The global Electrosurgical Devices Market is estimated to be valued at US$ 7361.08 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Electrosurgical devices utilize high-frequency alternating current for surgical procedures like cutting, coagulation of vessels, and desiccation of tissue. These devices offer precise cutting and reduction of blood loss during surgeries. Market key trends: One of the key trends in the electrosurgical devices market is the introduction of advanced bipolar and monopolar electrosurgery devices. Advanced bipolar electrosurgery devices deliver focused energy and minimize collateral tissue damage during surgical procedures. Companies are focusing on developing new bipolar devices with advanced features like precise tissue sealing. For instance, Medtronic launched Valleylab FT10 and FT20 electrosurgical generators with advanced monopolar and bipolar capabilities in 2020. Segment Analysis The global electrosurgical devices market is dominated by electrosurgical generators sub-segment. Electrosurgical generators are used in almost all surgical procedures involving minimal invasive surgeries which require precision. The increasing number of minimally invasive surgeries due to advantages such as less pain, reduced scarring and faster recovery time has contributed to the growth of electrosurgical generators sub-segment. Key Takeaways The Global Electrosurgical Devices Market Size is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing number of surgical procedures worldwide. The North America region is expected to dominate the electrosurgical devices market over the forecast period due to presence of advanced healthcare infrastructure and higher adoption of technologically advanced electrosurgical devices in the region. The Asia Pacific region is expected to exhibit fastest growth during the forecast period owing to rising medical tourism, increasing healthcare expenditure and growing geriatric population. Key players operating in the electrosurgical devices market are Bovie Medical Corporation, Medtronic Plc, BOWA-Electronic GmbH & Co. KG, KLS Martin, B. Braun Melsungen AG, Conmed, Olympus Corp., Boston Scientific Corporation, Erbe Elektromedizin GmbH, Symmetry Surgical Inc., Encision Inc., Gala Therapeutics, Inc., Apyx Medical Corporation, and Johnson & Johnson Services, Inc. These players are focusing on new product launches and geographical expansion to increase their market share in the electrosurgical devices market. For instance, in 2022, Johnson & Johnson launched extended functionality electrosurgical platform called EVS ENSEAL X1 device for minimally invasive surgery. Read more: https://www.ukwebwire.com/electrosurgical-devices-market-insights-trends/
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