Electrosurgical Generators Market 2020 by industry trends, statistics, key companies growth and regional forecast
Category: #business  By Ronak Bora  Date: 2021-03-23
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Electrosurgical Generators Market 2020 by industry trends, statistics, key companies growth and regional forecast

Electrosurgical Generators Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Increasing geriatric population that is vulnerable to chronic conditions and rise in number of surgeries will boost electrosurgical generators market over the forecast time period. The rising disposable income along with increasing healthcare expenditure will further fuel the market growth. In addition, rising demand for minimally invasive procedures and increasing adoption for cosmetic surgeries to look pleasant and young, owing to the procedures’ age-reduction capabilities, has raised the demand for these generators substantially in recent years.

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Additionally, key industry players are increasingly focusing on consolidating their position in the market through several tried-and-tested methods such as new product launches, partnerships, mergers, and acquisitions among others. Citing an instance, on December 2019, Lumeon announced a new strategic partnership with Medtronic, a renowned leader in medical technology, services, and solutions. The partnership will combine Care Pathway management of Lumeon with Integrated healthcare solutions of Medtronic to help the transition of healthcare provider in Europe to value-based care models. The collaboration would also help operationalize the care pathways for chronic disease management and surgery optimization, creating better opportunities for electrosurgical generators.

A report by GMI, estimates that the electrosurgical generators market is expected to surpass a valuation of $2.5 billion by 2025.

The bipolar segment accounted for nearly 60% revenue share in the year 2018 and is projected to grow substantially over the upcoming years. It is noted that technological advancements have further augmented the adoption rate of bipolar electrosurgical generators.

In fact, newly developed, more advanced bipolar generators deliver detailed output while ensuring minimal harm to the living tissues, which will in turn drive the segmental growth.

The ambulatory surgical centers are projected to grow by 10% over the forthcoming timeframe. The growth is ascribed to rising preference of patients to opt for ambulatory surgical centers to get any of their surgical procedures done.

This is because these centers offer top quality treatment at very low prices in comparison to other healthcare settings. Additionally, they also do not require the patient to stay admitted as a part of the expensive post-surgery stay, which further brings in more customer attention to the segment, boosting revenue growth.

Rising geriatric population base suffering from numerous chronic ailments combined with growing adoption of cosmetic procedures will boost the India electrosurgical generators market development over the forecast timeframe.

The market is likely to reach a valuation of approximately $119.7 million by the end of the analysis period. Rising application of electrosurgery and developing healthcare infrastructure will further drive the market growth in the country.

According to annual global surveys conducted by ISAPS (International Society of Aesthetic Plastic Surgery), India has frequently been ranked amongst some of the world’s top countries where cosmetic surgeries are carried out. Additionally, the country is also renowned for its robust medical tourism sector, wherein people across the globe specifically travel to the country to undergo surgical procedures. Patients make this journey due to the significantly low cost of the procedures and the presence of an extremely rich talent pool of medical professionals in the country.

Olympus, Symmetry Surgical, Inc. (Bovie), Erbe Elektromedizin GmbH, Medtronic, CONMED Corporation, and Ethicon (J&J) among others are some of the key players operating in electrosurgical generators market. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/electrosurgical-generators-market 

Partial Chapter of the Table of Content 

Chapter 4. Electrosurgical Generators Market, By Type

4.1. Key segment trends

4.2. Bipolar

4.2.1. Market size, 2014 – 2025 (USD Million)

4.3. Monopolar

4.3.1. Market size, 2014 – 2025 (USD Million)

Chapter 5. Electrosurgical Generators Market, By Application

5.1. Key segment trends

5.2. Optical

5.2.1. Market size, 2014 – 2025 (USD Million)

5.3. Gynaecology

5.3.1. Market size, 2014 – 2025 (USD Million)

5.4. Dermatology

5.4.1. Market size, 2014 – 2025 (USD Million)

5.5. Cardiac

5.5.1. Market size, 2014 – 2025 (USD Million)

5.6. Dental

5.6.1. Market size, 2014 – 2025 (USD Million)

5.7. ENT

5.7.1. Market size, 2014 – 2025 (USD Million)

5.8. Maxillofacial

5.8.1. 5.8.1 Market size, 2014 – 2025 (USD Million)

5.9. Orthopaedic

5.9.1. Market size, 2014 – 2025 (USD Million)

5.10. Urology

5.10.1. Market size, 2014 – 2025 (USD Million)

5.11. Neurology

5.11.1. Market size, 2014 – 2025 (USD Million)

5.12. Others

5.12.1. Market size, 2014 – 2025 (USD Million)

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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