North America Electrosurgery Market, By Product (Electrosurgical Generators, Electrosurgical Instruments and Accessories, Argon and Smoke Management Systems), Type of Surgery (General Surgery, Gynecological Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery and Other Surgeries), End User (Hospital, Clinics, & Ablation Centers, Ambulatory Surgical Centers, Research Laboratories & Academic Institutes), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Electrosurgery Market
North America electrosurgery market is expected to witness market growth at a rate of 8.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on North America electrosurgery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector is escalating the growth of North America electrosurgery market.
The electrosurgery makes the electricity for causing the thermal destruction of tissue through coagulation, vaporization or dehydration. The surgery is widely utilized in areas, such as gynecology, abdominal surgery, neurology, urology, gastroenterology, and overall operations. Bipolar and monopolar instruments are widely used in the electrosurgery procedure.
The surge in the rate of surgical procedures across the region acts as one of the major factors driving the growth of electrosurgery market. The use of electrosurgical device to cut and coagulate tissues during surgical procedures, and increase in shift from conventional cutting tools such as surgical blades and lasers to electrosurgical devices because of rising prominence of minimally invasive surgeries accelerate the market growth. The increase in number of medical, cosmetic, and age-related surgeries, and rise in number of ambulatory surgery centers further influence the market. Additionally, rise in the elderly population, development in the healthcare infrastructure, surge in healthcare expenditure and rapid urbanization positively affects the electrosurgery market. Furthermore, increase in the number of bariatric procedures due to the growing prevalence of obesity extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, concerns regarding risks associated with electrosurgical procedures and product recalls are expected to obstruct the market growth. Stiff competition among market players and the healthcare reform in the United States are projected to challenge the electrosurgery market in the forecast period of 2021-2028.
This North America electrosurgery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 North America electrosurgery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Electrosurgery Market Scope and Market Size
The North America electrosurgery market is segmented on the basis of product, type of surgery and end user. The growth amongst these segments will help you analyze 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.
- On the basis of product, the electrosurgery market is segmented into electrosurgical generators, electrosurgical instruments and accessories, argon and smoke management systems. Electrosurgical instruments & accessories are further segmented into electrosurgery instruments and electrosurgery accessories. Electrosurgery instruments is sub-segmented into bipolar instruments and monopolar instruments. Bipolar instruments are further bifurcated into advanced vessel sealing instruments and bipolar forceps. Monopolar instruments are further bifurcated into electrosurgical pencils, electrosurgical electrodes, suction coagulators and monopolar forceps. Electrosurgery accessories are further bifurcated into patient return electrodes or dispersive electrodes, cords, cables, and adapters and others.
- On the basis of type of surgery, the electrosurgery market is segmented into general surgery, gynecological surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery and other surgeries.
- On the basis of end user, the electrosurgery market is segmented into hospital, clinics, & ablation centers, ambulatory surgical centers and research laboratories & academic institutes.
North America Electrosurgery Market Country Level Analysis
The electrosurgery market is analyzed and market size insights and trends are provided by country, product, type of surgery and end user as referenced above.
The countries covered in the North America electrosurgery market report are U.S., Canada and Mexico in North America.
North America is expected to witness significant growth during the forecast period of 2021 to 2028 due to the high investment in healthcare sector to advance surgical methodologies and surgical products in the region.
The country section of the 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 regional 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
North America electrosurgery 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 North America electrosurgery market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America electrosurgery market. The data is available for historic period 2011-2019.
Competitive Landscape and North America Electrosurgery Market Share Analysis
The North America electrosurgery 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, regional 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 North America electrosurgery market.
The major players covered in the North America electrosurgery market report are Smith & Nephew, Utah Medical Products, Inc., SYMMETRY SURGICAL INC., Hologic, Inc., Applied Medical Resources Corporation, 3M, Abbott, B. Braun Medical Inc., Erbe Elektromedizin GmbH, Medical Devices Business Services, Inc., Olympus Corporation of the Americas, Stryker, Boston Scientific Corporation, CONMED Corporation, Kirwan Surgical Products, LLC and Medtronic, among other domestic players. Market share data is available for North America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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