Electrosurgical Devices Market By Product (Electrosurgical Generators, Electrosurgical Instrument And Accessories, Argon And Smoke Management System), By Application (Cardiovascular Surgery, Oncology Surgery, Orthopedic Surgery, Cosmetic Surgery, Neurology Surgery) - Growth, Future Prospects And Competitive Analysis 2017 - 2025

This report on global electrosurgical devices market studies various products and applications. The main need arises as it is technological advanced than the conventional surgical methods. Chronic disease are on a rise worldwide and so increasing the need for minimally invasive surgeries to be performed within short duration. Electrosurgical devices renders safe and cost effective surgeries, with early recovery period and less chances of infection after the surgery.

For the purpose of this study, the various product types studied include (electrosurgical generators, electrosurgical instrument and accessories, argon and smoke management system). Applications studied (cardiovascular surgery, oncology surgery, cosmetic surgery, orthopedic surgery, neurology surgery); Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective CAGRs for the period 2017 to 2025, considering 2016 as the base year.

The geographic segmentation of the global electrosurgical devices market is performed for the regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa markets. The regions are also further sub-segmented on the basis of major countries. Market size estimates and forecast for these segments for the period 2015 to 2025 are provided in terms of US$ Mn along with the respective CAGRs for the period 2017 to 2025, considering 2016 as the base year.

Based on Application, the global electrosurgical devices market is categorized into

• Cardiovascular surgery
• Oncology surgery
• Orthopedic surgery
• Cosmetic surgery
• Neurology surgery

According to American Heart Association approximately 17.3 million people died due to cardiovascular disease and this number is expected to reach 23.6 million by 2030. Cardiovascular surgery dominated the application segment due to rise in cardiovascular complications, in spite of optimal pharmacological and interventional therapies still there is need for angioplasty, rising public awareness and early disease related diagnosis, stressful lifestyle etc. Cosmetic surgery will be the fastest growing market due to rise in public awareness regarding skin complications, high disposable income which propels the need for social wellbeing and demand for attractive personality.

For the purpose of this study, the global electrosurgical devices market is categorized into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

North America was observed as the largest market for electrosurgical devices in the base year 2016. According to American Association of Retried Person (AARP) more than 70 million of Americans aged 50 and older suffer from at least one chronic disease which requires surgery.   The growth is attributed mainly due to high public awareness and early disease diagnosis, evolved reimbursement scenario and technological advancement in production process of the electrosurgical devices and software. According to the European Society of Intensive Care Medicine, 4 out of 100 people undergo surgical procedures every year. Europe is expected to be the second largest market due to increasing number of surgeries, high awareness related to early diagnosis, and government & non-government organizations initiatives to strengthen healthcare infrastructure, and supportive reimbursement policies. Growth of Asia Pacific for electrosurgical market is attributed by factors such as rising prevalence of chronic disease that require surgical treatment, flourishing medical tourism and higher disposable income is assisting the growth in healthcare expenditure in these regions. However, factors such as developing health infrastructure, increasing awareness and demand for minimally invasive surgeries are going to fuel the rapid growth of electrosurgical devices market in Latin America and Middle East and Africa region in the near future.