Electrosurgery Trends and Forecast
The future of the global electrosurgery market looks promising with opportunities in the hospital, clinic, & ablation center, ambulatory surgical center, and research academic & laboratory institute markets. The global electrosurgery market is expected to reach an estimated $8.6 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are growing prevalence of long-term illnesses, escalating need for less invasive surgical techniques, and growing number of healthcare facilities.Electrosurgery by Segment
The study includes a forecast for the global electrosurgery by product type, surgery type, end use, and region.Electrosurgery Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Electrosurgical Instruments
- Electrosurgical Generators
- Electrosurgical Accessories
- Smoke Evacuation Systems
Electrosurgery Market by Surgery Type [Shipment Analysis by Value from 2018 to 2030]:
- General Surgery
- Orthopedic Surgery
- Obstetric Surgery
- Oncological Surgery
- Neurosurgery
- Cardiovascular Surgery
- Urological Surgery
- Cosmetic Surgery
- Others
Electrosurgery Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Hospitals, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Academic & Laboratories Institutes
- Others
Electrosurgery Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Electrosurgery Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electrosurgery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electrosurgery companies profiled in this report include:- Medtronic
- Boston Scientific
- Ethicon
- Kirwan Surgical Products
- Olympus
- Utah Medical Products
- Erbe Elektromedizin
- The Cooper
- BOWA-electronic
- Zimmer Biomet Holdings
Electrosurgery Market Insights
The publisher forecasts that electrosurgical instrument will remain the largest segment over the forecast period due to its widespread usage in various surgical fields, such as ENT, urology, gynecology, and orthopedic treatments.Within this market, hospital, clinic, & ablation center will remain the largest segment due to substantial number of electrosurgery procedures carried out in healthcare settings, such as hospitals and clinics.
North America will remain the largest region over the forecast period due to robust healthcare system, increase in the prevalence of chronic illnesses among population, and presence of key players in the region.
Features of the Global Electrosurgery Market
- Market Size Estimates: Electrosurgery market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Electrosurgery market size by product type, surgery type, end use, and region in terms of value ($B).
- Regional Analysis: Electrosurgery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product types, surgery types, end uses, and regions for the electrosurgery market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electrosurgery market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electrosurgery market size?Answer: The global electrosurgery market is expected to reach an estimated $8.6 billion by 2030.
Q2. What is the growth forecast for electrosurgery market?
Answer: The global electrosurgery market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electrosurgery market?
Answer: The major drivers for this market are growing prevalence of long-term illnesses, escalating need for less invasive surgical techniques, and growing number of healthcare facilities.
Q4. What are the major segments for electrosurgery market?
Answer: The future of the electrosurgery market looks promising with opportunities in the hospital, clinic, & ablation center, ambulatory surgical center, and research academic & laboratory institute markets.
Q5. Who are the key electrosurgery market companies?
Answer: Some of the key electrosurgery companies are as follows:
- Medtronic
- Boston Scientific
- Ethicon
- Kirwan Surgical Products
- Olympus
- Utah Medical Products
- Erbe Elektromedizin
- The Cooper
- BOWA-electronic
- Zimmer Biomet Holdings
Answer: The publisher forecasts that electrosurgical instrument will remain the largest segment over the forecast period due to its widespread usage in various surgical fields, such as ENT, urology, gynecology, and orthopedic treatments.
Q7. In electrosurgery market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to robust healthcare system, increase in the prevalence of chronic illnesses among population, and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electrosurgery market by product type (electrosurgical instruments, electrosurgical generators, electrosurgical accessories, and smoke evacuation systems), surgery type (general surgery, orthopedic surgery, obstetric surgery, oncological surgery, neurosurgery, cardiovascular surgery, urological surgery, cosmetic surgery, and others), end use (hospitals, clinics, & ablation centers, ambulatory surgical centers, research academic & laboratories institutes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Electrosurgery Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Medtronic
- Boston Scientific
- Ethicon
- Kirwan Surgical Products
- Olympus
- Utah Medical Products
- Erbe Elektromedizin
- The Cooper
- BOWA-electronic
- Zimmer Biomet Holdings
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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