The 2022 global size for electrosurgery devices market reached USD 7.0 billion and is projected to attain USD 12.87 billion by 2032, exhibiting a 7% revenue CAGR throughout the forecast period. The surge in chronic diseases such as cancer and cardiovascular conditions, coupled with a growing preference for minimally invasive surgical interventions, stands out as the primary driver propelling the market's revenue expansion.
Surgical procedures involving the utilization of high-frequency electric current for slicing, coagulation, and vaporization of tissue contribute to the rising prominence of electrosurgical devices. The increasing demand for minimally invasive surgeries underscores the growing popularity of these devices, offering numerous advantages over traditional surgical methods. These benefits include reduced blood loss, minimal scarring, accelerated recovery, and a diminished risk of infection.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- Medtronic
- Johnson Johnson
- Olympus Corporation
- Braun Melsungen AG
- Bovie Medical Corporation
- CONMED Corporation
- ERBE Elektromedizin GmbH
- Boston Scientific Corporation
- BOWA-electronic GmbH Co. KG
- KLS Martin Group
Based on Product Type Outlook is segmented into:
- Electrosurgical Generators
- Electrosurgical Instruments
- Electrosurgical Accessories
Based on Application Outlook is segmented into:
- General Surgery
- Gynecology
- Urology
- Orthopedic Surgery
- Cardiovascular Surgery
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
Major Points covered in this report are as below:
- An analysis of Electrosurgical/Electrosurgery Devices industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
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