Key Players - Ethicon (U.S.), Olympus Corporation (Japan), CONMED Corporation (U.S.), ERBE Elektromedizin GmbH (Germany), Bovie Medical Corporation (U.S.), and BOWA-electronic GmbH Co. KG (Germany)
(PRWEB) May 31, 2014
The report “Electrosurgery Market by Product - Generator, Electrosurgical Instruments (Vessel Sealing, Bipolar Forceps, Electrode, Suction Coagulator), Accessories, Surgery (General, Gynecology, Orthopedic, Cardiovascular, Cosmetic) - Global Forecasts to 2019” analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
Browse 103 market data tables 25 figures spread through 261 pages and in-depth TOC on “Electrosurgery Market” http://www.marketsandmarkets.com/Market-Reports/electrosurgery-market-142006761.html
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This report studies the global electrosurgery market over the forecast period of 2014 to 2019. The market is expected to reach ~$4 billion by 2019, at CAGR of 5.9% from 2014 to 2019.
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The global electrosurgery market is divided into eight segments on the basis of type of surgery, namely, general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and others (ENT, dermatology, and ophthalmic surgeries).
Based on the type of product, the global electrosurgery market is classified into three major segments, namely, electrosurgical generators, electrosurgical instruments and accessories, and argon and smoke management systems. The electrosurgical instruments and accessories segment is further classified into electrosurgical instruments and electrosurgical accessories. The electrosurgical instruments market is categorized as bipolar instruments (advanced vessel sealing instruments and bipolar forceps) and monopolar instruments (electrosurgical pencils, electrosurgical electrodes, suction coagulators, and monopolar forceps). Likewise, the electrosurgical accessories market is also categorized into three major segments, namely, patient return electrodes; cords, cables, and adapters; and others (foot switches, carts, and tip cleaners).
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A number of factors such as development of advanced energy based electrosurgical devices, rising demand of minimally invasive surgical procedures, and worldwide rise in the aging population are driving the growth of the global electrosurgery market. On the other hand, factors such as product recalls, increasing government pressure to reduce the healthcare cost and rising trend of bulk purchasing through GPOs (Group Purchasing Organizations) and INHs (Integrated Health Networks) are restricting the growth of the global electrosurgery market.
The emerging markets including China, India, Brazil, and Mexico have became attractive for the companies engaged in the development and marketing of the electrosurgery devices. Rising trends of medical tourism in these countries owing to low cost surgeries, huge population base, and government initiatives to develop a modern healthcare system with corresponding reimbursement structures are the key factors propelling the demand of the electrosurgery devices in the emerging markets.
The global electrosurgery market was dominated by Covidien plc (Ireland), Ethicon (U.S.), and Olympus Corporation (Japan) in 2013. These three companies together accounted for a share of 78% of the global electrosurgery market in 2013. The global electrosurgery market was dominated by Covidien plc (Ireland), Ethicon (U.S.), and Olympus Corporation (Japan) in 2013. These three companies together accounted for a share of 78% of the global electrosurgery market in 2013.
B. Braun Melsungen AG (Germany), Bovie Medical Corporation (U.S.), BOWA-electronic GmbH Co. KG (Germany), CONMED Corporation (U.S.), Covidien plc (Ireland), Ethicon (U.S.), ERBE Elektromedizin GmbH (Germany), KLS Martin Group (Germany), Olympus Corporation (Japan), and Utah Medical Products, Inc. (U.S.) are the major players in the electrosurgery market.
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