Electrosurgical Devices Market Size | Highest Growth Rate of 6.8% CAGR will generate USD 8,000.9 million by 2025

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Market Study Report has added a new report on Electrosurgical Devices market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Electrosurgical Devices market in tandem with its competitive terrain.

The global electrosurgical devices market is expected to reach US$ 8,000.9 Mn in 2025 from US$ 4,828.4 Mn in 2017. The electrosurgical devices market is estimated to grow with a CAGR of 6.8% from 2018-2025.

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Some of the major primary and secondary sources included in the report for the electrosurgical devices market are Canadian Centre for Occupational Health and Safety (CCOHS), National Cancer Institute, European Society of the Musculoskeletal Radiology, National Health Service, Center for Devices and Radiological Health, Food and Drug Administration, Public Health England, and Health Protection Agency among others.

Common risks associated with the procedure are, tearing and bleeding of the gastrointestinal tract. In rare cases, the patient may suffer from allergy caused due to exposure from dyes used in the procedure. However, the chances of developing infection has been a matter of concern during recent years. In the recent years various new methods have evolved in the electrosurgical devices market. Numerous methods are becoming popular to be used for the surgical procedures. The argon plasma coagulation (APC) is an advanced form of electrosurgery developed to be used in the treatment tumors of the lung and esophagus. It is also a non-invasive method for helping to improve the symptoms of cancer, such as excessive bleeding and airway obstruction.

Global electrosurgical devices market, based on the product was segmented into electrosurgical generators, active electrodes, dispersive electrodes and other products. In 2017, the electrosurgical generators segment held the largest share of the market, by product. However, the active electrodes is expected to grow at the fastest CAGR during the forecast period owing to the limiting amount of time that a high voltage setting is used and can also eliminate concerns about capacitive coupling.

Global electrosurgical devices market, based on application was segmented into general surgery, gynecology, urology, gastroenterology, arthroscopy and others. In 2017, general surgery segment held the largest share of the market, by application. Moreover, the general surgery segment is expected to grow at the fastest rate during the coming years owing to the increasing number of surgeries performed in the various countries.

The rise of the surgical procedures have also increased the use of electrosurgical equipment to perform the surgery. Factors such as rising work pressure, stress, improper eating habits, heredity, and exposure to chemicals among others, causes chronic diseases. As per the European Cardiovascular Disease Statics in 2015, near about 85 million people in Europe and 49 million in EU were suffering with cardiovascular diseases. However, the risk factors associated with electrosurgical devices are the major concern in the electrosurgical devices market.

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TABLE OF CONTENTS

1. INTRODUCTION 18

1.1 SCOPE OF THE STUDY 18

1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 18

2. GLOBAL ELECTROSURGICAL DEVICES MARKET – KEY TAKEAWAYS 19

3. GLOBAL ELECTROSURGICAL DEVICES MARKET – MARKET LANDSCAPE 21

3.1 OVERVIEW 21

3.2 MARKET SEGMENTATION 21

3.2.1 Global Electrosurgical Devices Market – By Product 22

3.2.2 Global Electrosurgical Devices Market – By Application 22

3.2.3 Global Electrosurgical Devices Market – By Geography 23

3.3 PEST ANALYSIS 24

3.3.1 North America – PEST Analysis 24

3.3.2 Europe- PEST Analysis 26

3.3.3 Asia Pacific- PEST Analysis 28

3.3.4 Middle East and Africa – PEST Analysis 30

3.3.5 South and Central America – PEST Analysis 32

4. GLOBAL ELECTROSURGICAL DEVICES MARKET – KEY MARKET DYNAMICS 34

4.1 KEY MARKET DRIVERS 34

4.1.1 Rising Demand of Minimally Invasive Surgeries 34

4.1.2 Increase in the Number of Surgical Procedures 35

4.1.3 Growing Geriatric Population & Associated Rise in Chronic Diseases 36

4.2 KEY MARKET RESTRAINTS 37

4.2.1 Risk Factors Associated with Electrosurgical Devices 37

4.2.2 Numerous Product Recalls 37

4.3 KEY MARKET OPPORTUNITIES 38

4.3.1 Emphasis for Medical Tourism 38

4.3.2 Development in the Healthcare Market 39

4.4 FUTURE TRENDS 40

4.4.1 Development of Argon Plasma Coagulation (APC) 40

4.5 IMPACT ANALYSIS 41

5. GLOBAL ELECTROSURGICAL DEVICES MARKET – GLOBAL ANALYSIS 42

5.1 GLOBAL ELECTROSURGICAL DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN) 42

5.2 GLOBAL ELECTROSURGICAL DEVICES MARKET, BY GEOGRAPHY – FORECASTS AND ANALYSIS (US$ MN) 43

5.3 PERFORMANCE OF KEY PLAYERS 44

5.3.1 Medtronic 44

5.3.2 Olympus Corporation 44

5.4 EXPERT OPINIONS 45

6. ELECTROSURGICAL DEVICES MARKET ANALYSIS- BY PRODUCT 46

7. GLOBAL ELECTROSURGICAL DEVICES MARKET ANALYSIS- BY APPLICATION 51

8. NORTH AMERICA ELECTROSURGICAL DEVICES MARKET REVENUE AND FORECASTS TO 2025 59

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The post Electrosurgical Devices Market Size | Highest Growth Rate of 6.8% CAGR will generate USD 8,000.9 million by 2025 appeared first on America News Hour.