The purpose of the report is to illustrate the state of the market of Electrosurgical Devices, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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The preference to electrosurgery over conventional surgery is due to factors such as low risk to patient, faster recovery time, minimal chances of infection, and the ease of performing the surgeries. Electrosurgical devices are further segmented into product (electrosurgical generators, electrosurgical instrument and accessories, argon and smoke management system), and applications (cardiovascular surgery, oncology surgery, orthopedic surgery, cosmetic surgery, neurology surgery). The electrosurgical instrument and accessories is leading the product segment due to enhanced safety and ease of use, lesser thermal damage to tissues, better and clean electromyographic signals and its application to perform sensitive surgeries like neurology, ophthalmology and otolaryngology etc. The electrosurgical generators is gaining momentum as it is suitable for both bipolar and monopolar electrodes, supplies current in surgeries performed in liquid state and self-controlled by innovative operating software. Cardiovascular surgery leads the application segment due to rise in cardiovascular complications which propels the need for minimally invasive surgeries, early recovery period and no infection post-surgery. The cosmetic surgery will register the fastest growth in the application segment due to increase in number of surgeries done by obese people, high disposable income, low self-esteem propelling need for facial surgery, breast enlargement surgery etc.
The electrosurgical devices market is technologically driven Covidein Plc. (Medtronics), Bovie Medical Corporation, ATMOS, Inc., Ethicon, Inc., Boston Scientific Corporation etc. are few market leaders in electrosurgical devices market and compete to augment their foothold in the market.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Electrosurgical Devices buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Electrosurgical Devices contains:
Analysis and forecast of Electrosurgical Devices market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Electrosurgical Devices market;
Assessment and forecast of Electrosurgical Devices market development;
Financial and business profiles of the leading companies in the Electrosurgical Devices industry.
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– Up to date working Electrosurgical Devices data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Electrosurgical Devices for the period 2018 to 2026
– Planned Electrosurgical Devices additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Electrosurgical Devices projects by region, key countries, and companies
– Details of major planned Electrosurgical Devices projects in the world up to 2026
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