Electrosurgery Market: Technological Advancements, Emerging Trends, Challenges & Opportunities

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This report studies the global electrosurgery market over the forecast period of 2016 to 2021. The market is expected to reach USD 5.17 Billion by 2021, at a CAGR of 3.9% during the forecast period.

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Major Players:

The major players in the global electrosurgery market include Covidien plc (Medtronic) (Ireland), Ethicon, Inc. (U.S.) (subsidiary of Johnson & Johnson (U.S.)), Olympus Corporation (Japan), CONMED Corporation (U.S.), Erbe Elektromedizin GmbH (Germany), Bovie Medical Corporation (U.S.), B. Braun Melsungen AG (Germany), and BOWA-electronic GmbH & Co. KG (Germany).

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Geographical Analysis:

On the basis of region, the electrosurgery market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the global electrosurgery market in 2016, followed by Europe and Asia-Pacific.

The Asia-Pacific market is expected to register the highest CAGR during the forecast period. The rising demand for cosmetic and plastic surgery, increasing government efforts to raise the standard of healthcare, and the presence of a huge population base are the key factors driving the growth of the electrosurgery market in Asia-Pacific countries.

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Market Dynamics:

Factors such as technological advancements in electrosurgery devices, growing number of medical, aesthetic and plastic surgeries, rising demand for minimally invasive surgeries, and growing number of ambulatory surgery centers are driving the growth of this market.

On the other hand, healthcare reforms in the U.S., frequent product recalls, and risks associated with electrosurgical procedures are some of the key factors limiting the growth of the global electrosurgery market. Furthermore, increasing price pressure on manufacturers & suppliers and stiff competition among market players are some key challenges faced by market players.

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