Electrosurgery Devices Market Headed for Growth and Global Expansion by 2022
Posted by vakhas on September 10th, 2018
The global electrosurgery devices market is projected to exhibit an above-average expansion during the forecast period 2017 to 2022, according to a new study by Fact.MR. Revenues from the market is estimated to reach roughly US$ 8,000 Mn by 2022-end.
Numerous surgical procedures have witnessed transformation from traditional ways to adoption of various minimally-invasive techniques, with changing phase of medical sector. The number of elder population around the world has been witnessing a surge, along with rising healthcare coverage. According to statistics offered by the WHO, global elder population is expected to account for approximately 2 Bn by 2050-end. The elder population is becoming highly prone to several diseases such as cardiac arrests, gastrointestinal diseases, and cancer, which in turn has driven the demand for minimally invasive techniques in order to treat patients who prefer to avoid hospital stay as well as healing time. High unmet needs for minimally invasive procedures are offering huge scope for expansion of the global market for electrosurgery devices.
Electrosurgery devices find their application in various surgical procedures such as coagulation, devitalization, cutting, and thermofusion. Patients are now opting for electrosurgery on the back of their advantages which include faster recovery time, minimal chances of infection, low risk to patients, and easy to use. The governments across the globe are making investments in order to develop target-specific surgical devices, along with advanced medical treatment. Key players in the market are focusing on developing innovative electrosurgery devices. These players are also concentrating on development of new accessories and products, capable of providing improved tissue vaporization applications, multimodality application, and coagulation & cutting properties, in a bid to capitalize growth opportunities for the global electrosurgery devices market.
12 Key Estimations from Fact.MR’s Report on the Global Electrosurgery Devices Market
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Key players profiled in Fact.MR’s report include Medtronic Plc, Bovie Medical Corporation, Johnson & Johnson Private Limited, Heal Force Bio-meditech Holdings Limited, Erbe Elektromedizin GmbH, B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Smith & Nephew, and AngioDynamics, Inc.
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Joined: July 27th, 2017
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