seobhushan (1)

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Electrosurgical Devices Market is Projected to
grow CAGR 4 by 2027
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Key Insights from Electrosurgical Devices Market

• The electrosurgical devices market size is
  anticipated to exceed owing to the increasing
  number of surgeries being conducted on patients
  worldwide as well as rising demand for minimally
  invasive procedures. With population on a large
  becoming a custom to sedentary lifestyle, the
  prevalence of related diseases is likely to
  intensify among younger adults in the coming
  years. Issues like gynecology-related disorders
  can lead to a surge in the requirement for
  advanced medical devices and solutions in
  healthcare settings.
• Incidents of orthopedic and cardiovascular
  diseases, gynecological and urological disorders
  are often caused due to inactive daily lifestyle.
  Major contributors to such a lifestyle are
  unhealthy diets, increasing levels of stress,
  among others. Inactive lifestyle with no physical
  activity is one of the major reasons causing
  diseases related to heart, diabetes, and in some
  cases premature mortality. With the vast cases of
  cardiovascular diseases, the demand for surgical
  treatment options could increase over time,
  thereby instigating the demand for
  electrosurgical devices.
• Some of the key players functioning in the
  electrosurgical devices market include Boston
  Scientific Corporation, Johnson Johnso

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Continued

• All these major players are constantly focusing
  on taking strategic initiatives to strengthen
  their market position. For instance, in January
  2017, Johnson Johnsons unit, Ethicon
  Endo-Surgery announced acquisition of Megadyne
  Medical Products, after collaborating for four
  years in the electrosurgical devices market.
• In terms of end-user, the ambulatory surgical
  units segment is expected to register a CAGR of
  4.7 until 2027. Ambulatory surgical units (ASUs)
  offer benefits like low costs clinical
  procedures, same day discharge, better recovery
  time and low chances of infection. High footfall
  across ASUs may increase the requirement for
  electrosurgical devices.

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Regional Insights in Electrosurgical Devices
Market

• Japan is one of the largest markets for medical
  as well as electrosurgical devices. According to
  Global Market Insights, the Japan electrosurgical
  devices market accounted for a 42.7 share in the
  Asia Pacific region in 2020. The industry in
  Japan is expected to witness further growth in
  view of rising geriatric population.
• As per the World Bank, over 28 of the Japans
  population is aged 65 or above. This is expected
  to result in several age-related health issues
  occurring among the elderly in the coming years,
  augmenting the demand for surgeries as well as
  electrosurgical devices. Along with this, the
  healthcare expenditure per capita is also
  relatively high in Japan as compared to other
  countries in Asia Pacific region, leading to
  better healthcare infrastructure in place. All
  these factors will contribute to the countrys
  regional market for electrosurgical devices.

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Major Companies in Electrosurgical Devices Market

• B. Braun Melsungen AG
• Stryker Corporation
• Smith Nephew
• Boston Scientific Corporation
• Medtronic Plc
• Erbe Elektromedizin GmbH
• Bovie Medical Corporation
• Johnson Johnson Private Limited
• AngioDynamics, Inc.
• Olympus Corporation
• CONMED Corporation
• Applied Medical Systems
• KLS Martin Group

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Industry Coverage

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