What are the key players operating in Global Electrosurgical Devices Market?

 

 

What is an Electrosurgical device?

Electrosurgical devices are medical devices that, with the application of electricity, cause the thermal destruction of tissues through dehydration, coagulation, or vaporization. These devices use high frequency, alternating electric current with producing heating in biological tissue as a means to cut, coagulate or desiccate the tissue.

What is the Global ElectrosurgicalDevices Market?

The Global Electrosurgical Devices was valued at USD 8,520.99 million in 2021, growing at a CAGR of 6.64% during the forecast period from 2022 to 2027, to reach USD 12,401.80 million by 2027.

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What are the Electrosurgical Devices Market Dynamics?

The electrosurgical devices market is witnessing an increase in market revenue owing to the rising prevalence of various chronic diseases such as heart failure and stroke due to various factors such as genetics, age, obesity, and unhealthy lifestyle. According to the World Health Organization (WHO) (2021), in 2019, cardiovascular disease (CVDs) was one of the leading causes of death globally. It was estimated that around 17.9 million people died from CVDs in 2019, representing 32% of all global deaths. Most cardiovascular disorders are treated by some surgery.

What is the Electrosurgical Devices Market Segment Analysis?

Electrosurgical devices market by Product (Electrosurgical Generators, Electrosurgical instruments & accessories [Electrosurgical instruments {Monopolar instruments (Electrosurgical pencils, Electrosurgical electrodes, suction coagulators, and others), Bipolar Instruments (Advanced Vessel Sealing Instruments, Bipolar Forceps)} Electrosurgical accessories],  Argon and Smoke Management Systems), Application (General Surgery, Orthopedic Surgery, Gynaecology Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, and others), End-User (Hospitals, Ambulatory Surgical Centers, and Others), Geography (North America, Europe, Asia-Pacific, and Rest of the World).

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Recent Developmental Activities in Electrosurgical Devices Market:

·         In April 2022, Italy-based medical device company I-VASC announced the launch of the VELEX device that can be used for the treatment of Venous Insufficiency and Empty Vein Ablation and provides more safety during surgeries in comparison to conventional sclerotherapy.

·         In September 2019, Baylis Medical launched VersaCross® Large Access Solution in Canada, for performing Left Atrial Appendage Closure (LAAC) procedures. VersaCross includes the world's first 3-in-1 radiofrequency (RF) with a seamless shapeable dilator for optimizing tissue dilation.

·         In April 2019, 4T Medical announced the launch of Zeus, a portable electrosurgical device in the United Kingdom, offering control over frequency and power systems, enabling the treatment to be tailored as per the patient’s age and skin type.

What are the drivers for the Global Electrosurgical device?

The Global Electrosurgical Devices market is witnessing growth due to the rising prevalence of chronic disorders such as cardiovascular disorders, neurological disorders, gynecological disorders, and others, the rising number of surgical procedures, and escalating burden of geriatric patients.

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What are the key players operating in Global Electrosurgical Devices Market?

Some of the key market players operating in the Electrosurgical Devices market include Medtronic, Olympus, CONMED Corporation, Symmetry Surgical Inc., Applied Medical Resources Corporation, ERBE GmbH, Kirwan Surgical Products, LLC, CIMPMAX, Johnson & Johnson, Boston Scientific Corporation, Bissinger Medizintechnik, Surgical Holdings, Parkell Inc., Utah Medical Products Inc., Novuson, Apyx Medical Corporation, B. Braun Melsungen AG, Hangzhou AGS Medtech Co., Ltd, KLS Martin Group, Smith & Nephew, and others.

Which region has the highest share in the Electrosurgical Devices market?

Among all the regions, North America is expected to account for a significant market share in the Electrosurgical Devices market. North America is predicted to account for the dominant revenue share because of the increasing prevalence of chronic disorders, upsurge in the number of cosmetic surgeries, cardiovascular surgeries, and cesarean operations, along with increased product launches and approvals in the region.

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