The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Electrosurgical Devices And Equipment Global Market Report 2024, the electrosurgical devices and equipment market is expected to show significant growth in the forecast period.

The electrosurgical devices and equipment market have witnessed robust growth, expanding from $9.7 billion in 2023 to $10.44 billion in 2024, at a commendable Compound Annual Growth Rate (CAGR) of 7.7%. Projections indicate further expansion, reaching $13.52 billion in 2028, with a CAGR of 6.7%. This growth is fueled by various factors, including an aging population, the surge in minimally invasive surgeries, increased surgical procedure volumes, and the advent of telemedicine and remote surgery.

The Impact of Rising Chronic Diseases: A Driving Force Increasing Prevalence: The prevalence of chronic diseases has played a pivotal role in propelling the electrosurgical devices and equipment market. These devices are crucial in treating life-threatening conditions such as skin cancer, basal cell carcinomas, squamous cell carcinoma, wound surgery, skin surgery, non-cancerous moles, and dentistry. Alarming Statistics: According to the National Library of Medicine, individuals aged 50 and older with at least one chronic condition in the United States are projected to increase by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Market Players: Major companies contributing to the market’s growth include Bovie Medical Corporation, Johnson & Johnson Private Limited, B. Braun Melsungen AG, Medtronic PLC, and others.

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Electrosurgical Generator Technology: Paving the Way for Advanced Surgical Treatments Innovative Technological Advancements: Leading companies in the electrosurgical devices and equipment market are focusing on cutting-edge technology, particularly electrosurgical generators, to solidify their market position. Olympus Corporation’s Breakthrough: In June 2023, Olympus Corporation introduced the ESG-410 Electrosurgical Generator, equipped with PLASMA+ Technology. This system brings forth advancements in surgical treatments, featuring faster ignition, enhanced plasma stability, and versatile applicability in various surgical procedures without direct tissue contact. Segmentation of the Market: The electrosurgical devices and equipment market is segmented by product (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Argon and Smoke Management Systems), application (General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery), and end-user (Hospitals, Specialized Clinics, Ambulatory Surgery Centers).

Major Trends Shaping the Future Energy-Efficient Devices: The market is witnessing a trend towards energy-efficient electrosurgical devices, contributing to sustainability efforts. Integration of Imaging Technologies: The incorporation of advanced imaging technologies is becoming prevalent, enhancing precision in surgical procedures. Smart and Connected Devices: Electrosurgical devices are evolving to become smarter and more connected, facilitating seamless integration with other healthcare systems. Enhanced Safety Features: Safety remains a paramount concern, leading to the incorporation of advanced safety features in electrosurgical devices.

Regional Dominance: North America Takes the Lead Market Landscape: In 2023, North America emerged as the largest region in the global electrosurgical devices market, showcasing a strong foothold. Contributing Factors: Factors contributing to North America’s dominance include robust healthcare infrastructure, technological advancements, and a high prevalence of chronic diseases.

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