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How Global Electrosurgical Devices and Equipment Market Players Should Strategize For 2022-2031

16 Jun, 2022

The global electrosurgical devices and equipment market size is expected to grow from $7.93 billion in 2021 to $8.65 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The global electrosurgical devices market size is expected to grow to $11.54 billion in 2026 at a CAGR of 7.5%.

What is the Global Electrosurgical Devices and Equipment Market?

The electrosurgical devices market consists of sales of electrosurgical devices and related services. Electrosurgical devices include surgical generators and electrosurgical instruments Electrosurgical instruments include monopolar, bipolar and ultrasonic instruments. These devices deliver high-frequency electrical currents and voltages through an active electrode. They are used for cutting, sealing, and coagulating tissue during a variety of open and laparoscopic surgical procedures.

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What drives the Global Electrosurgical Devices and Equipment Market?

The increasing prevalence rate of chronic diseases contributed significantly to the growth of the electrosurgical devices and equipment market. The electrosurgical devices are used in the surgery of many life-threatening diseases such as skin cancer, small basal cell carcinomas, squamous cell carcinoma, wound surgery, skin surgery, non-cancerous moles, dentistry, and others. There has been an increase in the number of skin diseases worldwide. According to a United Nations’ report on world population aging, globally the 60+ aged population is projected to grow by 56% to reach 1.4 billion. The growth of the aging population and rising chronic disease incidence will contribute to increased hospitalization. The increase in the patient pool is expected to rise the demand for electrosurgical devices and equipment.

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Global Electrosurgical Devices and Equipment Market Segments
The global electrosurgical devices and equipment market is segmented:
By Product: Electrosurgery Generators, Electrosurgery Instruments and Accessories, Argon and Smoke Management Systems
By End-User: Hospitals, Specialized Clinics, Ambulatory Surgery Centers
By Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery
By Geography: The regions covered in the electrosurgical devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global electrosurgical devices and equipment market.

Electrosurgical Devices and Equipment Global Market Report 2022provides market size and growth forecasts for the global electrosurgical devices and equipment market, global electrosurgical devices and equipment market share, electrosurgical devices and equipment market segments and geographies, electrosurgical devices and equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The electrosurgical devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Electrosurgical Devices and Equipment Industry Playersinclude Bovie Medical Corporation, Johnson & Johnson Private Limited, B. Braun Melsungen AG, Medtronic PLC, Smith and Nephew, Boston Scientific, Stryker Corporation, ATMOS Inc, Heal Force Bio-Meditech Holdings Limited, and Erbe Elektromedizin GmbH. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.