The worldwide electrosurgical devices market is expected to reach USD 7.2 billion by 2025. Greater preference of surgeons for minimally invasive surgical procedures over traditional surgical methods is a key factor that drives product demand. Stiff competition among industry participants and popularity of contemporary surgical procedures such as electrosurgery can favorably impact the overall market during the forecast period (2014 to 2025). Furthermore, entry of local companies in emerging nations is projected to fuel market growth due to the easy accessibility to affordable equipment. In addition, greater awareness regarding the latest surgical techniques in various developing regions is anticipated to contribute significantly to global demand.
The global electrosurgical devices market is categorized as per methods, products, and regions. On the basis of methods, the market is divided into bipolar and monopolar methods. The bipolar segment occupied the largest share in 2015 and is further expected to lead the market during the forecast period. Improved safety features and ease of usage are some of the aspects projected to propel growth of this segment. While monopolar devices pose several risks, such as stimulation of tissues, current shunting, and unintended burns, bipolar procedures are safe even for patients with pacemakers.
On the basis of products, the market is segregated into dispersive electrodes, electrosurgical generators, active electrodes, and other accessories. The active electrode segment held the maximum share in 2015 and is anticipated to grow rapidly over the estimated years. Demand for dispersive electrodes may be hampered by the growing use of bipolar equipment. Unlike monopolar methods, bipolar methods do not need dispersive electrodes. “Others” involves accessories utilized along with electrosurgical devices including tubing, gas chambers, electrosurgical pencils, and wirings.
In-depth research report on global electrosurgical devices market - http://www.grandviewresearch.com/industry-analysis/electrosurgical-devices-market
According to geographies, the electrosurgical devices market is divided into Middle East & Africa (MEA), North Latin America, America, Asia Pacific (APAC), and Europe. North America dominated the global market in 2015. This growth can be credited to the presence of a number of companies in the region and a strong degree of competitiveness. In addition, high rates of adoption of advanced technologies and availability of skilled professionals are anticipated to augment market growth over the next few years. Rapid economic development, awareness regarding minimally invasive & advanced surgical methods, and substantial inflows of foreign direct investment are key factors that propel the APAC region. This region is anticipated to register a high CAGR from 2014 to 2025.
B. Braun Melsungen AG; Covidien PLC; Ethicon, Inc.; Olympus Corp.; and Boston Scientific are some of the major players of the electrosurgical devices market. Emergence of local companies in various developing economies, particularly India and China is expected to boost global competition. These local companies offer devices at affordable prices due to the availability of low-cost raw materials and cheap labor in these countries.
Over the past decade, key variations and newer configurations have been introduced in these devices, which in turn have expanded the use of bipolar electrosurgery. These variations include bipolar hooks, forceps with cutting capability, scissors, needles, and energy source systems/optimized instrument. These novel technologies are expected to make bipolar electrosurgery an extremely versatile tool in surgeries for haemostatic dissection.