Global Electrosurgery Devices Market is estimated to be US$ 4441.09 million by 2030 with a CAGR of 4.3% during the forecast period

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Published Date: June 2023

The Electrosurgery Devices Market accounted for US$ 2914.62 million 2020 and is estimated to be US$ 4441.09 million by 2030 and is anticipated to register a CAGR of 4.3%. The electrosurgical unit, commonly known as the Bovie, is a surgical instrument that is used to incise tissue, desiccate tissue, and induce blood coagulation to prevent bleeding (hemostasis). Electrosurgery is the use of a high-frequency (radio frequency) alternating polarity electrical current to cut, coagulate, desiccate, or fulgurate tissue. To help minimize blood loss during surgery, electrosurgical devices are routinely used in hospital operating rooms and outpatient procedures. During electrosurgical procedures, an electric current is used to heat the tissue. Electrosurgical device advancements such as reduced collateral tissue damage, the creation of eschar (dead tissues), and the limits of tissue adhesion have all led to the rising popularity of electrosurgical devices.

The report "Global Electrosurgery Devices Market, By Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories), By Application (General surgery, Gynecology surgery, Urologic surgery, Orthopedic surgery, Cardiovascular surgery and Cosmetic surgery), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030’’

Key Highlights:

Lexington Medical, a medical device firm based in the United States, joined with BOWA Medical in July 2020. The firms will jointly advertise and sell the AEON and LOTUS portfolios in a number of worldwide markets under the terms of the agreement.
In June 2021, Ethicon, part of the Johnson & Johnson Medical Devices Companies announced the launch of the ENSEAL X1 Curved Jaw Tissue Sealer, a new advanced bipolar energy device that increases procedural efficiency and provided stronger sealing and better access to more tissue than LigaSure Maryland. The device is indicated for colorectal, gynecological, bariatric surgery and thoracic procedures.

Analyst View:

Electrosurgical equipment advancements, the growing desire for less invasive operations, the growing number of medical, cosmetic, and age-related surgeries performed, and the growing number of ambulatory surgery centers are all propelling this industry forward. Electrosurgical techniques, on the other hand, are expected to impede market growth. Most essential surgical operations, such as cutting, coagulation, devitalization, and thermofusion, employ electrosurgery, and there is a great unmet need for minimally invasive surgeries. The popularity of electrosurgery over traditional surgical techniques can be attributed to a number of benefits, including reduced patient risk, faster recovery time, lower infection risk, and ease of usage. Furthermore, because electrosurgical procedures can be performed in an office setting, the use of electrosurgical equipment is likely to grow significantly throughout the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Electrosurgery Devices Market, By Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories), By Application (General surgery, Gynecology surgery, Urologic surgery, Orthopedic surgery, Cardiovascular surgery and Cosmetic surgery), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Key Market Insights from the report:

The Global Electrosurgery Devices Market accounted for US$ 2914.62 million 2020 and is estimated to be US$ 4441.09 million by 2030 and is anticipated to register a CAGR of 4.3%. The Global Electrosurgery Devices Market is segmented based on the product, application, and region.

By Type, the Global Electrosurgery Devices Market is segmented Electrosurgery Generators, Electrosurgery Instruments & Accessories
By Application, the target market is segmented into General surgery, Gynecology surgery, Urologic surgery, Orthopedic surgery, Cardiovascular surgery and Cosmetic surgery.
By Region, the Global Electrosurgery Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is dominating the global Electrosurgery devices market

Competitive Landscape:

The key players operating in the global Electrosurgery Devices market includes Braun Melsungen AG, Boston Scientific Corporation, Bovie Medical Corporation, BOWA Electronic GmBH & Co.KG, CONMED Corporation, Erbe Elektromedizin GmBH., Johnson &Johnson (Ethicon US, LLC), Medtronic Plc., Olympus Corporation and Smith & Nephew Plc.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning.
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period.