Le Lézard
Classified in: Health
Subject: SVY

Global Electrosurgery Market Forecasts to 2025: Stiff Competition Amongst Market Players Challenges the Industry

DUBLIN, Jan. 21, 2020 /PRNewswire/ -- The "Electrosurgery Market by Product (Instruments (Bipolar, Monopolar), Accessories, Generators), Surgery (General, Orthopedic, Gynecology, Cosmetic, Neurology), End User (Hospitals, Ambulatory Center), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The global electrosurgery market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%.

The growth in this market is driven by technological advancements in electrosurgical instruments; the increasing demand for minimally invasive surgeries; the growing number of medical, cosmetic, and age-related surgeries performed; and the rising number of ambulatory surgery centers. However, risks associated with electrosurgical procedures are expected to restrain the growth of the electrosurgery market.

The electrosurgical instruments segment accounted for the largest market share in 2018.

Based on products, the electrosurgery market is segmented into electrosurgical instruments, electrosurgical generators, electrosurgical accessories, and smoke evacuation systems. The electrosurgical instruments segment accounted for the largest share of the global electrosurgery market in 2018. The large share of this segment can be attributed to the high usage volume of disposable and reusable electrosurgical instruments. In addition, technological advancements in electrosurgical instruments and the increasing number of cosmetic and plastic surgeries are stimulating the growth of this segment.

The general surgery segment accounted for the largest share of the electrosurgery market in 2018.

On the basis of type of surgery, the electrosurgery market is segmented into general surgery, gynecology surgery, urological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other surgeries. The general surgery segment accounted for the largest share of the electrosurgery market in 2018. The large share of this segment can be attributed to the rising geriatric population and the subsequent increase in the prevalence of various diseases/conditions, the growing volume of surgical procedures performed, and the rising prevalence of obesity.

In 2018, North America accounted for the largest share of the electrosurgery market.

On the basis of region, the electrosurgery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America accounted for the largest share of the electrosurgery market, followed by Europe. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to the growing popularity of cosmetic surgeries, government efforts to increase access to elective surgery, large population base, high patient population, and improving healthcare infrastructure in the region.

In 2018, Medtronic (Ireland), Ethicon (US), and Olympus (Japan) dominated the electrosurgery market. Other prominent players in this market include CONMED (US), B. Braun Melsungen AG (Germany), Applied Medical (Netherlands), Erbe Elektromedizin GmbH (Germany), Kirwan Surgical Products LLC (US), Bovie Medical Corporation (US), BOWA-electronic GmbH & Co. KG (Germany), KLS Martin Group (Germany), Boston Scientific (US), Smith & Nephew plc (UK), and CooperSurgical Inc. (US).

In order to sustain their dominance in the electrosurgery industry, a majority of prominent players are focusing on increasing their geographical presence and strengthening their product portfolios through the strategies of product launches, agreements, partnerships, and acquisitions.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Electrosurgery Market Overview
4.2 Regional Analysis: Market, By Product, (2019)
4.3 Market, By Type of Surgery, 2019 vs 2025 (USD Million)
4.4 Market, By End-user, 2019 vs 2025 (USD Million)
4.5 Market, By Country (2019-2025)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Technological Advancements in Electrosurgical Instruments Rising Number of Medical, Cosmetic & Age-Related Surgeries Increasing Demand for Minimally Invasive Surgeries Rising Number of Ambulatory Surgery Centers
5.2.2 Restraints Risks Associated with Electrosurgical Procedures
5.2.3 Opportunities Emerging Countries Expected Increase in the Number of Bariatric Procedures Due to the Growing Prevalence of Obesity
5.2.4 Challenges Stiff Competition Among Market Players

6 Electrosurgery Market, By Product
6.1 Introduction
6.2 Electrosurgical Instruments
6.2.1 High Use of Instruments in Minimally Invasive Surgeries Will Increase the Demand for Market Products Bipolar Electrosurgical Instruments Advanced Vessel Sealing Instruments Bipolar Forceps Monopolar Electrosurgical Instruments Electrosurgical Pencils Electrosurgical Electrodes Suction Coagulators Monopolar Forceps
6.3 Electrosurgical Generators
6.3.1 Technological Advancements in Electrosurgical Generators have Lessened the Incidence of Thermal Injuries
6.4 Electrosurgical Accessories
6.4.1 Electrosurgical Accessories Account for A Small Share of the Market Patient Return Electrodes Cords, Cables, and Adapters Other Accessories
6.5 Smoke Evacuation Systems
6.5.1 Smoke Evacuation Systems Hold A Niche Share in the Electrosurgery Market

