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 Scope and Research Methodology
This Electrosurgery Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry’s growth.
The top-down and bottom-up approaches are used to validate and estimate market size by segment. Electrosurgery Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.
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 Analysis:
Based on Formulation, the Tablets Supplements segment held the largest market share of the Market in 2023. According to the MMR analysis, It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.
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
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Key players include Electrosurgery Industry :
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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Key Questions Answered in the Electrosurgery Market Report are:
- Which segment asserted the greatest market share in 2024 for Electrosurgery ?
• How does the competitive landscape unfold within the Electrosurgery market?
• What pivotal factors steer the growth trajectory of the Electrosurgery market?
• In the realm of the Electrosurgery market, which region commands the most significant market share?
• What is the anticipated Compound Annual Growth Rate (CAGR) for the Electrosurgery market during the forecast period (2024-2030)?
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