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Thursday, November 23, 2023

Global Electrosurgery Device Market is Anticipated to Grow at a CAGR of 5.8% during 2024 to 2030

The future of the global electrosurgery device market looks promising with opportunities in the general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, and neurosurgery applications. The global electrosurgery device market is expected to reach an estimated $9.0 billion  by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic diseases and rise in demand for minimally invasive procedures.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the electrosurgery device market by product (electrosurgical instruments, electrosurgical generators, electrosurgical accessories, and smoke evacuation systems), application (general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, electrosurgical instrument, electrosurgical generator, electrosurgical accessory, and smoke evacuation system are the major segments of electrosurgery device market by product. Lucintel forecasts that electrosurgical instrument will remain the largest segment over the forecast period.

Within this market, general surgery will remain the largest segment over the forecast period.

North America is expected to witness highest growth over the forecast period.

Medtronic, Ethicon, Olympus, B. Braun Melsungen, and CONMED are the major suppliers in the electrosurgery device market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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