Global Electrosurgery Market was valued US$ 2.5 Bn in 2017 and is expected to reach US$ 3.56 Bn by 2026, at a CAGR of 4.52% during a forecast period.
The electrosurgery market is segmented into product type, type of surgery, end-user, and region.
In terms of product type, the global electrosurgery market is classified into electrosurgical generators, electrosurgical instruments & accessories, electrosurgical instruments, electrosurgical accessories, and argon & smoke management systems. Based on the type of surgery, the global electrosurgery market is divided into general surgeries, gynecological surgeries, urological surgeries, orthopedic surgeries, cardiovascular surgeries, cosmetic surgeries, neurosurgeries, and other surgeries. A further end-user, global medical gas, and equipment market are split hospitals, clinics, ambulatory surgical centers, and others.
Based on regions, the global electrosurgery market is divided into five main regions are America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
On the basis of product type, the electrosurgical instruments & accessories segment is estimated to account for the largest share of the electrosurgery market due to the inexpensive electrosurgery devices and low maintenance costs.
In terms of end-user, hospitals are dominating the market due to the rising amount of age-related surgeries, and increasing prevalence of chronic diseases related to kidneys & heart.
The major driving factor of the global electrosurgery market is an increasing number of minimally invasive surgeries, the rising amount of age-related surgeries, easy electrosurgery procedures & numerous applications and technological advancements. Additionally, stringent government regulations for electrosurgical devices, growing rating pressure on players, and high competition in the market are also propelling the global electrosurgery market growth.
Risks associated with electrosurgical procedures is limiting the growth of the global electrosurgery market.
Geographically, Asia-Pacific market is expected to register the highest CAGR during the forecast period due to the growing demand for cosmetic & plastic surgery, increasing government efforts to raise the standard of healthcare, and the presence of huge population base. The availability of high-quality surgical treatments at lower costs is increased medical tourism in the Asia-Pacific region.
The key players operating in global electrosurgery market are Olympus Corporation, Medtronic PLC, B. Braun Melsungen AG, Applied Medical, Resources Corporation, Ellman International, Inc., Conmed Corporation, Bovie Medical Corporation, Erbe Elektromedizin GmbH, Johnson & Johnson, Covidien plc, KLC Martin Group, Utah Medical Products, Inc., Kirwan Surgical Products, Smith & Nephew, Parkell, Inc., Megadyne Medical Products, Inc., ATMOS, Inc., XcelLance Medical Technologies Pvt. Ltd., Prima Medical, and Bowa-Electronic GmbH & Co. Kg.
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Scope of Global Electrosurgery Market:
Global Electrosurgery Market, by Product Type:
• Electrosurgical Generators
• Electrosurgical Instruments & Accessories
• Electrosurgical Instruments
• Electrosurgical Accessories
• Argon & Smoke Management Systems
Global Electrosurgery Market, by Type of Surgery:
• General Surgeries
• Gynecological Surgeries
• Urological Surgeries
• Orthopedic Surgeries
• Cardiovascular Surgeries
• Cosmetic Surgeries
• Neurosurgeries
• Other Surgeries
Global Electrosurgery Market, by End-user:
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others
Global Electrosurgery Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
The key players operating in Global Electrosurgery Market:
• Olympus Corporation
• Medtronic PLC
• B. Braun Melsungen AG
• Applied Medical Resources Corporation
• Ellman International, Inc.
• Conmed Corporation
• Bovie Medical Corporation
• Erbe Elektromedizin GmbH
• Johnson & Johnson
• Covidien plc
• KLC Martin Group
• Utah Medical Products, Inc.
• Kirwan Surgical Products
• Smith and Nephew
• Parkell, Inc.
• Megadyne Medical Products, Inc.
• ATMOS, Inc.
• XcelLance Medical Technologies Pvt. Ltd.
• Prima Medical
• Bowa-Electronic GmbH & Co. Kg
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