The Electrosurgical Generators market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 3535 million by 2027.
Electrosurgical Generator is the application of a high-frequency electric current to biological tissue as a means to cut, coagulate, desiccate, or fulgurate tissue. Its benefits include the ability to make precise cuts with limited blood loss. Electrosurgical devices are frequently used during surgical operations helping to prevent blood loss in hospital operating rooms or in outpatient procedures. 'Electrosurgery' refers to a group of procedures that use electricity to thermally degrade a tissue by producing dehydration, vaporization, or coagulation. A generator, as well as a handpiece with one or more electrodes, make up an electrosurgical unit. The generator may generate a wide range of electrical waveforms, each with its own tissue effect. It is today one of the most important pieces of equipment in the majority of operating rooms, and surgeons rate it as the most useful instrument. The practice of employing heat as a kind of therapy and treatment option to halt bleeding, known as thermal cautery, has been used for centuries, in which tissues were burned by thermal heat, such as steam or hot metal, in order to reduce bleeding or destroy damaged tissue.
The rising demand for minimally invasive procedures will have a significant impact on market growth. The industry's expansion will be aided by a large pool of geriatric people and an increase in the prevalence of chronic illnesses. Due to a growing fixation with physical appearance, rising awareness of cosmetic operations that serve to reduce the ageing impact will drive the adoption rate of electrosurgery, consequently increasing market revenue prospects in the coming years.
Electrosurgical Generators Market is segmented based on the type, applications, companies and regions.
By Type, Electrosurgical Generators Market has been segmented into
By Application, Electrosurgical Generators Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Electrosurgical Generators Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America dominated the electrosurgical generators market, owing to its world-class healthcare infrastructure and technologically advanced practises, as well as higher healthcare spending by its citizens, favorable government policies, a higher number of operations in the region, and the presence of key industry players. Europe and Asia-Pacific were the second and third largest markets for electrosurgical generators, respectively. Due to rapidly improving medical infrastructure, rising healthcare spending, and growing medical tourism in developing nations such as China and India, Asia Pacific is expected to have the highest development.
Electrosurgical Generators Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Electrosurgical Generators Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.7% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Medtronic, DePuy, Aesculap, Olympus, Cooper Surgical, Karl Storz, Union Medical, ERBE, ACOMA, LED SPA, Soering, Wallach, AtriCure, Eschmann, Ethicon, Utah Medical, Ellman, KLS Martin, Lamidey, Bovie, Meyer-Haake, IBBAB, ConMed, Beijing Beilin, Shanghai Hu |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 136 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Electrosurgical Generators Market?
The Electrosurgical Generators Market is growing at a CAGR of 3.7% over the next 5 years.
Who are the key players in Electrosurgical Generators Market?
Medtronic, DePuy, Aesculap, Olympus, Cooper Surgical, Karl Storz, Union Medical, ERBE, ACOMA, LED SPA, Soering, Wallach, AtriCure, Eschmann, Ethicon, Utah Medical, Ellman, KLS Martin, Lamidey, Bovie, Meyer-Haake, IBBAB, ConMed, Beijing Beilin, Shanghai Hu
What are the significant types of Electrosurgical Generators Market?
Monopole, Bipolar
What are the major end-use applications of Electrosurgical Generators Market?
Hospital, Ambulatory Surgery Center, Others
On the basis of application, Which segment is likely to hold the major share in the Electrosurgical Generators Market?
Hospital segment to hold the largest share in Electrosurgical Generators market
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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