Electrosurgery Market size was valued at USD 6.15 Bn. in 2022 and the total Electrosurgery Market revenue is expected to grow at 6.1 % from 2023 to 2029, reaching nearly USD 9.31 Bn.
Electrosurgery Market Overview:
The purpose of this study is to provide an in-depth analysis of the Electrosurgery Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Electrosurgery industry. The study also provides a thorough examination of the market’s value chain.
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Electrosurgery Market Scope:
The research method used to assess and forecast the Electrosurgery market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Electrosurgery market.
Electrosurgery Market Drivers:
Electrosurgical methods, minimally invasive surgeries provide a number of advantages, including quicker recovery times, lower post-operative problems, and less pain. Additionally, these techniques are less expensive than standard surgical procedures. For the treatment of a number of illnesses, including liver cancer, heart valve abnormalities, ophthalmic disorders, and spine surgeries, laser and electrosurgical technologies are increasingly being favored over traditional surgical treatments.
Laparoscopic surgeries, also known as minimally invasive surgeries, are becoming more and more popular among patients due to a number of benefits, including lower surgical risks, less pain and blood loss, a lower risk of infection, and a shorter postoperative recovery period (resulting in shorter hospital stays and lower costs). Cosmetic, cardiovascular, and gynecological surgeries, for example, call for precision and must be completed quickly. The ease and speed with which such surgeries can be carried out are made possible by Electrosurgery tools like generators and active electrodes, which increases demand for market.
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Electrosurgery Market Segmentation:
by Surgery Type
1. General surgery
2. Obstetric/gynecological surgery
3. Urological surgery
4. Orthopedic surgery
5. Cardiovascular surgery
6. Cosmetic surgery
7. Neurosurgery
8. Oncological surgery
by End-user
1. Hospitals
2. Clinics
3. Ambulatory Surgical Centers
4. Others
by Product type
1. Electrosurgical generators
2. Active electrodes
3. dispersive electrodes
4. various accessories
Electrosurgery Market Key Players are:
1. Medtronic PLC (US)
2. Applied Medical Resources Corporation (US)
3. Utah Medical Products, Inc. (US)
4. Kirwan Surgical Products LLC (US)
5. Johnson & Johnson (US)
6. Conmed Corporation (US)
7. Parkell, Inc. (US)
8. DTR Medical Ltd (UK)
9. Fluke Corporation (US)
10. Plasma Surgical Inc (US)
11. Symmetry Surgical Inc (US)
12. Becton, Dickinson and Company (US)
13. Xodus Medical (US)
14. Stryker Corporation (US)
15. Medtronic-Covidien AG (UK)
16. Smith and Nephew (UK)
17. Prima Medical Limited (UK)
18. Welfare Medical Ltd. (UK)
19. Soring GmbH (Germany)
20. B. Braun Melsungen AG (Germany)
21. Erbe Elektromedizin GmbH (Germany)
22. KLS Martin Group (Germany)
23. Bowa-Electronic GmbH & Co. Kg (Germany)
24. Ackermann Instrumente GmbH (Germany)
25. Atmos Medizin Technik GmbH & Co. KG (Germany)
26. Olympus Corporation (Japan)
27. XcelLance Medical Technologies Pvt. Ltd. (India)
28. RF Medical Co. Ltd (South Korea)
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Electrosurgery Market Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
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Key Questions Answered in the Electrosurgery Market Report are:
- Which segment had the largest share in the Electrosurgery market?
- How is the competitive scenario of the Electrosurgery market in 2020?
- Which are the key drivers impacting the Electrosurgery market growth?
- Which region holds the maximum share in the Electrosurgery market?
- What will be the CAGR of the Electrosurgery market during the forecast period (2021-2027)?
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