Global Electrosurgery Market Report (2022 to 2027) - Rising Government Funding to Develop Advanced Medical Treatments Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Electrosurgery Market by Product (Instruments (Bipolar, Monopolar), Accessories, Generators, Smoke Evacuation Systems), Surgery (General, Orthopedic, Urologic, Cosmetic, Neurology), End User (Hospitals, Ambulatory Center) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The electrosurgery market is projected to reach USD 8.3 Billion by 2027 from USD 6.2 Billion in 2022 at a CAGR of 6.0% during the forecast period.

The growth in this market is mainly attributed to increasing demand for minimally invasive procedures, innovation and technological advancements in electrosurgical instruments. However stringent regulatory framework and the shortage of surgeons are expected to hinder market growth to a certain extent.

The electrosurgical instruments segment holds the largest share in the electrosurgical market in 2021.

The electrosurgical market is segmented into electrosurgical generators, electrosurgical instruments, electrosurgical accessories, and smoke evacuation systems on the basis of product type. The electrosurgical instruments segment holds the largest share of the electrosurgical market in 2021.

The bipolar electrosurgical instruments segment is expected to grow at the fastest growth rate during 2022-2027.

The electrosurgical instruments market is segmented into bipolar and monopolar based on the electrode used. In 2021, the bipolar electrosurgical instruments segment accounted for the largest share of this market owing to the advantages of bipolar instruments, such as user-friendly interface, easy handling, reduced chances of infection, and faster patient recovery.

Advanced vessel-sealing instruments holds the largest share of the electrosurgery market in 2021.

The electrosurgery market is segmented into advanced vessel-sealing instruments and bipolar forceps based on the type. The advanced vessel-sealing instruments segment accounted for the largest share of 60.9% of the bipolar electrosurgical instruments market in 2021. This can be attributed to the high sales price of advanced vessel-sealing instruments as compared to bipolar forceps.

North America accounted for the largest share of the electrosurgery market in 2021.

The electrosurgery market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa based on the region type. North America holds the largest share of the electrosurgery market in 2021. The large share of this segment can be attributed to the large number of electrosurgery procedures performed in hospitals, the growing adoption of minimally invasive procedures, the growing adoption of technologically advanced surgical equipment, and the increasing number of cosmetic and bariatric surgeries, and the rising prevalence of chronic diseases.

Market Dynamics

Drivers

• Growing Prevalence of Chronic Diseases
• Increasing Demand for Minimally Invasive Surgeries
• Innovation and Technological Advancements in Electrosurgical Instruments
• Increasing Number of Hospitals Coupled with Growing Number of Surgical Procedures
• Shifting Preference Toward Outpatient Surgeries in Developed Regions

Restraints

• Risks Associated with Electrosurgical Procedures
• Stringent Regulatory Framework
• Shortage of Surgeons

Opportunities

• Emerging Markets
• Rising Government Funding to Develop Advanced Medical Treatments
• Expected Increase in Number of Cosmetic and Bariatric Procedures due to Growing Obesity Prevalence

Challenges

• Concerns Regarding Toxic Fumes Produced During Surgical Procedures

Companies Mentioned

• Applied Medical Resources Corporation
• B. Braun Melsungen
• Boston Scientific
• Bowa-Electronic GmbH & Co. Kg
• Conmed Corporation
• Encision, Inc.
• Erbe Elektromedizin GmbH
• I. C. Medical, Inc.
• Johnson & Johnson (Ethicon)
• Kirwan Surgical Products LLC
• Kls Martin
• Medtronic plc
• Meyer-Haake GmbH Medical Innovations
• Olympus Corporation
• Smith & Nephew plc
• Stryker Corporation
• Surgical Holdings
• Symmetry Surgical Inc.
• The Cooper Companies, Inc.
• Utah Medical Products, Inc.
• Zimmer Biomet Holdings, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/vs582z