Market Research Report
Global Electrosurgery Devices Market, By Method, By Type, By Application, By End-user, By Region, Forecast & Opportunities, 2026
|Published by||TechSci Research||Product code||1002699|
|Published||Content info||110 Pages
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|Global Electrosurgery Devices Market, By Method, By Type, By Application, By End-user, By Region, Forecast & Opportunities, 2026|
|Published: April 28, 2021||Content info: 110 Pages||
Global Electrosurgery Devices Market, By Method (Monopolar v/s Bipolar), By Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Patient Return Electrodes), By Application (General Surgery, Gynecology Surgery, Orthopedic Surgery, Cardiovascular Surgery, Others), By End-user (Hospitals & Clinics, Ambulatory Surgical Centers and Others), By Region, Forecast & Opportunities, 2026.
The global electrosurgery devices market stood at USD6781.75 million in 2020 and is expected to grow at a CAGR of 6.51%, during the forecast period. This can be ascribed to growing popularity of minimally invasive surgical procedures across the globe. Additionally, rising number of cosmetic surgeries being performed is further expected to fuel the market growth through 2026. These surgeries are majorly being performed to look younger and better. Earlier they were only being preferred by the celebrities but now the general population is also going for these surgeries. Besides, technological advancements in electrosurgery devices and instruments and new product launches by major players operating in the market is expected to create lucrative opportunities for the market growth over the next few years.
The global electrosurgery devices market is segmented into method, type, application, end-user, company and region. Based on type the global electrosurgery devices market is segmented into electrosurgical generators, electrosurgical instruments & accessories, and patient return electrodes. The electrosurgical instruments & accessories segment dominated the market in 2020 with a share of 45.46% on account of the growing demand for disposable and reusable electrosurgical instruments. Additionally, different types of electrosurgical instruments & accessories are being used in different types of surgery. Also, these are not a one time purchase products in case of disposable electrosurgical instruments & accessories they are being regularly purchased and there is always a demand for them. All these factors are expected to support the segmental growth through 2026. Also, technological advancements in electrosurgical instruments and the increasing number of cosmetic and plastic surgeries are further stimulating the growth of this segment.
The application segment is divided into orthopedics, cardiovascular, general, gynecology surgery and others. The general surgery segment dominated the market in 2020 with a share of 31.27%, the large share of this segment can be attributed to the rising geriatric population and increase in the prevalence of various diseases/conditions, rising prevalence of obesity, among others.
Some of the leading players in global electrosurgery devices market include Medtronic Plc, Boston Scientific Corporation, Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Conmed Corporation, Applied Medical Resources Corporation, Utah Medical Products, Inc., Erbe Elektromedizin GmbH, KLS Martin GmbH & Co. KG, Karl Leibinger Medizintechnik GmbH & Co. KG, Arthrex GmbH, AtriCure Inc., ATMOS Inc., Meyer-Haake GmbH. In order to expand their market share, the companies tend to adopt various strategies like new product launches, mergers & collaboration.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026F
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global electrosurgery devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global electrosurgery devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Electrosurgery Instruments & Accessories
Patient Return Electrodes General
Ambulatory Surgical Centers
Middle east & Africa
Company Profiles: Detailed analysis of the major companies present in global electrosurgery devices market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: