The Electrosurgical Devices market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.
According to The Insight Partners market research study titled ‘Electrosurgical Devices Market to 2025 – Global Analysis and Forecasts by Product and Application. The global electrosurgical devices market is expected to reach US$ 8,000.9 Mn in 2025 from US$ 4,828.4 Mn in 2017. The market is estimated to grow with a CAGR of 6.8% from 2018-2025. The report highlights the trends prevalent in the global electrosurgical devices market and the factors driving the market along with those that act as deterrents to its growth.
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The report makes inclusion of vital information such as market size, growth rate, and valuation of each segmental, regional and country level market, and growth opportunities in related niche market segments. This information has been incorporated after a thorough study of primary and secondary sources.
List of Companies operating in this report are:
1. Olympus Corporation
3. Ethicon US, LLC
4. Boston Scientific Corporation
5. B. Braun Melsungen AG
6. CONMED Corporation
7. Erbe Elektromedizin GmbH
8. Kirwan Surgical Products, LLC
9. BOVIE MEDICAL
10. Parkell, Inc.
The global drug delivery system market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth.
Global electrosurgical devices market, based on the product was segmented into electrosurgical generators, active electrodes, dispersive electrodes and other products. In 2017, the electrosurgical generators segment held the largest share of the market, by product. However, the active electrodes is expected to grow at the fastest CAGR during the forecast period owing to the limiting amount of time that a high voltage setting is used and can also eliminate concerns about capacitive coupling.
The market for electrosurgical devices is expected to grow as rising demand of minimally invasive surgeries, increase in the number of surgical procedures, and growing geriatric population & associated rise in chronic diseases are expected to fuel the market growth during the forecast period. In addition, the development of argon plasma coagulation (APC) are likely to have a positive impact on the growth of the market in the coming years.
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