Global Electrosurgery Market Status and Prospect, Forecast 2018 to 2026
Posted by Andreas Winkler on March 5th, 2018
Electrosurgery also known as radiosurgery, is an application used to perform multiple modalities, by using electricity to create thermal destruction of soft tissue in the human body through dehydration, coagulation, or vaporization. The energy formed by electrosurgery reacts with water molecules within cells of the tissues being treated. Benefits of electrosurgery are less bleeding during the procedure which reduces complications, rapid healing and minimal scarring. Frequency electrosurgery and electrocautery are the most commonly used types of electrosurgery.
Increasing adoption of technologically advanced surgeries (https://marketresearch.biz/report/electrosurgery-market/)in developed and developing economies, rising patient preference for minimally invasive surgeries, and growing number of outpatient surgery center for faster patient recovery are key factors driving growth of the global electrosurgery market. In addition, growing awareness for cosmetics surgeries in emerging countries, improvement in healthcare infrastructure, and government initiative in development of modern healthcare infrastructure along with reimbursement structure are other factors fueling growth of the global electrosurgery market over the forecast period.
However, frequent product recalls, and risk involved in electrosurgery treatment are key factors restraining growth of the global electrosurgery market. Stiff competition among the market players is a major challenge in the global electrosurgery market. Additionally, time required for treatment is higher as compared to non-invasive surgery, is another factor expected to hamper growth of the global electrosurgery market over the forecast period.
The global electrosurgery market report has been segmented on the basis of product, type, end user and region. On the basis of region, the global electrosurgery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America is a dominant player in the global electrosurgery market and accounts for largest market share in term of revenue, followed by Europe. This can be attributed to owing to presence of skilled professionals, increasing adoption of technologically advanced surgeries, rising demand for cosmetic surgery, and increasing disposable income in developing countries. The market in Asia Pacific is expected to witness fastest growth in terms of revenue, owing to presence of large patient pool, rising government initiative for standard healthcare sector, and growing awareness about electrosurgery treatment in countries in the region. The market in Asia Pacific is expected to register highest CAGR during the forecast period.
Prominent players in the global electrosurgery market include Medtronic, Ethicon US, LLC., Olympus Corporation, CONMED Corporation, Erbe Elektromedizin GmbH, Bovie Medical Corporation, B. Braun Melsungen AG, BOWA-electronic GmbH & Co. KG, Kirwan Surgical Products, LLC., and Parkell, Inc.
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