Global Electrosurgical Devices Sector to Grow Steadily
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By HospiMedica International staff writers Posted on 13 Mar 2016 |
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The global electrosurgical devices market will exhibit a compound annual growth rate (CAGR) of 4.11%, reaching a volume of USD 5.56 billion by 2012. These are the latest findings of GlobalData (London, United Kingdom), an international business intelligence provider.
According to the marker report, electrosurgical generators and instruments have become indispensable tools in cutting, sealing, and coagulating tissue during a variety of open and laparoscopic procedures. The two major segments of the electrosurgical market are surgical generators, which include radiofrequency (RF), ultrasonic (US), electrocautery, and argon plasma (AP) equipment; and the electrosurgical instruments sector, which includes monopolar, bipolar, ultrasonic, and argon-plasma coagulation (APC) instruments.
The projected expansion, which will occur across ten major markets—the United States, France, Germany, Italy, Spain, the United Kingdom, China, India, Brazil, and Japan—will be driven by an increase in minimally invasive procedures, the growth of computer-assisted surgery, an aging population, and untapped potential in emerging markets. The expansion of computer-assisted surgery will also encourage market growth due to the increased adoption of specialized instruments used in robotic surgery, including electrosurgical devices.
In terms of specific devices expected to make a big impact on the market, RF generators are an important segment, and are marketed by some of the largest medical technology firms in the world. The largest player in the market is Medtronic (Dublin, Ireland), with other leading manufacturers including Olympus, Ethicon Endo-Surgery (Ethicon, Cincinnati, OH, USA), B. Braun (Melsungen, Germany), and ConMed, all with varying specialties and focuses.
“Minimally invasive surgeries require smaller incisions and lead to quicker recovery times, while placing lower financial burdens on patients and healthcare systems,” said GlobalData analyst Shashank Settipalli. “The resultant increased need for instruments, accessories, and equipment specialized for minimally invasive procedures will help the electrosurgical devices arena to expand.”
Electrosurgery is the application of a high-frequency electric current to biological tissue as a means to cut, coagulate, desiccate, or fulgurate tissue. Electrosurgical devices are frequently used during surgical operations helping to prevent blood loss in hospital operating rooms or in outpatient procedures.
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According to the marker report, electrosurgical generators and instruments have become indispensable tools in cutting, sealing, and coagulating tissue during a variety of open and laparoscopic procedures. The two major segments of the electrosurgical market are surgical generators, which include radiofrequency (RF), ultrasonic (US), electrocautery, and argon plasma (AP) equipment; and the electrosurgical instruments sector, which includes monopolar, bipolar, ultrasonic, and argon-plasma coagulation (APC) instruments.
The projected expansion, which will occur across ten major markets—the United States, France, Germany, Italy, Spain, the United Kingdom, China, India, Brazil, and Japan—will be driven by an increase in minimally invasive procedures, the growth of computer-assisted surgery, an aging population, and untapped potential in emerging markets. The expansion of computer-assisted surgery will also encourage market growth due to the increased adoption of specialized instruments used in robotic surgery, including electrosurgical devices.
In terms of specific devices expected to make a big impact on the market, RF generators are an important segment, and are marketed by some of the largest medical technology firms in the world. The largest player in the market is Medtronic (Dublin, Ireland), with other leading manufacturers including Olympus, Ethicon Endo-Surgery (Ethicon, Cincinnati, OH, USA), B. Braun (Melsungen, Germany), and ConMed, all with varying specialties and focuses.
“Minimally invasive surgeries require smaller incisions and lead to quicker recovery times, while placing lower financial burdens on patients and healthcare systems,” said GlobalData analyst Shashank Settipalli. “The resultant increased need for instruments, accessories, and equipment specialized for minimally invasive procedures will help the electrosurgical devices arena to expand.”
Electrosurgery is the application of a high-frequency electric current to biological tissue as a means to cut, coagulate, desiccate, or fulgurate tissue. Electrosurgical devices are frequently used during surgical operations helping to prevent blood loss in hospital operating rooms or in outpatient procedures.
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