Electrosurgical Generator Market size worth over $2.5bn by 2025

Electrosurgical Generator Market size is set to exceed USD 2.5 billion by 2025, according to a new research report by Global Market Insights Inc.
 

Rapid technological advancements in the field of electrosurgery has reduced the use of traditional cutting tools and has enabled automated adjustment of power output will act as high impact rendering factor for increasing the adoption rate of electrosurgical generators. Factors such as swift post-surgery recovery and less invasiveness will drive the market growth for electrosurgical generators. Modern electrosurgical generators can be programmed by lowering the output voltage to reduce the risk of capacitive coupling thus enhancing the operational capability of the generator will further increase the market value.
 

Growing demand for cosmetic surgeries will lead to lucrative growth of the electrosurgical generators market

Increasing obsession with youthful appearance especially among the female population will be the primary factor for the industry growth over the upcoming years.  Rising dermatologic disorders including skin lesions and reduction of anti-ageing signs such as forehead lines, frown lines, crow's feet, etc. with the help of aesthetic procedures will fuel the market expansion during the forecast period.
 

Growing preference of patients for electrosurgery owing to its benefits such as ease of usage, minimal chances of infection, speedier recovery time and a low risk to patients will impel the market revenue. Additionally, rising government investments for the enhancement of target-specific surgical devices and advanced medical treatment is liable to promote the market progression during the forecast timeframe.
 

Wide-ranging applications of electrosurgical generators will spur the industry expansion

Electrosurgical generators have application in optical, gynecology, dermatology, cardiac, dental, ENT, maxillofacial, orthopedic, urology and neurology sectors. It also has applications in surgical procedurals including devitalization, coagulation, thermo-fusion and cutting. Due to its numerous applications, demand for electrosurgical procedures has elevated, eventually leading to high demand for generators. Benefits experienced by patients such as less peri-operative pain and minimal bleeding, is leading to high demand thereby stimulating the market demand.
 

Browse key industry insights spread across 130 pages with 92 market data tables & 11 figures & charts from the report, “Electrosurgical Generator Market Size By Type (Bipolar, Monopolar), By Application (Optical, Gynecology, Dermatology, Cardiac, Dental, ENT, Maxillofacial, Orthopedic, Urology, Neurology), By End-use (Hospitals,  Ambulatory Surgical Centers, Clinics), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electrosurgical-generators-market
 

Rising application of monopolar electrosurgical generators in open surgeries will be a major market growth driver

 The monopolar electrosurgical generator market captured 39.1% of revenue share in 2018. Monopolar generators are used for numerous applications including blend, cut, desiccation, and fulguration in open surgeries are the factors propelling the segment growth.
 

Increasing prevalence of eye disorders and high usage of electrosurgery in ophthalmic procedures resulted in the high market share of optical segment

The optical application segment in the electrosurgical generator market will showcase 7.2% growth rate through 2025 owing to rising application of electrosurgery in ophthalmic surgeries to cut, dissect, coagulate, fulgurate, shrink, and ablate tissue. Moreover, growing prevalence of eye-related diseases and increasing demand for minimally invasive ophthalmic surgeries will positively impact the industry revenue over the coming years.
 

Rising patients’ preference for surgery in ambulatory surgical centers will offer lucrative growth opportunities to the ambulatory surgical centers

Ambulatory surgical centers are expected to reach USD 1 billion by 2025. Growing patient preference towards ambulatory surgical centers to prevent overnight stay after surgical procedure along with availability of high-quality treatment at lower prices in ambulatory surgical centers as compared to other healthcare settings will foster the segment expansion.

 

Presence of major industry players in the U.S. will positively impact the regional growth

The U.S. electrosurgical generator market is dominated by few key players including Medtronic, Erbe, Bovie, CONMED among others. These companies are undertaking various strategies to lead the U.S. market.  For instance, In June 2018, CONMED acquired SurgiQuest, Inc. that strengthened the company’s surgical devices portfolio. Rising awareness about aesthetic procedures due to growing obsession about physical appearance will act as high impact rendering factor for the regional revenue.
 

Increasing number of surgeries coupled with growing demand for minimal invasive procedures will further boost the market value. Technological advancements in bipolar electrosurgical generators has escalated the acceptance rate of electrosurgical generators in the U.S. Rising number of specialty clinics and other healthcare settings will enhance the market expansion over the coming years.  
 

Industry leaders are focusing on new product launch and innovation in the electrosurgical field

Some of the notable companies operating in the electrosurgical generator market include Medtronic, Erbe, Bovie, CONMED among others. These industry participants are focusing their efforts on R&D to develop innovative electrosurgical generator in order to gain competitive advantage in the highly competitive market. Besides competitive differentiation, leading brands are adopting competitive pricing as per devices’ specifications and technological advancement.