Electrosurgical Devices Market Research -Industry Analysis, Size(value, volume), Share, Growth, Trends, Forecast 2016 - 2024
Global
Electrosurgical Devices Market - Overview
The
electrosurgical devices market is driven by growing number of minimal
invasive surgeries globally. With the changing face of medical field
since the last decade, a larger number of surgical procedures are
moving out of the traditional ways and they are replaced by minimally
invasive techniques which is driving market of electrosurgical
devices globally. Furthermore the rising coverage of healthcare and
continuous increase in the geriatric population is expected to be the
most vital reason for expansion of the electrosurgical devices market
growth. According to WHO estimates, the global geriatric population
is likely to reach around 2 billion (22% of global population) by
2050, which was around 524 million in 2010. Geriatric population is
prone to several disease such as cancer, cardiac arrest,
gastrointestinal diseases etc., due to weak immunity. So, there is a
huge need for minimally-invasive surgeries for the treatment of such
patients so as to avoid healing time and hospital stay. This factor
will increase the use of electrosurgical devices further.
Increasing
focus on efficient health care systems in various developed countries
is expected to fuel growth of electrosurgical devices and procedures.
Rising government funding for research to develop advanced medical
treatment and target-specific surgical devices is expected to drive
the global electrosurgical devices market. Key players in the
electrosurgical devices market are focusing more on development of
innovative electrosurgical devices and accessories. Leading market
players are focusing on new products and accessories with improved
coagulation and cutting properties, multimodality application, and
tissue vaporization applications to capitalize the growth
opportunities in the market.
Global
Electrosurgical Devices Market - Scope of the Report
The
report is a combination of primary and secondary research. Primary
research formed the bulk of our research efforts, with information
collected from telephonic interviews and interactions via e-mail.
Secondary research involved study of company websites, annual
reports, press releases, stock analysis presentations, and various
national and international databases. The report provides market size
in terms of US$ Mn for each segment for the period from 2016 to 2024,
considering the macro and micro-environmental factors. Growth rates
for each segment within the electrosurgical devices market have been
determined after a thorough analysis of past trends, demographics,
future trends, technological developments, vaccination expenditure,
and regulatory requirements.
The
market overview section of the report includes qualitative analysis
of the overall electrosurgical devices market including the
determining factors and market dynamics such as drivers, restraints,
market trends and opportunities, along with white space analysis. In
addition, market attractiveness analysis by country, isotopic
application and end-user along with competitive landscape by key
players have been provided which explain the intensity of competition
in the market considering different geographical locations. The
competitive scenario between market players has been evaluated
through market share analysis. These factors would help the market
players take strategic decisions in order to strengthen their
positions and increase their shares in the global market. Pricing and
cost teardown analysis holds a crucial part of the report, which
further describes the cost to end-user and cost to patient.
The
global electrosurgical devices market is driven by rapid
technological advancements and improved quality of patient’s life.
The market is projected to grow due to increasing investment in
healthcare sector. In terms of end user segment ambulatory surgery
center is projected to expand at a high CAGR on the backdrop of
growing investment healthcare sector.
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Global
Electrosurgical Devices Market - Geographical and Competitive
Dynamics
Geographically,
the global electrosurgical devices market has been segmented into
five regions with North America leading the market in 2015 followed
by Europe and Asia Pacific. Asia Pacific has the highest growth rate
and is expected to overtake Europe in the future. The requirement for
electrosurgical devices are rapidly growing in Asia Pacific due to
increasing direct and indirect investments by the Government and
other private companies. Increasing investments and penetration by
key market players globally are expected to drive the electrosurgical
devices market during the forecast period.
Key
players in this market are as follows Bovie Medical Corporation,
Medtronic, B. Braun Melsungen AG, Erbe Elektromedizin GmbH, Boston
Scientific Corporation, Olympus, Johnson & Johnson, Symmetry
Surgical Inc., CONMED, KLS Martin and BOWA-electronic GmbH & Co.
KG.
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The
electrosurgical devices market has been segmented as follows:
Global
Electrosurgical Devices Market, by Product
Radiofrequency Electrosurgery
Devices
Monopolar Devices
Bipolar Devices
Electrocautery Devices
Monopolar Devices
Bipolar Devices
Electrosurgical Accessories
Global
Electrosurgical Devices Market, by Application
General Surgery
Gynecology
Cardiology
Urology,
Dermatology & Cosmetology
Others (Orthopedics, Neurology,
Oncology, Dentistry And Gastrointestinal Surgery)
Global
Electrosurgical Devices Market, by End User
Hospitals
Ambulatory Surgical Centers
Specialized Clinics
Global
Electrosurgical Devices Market, by Geography
North America
Europe
Asia Pacific
Latin America
MEA (Middle East & Africa)
Table
of Content
1.
Preface
1.1.
Market Definition and Scope
1.2.
Market Segmentation
1.3.
Key Research Objectives
1.4.
Research Highlights
2.
Assumptions and Research Methodology
3.
Executive Summary : Global Electrosurgical Device Market
4.
Market Overview
4.1.
Introduction
4.1.1.
Product Definition
4.1.2.
Industry Evolution / Developments
4.2.Overview
4.3.
Key Market Indicators
4.3.1.
Region/Country Specific
4.3.2.
Product/Application/Application Specific
4.3.3.
Target Market Specific – Global Scenario
4.4.
Market Dynamics
4.4.1.
Drivers
4.4.2.
Restraints
4.4.3.
Opportunity
4.5.
Global Electrosurgical Device Market Analysis and Forecasts,
2014–2024
4.5.1.
Market Volume Projections, 2014–2024
4.5.2.
Pricing- Actuals and Projections, 2014–2024
4.5.3.
Market Revenue Projections (US$ Mn)
4.6.
Electrosurgical Device Market - Global Supply Demand Scenario
4.7.
Porter’s Five Force Analysis
4.8.
Market Outlook
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