Press Release
Press Release
The global electrosurgical devices industry is being driven by the heightened demand for minimally invasive surgical procedures. This trend is further expected to be fuelled by the rising incidences of chronic illnesses and diseases, which require surgical operations. In addition, the growing research and development activities, in confluence with the rapid technological advancements are also anticipated to prove beneficial for the market growth in the coming years. Furthermore, with the rapidly ageing population, the demand for minimally invasive procedures is expected to increase. Electrosurgical devices offer improved quality, ease of usage, and enhanced surgical results. Moreover, the increased availability of specialised electrosurgical devices that deal with different surgical procedures including general, gynaecologic, cosmetic, and cardiovascular, among others is also expected to support the growth of the market in the coming years.
The growing investments by the leading players in the development of advanced electrosurgical devices are expected to spearhead the market growth in the forecast years. For instance, in January 2017, Ethicon Endo-Surgery, Inc., a unit of the Johnson & Johnson Medical Devices Companies (NYSE: JNJ), announced the acquisition of Megadyne Medical Products, Inc., a leading developer and manufacturer of electrosurgical tools. The acquisition was aimed at expanding Ethicon’s advanced energy portfolio with the broad range of innovative electrosurgical tools provided by Megadyne. Medtronic plc (NYSE: MDT), another leading manufacturer of electrosurgical devices, offers an extensive range of electrosurgery instruments and handpieces that are designed to provide optimal performance.
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The major players in the global electrosurgical devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Bovie Medical Corporation, BOWA-electronic GmbH and Co. KG, and CONMED Corporation, 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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