As per the study at FMI, the Electrosurgery Devices Market is valued at US$ 3.3 Billion in 2022 and is expected to reach US$ 5.1 billion by 2032, growing at a 4.4% CAGR, as per a recent report by Future Market Insights.
Technologically advanced tools, as well as their use in major applications in medical, cosmetic, and age-related surgeries, are fueling the sales of electrosurgery devices, enhancing the cosmetic, medical, and age-related surgery experience.
New minimally invasive surgery techniques and integrated technology are driving sales of electrosurgery devices such as generators and other instruments.
Because of the novel coronavirus, end users have been forced to prioritise treatments. Coronavirus has hampered the electrosurgery market by disrupting the flow of distribution channels and the supply chain, ultimately limiting logistics operations.
Electrosurgery devices make processes easier and less time-consuming, emphasising end-user care and enhancing cosmetic surgeries, cardiovascular surgery, and gynaecology surgery. This increases the demand for electrosurgical devices.
Governments all over the world are implementing cutting-edge technologies to improve healthcare systems. This includes the surgical treatment of chronic diseases.
The impact of Covid-19, combined with high prices and incompetent operators, is holding back the electrosurgery market. The covid-19 has ruined the supply chain, while high cosmetic surgery prices limit the market as end users seek low-cost solutions and other alternatives.
What is the Segmentation Outlook for the Electrosurgery Devices Market?
The electrosurgery instruments & accessories segment is the largest and will hold the largest portion of the market by product in the forecast period, thriving at a CAGR of 4.2% through 2032, owing to factors such as high use in the medical and cosmetic sectors, as well as an exciting price range due to widespread usage.
The general surgery segment is the largest application segment and will hold the largest portion of the market, growing at a CAGR of 4.1% between 2022-2032, attributing to the largest and fastest growing market, the United States, growing at a CAGR of 15.9% between 2022-2032, due to common usage. New technological involvement in general surgery includes features such as new corporate setups in mature markets, startups, and digitization of old working spaces.
The US market is expected to exceed US$ 1.7 billion by 2022, growing at a CAGR of 3.9% between 2022 and 2032. New cosmetic trends, high obesity rates, and high capital investment in healthcare units are factors contributing to its growth.
China, the world's second fastest growing market, will hold US$ 347 Mn by the end of 2032, thanks to a promising CAGR of 3.7% between 2022 and 2032, with Japan and South Korea growing alongside.
Leading Companies Profiled in Macadamia Milk Market are
Olympus Corporation;
Ethicon, Inc.;
Boston Scientific;
B. Braun Melsungen AG;
Kirwan Surgical Products, LLC;
Smith and Nephew; Parkell, Inc.;
Bovie Medical Corporation; and
ATMOS, Inc.
COMPETITIVE LANDSCAPE:
Some of the electrosurgery devices market competitors listed in the FMI's study on Electrosurgery devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Symmetry Surgical Inc, BOWA-electronic GmbH & Co. KG and CONMED Corporation etc.
Want to Know More about the Electrosurgery Devices Market?
The electrosurgery devices market has been studied for the historical period of 2017-2021 and forecasted period of 2022-2032.
Product
Electrosurgery Generators
Electrosurgery Instruments & Accessories
Argon and Smoke Management Systems
Application
General Surgery
Gynecology Surgery
Urologic Surgery
Orthopedic Surgery
Cardiovascular Surgery
Cosmetic Surgery
Neurosurgery
Other Applications
Region
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Recent Developments
B. Barun Melsungen AG has improved its electrosurgery device line, which includes monopolar accessories, bipolar accessories, and equipment trolley electrosurgery. This updated and innovative technology propels the market and raises demand for electrosurgery devices.
Symmetry Surgical Inc has launched a new line of electrosurgery solutions, including the uterine elevatOR PRO and OccludOR Balloon, the Bovie Smoke Shark, and the Bookwalter Retractor, fueling global sales of electrosurgery devices.
