electrosurgical devices market to Undertake Strapping Growth by the End 2028 – The Insight Partners.
Posted by niket gore on July 26th, 2022
The global electrosurgical devices market is expected to reach US$ 8,000.9 Mn in 2025 from US$ 4,828.4 Mn in 2017. The market is estimated to grow with a CAGR of 6.8% from 2018-2025.Rising demand of minimally invasive surgeries is expected to drive the growth of the market. However, risk factors associated with electrosurgical devices is expected to hamper the growth of the market. A minimally invasive medical procedure is generally carried out by entering the device in body through the skin or through a body cavity or anatomical opening, but with the smallest damage possible to these structures. Minimally invasive surgeries are being performed widely during the recent years. Usually minimally invasive surgery is implemented using an endoscope and other instruments containing electrosurgical units (ESUs). There has been a rise in the number of people opting for minimally invasive surgeries. Unlike traditional surgical procedures, a minimally invasive surgery requires only a small incision to be made. Since these incisions are tiny, the patient recovers at a faster rate comparatively, with less discomfort. Some of the benefits of a minimally invasive surgery include, few small cuts, less trauma to the muscles, nerves and tissues, less bleeding & scarring, less trauma to organs, less pain and reduced use of narcotics, less hospital time, and less effect on the immune system. Thus, the rising demand of minimally invasive surgeries is expected to fuel the growth of electrosurgical devices market over the forecast years.
Get Sample Pdf:- https://www.theinsightpartners.com/sample/TIPHE100000979/
Global electrosurgical devices market, based on application was segmented into general surgery, gynecology, urology, gastroenterology, arthroscopy and others. In 2017, general surgery segment held the largest share of the market, by application. Moreover, the general surgery segment is expected to grow at the fastest rate during the coming years owing to the increasing number of surgeries performed in the various countries.
The major players operating in the electrosurgical devices market include Olympus Corporation, Medtronic, Ethicon US, LLC. Boston Scientific Corporation, B. Braun Melsungen AG, CONMED Corporation, Erbe Elektromedizin GmbH, Kirwan Surgical Products, LLC, BOVIE MEDICAL, and Parkell, Inc. For instance, in October 2015, Olympus Corporation launched the DualKnife J single-use electrosurgical knife in Japan. The knife is designed to be used in therapeutic endoscopy for removal of early stage tumors in the stomach, esophagus, colon, and other parts of the gastrointestinal tract. The developments performed by the companies are helping the market to grow in the coming years.
The report segments the global electrosurgical devices market as follows:
Like it? Share it!
About the Authorniket gore
Joined: July 6th, 2022
Articles Posted: 316
More by this author