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The electrosurgery market is driven by the increasing general surgeries across the globe, owing to the rising cases of vehicular accidents, brain injuries, epileptic seizures, accidents related to fire, or even gunshot wounds. In the military and defence sectors, soldiers are prone to wounds and require immediate and quick medical attention. This factor is likely to propel general surgery procedures, thereby aiding the electrosurgery market. Over the forecast period, the growing inclination of patients towards minimal-invasive surgeries is likely to provide impetus to the market.
In terms of region, North America accounts for a significant share in the market, owing to the rising cardiovascular and urological disorders among the geriatric population. Electrosurgery bolsters cardiovascular and urological surgical procedures through the use of electric currents, which facilitates precise tissue cutting, coupled with fewer chances of complications. Surgical complications among geriatrics can be fatal. The market in the region will further be aided by the technological advancements in the healthcare infrastructure in the United States of America and Canada.
In May 2021, Olympus Corporation (TYO: 7733) announced the final acquisition of Israel-based medical device company Medi-Tate Ltd. The acquisition has been aimed towards the expansion of the global urological treatment market. Also, Medi-Tate Ltd. is a medical device manufacturing company that aims towards the development of minimal-invasive treatment of various disorders. The company is also one of the leading manufacturers of electrodes. Over the forecast period, the developments made by the Olympus Corporation are likely to propel the demand for electrosurgery.
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The major players in the global electrosurgery industry are Medtronic Plc, Olympus Corporation, B. Braun Melsungen AG, Conmed Corporation, Apyx Medical Corporation, and BOWA-electronic GmbH & Co. KG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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