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Electrosurgical Devices Market

: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Global Electrosurgical Devices Market By Type (Monopolar Electro surgery, Bipolar Electro surgery), By Product (Electrosurgical Generators, Electro surgical Forceps, Electro surgical electrodes, Electro surgical Pencils, Electro surgical cords, Suction Coagulators, Others), By Application (Cardiology, Urology, Orthopedic, Cosmetic Surgeries, Neurology, Nephrology, Gynecology, Others), By End User (Ambulatory Surgical Centers, Hospitals, Clinics),and Geography

 

Electrosurgical Devices Market Dynamics:

Electro surgery is the application of high radio frequency alternating polarity, electrical current to biological tissue as a means to cut, desiccate, and coagulate the tissue. The device which are used to perform the electro surgery procedures are called as electrosurgical devices. There are applicable in various medical fields. Growing preference for minimally or noninvasive surgical procedures and benefits of electro surgical procedure over conventional procedures provides huge scope for the growth of the electro surgical devices market globally. Furthermore, growing awareness regarding the usage of electrosurgical devices, ease in handling and usage of the devices, rapid technological advancements, improved QoL of patients also propels the growth of the electro surgical devices globally. However, lack of skilled work force, high cost of the devices, product recalls, and stringent regulatory frame work may hinder the growth of the electro surgical devices market globally.

 

Electrosurgical Devices Market Scope:

Electrosurgical Devices Market is segmented on the basis of Type, Product, Application, and End user and Geographical regions

 

Based on the Type, Global Market is segmented into the following:

  • Monopolar Electro surgery
  • Bipolar Electro surgery

 

Based on the Product, Global Market is segmented into the following:

  • Electrosurgical Generators
  • Electro surgical Forceps
  • Electro surgical Electrodes
  • Electro surgical Pencils
  • Electro surgical Cords
  • Suction Coagulators
  • Others

 

Based on the Application, Global Market is segmented into the following:

  • Cardiology
  • Urology
  • Orthopedic
  • Cosmetic Surgeries
  • Neurology
  • Nephrology
  • Gynecology
  • Others

 

Based on the End User, Global Market is segmented into the following:

 

Regional Analysis: Electrosurgical Devices Market

Geographically, Electrosurgical Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions. North America is the leading market for electro surgical devices followed by Europe, owing to the strong economic status, favorable reimbursement policies, and rapid adoption of new advancements and also rising prevalence of chronic diseases which may require surgery also drives the growth of electrosurgical devices market in North America and Europe. Asia Pacific region is also expected to show significant growth rate in electro surgical devices market owing to the huge population pool, increased number of surgeries related to beauty, cardiology and other chronic conditions. Latin America and MEA is anticipated to show lucrative growth owing to the rising healthcare, economic and living standards of the people.

 

Competition Assessment: Electrosurgical Devices Market

Key players profiled in the global Electrosurgical Devices Market include:

  • Medtronic (Ireland)
  • Ethicon, Inc. (U.S.)
  • Olympus Corporation (Japan)
  • CONMED Corporation (U.S.)
  • Bovie Medical Corporation (U.S.)
  • Erbe Elektromedizin GmbH (Germany)
  • BOWA-electronic GmbH & Co. KG (Germany)
  • Braun Melsungen AG (Germany)

 

Notable Market Developments: Electrosurgical Devices Market

  • In January 2017, Ethicon Endo-Surgery, Inc. acquired Megadyne Medical Products, Inc., a medical device company which develops, manufactures and markets electrosurgical tools used in operating rooms worldwide.
  • In April 2016, Bovie Medical Corporation, launched its J-Plasma product extension, in the brand name of Precise 360.

 

Electrosurgical Devices Market Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
  • Medtronic (Ireland)
  • Ethicon, Inc. (U.S.)
  • Olympus Corporation (Japan)
  • CONMED Corporation (U.S.)
  • Bovie Medical Corporation (U.S.)
  • Erbe Elektromedizin GmbH (Germany)
  • BOWA-electronic GmbH & Co. KG (Germany)
  • Braun Melsungen AG (Germany)

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