Growth of Electrosurgery Products Market Analyzed and Forecast to 2019

LifeScienceIndustryResearch.com adds "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" to its store.

DALLAS, April 30, 2014 /PRNewswire-iReach/ -- 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.

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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.

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.

The global electrosurgery market is highly competitive with a large number of global as well as local market players. As of 2013, the global electrosurgery market was dominated by Covidien plc (Ireland), Ethicon (U.S.), and Olympus Corporation (Japan), which together accounted for 78% of the market. New product launches and partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most of the market players to achieve growth in the electrosurgery market. Major points from table of Content

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Reasons to Buy the Report:

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, PEST analysis, and Porter's five force model), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high growth segments of the electrosurgery market, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on electrosurgical devices offered by the top 10 players in the electrosurgical devices market. The report analyzes the electrosurgical devices market by type of product and surgery across geographies
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the electrosurgical devices market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various electrosurgical devices across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the electrosurgical devices market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the electrosurgical devices market

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2014

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