Growing Volume of Surgeries Drives Electrosurgical Devices Market, States KBV Research in Its Study Available at MarketPublishers.com31 Mar 2017 • by Natalie Aster
LONDON – A hike in the volume of surgical operations is amid the key drivers of the worldwide market for electrosurgical devices.
As of 2016, 25,478 abdominoplasties, 11,300 facelift procedures, 31,000 liposuction surgical procedures were performed, and 57% of all patients underwent breast surgery.
Additionally, technology advances, soaring demand for minimally invasive surgery procedures, healthcare infrastructure investments, and a hike in the demand for non-elective procedures are also giving a boost to the expansion and growth of the electrosurgical devices marketplace. The market is also set to see a rise in the weight loss surgeries owing to increasing rates of obesity. Therefore, it is likely to be a great opportunity for the market. Furthermore, emerging computer-aided or robotic minimally invasive procedures are fuelling the global demand for electrosurgical devices. Nevertheless, healthcare reforms taking place in the USA and the risk related to the usage of electrosurgical devices are amid the factors that are projected to restrain the growth of the market.
Asian countries are playing an essential role in the market growth. Increasing disposable income levels, surging government expenditure on the healthcare sector, and an upsurge in the number of chronic illnesses are among the main factors driving medical devices demand in the region. To date, Japan is promoting the universal health coverage (UHC) globally for more affordable and high-quality health services. The APAC region is also poised to stimulate the demand for the world electrosurgical devices market.
Medtronic Plc, KLS Martin Group, Olympus Corporation, Johnson & Johnson, Conmed Corporation, Erbe Elektromedizin GmbH, B. Braun, Bovie Medical Corporation, Inc, and Utah Medical Products, among others, are the prominent players in the marketplace.
Topical report “Global Electrosurgical Devices Market (2016 - 2022)” by KBV Research sheds light on the market worldwide, categorising the sector based on product, application, end-user, and by geography.
The research study casts light on the market dynamics, major factors shaping the market, developments and trends, lucrative opportunities and key challenges in tandem with other essential themes relating to the marketplace. The publication canvasses the competitive scene, profiles the top 9 players active in the marketplace covering business overview, financial information, analysis by segments and regions, and R&D activities. The report also offers extensive forecasts of the market development through to 2022.
More insightful research studies by the publisher can be found at KBV Research page at MarketPublishers.com.