This market report defines the market trends and forecast the upcoming opportunities and threats of the electrosurgical instruments market in the next 8 years. An electrosurgical device utilizes high-frequency electric current in order to cut, coagulate, remove and control bleeding with the help of monopolar and bipolar product. These devices are used for creation of precise cuts with controlled blood loss in outpatient techniques or hospitals operating rooms. It is used in various surgeries such as cardiovascular, neurosurgery, cosmetic, general and others. According to World Population Ageing, the number of older people generally having age of 60 years or more is expected to increase from 841 million in 2013 to more than 2 billion in 2050 and According to a data published in the Partnership to fight disease, 133 million Americans, 45.0% of the total population is suffering from at least one chronic disease. Thus, expanding geriatric population is more prone towards the diseases as well as increasing prevalence of chronic diseases which need electrosurgical instruments for the treatment of such diseases, ultimately leads to the growth of the electrosurgical instruments market.
This Electrosurgical Instruments global market research report is formulated with the exact understanding of customer requirements. Market status at the global and regional level about ABC industry is offered through this Electrosurgical Instruments report which helps you gain business insights at the extensive marketplace. Details about the market drivers and market restraints included in this Electrosurgical Instruments report helps understand whether the demand of the products in ABC industry will rise or get lower. To provide an absolute overview of the industry, this Electrosurgical Instruments market report covers various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape.
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Global Electrosurgical Instruments Market accounted for USD 2,608.73 million in 2017 and is projected to grow at a CAGR of 8.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The report covers market drivers and restraints which are derived from SWOT analysis and all the competition and variable factors are acquired from Porter’s Five Forces Analysis which is a very useful tool when it comes to analyzing the competitive environment wherein a product or company works.
Competitive Landscape: Global Electrosurgical Instruments Market
The global electrosurgical instruments market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
- Medtronic PLC,
- Braun Melsungen AG,
- Applied Medical Resources Corporation,
- Bovie Medical Corporation¸
Other Companies are Olympus Corporation, Bowa-Electronic GmbH & Co. Kg, Johnson & Johnson, Erbe Elektromedizin GmbH, Conmed Corporation¸ Megadyne Medical Products, Inc., Klsmartin, Acoma Medical, Doral Medical, Seeuco Electronics Technology, Stryker, Special Medical Technology and ALSA, & among others.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global Electrosurgical Instruments Market, By Technology
- Global Electrosurgical Instruments Market, By Product
- Global Electrosurgical Instruments Market, By Accessories
- Global Electrosurgical Instruments Market, By Surgery type
- Global Electrosurgical Instruments Market, By Geography
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Major Market Drivers and Restraints:
- Technological advancements in electrosurgical instrument
- Increasing demand for customized as well as innovative electrosurgical instruments and accessories
- Growing prevalence of chronic diseases and rise in the geriatric population
- Stringent rules and regulations during product approval
- Higher chances of side effects
It is used in various surgeries such as cardiovascular, neurosurgery, cosmetic, general and others. According to World Population Ageing, the number of older people generally having age of 60 years or more is expected to increase from 841 million in 2013 to more than 2 billion in 2050 and According to a data published in the Partnership to fight disease, 133 million Americans, 45.0% of the total population is suffering from at least one chronic disease.
Thus, expanding geriatric population is more prone towards the diseases as well as increasing prevalence of chronic diseases which need electrosurgical instruments for the treatment of such diseases, ultimately leads to the growth of the electrosurgical instruments market.
Electrosurgical Instrument market Report provides comprehensive analysis of
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
- Key market segments and sub-segments
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Global Electrosurgical Instruments Market Segmentation:
- The global electrosurgical instruments market is segmented based on technology, product, accessories, surgery type and geographical segments.
- Based on technology, the global electrosurgical instruments market is segmented into radio frequency, ultrasonic, molecular resonance.
- On the basis of product, the global electrosurgical instruments market is segmented into bipolar electrosurgical instruments and monopolar electrosurgical instruments. Bipolar electrosurgical instruments are sub segmented into bipolar forceps and advanced vessel sealing instruments. Monopolar electrosurgical instruments are sub segmented into electrosurgical electrodes, suction coagulators, electrosurgical pencils and monopolar forceps.
- On the basis of accessories, the global electrosurgical instruments market is segmented into patient return electrodes, cords, cables, adapters and others. Others type of accessories include carts, foot switches and tip cleaners.
- On the basis of surgery type, the global electrosurgical instruments market is segmented into gynecological, cardiovascular, neurosurgery, urologic, cosmetic¸ orthopedic and general surgery.
- Based on geography, the global electrosurgical instruments market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Key focus of the report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides five-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of electrosurgical instruments market segments
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