Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the electrosurgery market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# The key players in the industry and markets have been identified through extensive secondary research.

# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.

# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Major Growth Influencing Factors:

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 market.

Data Triangulation:

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the electrosurgery market.

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Projected Revenue Growth:

The global electrosurgery market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%.

Key Questions Addressed by the Report:

# What are the growth opportunities related to the adoption of electrosurgery devices and instruments across major regions in the future?
# Emerging countries have immense opportunities for the growth and adoption of electrosurgery devices and instruments. Will this scenario continue in the next five years?
# Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
# What are the new trends and advancements in the electrosurgery market?
# What are the different trends and dynamics that will shape the future of the global market?

End Users:

The hospitals, clinics, & ablation centers segment accounted for the largest market share in 2018

On the basis of end users, the electrosurgery market is segmented into hospitals, clinics, & ablation centers; ambulatory surgical centers; and research laboratories & academic institutes. The hospitals, clinics, & ablation centers segment accounted for the largest market share in 2018. The large share of this segment can be attributed to a large number of electrosurgery procedures performed in hospitals, the growing demand for minimally invasive procedures, and the rising adoption of advanced imaging modalities to improve workflow efficiency in hospitals.

Geographical Growth Dynamics:

The Asia Pacific region is expected to grow at the fastest rate during the forecast period.

The electrosurgery market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is one of the major revenue-generating regions in the market. This market is expected to show high growth in the coming years, mainly due to the increasing patient population, growing demand for minimally invasive surgeries, improvements in healthcare systems, and growing research activities.

Key Market Players

In 2018, the electrosurgery market was dominated by Medtronic (Ireland), Ethicon, Inc. (US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Applied Medical Resources Corporation (US), CONMED Corporation (US), Apyx Medical Corporation (US), Boston Scientific (US), Smith & Nephew plc (UK), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), BOWA-electronic GmbH & Co KG (Germany), CooperSurgical, Inc. (US), Kirwan Surgical Products LLC (US), Zimmer Biomet Holdings, Inc. (US), Utah Medical Products, Inc. (US), Encision Inc. (US), Meyer-Haake GmbH (Germany), Surgical Holdings (UK), I. C. Medical, Inc (US), ATMOS Inc. (US), Parkell, Inc. (US), Bissinger Medizintechnik GmbH (Germany), CIMPAX (Denmark), and KENTAMED Ltd. (Bulgaria).

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