LONDON, June 9, 2015 /PRNewswire/ -- Electro surgery deals with the interaction of electrons with tissue to achieve a desired clinical effect. Electrosurgical units (ESU's) are used for surgical cutting or to manage blood loss by causing coagulation (homeostasis) during surgery. The global electrosurgical devices market is divided into products, surgery and geography. The global electrosurgical devices products market is segmented into electrosurgical generators and monitors, instruments, plasma and smoke management systems and accessories.
The electrosurgical instrument is further classified into monopolar and bipolar instruments. Plasma based systems are further segmented in to argon systems and helium systems. By surgery, the electrosurgical devices market is broadly segmented into cardiovascular, cosmetic &dermatological, gastrointestinal, general, gynecological, neurosurgical, oncology, orthopedic, urological and others.
Among the electrosurgical products, the instruments market dominated the products market by occupying a largest share. At the same time, the electrosurgical instruments market is also expected to grow at the highest CAGR. Geographical wise North America is the largest market, followed by Europe and Asia. The APAC regions suggest an array of opportunities for growth and are likely to be getting into the eyes of new investors in the electrosurgical devices market. Growth in the Asian market is attributed to government for its support in establishing innovative technologies and demand for sophisticated medical services.
The electrosurgical devices market is expected to grow steadily in the forecast period. The factors driving the growth of this market are advancement in the electrosurgical devices, preference towards minimally invasive surgical procedures, increase in number of cosmetic procedures and steep rise in aging population and related surgeries. In addition to this, high prevalence of obesity and there of increase in bariatric surgeries along with growing demand for the electrosurgical products in the emerging regions are some of the opportunities that are propelling the growth of the market. However, the nonconductive health care system and reimbursement scenario in U.S, risk associated with the usage of electrosurgical devices and some of the product recalls are hampering the growth of the market. The threats for the electrosurgical market include technological advancement in the area of noninvasive technologies, the pricing pressure and stiff competition among the electrosurgical players.
The global electrosurgical market is a highly competitive market and all the existing players in this market are involved in developing new and advanced products to maintain their market shares. Some of the key players of the electrosurgical devices market are B. Braun Melsungen, Bovie Medical Corporation, ConMed Corporation, Johnson & Johnson (Ethicon) and Medtronic (Covidien).
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