Geographically, electrosurgery market segmented into North America, Europe, Asia-Pacific, & Rest of the World (RoW). North America estimated to command largest share of electrosurgery market in 2016, followed by Europe and Asia-Pacific. Emerging markets, like China, India, and Brazil are expected to offer significant growth opportunities owing to rising trend of medical tourism in these counties.
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The electrosurgery market is expected to reach USD 5.17 Billion by 2021 from USD 4.27 Billion in 2016, at a CAGR of 3.9% between 2016 and 2021. Factors such as technological advancements in electrosurgery devices, growing number of medical, aesthetic and plastic surgeries, rising demand for minimally invasive surgeries, and growing number of ambulatory surgery centers are driving the growth of this market.
Complete Report on Electrosurgery Market spread across 165 Pages, Profiling 11 Companies and Supported with 100 Tables and 33 Figures is now available at www.rnrmarketresearch.com/electros…arket-report.html .
The global electrosurgery market is estimated to grow at a CAGR of 3.9% from 2016 to 2021 to reach USD 5.17 billion by 2021.
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- Electrosurgical Instruments Manufacturing Companies
- Electrosurgical Instruments Accessories Manufacturing Companies
- Medical Device Suppliers and Distributors
- Hospitals and Clinics
- Research Laboratories and Academic Institutes
- Venture Capitalists and Other Government Funding Organizations
- Research and Consulting Firms
On other hand, healthcare reforms in U.S., frequent product recalls, & risks associated with electrosurgical procedures are some of key factors limiting growth of global electrosurgery market. Increasing price pressure on manufacturers & suppliers and stiff competition among market players are some key challenges faced by market players.
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North America expected to account for largest share of global electrosurgery market in 2016, followed by Europe & Asia-Pacific. Asia-Pacific market expected to register highest CAGR during forecast period.
Rising demand for cosmetic and plastic surgery, increasing government efforts to raise standard of healthcare, & presence of a huge population base are key factors driving growth of electrosurgery market in Asia-Pacific countries.
Company Profiles (Introduction, Products & Services, Strategy, & Analyst Insights, Developments)
1 Medtronic PLC
2 Olympus Corporation
3 Conmed Corporation
4 B. Braun Melsungen AG
5 Johnson & Johnson
6 Bovie Medical Corporation
7 Erbe Elektromedizin GmbH
8 Applied Medical Resources Corporation
9 Megadyne Medical Products, Inc.
10 Bowa-Electronic GmbH & Co. Kg
Growth in aging population and increasing incidence/prevalence of bone diseases such as osteoporosis, osteogenesis imperfecta, and osteonecrosis are major factors driving growth of electrosurgical devices market for orthopedic surgeries. Increasing competition in mature markets will intensify the focus on emerging markets.
Connect for More Details for More Information “Electrosurgery Market by Product (Generators, Instruments-Bipolar (Vessel Sealing, Forceps) & Monopolar (Pencils, Electrodes), Accessories, Argon & Smoke Management Systems), Type of Surgery (Orthopedic, Cosmetic, Gynecology) - Global Forecast to 2021” report @ www.rnrmarketresearch.com/contacts…ount?rname=171082 .
The orthopedic surgeries and cosmetic surgeries segment is estimated to grow at the highest CAGR during the forecast period. The growth in the aging population and increasing incidence/prevalence of bone diseases such as osteoporosis, osteogenesis imperfecta, and osteonecrosis are the major factors driving the growth of the electrosurgical devices market for orthopedic surgeries.
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