Electrosurgical devices use high-frequency electric current to coagulate, cut, control, and remove bleeding in a host of surgical applications including dermatology, gynecology, orthopedic, cardiac, neurology, general surgery, cosmetology, and urology.
Primarily driven by the surge in global geriatric population, the electrosurgical devices market is anticipated to register a healthy growth rate during the forecast period of 2012 to 2018. The research report identifies the most prominent factors boosting the global electrosurgical devices market and analyzes their impact on the overall development. It also determines the factors that act as inhibitors in the growth trajectory of the electrosurgical market and recommends ways to overcome these challenges.
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With the help of an array of market intelligence tools such as Porter’s Five Forces, value analysis, market attractiveness, and SWOT analysis, the report offers a 360-degree overview of the scope and dynamics of the global electrosurgical devices market. Backed by the latest and accurate statistics, the report serves as a qualitative as well as quantitative guidance tool for all engaged in the electrosurgical devices market.
Overview of the Electrosurgical Devices Market
There are a number of forces working in favor of the global electrosurgical devices market, such as growing demand for minimally invasive surgical procedures, development of advanced energy-based electrosurgical devices, and rise in global geriatric population. Companies engaged in the development and marketing of electrosurgical devices have been eyeing expansion in some of the emerging markets including India, Mexico, China, and Brazil, where factors such as government initiatives, availability of low-cost surgeries, massive population base, development of modern healthcare infrastructure, and trend of medical tourism all contribute towards the growth of the electrosurgical devices market.
However, the increasing trend of bulk-purchasing through integrated health networks (IHNs) and group purchasing organizations (GPOs) threatens to challenge the development of the electrosurgical devices market. In addition, rising government pressure to minimize healthcare costs and rising incidences of product recall also hamper the growth of the global market.
Driven by government funding, high volume of surgical procedures, and technological advancements, North America leads the global electrosurgical devices market. However, Asia Pacific is likely to develop at the fastest rate through 2018 owing to a rapidly developing healthcare system, growing demand for elective surgeries, and larger patient pool.
Companies Mentioned in the Report
Some of the top companies competing in the global electrosurgical devices market are Conmed, Covidien, KLS Martin, BOWA- electronic, Symmetry Medical, Ethicon, Ambu, Olympus, Boston Scientific, Utah Medical Products, ArthroCare, adeor Medical, B. Braun Melsungen, Bovie Medical, and ERBE Elektromedizin.
While profiling the leading players, the research report on the electrosurgical devices market offers information pertaining to company overview, business strategies, product portfolio, financial standing, recent developments, mergers and acquisitions, and prevailing trends.
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