7 Electrosurgery Market, By Surgery Type
7.1 Introduction
7.2 General Surgery
7.2.1 Increasing Number of Bariatric Surgeries to Drive Market Growth
7.3 Obstetrics/Gynecology Surgery
7.3.1 Advantages Offered By Electrosurgery in Ob/GYN Procedures to Drive Market Growth
7.4 Orthopedic Surgery
7.4.1 The Orthopedic Surgery Segment to Grow at the Highest Rate During the Forecast Period
7.5 Cardiovascular Surgery
7.5.1 Rise in Aging Population Will Be the Main Factor in the Growth of Electrosurgery Market
7.6 Oncological Surgery
7.6.1 Radiotherapy and Chemotherapy Will Affect the Growth of Electrosurgery in Oncological Surgery
7.7 Cosmetic Surgery
7.7.1 Risk of Getting Electrosurgical Burns Will Hinder the Growth of This Segment
7.8 Urological Surgery
7.8.1 Rising Kidney and Urological Diseases to Drive Market Growth
7.9 Neurosurgery
7.9.1 Increasing Number of Patients Suffering From Neurological Disorders to Drive Market Growth
7.10 Other Surgeries

8 Electrosurgery Market, By End-user
8.1 Introduction
8.2 Hospitals, Clinics, & Ablation Centers
8.2.1 in 2018, Hospitals, Clinics, & Ablation Centers Accounted for the Largest Share of the Market
8.3 Ambulatory Surgical Centers
8.3.1 Increasing Number of Outpatient Surgeries to Support Market Growth
8.4 Research Laboratories & Academic Institutes
8.4.1 Budgetary Restrictions of Researchers are Limiting the Adoption of High-End Electrosurgery Products

9 Electrosurgery Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Latin America
9.6 Middle East & Africa

10 Competitive Landscape
10.1 Introduction
10.2 Global Market Share Analysis, 2018
10.3 Competitive Scenario
10.4 Vendor Dive Overview
10.5 Vendor Inclusion Criteria
10.6 Vendor Dive
10.6.1 Visionary Leaders
10.6.2 Innovators
10.6.3 Dynamic Differentiators
10.6.4 Emerging Companies

11 Company Profiles
11.1 Medtronic
11.2 Olympus Corporation
11.3 Ethicon, Inc. (Subsidiary of Johnson & Johnson)
11.4 Conmed Corporation
11.5 B. Braun Melsungen
11.6 Apyx Medical Corporation (Formerly Bovie Medical Corporation)
11.7 Boston Scientific
11.8 Smith & Nephew PLC
11.9 Erbe Elektromedizin GmbH
11.10 Applied Medical Resources Corporation
11.11 KLS Martin
11.12 Bowa-Electronic GmbH & Co. KG
11.13 Coopersurgical, Inc. (A Subsidiary of the Cooper Companies, Inc.)
11.14 Kirwan Surgical Products LLC
11.15 Zimmer Biomet Holdings, Inc.
11.16 Other Companies
11.16.1 Utah Medical Products, Inc.
11.16.2 Encision Inc.
11.16.3 Meyer-Haake GmbH
11.16.4 Surgical Holdings
11.16.5 I. C. Medical, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/la4y1s

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

These press releases may also interest you

at 03:05
To encourage balance, self-care and strength during this 2020 pandemic, Warriors Heart Clinical Director and U.S. Navy/Army Veteran Dr. Rick Boone encourages four resiliency steps. During a recent Newsmax interview, Dr. Boone emphasized, "What we're...

at 02:00
The Food Equity Initiative and Knoq, have created a "no-contact" specialty delivery service to deliver allergy-free foods to families in need during the Coronavirus outbreak. The COVID-19 pandemic is increasing food insecurity by interrupting income,...

9 avr 2020
Joe's Gluten-Free Foods is recalling Joe's Gluten-Free Foods brand Potato & Onion Perogies from the marketplace because they contain milk which is not declared on the label. People with an allergy to milk should not consume the recalled product...

9 avr 2020
Care Access Research, the leader in rapid development and management of high-performing clinical research sites, announced it launched the COVID-19 Clinical Trials Alliance to connect sites, sponsors and CROs to accelerate COVID-19 trials required...

9 avr 2020
There has been a lot of talk about ventilators and N95 masks, but CRIMADI has observed the reality is that healthcare workers are struggling with a much longer list of shortages every day. And feeling helpless in being able to save as many lives as...

9 avr 2020
The International Sleep Products Association (ISPA) today announced that US mattress manufacturing facilities across the country are working hard to produce and deliver mattresses and other critical products to fellow Americans in need. ...

News published on 21 january 2020 at 08:45 and distributed by: