A recent report published by Infinium Global Research on electrosurgery market provides in-depth analysis of segments and sub-segments in the global as well as regional electrosurgery market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional electrosurgery market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global electrosurgery market. According to the report, the global electrosurgery market is projected to grow at a CAGR of 4.78% over the forecast period of 2019-2025.
The use of electricity to cause thermal destruction of tissue through dehydration, coagulation, or vaporization is termed as electrosurgery. High-frequency electrosurgery and electrocautery are two types of electrosurgery. In high-frequency electrosurgery, the current is converted into heat that passes through the tissue and causes damage to tissue. There are four methods of high-frequency electrosurgery they are electrosection, electrocoagulation, electrofulguration, and electrodesiccation. In electrocautery, the current is used to heat the component, which is then applied to the tissue. The instrument used for electrosurgery is classified into bipolar instruments and monopolar instrument. The bipolar instrument includes a bipolar system, bipolar forceps. Electrode handles, electrosurgical pencils, electrosurgical electrodes, monopolar forceps are types of monopolar instruments.
The increasing occurrence of chronic diseases such as cardiac arrest, gastrointestinal, cancer, and intestinal diseases due to change in lifestyle and the weak immune system is driving the demand of the electrosurgery market. In addition, rising population with the spinal disorders and obesity has increased need for surgery thus, the application of electrosurgery in minimally invasive surgeries are boosting the growth of the market. Moreover, the rise in the adoption of innovative and advanced technology products is another factor that drives the growth of this market. On the other hand, the bacterial and viral particles are transferred directly that lead to infection at the time of treatment, thus risk associated with electrosurgical procedures is likely to restrain the growth of the market. Furthermore, strict government norms are likely to hamper the growth of the market. The untapped potential in emerging economies is likely to bring more opportunities to this market.
Among the regions, North America held the largest share in the global electrosurgery market. The U.S. accounted for the largest share in the North America region. The established healthcare industry, a large number of investors in the healthcare sector and increased demand for high-quality healthcare facilities contributes to the growth of the North America electrosurgery market. Furthermore, the high adoption of advanced medical treatments also favors the growth of the North America electrosurgery market. The Asia Pacific is anticipated to grow at the fastest CAGR owing to the improving healthcare infrastructure, growing medical tourism in several Asian countries such as China, Japan, and India.
The report on global electrosurgery market covers segments such as product, type, application, and end user. On the basis of product, the sub-markets include generators, bipolar, monopolar, accessories, argon systems, and smoke management systems. On the basis of type, the sub-markets include high-frequency electrosurgery and electrocautery. On the basis of application, the sub-markets include general surgery, gynecology surgery, cosmetic surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, and neurosurgery. On the basis of the end user, the sub-markets include hospitals, specialty clinics, and ambulatory surgery centers.
The report provides profiles of the companies in the market such as Medtronic plc, B. Braun Melsungen AG, BOWA-electronic GmbH & Co. KG, ERBE Elektromedizin GmbH, Ethicon, Inc., Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, CONMED Corporation, and Kirwan Surgical Products, LLC.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of electrosurgery market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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