Image: The market for electrosurgery devices is expected to surpass $5 billion by 2032 (Photo courtesy of Pexels)
Various types of surgeries, such as cosmetic, cardiovascular, and gynecological procedures, require precision and are time sensitive. Electrosurgery devices such as generators, active electrodes and others make it easier and less time-consuming to perform such surgeries, which is driving their demand. The COVID-19 pandemic has forced end users to prioritize treatments and limited the growth of the electrosurgery market. The market is currently in a recovery phase with new developments in the manufacture of these devices such as electrosurgical generators, instruments and bipolar instruments. The global market for electrosurgery devices is expected to grow at a CAGR of 4.4%, from approximately USD 3.3 billion in 2022 to over USD 5 billion by 2032, driven by technologically advanced tools and their use in major applications in the medical, cosmetic and aging fields. – running related surgeries.
These are the latest findings from Future Market Insights (Newark, DE, USA), a market research organization.
The increase in chronic diseases and lifestyle is creating the need for specific treatments that include multiple surgeries and driving the market for electrosurgery devices. New minimally invasive surgery techniques and related technologies are fueling sales of electrosurgical devices, including generators and other instruments. Governments around the world are adopting new cutting-edge technologies to improve their healthcare systems, especially for the treatment of chronic diseases requiring surgical interventions. The major adoption of electrosurgery devices is in hospitals, clinics and ablation centers and the growing number of outpatient surgery centers is further contributing to the growth of the market.
On the basis of product, the electrosurgical instruments and accessories segment holds the largest share of the electrosurgical devices market and is expected to register a CAGR of 4.2% during the forecast period, driven by factors such as that high usage in medical and cosmetic sector, and affordable. prices due to current use. Based on applications, the general surgery segment holds the largest share of the electrosurgical devices market and is expected to register a CAGR of 4.1% during the forecast period, driven by common usage and new technological developments in the field of general surgery.
Geographically, the US electrosurgical devices market is expected to register the fastest CAGR of 3.9% during the forecast period and exceed $1.7 billion by 2032, driven by emerging industry trends cosmetics, high obesity rates and high capital investment in health care. China electrosurgery devices market is expected to register the second fastest CAGR of 3.7% during the forecast period to reach USD 347 million by the end of 2032, alongside Japan and South Korea. South.
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