January 13, 2020
According to the research report titled ‘Electrosurgical Generators Market Size By Type (Bipolar, Monopolar), By Application (Optical, Gynaecology, Dermatology, Cardiac, Dental, ENT, Maxillofacial, Orthopaedic, Urology, Neurology), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global electrosurgical generators market is expected to cross USD 2.5 billion by the year 2025.
According to the report, increasing number of surgeries and surging need for minimal invasive procedures are driving the electrosurgical generators market growth. Advancements in technology associated with electrosurgical generators has enabled automatic adjustment of power output and reduce the use of conventional cutting tools. Rising awareness pertaining to aesthetic surgeries and rising elderly population are aiding the expansion of the market.
High occurrence rate of orthopedic injuries and road accidents has increased the number of surgeries. This factor in tandem with rising adoption of cosmetic surgeries coupled with rising per capita income are stimulating the industry outlook.
As per product type, the report cites that bipolar electrosurgical generators market segment held 60% share in the year 2018 and is expected to register continuous growth during the estimated timeframe. The growth is attributed to rising utilization of bipolar electrosurgical generators owing to technological advancements.
Based on application spectrum, the optical application segment of electrosurgical generators market is expected to be worth USD 462.5 million by the year 2025. Growing occurrences of eye-related disorders coupled with rising adoption of electrosurgery for performing ophthalmic surgeries are fueling the growth of the segment.
In terms of end use, the report states that ambulatory surgical centers segment are anticipated to grow by 10% during the forecast period. Shifting preferences towards ambulatory surgical centers due to availability of high-quality treatments at low costs are facilitating the business scenario.
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As per the regional analysis, India electrosurgical generators industry is projected to amass a valuation of USD 119.7 million by the year 2025. Rising prevalence of chronic diseases among elderly population in tandem with spike in the number of cosmetic surgeries are contributing towards the popularity of the product across the country. Additionally, improving healthcare infrastructure and rising adoption of electrosurgery are driving the India electrosurgical generators market growth.
The prominent companies operating in electrosurgical generators market are Utah Medical Products Inc., Elliquence, Olympus Corp., Smith & Nephew, Johnson & Johnson (Ethicon), Erbe Elektromedizin GmbH, CooperSurgical Inc., CONMED Corp., Symmetry Surgical Inc. (Bovie), and Medtronic.
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