Overview of This Research:
The study involved four major activities in estimating the current market size for the electrosurgery market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Global Industry Leaders:
In 2018, Medtronic (Ireland), Ethicon (US), and Olympus (Japan) dominated the electrosurgery market. Other prominent players in this market include CONMED (US), B. Braun Melsungen AG (Germany), Applied Medical (Netherlands), Erbe Elektromedizin GmbH (Germany), Kirwan Surgical Products LLC (US), Bovie Medical Corporation (US), BOWA-electronic GmbH & Co. KG (Germany), KLS Martin Group (Germany), Boston Scientific (US), Smith & Nephew plc (UK), and CooperSurgical Inc. (US). In order to sustain their dominance in the electrosurgery industry, a majority of prominent players are focusing on increasing their geographical presence and strengthening their product portfolios through the strategies of product launches, agreements & partnerships, and acquisitions.
Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142006761
Medtronic (Ireland) is one of the leading players in the global electrosurgery market. In order to sustain its leadership position and ensure its future growth, the company adopted several organic as well as inorganic strategies. In order to cater to the demand for a more precise and safe form of electrosurgery, the company acquired Mazor Robotics (Israel). Furthermore, the company focused on product commercialization and R&D activities to build a competitive advantage as well as to maintain its high market share. In line with this, Medtronic launched the Valiant Navion Thoracic Stent Graft System in Japan for the minimally invasive surgical repair for type B aortic dissections (TBAD) and thoracic descending aortic aneurysms (TAA).
Ethicon (US) held the second position in the global electrosurgery market in 2018. The company offers a broad range of products integral to the electrosurgery market, which are used across regions such as the Americas, Europe, the Asia Pacific, Africa, and the Middle East for various applications such as tissue dissection, coagulation, irrigation, and fluid evacuation. The company is also focusing on acquisitions (such as the acquisition of Megadyne and NeuWave Medical) as a key growth strategy to expand its product portfolio and geographic presence in the electrosurgery market.
Key Questions Addressed by the Report:
# What are the growth opportunities related to the adoption of electrosurgery devices and instruments across major regions in the future?
# Emerging countries have immense opportunities for the growth and adoption of electrosurgery devices and instruments. Will this scenario continue in the next five years?
# Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
# What are the new trends and advancements in the electrosurgery market?
# What are the different trends and dynamics that will shape the future of the global market?
Geographical Growth Prospects:
The Asia Pacific region is expected to grow at the fastest rate during the forecast period.
The electrosurgery market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is one of the major revenue-generating regions in the market. This market is expected to show high growth in the coming years, mainly due to the increasing patient population, growing demand for minimally invasive surgeries, improvements in healthcare systems, and growing research activities.
Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=142006761
