The Global Electrosurgery Market is Expected to Grow at a CAGR of 5.9% from 2014-2019 say’s a Report at ReportsnReports.com
Dallas, Texas (PRWEB) June 01, 2014 -- The global electrosurgery market is estimated to grow at a CAGR of 5.9% from 2014 to 2019. Although the mature markets (such as the U.S., Germany, U.K.) hold larger shares in the electrosurgery market, the Asia-Pacific region is expected to grow at the highest CAGR of 8.0% in the forecast period. The growth of the electrosurgery market is driven by factors such as technological advancements in electrosurgical devices, rapidly aging population, increasing demand for laparoscopic surgical procedures, improving healthcare facilities in the emerging countries of the Asia-Pacific and RoW (Rest of the World) regions, geographic expansions of market players across the globe, and government initiatives to fulfill healthcare needs. However, factors such as ongoing healthcare reforms in the U.S., product recalls, and increasing price pressure on the electrosurgical device manufacturers and distributors are restraining the growth of this market. Growing public-private investments by market players in the emerging regions of Asia-Pacific and RoW are creating opportunities for the growth of the electrosurgery market in these regions.
Company profiles included in Global Electrosurgery Market are Covidien Plc, Ethicon (Ethicon, Inc. And Ethicon Endo-Surgery, Inc.), Olympus Corporation, Conmed Corporation, Bovie Medical Corporation, Erbe Elektromedizin Gmbh, B. Braun Melsungen Ag, Bowa-Electronic Gmbh & Co. Kg, Utah Medical Products, Inc. And Kls Martin Group.
In this report, the global electrosurgery market has been segmented on the basis of type of product (electrosurgical generators, electrosurgical instruments and accessories, and argon and smoke management systems), and type of surgery (general surgery, gynecology surgery, Urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and others (ENT, dermatology, and ophthalmic surgeries). The electrosurgical instruments and accessories market accounted for the largest share of the global electrosurgery market in 2014, followed by the electrosurgical generators market. Factors such as new product launch, technological advancements, and increasing demand of minimal invasive surgery are stimulating the growth of the
electrosurgical instruments and accessories market. Request a Sample @ http://www.reportsnreports.com/contacts/RequestSample.aspx?name=282631.
Geographically, North America (comprising the U.S., Canada, and Mexico) commands the largest share of 47% of the global electrosurgery market in 2014, followed by Europe. The electrosurgery market in the North America is primarily driven by various factors including technological advancements by the domestic market players, rising number of surgical centers, aging population, and increasing volume of surgical procedures in the North American countries. However, increasing government pressure to reduce the healthcare cost and rising price pressure on the market players constraints the growth of the electrosurgery market in this region. The Asia-Pacific region is poised to grow at the highest CAGR of 8% in the next five years, owing to factors such as increasing government initiatives for modernization of healthcare infrastructure, improvements in healthcare insurance coverage, and growing focus of both international and domestic players on the Asia-Pacific electrosurgery market are propelling the growth of the electrosurgery market in the Asia-Pacific region.
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Table Of Contents
1 Introduction
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Industry Analysis
6 Global Electrosurgery Market, By Product
7 Global Electrosurgery Market, By Type Of Surgery
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
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