Electrosurgery Market - Emerging Tech Advancements to Boost the Global Revenue

Posted July 15, 2022 by vmack2187

Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Overview of This Study:

The study involved four major activities in estimating the current market size for the electrosurgery market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Major Growth Driving Factors:

The growth in this market is driven by technological advancements in electrosurgical instruments; the increasing demand for minimally invasive surgeries; the growing number of medical, cosmetic, and age-related surgeries performed; and the rising number of ambulatory surgery centers. However, risks associated with electrosurgical procedures are expected to restrain the growth of the market.

Projected Revenue Surge:

The global electrosurgery market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%.

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the electrosurgery market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# The key players in the industry and markets have been identified through extensive secondary research.
# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation:

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the electrosurgery market.

Research Methodologies Followed for This Study:

Primary Research:

The electrosurgery market comprises several stakeholders, such as manufacturers of electrosurgery devices, instruments and accessories, suppliers, hospital surgical & ablation centers, and ambulatory centers. The demand side of this market is characterized by the global rise in minimally invasive surgeries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Secondary Research:

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B, Bloomberg Businessweek, and Factiva) were referred to in order to identify and collect information for this study.

Key Questions Addressed by the Report:

# What are the growth opportunities related to the adoption of electrosurgery devices and instruments across major regions in the future?
# Emerging countries have immense opportunities for the growth and adoption of electrosurgery devices and instruments. Will this scenario continue in the next five years?
# Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
# What are the new trends and advancements in the electrosurgery market?
# What are the different trends and dynamics that will shape the future of the global market?

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Geographical Growth Dynamics:

The Asia Pacific region is expected to grow at the fastest rate during the forecast period.

The electrosurgery market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is one of the major revenue-generating regions in the market. This market is expected to show high growth in the coming years, mainly due to the increasing patient population, growing demand for minimally invasive surgeries, improvements in healthcare systems, and growing research activities.

Key Market Players

In 2018, the electrosurgery market was dominated by Medtronic (Ireland), Ethicon, Inc. (US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Applied Medical Resources Corporation (US), CONMED Corporation (US), Apyx Medical Corporation (US), Boston Scientific (US), Smith & Nephew plc (UK), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), BOWA-electronic GmbH & Co KG (Germany), CooperSurgical, Inc. (US), Kirwan Surgical Products LLC (US), Zimmer Biomet Holdings, Inc. (US), Utah Medical Products, Inc. (US), Encision Inc. (US), Meyer-Haake GmbH (Germany), Surgical Holdings (UK), I. C. Medical, Inc (US), ATMOS Inc. (US), Parkell, Inc. (US), Bissinger Medizintechnik GmbH (Germany), CIMPAX (Denmark), and KENTAMED Ltd. (Bulgaria).

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags electrosurgery , electrosurgery market
Last Updated July 15, 2022