The global Electrosurgical/Electrosurgery Devices Market was valued at USD 7.0 billion in 2022 and is projected to reach USD 12.87 billion by 2032, with a compound annual growth rate (CAGR) of 7% during the forecast period. The market is being driven by the increasing prevalence of chronic diseases, such as cancer and cardiovascular diseases, and the growing demand for minimally invasive surgical treatments.
Electrosurgical devices use high-frequency electric current to cut, coagulate, and vaporize tissue during surgical procedures. They offer several advantages over conventional surgical methods, including less blood loss, minimal scarring, faster recovery, and a lower risk of infection. The popularity of these devices is also increasing due to the development of new energy sources, such as radiofrequency-based and ultrasonic-based devices.
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Major Companies and Competitive Landscape:
- 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
The precision and effectiveness of electrosurgical operations are improving due to the introduction of innovative energy sources, such as cryotherapy, microwave ablation, and argon plasma coagulation. The market is also being driven by the increased incidence of chronic disorders, such as cancer and cardiovascular diseases, which are commonly treated with electrosurgery equipment.
The rising use of electrosurgical equipment in hospitals and ambulatory surgical centers is also contributing to market revenue growth. However, the high cost of electrosurgical equipment and the scarcity of qualified personnel to use these devices are major factors that could hinder revenue growth. Additionally, the availability of less expensive alternatives, such as lasers and ultrasound devices, could also pose a challenge to the market.
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Driving Factors:
- Increasing prevalence of chronic diseases such as cancer and cardiovascular diseases
- Rising demand for minimally invasive surgical treatments
- Development of new energy sources such as radiofrequency-based and ultrasonic-based devices
- Introduction of innovative energy sources like cryotherapy, microwave ablation, and argon plasma coagulation
- Rising use of electrosurgical equipment in hospitals and ambulatory surgical centers
Restraints:
- High cost of electrosurgical equipment
- Scarcity of qualified personnel to use these devices
- Competition from less expensive alternatives, such as lasers and ultrasound devices
- Stringent regulatory requirements for the approval of electrosurgical devices
- Potential risks associated with electrosurgery, such as burns, tissue damage, and electrical shock.
Conclusively, all aspects of the Electrosurgical/Electrosurgery Devices market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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