The latest market report published by Credence Research, Inc. “Global Electrosurgical Devices Market – Growth, Future Prospects, Competitive Analysis and Pipeline Analysis, 2017 – 2025,” the global electrosurgical devices market was valued at US$ 4.18 Bn in 2016, and is expected to reach US$ 7.46 Bn by 2025 expanding at a CAGR of 6.4 % from 2017 to 2025.
The preference to electrosurgery over conventional surgery is due to factors such as low risk to patient, faster recovery time, minimal chances of infection, and the ease of performing the surgeries. Electrosurgical devices are further segmented into product (electrosurgical generators, electrosurgical instrument and accessories, argon and smoke management system), and applications (cardiovascular surgery, oncology surgery, orthopedic surgery, cosmetic surgery, neurology surgery).
The electrosurgical instrument and accessories is leading the product segment due to enhanced safety and ease of use, lesser thermal damage to tissues, better and clean electromyographic signals and its application to perform sensitive surgeries like neurology, ophthalmology and otolaryngology etc. The electrosurgical generators is gaining momentum as it is suitable for both bipolar and monopolar electrodes, supplies current in surgeries performed in liquid state and self-controlled by innovative operating software.
Cardiovascular surgery leads the application segment due to rise in cardiovascular complications which propels the need for minimally invasive surgeries, early recovery period and no infection post-surgery. The cosmetic surgery will register the fastest growth in the application segment due to increase in number of surgeries done by obese people, high disposable income, low self-esteem propelling need for facial surgery, breast enlargement surgery etc.
The electrosurgical devices market is technologically driven Covidein Plc. (Medtronics), Bovie Medical Corporation, ATMOS, Inc., Ethicon, Inc., Boston Scientific Corporation etc. are few market leaders in electrosurgical devices market and compete to augment their foothold in the market.
Browse the full report at http://www.credenceresearch.com/report/electrosurgical-devices-market
Key Market Movements:
Higher prevalence of chronic diseases and aging population
Technological advances in production of electrosurgical devices and software
Increasing number of minimally invasive procedure and untapped potential in emerging markets
Affordable reimbursement policies
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