Global Electrosurgery Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Electrosurgery is a surgical procedure that is used in surgery to control bleeding and to quickly dissect soft tissue. This technique aids in making precise cuts with limited blood loss. Factors such as the growing prevalence of chronic diseases, increasing demand for minimally invasive surgical procedures, coupled with the rising inclination towards outpatient surgeries are the primary factors burgeoning the market demand across the globe. According to Statista, the minimally invasive surgery market worldwide accounted for nearly USD 20.5 billion in 2019. Also, the amount is projected to grow and is likely to reach around USD 44.04 billion by 2030. Therefore, the growing preference for minimally invasive surgery is augmenting the growth of the global market. However, several risks associated with electrosurgical procedures and the increasing number of stringent regulatory frameworks impede the growth of the market over the forecast period of 2022-2028. Also, the flourishing growth of the healthcare sector and increase in the number of cosmetic and bariatric procedures are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Electrosurgery Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing demand for minimally invasive procedures and rising technological advancements in electrosurgical instruments. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing incidences of chronic diseases, and growing number of hospitals, clinics, and ambulatory surgical centers, would create lucrative growth prospects for the Electrosurgery Market across the Asia-Pacific region.
Major market players included in this report are:
B. Braun Melsungen AG
Smith and Nephew Plc
BOWA-electronic GmbH & Co. KG
The Cooper Companies, Inc.
Kirwan Surgical Products LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Smoke Evacuation Systems
Hospitals, Clinics, and Ablation Centers
Ambulatory Surgical Centers
Research Laboratories and Academic Institutes
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Electrosurgery Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers