices is mainly due to the advancements in electrosurgical devices such as reduction of collateral damage to tissues, eschar (dead tissues) formation and also limiting the sticking of tissues.

The electrosurgical devices global market is segmented mainly based on products, application, end-user and geography.

The electrosurgical device’s product market is segmented into electrosurgical electrodes, instruments/units, smoke management, and accessories. Instruments/units market accounted for the largest share in 2020. Electrosurgical instruments/units are further sub-segmented as monopolar and bipolar instruments, where bipolar instruments occupied the largest share in 2020 and projected to grow at a high single-digit CAGR from 2020 to 2027. The monopolar instruments market is further segmented into contact and non-contact monopolar instruments. The non-contact monopolar devices market is expected to grow at a high single-digit CAGR from 2020 to 2027.

The contact monopolar instruments are further segmented into electrosurgical electrodes, electrosurgical pencils, suction coagulators & irrigation devices and others. Among the contact monopolar instrument segments, electrosurgical pencils commanded the largest revenue and are expected to grow at a mid single-digit CAGR from 2020 to 2027. The non-contact monopolar instruments are further segmented into argon based systems and helium-based systems, among these, Argon based systems segment is expected to grow at a high single-digit CAGR from 2020 to 2027.

The bipolar instruments market is further sub-segmented into vessel sealing devices and bipolar forceps. The vessel sealing devices commanded the largest revenue in 2020 and is expected to grow at a high single-digit CAGR from 2020 to 2027. The electrosurgical accessories market is segmented into patient return electrodes, smoke management accessories, footswitches, cord, cables and adapters and others. Among these, the patient return electrodes segment commanded the largest revenue in 2020 and is expected to grow at a mid single-digit CAGR from 2020 to 2027.

Market Dynamics

Drivers and Opportunities
  • Increasing Adoption of Minimally Invasive Surgeries
  • Rapid Growth in the Aging Population
  • the Growing Number of Cosmetic Surgery Procedures
  • Prevalence of Obesity and Its Related Surgeries
  • Advancement in Technology
  • Demand for Electrosurgical Procedures in the Emerging Regions
Restraints and Threats
  • Risk of Side Effects
  • Increase in the Number of Product Recalls
  • Preference for Non-Invasive Procedures
  • Healthcare Reforms Especially Government Pressure to Minimize Healthcare Costs
  • Pricing Pressure on Device Manufacturers
  • Postponement and Cancellation of Surgeries Due to COVID-19

Major Companies

  • Applied Medical Resource Corporation
  • B. Braun Melsungen AG
  • Conmed Corporation
  • Erbe Elektromedizin GmbH
  • Johnson & Johnson (Ethicon & Megadyne)
  • KLS Martin Group
  • Medtronic, plc
  • Olympus Corporation
  • Smith & Nephew, plc
  • Stryker Corporation

For more information about this report visit https://www.researchandmarkets.com/r/l2f16t

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