Global Electrosurgery Industry is Expecting Major Revenue Growth in Near Future

PUNE, India, 2020-Dec-15 — /EPR Network/ —

Secondary Research:

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B, Bloomberg Businessweek, and Factiva) were referred to in order to identify and collect information for this study.

Primary Research:

The Electrosurgical Instruments Market comprises several stakeholders, such as manufacturers of electrosurgery devices, instruments and accessories, suppliers, hospital surgical & ablation centers, and ambulatory centers. The demand side of this market is characterized by the global rise in minimally invasive surgeries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Global Revenue Surge:

The global electrosurgery market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%.

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Key Questions Addressed by the Report:

• What are the growth opportunities related to the adoption of electrosurgery devices and instruments across major regions in the future?
• Emerging countries have immense opportunities for the growth and adoption of electrosurgery devices and instruments. Will this scenario continue in the next five years?
• Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
• What are the new trends and advancements in the electrosurgery market?
• What are the different trends and dynamics that will shape the future of the global Electrosurgical Instruments Market?

The hospitals, clinics, & ablation centers segment accounted for the largest share of the electrosurgery market in 2018.

On the basis of end users, the electrosurgery market is segmented into hospitals, clinics, & ablation centers; ambulatory surgical centers; and research laboratories & academic institutes. The hospitals, clinics, & ablation centers segment accounted for the largest market share in 2018. The large share of this segment can be attributed to a large number of electrosurgery procedures performed in hospitals, the growing demand for minimally invasive procedures, and the rising adoption of advanced imaging modalities to improve workflow efficiency in hospitals.

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the electrosurgery market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry and markets have been identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period

On the basis of region, the electrosurgery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America accounted for the largest share of the electrosurgery market, followed by Europe. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to the growing popularity of cosmetic surgeries, government efforts to increase access to elective surgery, large population base, high patient population, and improving healthcare infrastructure in the region.

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In 2018, Medtronic (Ireland), Ethicon (US), and Olympus (Japan) dominated the Electrosurgical Instruments Market. Other prominent players in this market include CONMED (US), B. Braun Melsungen AG (Germany), Applied Medical (Netherlands), Erbe Elektromedizin GmbH (Germany), Kirwan Surgical Products LLC (US), Bovie Medical Corporation (US), BOWA-electronic GmbH & Co. KG (Germany), KLS Martin Group (Germany), Boston Scientific (US), Smith & Nephew plc (UK), and CooperSurgical Inc. (US).

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