Global Electrosurgical Instruments Market, By Technology (Radio Frequency, Ultrasonic, Molecular Resonance), Product (Bipolar, Monopolar, Pencil, Cables), Accessories (Patient Return Electrodes, Cords, Cables and Adapters, Others), Surgery Type (Gynaecological, Cardiovascular, Neurosurgery, Cosmetic¸ Orthopaedic, Urologic¸ General Surgery), End User (Hospitals, Laboratories, Ambulatory Surgical Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Electrosurgical Instruments Market
Data Bridge Market Research analyses that the electrosurgical instruments market to growing at a CAGR of 9.00% in the forecast period of 2022-2029. The growing technological advancements in electrosurgical instrument are going to drive the growth of the electrosurgical instruments market.
Electrosurgery is a type of medical surgery that can be performed with the use of electricity. The use of electricity aids in the thermal destruction of tissue via dehydration, coagulation, or vaporisation. Electrosurgery can be performed using various electrosurgical devices that make the procedure easier and provide the desired results. Electrosurgical devices are used to cut into the tissue and desiccate it. The devices can also aid in the control of bleeding (hemostasis) by causing blood coagulation.
The rise in the number of surgical procedures worldwide, large pool of geriatric population, increase in the prevalence of chronic diseases, and technological advancements are driving the growth of the market. As the world's population grows, so do the demands for surgery. Furthermore, increased awareness and demand for minimally invasive surgeries are assisting in the growth of this market. Other factors such as rising chronic disease prevalence, ageing population, and technological advancements in electrosurgical instruments to make them safer and more efficient are also contributing to the market's growth.
Other factors that contribute to market growth include the increasing number of medical surgeries, general surgeries, and age-related surgeries, increasing demand for cosmetic surgeries of the face, breast, and the rest of the body, increasing need for minimally invasive surgeries, and the growing trend of and need for ambulatory surgery centres due to convenience and efficiency, amongst others.
However, these devices are advanced, they necessitate the use of professionals who have been trained in their use. The high cost of training has resulted in a scarcity of skilled professionals. As a result, this factor is limiting the market's growth. Another factor discouraging companies from entering this market is the stringent regulatory framework, which has slowed market growth.
This electrosurgical instruments market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electrosurgical instruments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electrosurgical Instruments Market Scope and Market Size
Electrosurgical instruments market is segmented on the basis of technology, product, accessories, surgery type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on technology, the electrosurgical instruments market is segmented into radio frequency, ultrasonic and molecular resonance
- On the basis of product, the electrosurgical instruments market is segmented into bipolar, monopolar, pencil and cables. Bipolar electrosurgical instruments are sub-segmented into bipolar forceps and advanced vessel sealing instruments. Monopolar electrosurgical instruments are sub-segmented into electrosurgical electrodes, suction coagulators, electrosurgical pencils and monopolar forceps.
- On the basis of accessories, the electrosurgical instruments market is segmented into patient return electrodes, cords, cables and adapters and others. Others type of accessories include carts, foot switches and tip cleaners.
- On the basis of surgery type, the electrosurgical instruments market is segmented into Gynaecology, cardiovascular, neurosurgery, urologic, cosmetic¸ orthopaedic and general surgery.
- Based on end user, the electrosurgical instruments market is segmented into hospitals, laboratories and ambulatory surgical centers.
Electrosurgical Instruments Market Country Level Analysis
The electrosurgical instruments market is analysed and market size insights and trends are provided by country, technology, product, accessories, surgery type and end user as referenced above.
The countries covered in the electrosurgical instruments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electrosurgical instruments market due to its largest share in the healthcare industry, whereas Asia-Pacific is expected to grow at the fastest rate from 2022 to 2029 due to the increasing popularity of cosmetic surgeries, government efforts to increase access to elective surgery, large population base, high patient population, and improved healthcare infrastructure.
The country section of the electrosurgical instruments market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The electrosurgical instruments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electrosurgical instruments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electrosurgical instruments market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Electrosurgical Instruments Market Share Analysis
The electrosurgical instruments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electrosurgical instruments market.
Some of the major players covered in the electrosurgical instruments market are Medtronic, B. Braun Melsungen AG, Applied Medical Resources Corporation, Symmetry Surgical, Olympus Corporation, Bowa-Electronic GmbH & Co. Kg, Johnson & Johnson Services, Inc, Erbe Elektromedizin GmbH, Conmed Corporation¸ Megadyne Medical Products, Inc., KLS Martin Group, ACOMA Medical Industry Co., Ltd, Doral Medical, Perlong Medical Equipment Co., Ltd., Stryker, REMA Medizintechnik GmbH, Teleflex Incorporated, Boston Scientific Corporation, Given Imagin Ltd. and Special Medical Technology among others.