Electrosurgery Market - Major Players to Lead the Global Industry


Posted September 18, 2020 by mmvaidya

Medtronic (Ireland) and Ethicon (US) are one of the Leading Players in the Global Electrosurgery Market.
 
The study involved four major activities in estimating the current market size for the electrosurgery market. Exhaustive secondary research was done to collect information on the market and its different subsegments.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

The global Electrosurgical Accessories Market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%.
The growth in this market is driven by technological advancements in electrosurgical instruments; the increasing demand for minimally invasive surgeries; the growing number of medical, cosmetic, and age-related surgeries performed; and the rising number of ambulatory surgery centers. However, risks associated with electrosurgical procedures are expected to restrain the growth of the electrosurgery market.

Download PDF [email protected]
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142006761

In 2018, Medtronic (Ireland), Ethicon (US), and Olympus (Japan) dominated the electrosurgery market. Other prominent players in this market include CONMED (US), B. Braun Melsungen AG (Germany), Applied Medical (Netherlands), Erbe Elektromedizin GmbH (Germany), Kirwan Surgical Products LLC (US), Bovie Medical Corporation (US), BOWA-electronic GmbH & Co. KG (Germany), KLS Martin Group (Germany), Boston Scientific (US), Smith & Nephew plc (UK), and CooperSurgical Inc. (US).

In order to sustain their dominance in the Electrosurgical Accessories Market, a majority of prominent players are focusing on increasing their geographical presence and strengthening their product portfolios through the strategies of product launches, agreements & partnerships, and acquisitions.

Medtronic (Ireland) is one of the leading players in the global electrosurgery market. In order to sustain its leadership position and ensure its future growth, the company adopted several organic as well as inorganic strategies. In order to cater to the demand for a more precise and safe form of electrosurgery, the company acquired Mazor Robotics (Israel). Furthermore, the company focused on product commercialization and R&D activities to build a competitive advantage as well as to maintain its high market share. In line with this, Medtronic launched the Valiant Navion Thoracic Stent Graft System in Japan for the minimally invasive surgical repair for type B aortic dissections (TBAD) and thoracic descending aortic aneurysms (TAA).

Ethicon (US) held the second position in the global Electrosurgical Accessories Market in 2018. The company offers a broad range of products integral to the electrosurgery market, which are used across regions such as the Americas, Europe, the Asia Pacific, Africa, and the Middle East for various applications such as tissue dissection, coagulation, irrigation, and fluid evacuation. The company is also focusing on acquisitions (such as the acquisition of Megadyne and NeuWave Medical) as a key growth strategy to expand its product portfolio and geographic presence in the electrosurgery market.

Request Sample [email protected]
https://www.marketsandmarkets.com/requestsampleNew.asp?id=142006761

The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period

On the basis of region, the electrosurgery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America accounted for the largest share of the electrosurgery market, followed by Europe. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to the growing popularity of cosmetic surgeries, government efforts to increase access to elective surgery, large population base, high patient population, and improving healthcare infrastructure in the region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
-- end ---
Contact Email [email protected]
Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags Electrosurgical Accessories Market , Electrosurgical Accessories
Last Updated September 18, 2020