Monopolar Electrosurgery Market – Generate Massive Revenue in Upcoming Future 20Posted by sachi kaushik on March 19th, 2021 Over the years, preference for minimally invasive surgical procedures has increased. This is attributed to several technological advancements to reduce trauma to patients. Growing adoption of laparoscopic procedures for colorectal cancer surgery, hernia repair, and plastic surgery has augmented demand for monopolar electrosurgical devices. In addition, automation in laparoscopic procedure has provided immense boost to its growing acceptance. To remain ‘ahead’ of your competitors, request for a sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4845 On the back of the aforementioned trends, the global monopolar electrosurgery market is set to embark on a moderate growth path, expanding at a CAGR of 4.1% during the forecast period (2020-2025). Furthermore, rise in demand for cost-effective monopolar electrosurgery devices in developing economies due to increase in laparoscopic procedures is also anticipated to fuel the global monopolar electrosurgery market growth. North America Takes the Lead, Asia Pacific Presents Lucrative Opportunities Asia Pacific promises substantial growth opportunities for key players operating in the global monopolar electrosurgery market. Increasing patient pool has motivated key players to establish their business in the region. Moreover, favorable reimbursement policies for minimally invasive procedures will further augment the regional market growth. Asia Pacific’s market is poised to expand at a CAGR of 4.7% through 2025. However, North America will continue retain its lead in the monopolar electrosurgery market, accounting for one-third of the global market value. Increased demand for technologically advanced products and rise in FDA approvals are anticipated to push the growth prospects of North America’s market. COVID-19 Impact Analysis The COVID-19 pandemic may register a downturn in the monopolar electrosurgery market, owing to deferment of elective laparoscopic procedures by patients. However, leading manufacturers are ensuring that there is the least possible supply chain disruption in their production capacities. Medtronic, for instance, is negotiating with healthcare providers, suppliers and governments to ensure delivery of life-saving products. Additionally, the company is distributing ventilators across various healthcare settings to care for COVID-19 patients. Ethicon, Inc., another market leader, has designed the MEGADYNE Mega Vac PLUS Smoke Evacuator which helps purify aerosols generated during electrosurgical laparoscopy. The aerosol is a perfect medium for the coronavirus to travel and infect medical practitioners. “Technological innovations and introduction of robotics in minimally invasive surgical procedures have necessitated the utilization of electrosurgery devices, thus broadening the scope of the market. Additionally, key manufacturers are concentrating on providing a wide range of instruments to address the ever-increasing cases of chronic and lifestyle diseases,” concludes the Fact.MR analyst. Key Players to Prioritize Strong Global Presence and R&D Activities The global monopolar electrosurgery market is dominated by two key players: Medtronic and Ethicon Inc. Collectively, these companies capture around three-fifth of the overall market share. Major forte of both the companies include a strong research and development division, robust local and global presence, and diversity in product offerings. Ethicon, for instance, offers a broad range of electrosurgical instruments such as the ENDOPATH Electrosurgery PROBE PLUS II hand instruments, MEGADYNE MEGA SOFT return electrodes and E-Z CLEAN monopolar electrodes. CONMED Corporation, BOVIE Medical, Encision, Inc., Olympus Corporation, Aesculap, AG, and BOWA-electronic GmBH & Co are other prominent players in the global monopolar electrosurgery market. About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: Corporate Headquarter: Like it? Share it! More by this author |