Market Analysis and Insights: North America Electrosurgery Market
North America electrosurgery market is registering a substantial CAGR in the forecast period of 2019-2026. The rise in the market can be attributed due to the surge in the incidences of chronic diseases and innovations which has contributed to the market growth.
Market Definition: North America Electrosurgery Market
With the advent of technology, the adoption of electrosurgery has surged. The electrosurgery uses electricity to cause thermal destruction of tissue through dehydration, coagulation, or vaporization. It is of two types’ high-frequency electrosurgery and electrocautery. Electrosurgery is widely used in areas, including urology, gynecology, gastroenterology, neurology, abdominal surgery and overall operations. Bipolar and monopolar instruments are used in the electrosurgery procedure.
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North America electrosurgery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electrosurgery market for U.S., Canada and Mexico.
- The surge in the rate of surgical procedures is driving the market growth
- The rise in the elderly population is propelling the market growth
- The various technological advancements are fueling the market growth
- The rise in the number of ambulatory surgical centers is driving the market growth
- The product recalls have become regular which had hindered the market growth
- Electronic processes have various complications associated which hamper the market growth
- The healthcare reform in the United States is hindering the market growth
Segmentation: North America Electrosurgery Market
- Electrosurgical Generators
- Electrosurgical Instruments and Accessories
- Electrosurgical Instruments
- Bipolar Electrosurgical Instruments
- Advanced Vessel Sealing Instruments
- Bipolar Forceps
- Monopolar Electrosurgical Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgical Accessories
- Patient Return Electrodes
- Cords, Cables, and Adapters
- Others (Foot Switches, Carts, and Tip Cleaners)
- Argon and Smoke Management Systems
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Key Developments in the Market:
- In September 2019, ETHICON, a subsidiary of Johnson & Johnson Medical Devices Companies had launched MEGADYNE MEGA SOFT Universal Plus. It is a lightweight pressure reduction pad which gives the patent enough cushioning needed. It is also environment friendly and also reduces the adhesive-related injuries. The launch had enabled the company to provide best in class products for electrosurgery.
- In May 2018, Olympus Corporation had launched DualKnife J, an endoscopic submucosal dissection electrosurgical knife. It enables more reliable and safe ESD performance. It has adjustments of two step knife length which ensures the optimal handling and less risk perforation. The launch had enabled the company to expand its market share by offering a new innovative range of product which has met the demand of the customers.
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Key Market Competitors:
Few of the major market competitors currently working in the North America electrosurgery market are Smith & Nephew, Utah Medical Products, Inc., SYMMETRY SURGICAL INC., Hologic, Inc., Applied Medical Resources Corporation, 3M, Abbott, B. Braun Medical Inc., Erbe Elektromedizin GmbH, Medical Devices Business Services, Inc., Olympus Corporation of the Americas, Stryker, Boston Scientific Corporation, CONMED Corporation, Kirwan Surgical Products, LLC and Medtronic among others.
Research Methodology: North America Electrosurgery Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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