Global Electrosurgical Instruments Market Forecast
Technological advancements in healthcare, increase in baby boomer population, rise in demand for surgical procedures, substantial expenditure in healthcare by government reforms, and increase in demand for technologically advanced products are the factors that drive the growth market for electrosurgical devices. However, stringent government policies for product approval restrain the global market for electrosurgical devices.
Electrosurgical instruments & accessories is the top potential target market for investment for the key players. The demand for electrosurgical instruments & accessories is expected to increase with rise in adoption of electrosurgical devices in various surgical procedures. In addition, growth in demand for innovative and customized electrosurgical instruments & accessories, which correspond to the needs of surgeons, boosts the growth of this market
North America accounted for the largest share of the global market in 2015. This is attributed to increase in investment in healthcare sector for the advancement of surgical methodologies and surgical products for better quality and accuracy of surgical procedures to improve the patient health.
In addition, rise in healthcare expenditure; prevalence of various chronic diseases such as diabetes, cardiovascular diseases, obesity; and others, and rise in number of surgeries fuel the market growth. For instance, according to the American Society for Metabolic and Bariatric Surgery, the annual number of bariatric surgical procedures performed were nearly doubled from 1,03,000 in 2003 to 2,05,000 procedures in 2007, and up to 13% of the U.S. population are estimated to undergo for bariatric surgery by 2020. Europe accounted for the second largest market share of 30.7% of the global market in 2015.
Surge in rate of chronic disorders, increase in geriatric population, and growth in number of surgical procedures performed drive the growth of this market in Europe. Persistent R&D for technological advancements is anticipated to create new opportunities during the forecast period.
The key players profiled in the report include B. Braun Melsungen AG (Germany), Bovie Medical Corporation (U.S.), Megadyne Medical Products Inc. (U.S.), CONMED Corporation (U.S.), Medtronic plc. (Ireland), Johnson & Johnson (U.S.), ERBE Elektromedizin GmbH (Germany), KLS Martin Group (Germany), Olympus Corporation (Japan), and Utah Medical Products, Inc. (U.S.).
Electrosurgical Devices Market Key Segment
By Product Type
Electrosurgical Instruments & Accessories Electrosurgery Instruments Bipolar Instruments
Advanced Vessel Sealing Instruments
Monopolar Instruments Electrosurgical Pencils
Electrosurgery Accessories Patient Return Electrodes or Dispersive Electrodes
Cords, Cables, and Adapters
Others (Foot Switches, Carts, and Tip Cleaners)
Argon & Smoke Management Systems
North America U.S.
Rest of Europe
Rest of Asia-Pacific
LAMEA Latin America
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