Global Electrosurgical Accessories Market: Overview

 

Electrosurgical accessories comprise a full range of electrosurgical equipment and consumables needed to achieve daily goals for a variety of applications, including general surgery, gynecology, cardiology, urology, dermatology and cosmetology, orthopedics, neurology, oncology, dentistry, and gastrointestinal surgery. The global electrosurgical accessories market is estimated to expand rapidly during the forecast period. Increase in prevalence and incidence of chronic diseases and rise in minimum invasive surgeries for treatment of diseases are driving the market. Moreover, increasing usage of electrosurgical devices in numerous medical disciplines has led to a massive rise in the demand for the global electrosurgical accessories market. The market is anticipated to expand at a significant CAGR by the end of the forecast period. High demand for minor surgeries are unmet, which in turn drives the demand for electrosurgical accessories.

 

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Global Electrosurgical Accessories Market: Key Trends

 

Additionally, a surge in the number of industry users of electrosurgical accessories and increase in the inclination toward advance products are likely to fuel the market during the forecast period. Increase in the number of primary end-users, such as hospitals, ambulatory surgery centers, and specialized clinics, is also driving the market. Increase in the adoption of technologically advanced instruments in developing countries, user-friendliness in case of minimum invasive surgery, rise in investments in R&D activities in developed as well as developing countries, and increase in the number of hospitals are projected to propel the global electrosurgical accessories market during the forecast period. Moreover, lower cost of electrosurgical accessories and an increase in government initiatives are likely to drive the global electrosurgical accessories market in the near future.

 

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Global Electrosurgical Accessories Market: Segmentation

 

The global electrosurgical accessories market can be segmented based on product, application, end-user, and region. Based on product, the global electrosurgical accessories market can be classified into electrodes, pencils, footswitches, return electrodes, suction coagulators, forceps, and others (cords, adapters, tip cleaners and others). In terms of application, the global electrosurgical accessories market market can be categorized into general surgery, gynecology, cardiology, urology, dermatology and cosmetology, orthopedics, neurology, oncology, dentistry, and gastrointestinal surgery. Based on end-user, the global electrosurgical accessories market can be divided into hospitals, ambulatory surgery centers, and specialized clinics.

 

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Global Electrosurgical Accessories Market: Regional Analysis

 

In terms of region, the global electrosurgical accessories market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of value, North America dominates the global electrosurgical accessories market. Factors attributable to the expansion of the market in North America include developed health care infrastructure, increased prevalence of diseases, high rate of adoption of advanced products, surge in health care expenditure, and rise in automation in the region. Europe also holds a significant share of the global electrosurgical accessories market, due to a rise in research activities in the region. The market in Asia Pacific is expected to expand between 2018 and 2026, owing to improved healthcare infrastructure in the region, increased awareness among people regarding healthcare and surgical devices, rise in medical tourism, and increase in the number of hospitals in countries such as India and Japan.

 

 In terms of products, the disposable electrosurgical accessories contribute significantly, in terms of revenue, toward the expansion of the global electrosurgical accessories market. Inclusive use of disposable electrosurgical accessories in the U.S. and increasing awareness about disposable electrosurgical accessories in other regions is driving the market in U.S. Reusable electrosurgical accessories are widely utilized in low and middle income countries and therefore, the segment accounted for a significant share of the global market.

 

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Global Electrosurgical Accessories Market: Competitive Landscape

 

Key players are adopting strategies such as development of user-friendly and cost-effective products, mergers and acquisitions, extensive R&D activities, and geographical expansion in order to consolidate their position in the global electrosurgical accessories market. Prominent players operating in the global electrosurgical accessories market include Bovie Medical Corporation, Medtronic, B. Braun Melsungen AG, Ebre Elektromedizin GmbH, Boston Scientific Corporation, Olympus, Johnson & Johnson, Symmetry Surgical Inc., OmniGuide Holdings, Inc., CONMED, KLS Martin, and BOWA-electronic GmbH & Co.KG.

 

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

 

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