Electrosurgical Energy Devices Market, By Device Type (Monopolar Devices, Bipolar Devices, and Elect

Published Date: | Report Code : HC1949001

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Electrosurgical Energy Devices Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as hospitals, ambulatory surgical centers, and specialized clinics during the forecast period. 

Electrosurgery is a medical procedure involving a high-frequency alternating polarity and electrical current to cut, coagulate, desiccate, or fulgurate tissue. The main benefit of this technology is precise cuts without loss of excess blood. Devices that are utilized to execute electrosurgery are known as electrosurgical energy devices.

Owing to the increase in the senescent population around the world, there has been an increase in various disorders, including ocular, cardiovascular, stroke, obesity, cancer, diabetes, gastric diseases, intestinal illnesses, and others. Stroke is one of the principal causes of death among the urban population, accounting for approximately 11.13% of the total deaths. The expanding predominance of these disorders, with increasing open-mindedness about surgical devices, is helping in the development of the market. Stringent regulatory standards are one of the major challenges for the electrosurgical devices market. For a medical device, regulatory requirement is stringent throughout the product’s lifecycle, including during its services and delivery. In 2016, the International Organization for Standardization (ISO) issued a new set of standards in the European Union and the US Food and Drug Administration. In India, several stringent industrial and labor laws have been implemented, making the manufacturing plant responsible for any breach of compliance.

The North American region is leading the electrosurgical energy devices market, owing to advancements in the medical equipment technology and positive results of machines. This market in the Asia Pacific region is also experiencing steady growth due to rapid urbanization, improving the standard of living, increasing disposable income, and better medical facilities. The Middle East is an emerging market for electrosurgical energy devices.

Key Factors Impacting Market Growth:

  • Increasing senescent population globally
  • Advancements in the medical industry, especially in medical machinery and equipment sector
  • The rising dependence on machinery

Key Developments:

  • In January 2018, Bovie Medical (US) patented the surgical product, J-Plasma, and announced the first patient enrollment for use in dermal skin resurfacing

Regional Outlook:

North America, Western Europe, and Asia Pacific by region are estimated to dominate the electrosurgical energy devices market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for electrosurgical energy devices market during the forecast period. 

The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for electrosurgical energy devices market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for electrosurgical energy devices market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for electrosurgical energy devices during the forecast period.

Companies Covered: Applied Medical Resources Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, Bovie Medical, Conmed Corporation, Covidien plc, Johnson & Johnson, Medtronic PLC, Smith & Nephew PLC, and Stryker Corporation 

Market Segmentation:

By Device Type:

  • Monopolar Devices
  • Bipolar Devices
  • Electrocautery Devices

By Application:

  • General Surgery
  • Gynecology
  • Cardiology
  • Urology
  • Dermatology & Cosmetology
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Device Type
    • By Application
    • By End User
  • Western Europe:
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Device Type
    • By Application
    • By End User
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Device Type
    • By Application
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Device Type
    • By Application
    • By End User
  • Middle East:
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Device Type
    • By Application
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Device Type
    • By Application
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global electrosurgical energy devices market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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