The electrosurgical device market is expected to reach $8

The global electrosurgical device industry was estimated to be worth USD 5.20 billion in 2021 and is expected to reach USD 5.40 billion in 2022. During the forecast period from 2022 to 2032, the market is expected to exhibit a positive growth trajectory, registering a compound annual growth rate (CAGR) of 4% and reach USD 8 billion.

Global demand for electrosurgical devices was estimated at over USD 8 billion in 2020. The market is expected to grow 1.5-fold by 2032, reaching USD 12 billion by the end of the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:

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Regional observations

North America has the largest share of the electrosurgical device market, accounting for about 50% of total revenue. The growing number of government-funded insurance policies that cover various procedures makes electrosurgical devices in high demand in this market.

In addition, well-developed healthcare infrastructure, advanced equipment, skilled practitioners, and government support are driving demand for electrosurgical devices. The increasing number of cardiac surgeries is also contributing to the growing demand for electrosurgical equipment in North America.

Insights by category

Radiofrequency electrosurgery devices are expected to generate more than 40% of the total market revenue. These devices help reduce the morbidity associated with the treatment of tonsillar hyperplasia. Growing concerns about healing time after surgical procedures are driving the demand for radiofrequency devices.

Surgeons increasingly prefer minimal infection after surgery, which is increasing the market for high-end radio equipment. Radiation frequencies during surgery are more frequently used to ensure minimal damage to tissues around the surgical site.

Read more: https://www.factmr.com/report/126/elektrosurgery-devices-market

Competitive environment

The major players in the electrosurgery market are: B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew, Boston Scientific Corporation, Medtronic Plc., Erbe Elektromedizin GmbH, Bovie Medical Corporation, Heal Force Bio-meditech Holdings Limited, Johnson & Johnson Private Limited and AngioDynamics Inc.

Strategic partnerships can significantly increase revenue and market share in electrosurgery. Innovative products and technologies enable manufacturers to penetrate new markets.

In July 2021, Healthmark Industries acquired McGan Technology, LLC. The acquisition is intended to expand global sales of Healthmark’s McGan insulation testing devices, which help prevent electrical shocks caused by imperfect surgical equipment.
On August 6, 2021, Medtronic Plc., a global leader in healthcare technology, acquired Intersect ENT. Medtronic acquired Intersect ENT shares at a publicly traded price of $28.25 per share, representing an enterprise value of approximately $1.1 billion. The acquisition allows Medtronic to expand its portfolio of ENT surgical products

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=126

Key Segments Covered in the Electrosurgical Devices Industry Study

By product type:
Radiofrequency electrosurgery devices
Electrocautery devices
Ultrasound electrosurgery devices
By end user:
Hospitals
Outpatient Surgery Centers
Specialist Clinics
By application:
General surgery
Heart surgery
Gynecological surgery
Ophthalmology
Dermatology
Urology
Other applications
By region :
North America
Latin America
Europe
APEJ
Japan
Middle East and Africa

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