Global Electrosurgery Devices Market Size study & Forecast, by Product (Electrosurgical Generators, Active Electrodes, and Electrosurgical Instruments & Accessories), by Application (Neurosurgery, Gynecology Surgery, Cardiovascular Surgery, Cosmetic Surge

Global Electrosurgery Devices Market Size study & Forecast, by Product (Electrosurgical Generators, Active Electrodes, and Electrosurgical Instruments & Accessories), by Application (Neurosurgery, Gynecology Surgery, Cardiovascular Surgery, Cosmetic Surgery, General Surgery, and Other) and Regional Analysis, 2023-2030

Global Electrosurgery Devices Market is valued approximately at USD 5782.76 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.62% over the forecast period 2023-2030. Electrosurgery is a surgical procedure that is used to reduce bleeding and swiftly dissect soft tissue. Heat is generated by the electrical resistance of these soft tissues to an electromagnetic current. In surgical treatments, electrosurgery devices are used to cut, coagulate, desiccate, and fulgurate tissues. These gadgets work in tandem with specialised equipment. The rise in the number of surgical operations worldwide, a huge pool of elderly population, an increase in the frequency of chronic illnesses, and technical improvements are driving the expansion of the electrosurgery devices market. The growing popularity of minimally invasive procedures has resulted in a movement away from traditional equipment such as surgical blades and lasers and towards electrosurgical devices. Their higher levels of accuracy and dependability are some of the factors driving widespread usage.

The rise of chronic diseases and the ageing population are driving market expansion. According to the World Health Organization's October 2021 report, the number of persons aged 60 and older would rise from 1 billion in 2020 to 1.4 billion by 2030. Older population is more likely to suffer from chronic illnesses that require surgery at some point, the growing geriatric population will increase demand for electrosurgical equipment, boosting market expansion. Additionally, High development potential in underdeveloped emerging markets, also the market provides prospects for vendors and producers, encouraging them to experiment with electrifying characteristics in order to improve precision and accuracy. However, the growing concerns associated with toxic fumes generated by tools and devices used in surgical procedures stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Electrosurgery Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 holding the largest market share owing to the rising prevalence of chronic illnesses and the ageing population, as well as rising demand for less invasive treatments and technical improvements in electrosurgical equipment are projected to drive market expansion in the United States. According to the Centres for Disease Control and Prevention 2021, cardiovascular disease kills over 659,000 Americans each year that equates to almost one out of every four deaths in the country. According to the Centres for Disease Control and Prevention Skin cancer is the most frequent type of cancer in the United States. Asia Pacific is expected to fastest growingduring the forecast period, owing to rising ageing population in nations such as China and India, adoption of modern healthcare choices in emerging economies, and increased understanding of the advantages of electrosurgery. The market for electrosurgery equipment in Asia-Pacific is expanding more quickly due to rising accident rates and treatment costs.

Major market player included in this report are:
Applied Medical Resources Corporation
B. Braun Melsungen AG
Boston Scientific Corporation
Olympus Corporation
Conmed Corporation
Surgical Holding
Johnson & Johnson
Medtronic PLC
Smith & Nephew PLC
Stryker Corporation

Recent Developments in the Market:
• In April 2022, Ethicon, Inc. (US) (J&J launched an electrosurgical generator for use in a wide variety of open and laparoscopic procedures. It is a high-frequency generator with an isolated output that is controlled by a computer and has the capacity to support both bipolar and monopolar coagulation through an auxiliary electrode.
• In May 2022, In order to improve patient treatment experiences and general results, Medtronic (Ireland) and DaVita Inc. (US) collaborated to create a new, independent medical device firm (""NewCo"" or ""the Company"") focusing on kidney care.

Global Electrosurgery Devices Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Electrosurgical Generators
Active Electrodes
Electrosurgical Instruments & Accessories
By Application:
Neurosurgery
Gynecology Surgery
Cardiovascular Surgery
Cosmetic Surgery
General Surgery
Other

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Applied Medical Resources Corporation
B. Braun Melsungen AG
Boston Scientific Corporation
Olympus Corporation
Conmed Corporation
Surgical Holding
Johnson & Johnson
Medtronic PLC
Smith & Nephew PLC
Stryker Corporation

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