Meticulous Research®—a leading global market research company, published a research report titled, ‘Electrosurgery Market by Product (Monopolar, Bipolar Instrument, Generator, Smoke Evacuation System, Electrode), Surgery (Obstetrics, Cardiovascular, General, Orthopedic, Oncology, Neurosurgery, Cosmetic), End User (Hospital, ASC)—Global Forecast to 2031.’
Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5396?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=21-05-2024
Meticulous Research®'s latest publication reveals that the global electrosurgery market is set to soar to $8.99 billion by 2031, registering a CAGR of 4.8% from 2024 to 2031. This growth trajectory is fueled by several key factors, including the rising volume of surgical procedures, the increasing preference for minimally invasive techniques, and the adoption of computer-assisted surgeries. Additionally, the growth of medical tourism, especially in developing countries, and the rising incidence of cancers such as skin, throat, lip, and cervix cancers, alongside the growing prevalence of chronic diseases driven by an aging population, are significant contributors. Further market expansion is expected due to increasing healthcare expenditures and opportunities in emerging economies.
Despite these positive trends, the market faces challenges. Risks associated with electrosurgical procedures and a shortage of skilled surgeons are significant restraints. Additionally, growing concerns about the toxic fumes released during electrosurgical procedures pose a notable challenge.
Market Segmentation and Key Insights
Electrosurgery Generators: Expected to hold the largest market share in 2024. These devices are essential for providing high-frequency electrical currents used in both laparoscopic and open surgeries. The dominance of this segment is due to the high cost, technological advancements, and widespread availability of advanced generators.
General Surgery: Projected to account for the largest share of the market in 2024. This includes surgeries on abdominal organs, breasts, skin, soft tissues, and specific vascular and endocrine systems. The segment's growth is driven by the aging population, the preference for minimally invasive techniques, and the expansion of healthcare facilities.
End User Segmentation
Hospitals & Clinics: Expected to dominate the market share in 2024. Hospitals and clinics are the primary centers for disease diagnosis and treatment, handling a high volume of patient visits. The presence of advanced electrosurgery equipment and increasing disease burdens requiring surgical intervention contribute to this segment's large market share.
Ambulatory Surgical Centers: Also serve as important facilities for various surgical procedures.
Geographic Analysis
North America: Expected to hold the largest share in 2024, driven by high adoption of advanced products, the presence of key market players, a well-established healthcare system, and a rising preference for minimally invasive surgeries.
Asia-Pacific: Projected to register the highest CAGR during the forecast period. Factors driving growth include increasing demand for advanced electrosurgery products, technological advancements, and growing healthcare expenditures.
Key Market Players
Prominent players in the electrosurgery market include:Medtronic plc (Ireland)Stryker Corporation(U.S.)Johnson & Johnson (U.S.)CONMED Corporation (U.S.)Olympus Corporation (Japan)STERIS plc (Ireland)Boston Scientific Corporation (U.S.)B. Braun SE (Germany)BOWA-electronic GmbH & Co. KG (Germany)Erbe Elektromedizin GmbH (Germany)Kirwan Surgical Products, LLC (U.S.)Symmetry Surgical Inc. (U.S.)Surgical Holdings (U.K.)KLS Martin Group (U.S.)I.C. Medical Inc. (U.S.)Zimmer Biomet Holdings, Inc. (U.S.)Smith and Nephew plc (U.K.)
Conclusion
The electrosurgery market is on a robust growth path, with substantial opportunities driven by technological advancements, increasing surgical procedures, and the expansion of healthcare facilities globally. However, addressing the challenges related to the risks of electrosurgery and environmental concerns will be crucial for sustained growth.
Buy Now@ https://www.meticulousresearch.com/Checkout/76480504?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=21-05-2024
About Meticulous Research®:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research