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Electrosurgical Generators Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-08 

Electrosurgical Generators Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Increasing demand for minimally invasive procedures is expected to fuel global electrosurgical generators market growth. Technological advancements in the healthcare sector have led to the development of cutting-edge electrosurgical generators that can automatically adjust the power output and reduce the dependency on conventional cutting tools.

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Surging geriatric population suffering from chronic disorders as well as increasing inclination towards minimally invasive procedures have accelerated the demand for electrosurgical generators. Meanwhile, industry participants are focusing on new product development and innovation to tap a major market share and expand their product portfolio. On this note, GMI predicts that the global electrosurgical generators market could exceed USD 2.5 billion by 2025.

Few of the major players operating in the electrosurgical generators market include Ethicon (J&J), Medtronic, Symmetry Surgical, Inc. (Bovie), Erbe Elektromedizin GmbH, CONMED Corporation and Olympus.

These firms are leveraging growth strategies like acquisition and collaboration to enhance their market presence. Some companies are also shifting their focus towards developing new and cutting-edge products by investing in several research & development activities.

Strong economic growth across the globe has endowed a major part of the population with high disposable income. This has encouraged people to spend more on improving their aesthetic appearance. In a move to look younger and pleasant, people have started to explore the idea of cosmetic surgeries. This could significantly boost the demand for electrosurgical generators in cosmetic applications.

Surging cases of road accidents and orthopedic injuries could also play a pivotal role in increasing the demand for cosmetic surgeries. Whereas, benefits of electrosurgical generators like reduced chances of infection, ease of use, low risk to patients and quicker recovery time may make it a vital tool in cosmetics surgeries.

Rapid technological advancements in bipolar electrosurgical generators have significantly increased its use while performing minimally invasive procedures. Notably, the latest models of bipolar generators offer precise output with minimum damage to the living tissues.

Essentially, the optical application segment demands minimally invasive procedures to perform surgeries. Surging cases of eye-related disorders and growing need for minimally invasive procedures have facilitated the demand for electrosurgery generators in the optical industry.

Moreover, the adoption of electrosurgery generators in ophthalmic procedures for cutting, dissecting, fulgurating, ablating, coagulating, and shrinking tissues could drive new growth proceeds in the electrosurgical generators market. With this, studies suggest that the optical application segment could reach USD 462.5 million by 2025.

On the regional front, India is expected to offer lucrative growth opportunities to the electrosurgical generators market. Surging geriatric population that is increasingly suffering from multiple chronic ailments, as well as active adoption of cosmetic procedures may fuel the electrosurgical generators market of India.

Additionally, development of new healthcare infrastructure and profound application of electrosurgery generators would foster regional business outlook. On this note, it is estimated that India electrosurgical generators market could reach USD 119.7 million by 2025 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/electrosurgical-generators-market

Partial Chapter of the Table of Content 

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

3.3.1.1. Rapid technological advancements in the field of electrosurgery

3.3.1.2. Increasing number of surgeries globally

3.3.1.3. Growing demand for cosmetic surgeries

3.3.1.4. Wide-ranging applications of electrosurgical generators

3.3.2. Industry pitfalls and challenges

3.3.2.1. Side-effects of using bipolar & monopolar mode

3.3.2.2. Stringent government regulations for product approval

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

Chapter 4. Electrosurgical Generators Market, By Type

4.1. Key segment trends

4.2. Bipolar

4.2.1. Market size, 2014 – 2025 (USD Million)

4.3. Monopolar

4.3.1. Market size, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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