Report : Electrosurgical Devices Market Report by Trends, Drivers, and Challenges - 2025
According to a new 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 market is expected to grow due to growing geriatric population & associated rise in chronic diseases, however, the risk factors associated with electrosurgical devices is hindering the market.
In the recent years various new methods have evolved in the electrosurgical devices market. Numerous methods are becoming popular to be used for the surgical procedures. The argon plasma coagulation (APC) is an advanced form of electrosurgery developed to be used in the treatment tumors of the lung and esophagus. It is also a non-invasive method for helping to improve the symptoms of cancer, such as excessive bleeding and airway obstruction. Few of the tumors are too large that cannot be treated appropriately with radiation or surgery. In these cases, APC is used to de-bulk a tumor, which eventually makes it easier to treat. APC is also used in conjunction with other forms of surgery for the coagulation (clot) of the blood near treated areas.
Global electrosurgical devices market, based on application was segmented into general surgery, gynecology, urology, gastroenterology, arthroscopy and others. In 2017, general surgery segment held the largest share of the market, by application. Moreover, the general surgery segment is expected to grow at the fastest rate during the coming years owing to the increasing number of surgeries performed in the various countries.
The major players operating in the electrosurgical devices market include Olympus Corporation, Medtronic, Ethicon US, LLC. Boston Scientific Corporation, B. Braun Melsungen AG, CONMED Corporation, Erbe Elektromedizin GmbH, Kirwan Surgical Products, LLC, BOVIE MEDICAL, and Parkell, Inc. For instance, in October 2015, Olympus Corporation launched the DualKnife J single-use electrosurgical knife in Japan. The knife is designed to be used in therapeutic endoscopy for removal of early stage tumors in the stomach, esophagus, colon, and other parts of the gastrointestinal tract. The developments performed by the companies are helping the market to grow in the coming years.
The report segments the global electrosurgical devices market as follows:
Global Electrosurgical Devices Market – By Product
Global Electrosurgical Devices Market – By Application
Global Electrosurgical Devices Market – By Geography
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