Electrosurgical devices are specifically used in various healthcare domains such as dermatology, cosmetology, gynecology, urology, cardiology, and surgery. Electrosurgery is the medical science that uses electricity and electric fields to cut, divide and remove tissue with a focused pulse of light. This procedure is very similar to the more familiar laser surgery; however, in the past decade or so the field has seen a great deal of advancement in the types of procedures available and in the safety and effectiveness of the technology used for these procedures. In the past several years there has been an explosion in the number of electrosurgery clinics and specialty centers throughout the United States of America and other countries. This has led to a great deal of competition among Electrosurgery practitioners for the best positions available, as well as leading to a corresponding increase in the quality of the procedures performed at these facilities. One of the most widely used electrosurgery devices is the Electrosurgery stomach incision which is particularly helpful in patients that are suffering from a gastric ulcer.
Market Dynamics
The main factors driving the growth of the market are the growing demand for minimally invasive surgeries and the rapid increase of the geriatric population. Electrosurgical devices are widely used in surgeries with very minimal invasion of the body. For instance, sensitive surgeries such as gynecological surgeries often need much more safety and precautions. The increase in gynecological illness is also driving the market. According to National Center for Biotechnology Information, approximately 97.1 per 1000 women in the U.S. suffers from gynecological diseases, some so critical that surgery is the only solution and according to Centers for Medicare & Medicaid Services, in 2019 there were approximately 43000 board-certified, full-time OB-GYN practitioners were present in the U.S. The rise of the geriatric population is also another major driving factor influencing the growth of the electrosurgery devices market. For instance, according to Japanese governmental census data in 2018 Japan had the highest percentage of geriatric population in the world, i.e., almost 28.1%.
The main restraining factors hindering the market growth are strict regulatory requirements around the world related to the approval of devices and the complications related to the electrosurgery processes.
This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, North America is estimated to hold a bigger share of the electrosurgical devices market owing to the rapid increase of demand for minimally invasive surgery in the region. According to data by the federal government, in 2019, U.S. increased the percentage of minimally invasive surgery by 50%. The market in Europe is expected to witness significant growth owing to the prevalence of key players in the region.
Competitive Analysis
Major players operating in the global electrosurgical devices market include Johnson & Johnson Services, Inc., Apyx Medical Corporation, Gala Therapeutics, Inc., Encision Inc., Symmetry Surgical Inc., Erbe Elektromedizin GmbH, Boston Scientific Corporation, Conmed, Olympus Corp., B. Braun Melsungen AG, LS Martin, BOWA-Electronic GmbH & Co. KG, Medtronic Plc, and Bovie Medical Corporation.
In August 2020, Encision Inc launched AEM 2X en Touch Scissors for safe minimally invasive surgery.
In-depth Report on Global Electrosurgical Devices Market by Coherent Market Insights:
https://www.coherentmarketinsights.com/ongoing-insight/electrosurgical-devices-market-441
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