Electrosurgical Generators Market revenue to hit USD 2.5 Bn by 2025: Global Market Insights, Inc.

The optical electrosurgical generators market will reach $462.5 million by 2025 owing to increasing use of electrosurgery in ophthalmic surgeries for cutting, dissecting, coagulating, fulgurating, shrinking, and ablating the tissue.

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Selbyville, Delaware, Dec. 22, 2019 (GLOBE NEWSWIRE) --

According to latest report “Electrosurgical Generators Market by Type (Bipolar, Monopolar), Application (Optical, Gynecology, Dermatology, Cardiac, Dental, ENT, Maxillofacial, Orthopedic, Urology, Neurology), End-use (Hospitals,  Ambulatory Surgical Centers, Clinics), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2025”, by Global Market Insights, Inc., the market valuation of electrosurgical generators will reach $2.5 billion by 2025. Rising number of surgeries will primarily drive the market growth over the projected timeframe.

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Some major findings of the electrosurgical generators market report include:

  • Technological advancements in electrosurgical generators has reduced the use of conventional cutting tools and enabled automatic adjustment of power output that will act as a high impact rendering factor for the electrosurgical generators market growth.
  • Growing demand for minimal invasive procedures coupled with rising awareness about aesthetic surgeries will positively impact the business growth over the coming years.
  • Major players operating in the market include Medtronic, Ethicon (J&J), Symmetry Surgical, Inc. (Bovie), CONMED Corporation, Erbe Elektromedizin GmbH, and Olympus among others.
  • Market players are focusing on new product development and innovation in electrosurgical field to gain significant market position and expand their product portfolio.

Rising number of surgeries and expanding geriatric population base susceptible to suffer from chronic conditions will escalate the use of electrosurgical generators over the forecast timeframe. Additionally, growing demand for minimally invasive procedures will positively influence the growth of electrosurgical generators market.  

Increasing disposable income coupled with rising healthcare expenditure will stimulate the market growth. Growing adoption of cosmetic surgeries to look young and pleasant due to its age-reducing effect has elevated the demand for electrosurgical generators significantly in recent years. Furthermore, rise in number of road accidents and orthopedic injuries has propelled the number of surgeries, thereby positively impacting the electrosurgical generators market growth.  Multifactorial benefits including minimal chances of infection, ease of usage, speedier recovery time and a low risk to patients associated with electrosurgery will boost the industry growth over the projected period.

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Monopolar and bipolar are the two types of electrosurgical generators. Bipolar accounted for more than 60% revenue share in 2018 and is anticipated to grow significantly over the coming years. Technological advancements in the bipolar electrosurgical generators has increased its adoption rate. The newly developed bipolar generators deliver precise output with reduced damage to the living tissues that will in turn propel the segmental growth.

The application segment of electrosurgical generators market is bifurcated into optical, gynecology, dermatology, cardiac, dental, ENT, maxillofacial, orthopedic, urology, neurology and others. The optical application segment will reach USD 462.5 million by 2025. The increasing use of electrosurgery in ophthalmic surgeries for cutting, dissecting, coagulating, fulgurating, shrinking, and ablating the tissue will drive the segmental growth. Additionally, growing prevalence of eye-related disorders and rise in demand for minimal invasive procedures will drive the optical industry growth over the forecast period.

Hospitals, clinics, ambulatory surgical centers and few others are the end-users of electrosurgical generators. The ambulatory surgical centers are estimated to grow by 10% over the forecast period due to growing patient preference for ambulatory surgical centers. High quality treatment at lower price as compared to other healthcare settings along with no requirement of staying post-surgery will drive the segmental growth.

Some notable industry players operating in electrosurgical generators market include Medtronic, Symmetry Surgical, Inc. (Bovie), Ethicon (J&J), CONMED Corporation, Olympus and Erbe Elektromedizin GmbH. Companies operating in electrosurgical devices industry are presently focusing on bringing innovation into the field by focusing on R&D and new product development to gain significant market share.

Browse key industry insights spread across 130 pages with 92 market data tables & 11 figures & charts from the report, “Electrosurgical Generators Market Size 2019–2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/electrosurgical-generators-market

Table of Contents (ToC) of the report:

Chapter 3. Electrosurgical Generators Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025 (USD Million)

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.2. Industry pitfalls and challenges

3.4. Growth potential analysis

3.4.1. By type

3.4.2. By application

3.4.3. By end-use

3.5. Regulatory scenario

3.6. Product portfolio analysis, by leading electrosurgical generator models

3.7. Porter’s analysis

3.8. Competitive landscape, 2018

3.8.1. Company share analysis, by top companies

3.9. PESTEL analysis

Browse Complete Table of Contents (ToC) @

https://www.gminsights.com/toc/detail/electrosurgical-generators-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


        

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