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Electrosurgery Device Trends and Forecast
The future of the global electrosurgery device market looks promising with opportunities in the general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, and neurosurgery applications. The global electrosurgery device market is expected to reach an estimated $9 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic diseases and rise in demand for minimally invasive procedures.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electrosurgery Device by Segment
The study includes a forecast for the global electrosurgery device by product, application, and region.
Electrosurgery Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Electrosurgical Instruments
• Electrosurgical Generators
• Electrosurgical Accessories
• Smoke Evacuation Systems
Electrosurgery Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• General Surgery
• Gynecology Surgery
• Urologic Surgery
• Orthopedic Surgery
• Cardiovascular Surgery
• Cosmetic Surgery
• Neurosurgery
• Others
Electrosurgery Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electrosurgery Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electrosurgery device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electrosurgery device companies profiled in this report include-
• Medtronic
• Ethicon
• Olympus
• B. Braun Melsungen
• CONMED
Electrosurgery Device Market Insights
Lucintel forecasts that electrosurgical instrument will remain the largest segment over the forecast period.
Within this market, general surgery will remain the largest segment over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global Electrosurgery Device Market
Market Size Estimates: Electrosurgery device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electrosurgery device market size by product, application, and region in terms of value ($B).
Regional Analysis: Electrosurgery device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the electrosurgery device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electrosurgery device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electrosurgery device market size?
Answer: The global electrosurgery device market is expected to reach an estimated $9 billion by 2030.
Q2. What is the growth forecast for electrosurgery device market?
Answer: The global electrosurgery device market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electrosurgery device market?
Answer: The major drivers for this market are growing prevalence of chronic diseases and rise in demand for minimally invasive procedures.
Q4. What are the major segments for electrosurgery device market?
Answer: The future of the electrosurgery device market looks promising with opportunities in the general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, and neurosurgery applications.
Q5. Who are the key electrosurgery device market companies?
Answer: Some of the key electrosurgery device companies are as follows:
• Medtronic
• Ethicon
• Olympus
• B. Braun Melsungen
• CONMED
Q6. Which electrosurgery device market segment will be the largest in future?
Answer: Lucintel forecasts that electrosurgical instrument will remain the largest segment over the forecast period.
Q7. In electrosurgery device market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electrosurgery device market by product (electrosurgical instruments, electrosurgical generators, electrosurgical accessories, and smoke evacuation systems), application (general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electrosurgery Device Market, Electrosurgery Device Market Size, Electrosurgery Device Market Growth, Electrosurgery Device Market Analysis, Electrosurgery Device Market Report, Electrosurgery Device Market Share, Electrosurgery Device Market Trends, Electrosurgery Device Market Forecast, Electrosurgery Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electrosurgery Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electrosurgery Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electrosurgery Device Market by Product
3.3.1: Electrosurgical Instruments
3.3.2: Electrosurgical Generators
3.3.3: Electrosurgical Accessories
3.3.4: Smoke Evacuation Systems
3.4: Global Electrosurgery Device Market by Application
3.4.1: General Surgery
3.4.2: Gynecology Surgery
3.4.3: Urologic Surgery
3.4.4: Orthopedic Surgery
3.4.5: Cardiovascular Surgery
3.4.6: Cosmetic Surgery
3.4.7: Neurosurgery
3.4.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electrosurgery Device Market by Region
4.2: North American Electrosurgery Device Market
4.2.2: North American Electrosurgery Device Market by Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, and Others
4.3: European Electrosurgery Device Market
4.3.1: European Electrosurgery Device Market by Product: Electrosurgical Instruments, Electrosurgical Generators, Electrosurgical Accessories, and Smoke Evacuation Systems
4.3.2: European Electrosurgery Device Market by Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, and Others
4.4: APAC Electrosurgery Device Market
4.4.1: APAC Electrosurgery Device Market by Product: Electrosurgical Instruments, Electrosurgical Generators, Electrosurgical Accessories, and Smoke Evacuation Systems
4.4.2: APAC Electrosurgery Device Market by Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, and Others
4.5: ROW Electrosurgery Device Market
4.5.1: ROW Electrosurgery Device Market by Product: Electrosurgical Instruments, Electrosurgical Generators, Electrosurgical Accessories, and Smoke Evacuation Systems
4.5.2: ROW Electrosurgery Device Market by Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electrosurgery Device Market by Product
6.1.2: Growth Opportunities for the Global Electrosurgery Device Market by Application
6.1.3: Growth Opportunities for the Global Electrosurgery Device Market by Region
6.2: Emerging Trends in the Global Electrosurgery Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electrosurgery Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electrosurgery Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Medtronic
7.2: Ethicon
7.3: Olympus
7.4: B. Braun Melsungen
7.5: CONMED
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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