The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s electrosurgical devices and equipment market report forecasts the electrosurgical devices and equipment market size to grow to $11.45 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Electrosurgical Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/electrosurgical-devices-and-equipment-global-market-report

Electrosurgical Devices And Equipment Market Size Forecast
The global electrosurgical devices and equipment market is expected to grow from $8.7 billion in 2022 to $9.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electrosurgical devices and equipment market size is expected to grow to $11.45 billion in 2027 at a compound annual growth rate (CAGR) of 5.1%.

North America held the largest electrosurgical devices and equipment market share.

Key Electrosurgical Devices And Equipment Market Driver ­– Increase In The Prevalence Rate Of Chronic Diseases
For example, in 2021, according to the American Cancer Society, approximately 608,570 Americans died from cancer which was almost 1600 deaths per day.. According to WHO, the global burden of major chronic diseases currently accounts for 43% of all diseases and is set to rise to 60% by 2020. According to a United Nations’ report on world population aging, globally the 60+ aged population is projected to grow by 56% to reach 1.4 billion. The growth of the aging population and rising chronic disease incidence will contribute to increased hospitalization. The increase in the patient pool is expected to rise the demand for electrosurgical devices and equipment.

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Key Electrosurgical Devices And Equipment Market Trend – developing modern ESUs
Electrosurgery is the application of a high-frequency electric current on biological tissue to create. Technological advances have led to the development of modern ESUs that deliver the medically useful thermal effect. This system is capable of continuously monitoring current and voltage, deriving parameters such as power and tissue resistance, and analyzing them. Depending on the desired treatment outcome, these devices can also keep the operating parameters constant or change them in a targeted manner through control and regulation. Electrosurgical equipment manufacturers should consider investing ESUs to increase market share in the market.

Electrosurgical Devices And Equipment Market Segment
1) By Product: Electrosurgery Generators, Electrosurgery Instruments & Accessories, Argon and Smoke Management Systems
2) By End User: Hospitals, Specialized Clinics, Ambulatory Surgery Centers
3) By Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery

Electrosurgical Devices And Equipment Market Major Players and Strategies
Major players in the electrosurgical devices and equipment market are Bovie Medical Corporation, Johnson & Johnson Private Limited, B. Braun Melsungen AG, Medtronic PLC., Smith and Nephew, Boston Scientific, Stryker Corporation, ATMOS Inc., Heal Force Bio-Meditech Holdings Limited, and Erbe Elektromedizin GmbH.

The Electrosurgical Devices And Equipment Global Market Report 2023 covers regional data on electrosurgical devices and equipment market size, electrosurgical devices and equipment market trends and drivers, opportunities, strategies, and electrosurgical devices and equipment market competitor analysis. The countries covered in the electrosurgical devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Electrosurgical devices and equipment are used for cutting, sealing, and coagulating tissue during a variety of open and laparoscopic surgical procedures.

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