DUBLIN--(BUSINESS WIRE)--The "Global Electrosurgical Devices Market: Focus on Product, Applications, Market Share Analysis, 18 Countries Analysis and Competitive Landscape - Analysis and Forecast (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The global medical devices market was valued at approximately $371 billion in 2015 and is anticipated to reach $617 billion by 2025.
The economic impact on surgical care is anticipated to reach $420 billion by 2030, with approximately 33 million people facing catastrophic health expenditure due to costs of surgeries.
The rise in the global geriatric population is also bolstering the increasing level of industry demand and aiding the rise of the global healthcare expenditure. Furthermore, the recent roll out of significant regulatory changes for cost containment has remarkably increased the pressure on the healthcare industry. The companies are extremely pressurized to take necessary initiatives to reduce the costs and make healthcare solutions accessible to wide range of population.
The medical devices industry has been witnessing an annual growth rate of approximately 4.5%, since 2011. Additionally, the medical device manufacturers are facing increasing demand for higher productivity and cost reduction. Further, rising demand for minimally invasive surgeries are significantly impacting the electrosurgical devices market. Therefore, to sustain in the highly competitive market, electrosurgical devices is gradually becoming an indispensable solution for medical device industries.
The emergence of electrosurgical devices has facilitated surgical efficiency of several minimally invasive surgeries with precise tissue cut, limited blood loss, and reduced postoperative recovery time. The advent of the advanced energy based medical devices and technologies has improved the diagnosis and treatment, as well as enabled the healthcare companies to meet the regulatory compliance, and to manage their profit margins as well. The electrosurgical devices usually involve generators, monopolar and bipolar devices, electrosurgical accessories, and surgical smoke evacuation systems which improve the efficiency of minimally invasive surgery process as compared to the traditional surgeries.
Key Topics Covered:
Executive Summary
1 Market Overview
2 Market Dynamics
3 Competitive Landscape
4 Global Electrosurgical Devices Market, by Product
5 Global Electrosurgical Devices Market, by Applications
6 Global Electrosurgical Devices Market, by Region
7 Company Profiles
- Applied Medical Resources Corporation
- B. Braun Melsungen AG
- BOVIE MEDICAL CORPORATION
- BOWA - electronic GmbH & Co. KG
- Boston Scientific Corporation
- CONMED Corporation
- ERBE Elektromedizin GmbH
- Johnson & Johnson Corporation
- Judd Medical Ltd.
- KLS MARTIN (KLS) GROUP
- Kirwan Surgical Products, LLC.
- Maxerendoscopy
- Medtronic Plc
- Olympus Corporation
- Plasma Surgical
- SYMMETRY SURGICAL, Inc.
- Smith&Nephew plc
- Stryker Corporation
- Utah Medical Products, Inc.
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