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Global Electrosurgery Market to Grow at a CAGR of 5.4% During 2022-2027, Aided by the Increasing Surgeries Due to the Rising Number of Injuries and Accidents

According to a new report by EMR titled, ‘Global Electrosurgery Market Report and Forecast 2022-2027’, the global electrosurgery industry stood at a value of more than USD 6.7 billion in 2021. The market is further expected to grow at a CAGR of 5.4% in the forecast period of 2022-2027 to attain a value of over USD 9.2 billion by 2027.

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.

Market Breakup by Product, Surgery Types, and Region:

  • The market is segmented on the basis of product into electrosurgical instruments, electrosurgical generators, electrosurgical accessories, argon and smoke management systems.
  • The surgery types include general surgery, gynaecology surgery, orthopaedic surgery, cardiovascular surgery, oncological surgery, cosmetic surgery, urological surgery, and neurological surgery, among others.
  • The regional markets for electrosurgery can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for electrosurgery is being driven by increasing general surgeries, owing to the rising cases of vehicular accidents, brain injuries, and epileptic seizures, among others.
  • The growing popularity of electrosurgery in the military and defence sector, owing to the immediate and fast medical treatment required by the wounded soldiers, is likely to propel the market growth.
  • The changing patient preference towards minimal-invasive surgeries is likely to augment the market growth.
  • The market will further be aided by the growing cases of cardiovascular and urological disorders among the geriatric population. Electrosurgery reduces the chances of complications, bolstering the safety of the geriatrics.

Key Offerings of the Report:

  • The EMR report gives an overview of the global electrosurgery market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the products, surgery types, and regions of electrosurgery.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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