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Global Electrosurgery Industry To Grow At A Healthy Rate During Forecast Period

Dec. 14, 2020 1:21 AM ETMedtronic plc (MDT), OCPNF, CNMD, BSX, SNNAPYX
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  • Emerging Countries.
  • Expected Increase in the Number of Bariatric Procedures Due to the Growing Prevalence of Obesity.

Growth Boosters for Global Electrosurgery Market:

The growth in this market is driven by technological advancements in electrosurgical instruments; the increasing demand for minimally invasive surgeries; the growing number of medical, cosmetic, and age-related surgeries performed; and the rising number of ambulatory surgery centers. However, risks associated with electrosurgical procedures are expected to restrain the growth of the market.

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the electrosurgery market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# The key players in the industry and markets have been identified through extensive secondary research.

# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.

# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the electrosurgery market.

What the Market Looks Like?

The global electrosurgery market is projected to reach USD 8.8 billion by 2025 from USD 6.4 billion in 2019, at a CAGR of 5.2%.

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Geographical Growth Scenario:

The Asia Pacific region is expected to grow at the fastest rate during the forecast period.

The electrosurgery market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is one of the major revenue-generating regions in the market. This market is expected to show high growth in the coming years, mainly due to the increasing patient population, growing demand for minimally invasive surgeries, improvements in healthcare systems, and growing research activities.

Major Objectives Behind This Study:

# To define, describe, and forecast the electrosurgery market on the basis of product, type of surgery, end user, and region.

# To provide detailed information regarding the major factors influencing the growth of this market (such as drivers, restraints, opportunities, and challenges).

# To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market.

# To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.

# To forecast the revenue of market segments with respect to four main regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.

# To strategically profile the key players and comprehensively analyze their market shares and core competencies.

# To track and analyze competitive developments such as product launches, approvals, & enhancements; agreements, partnerships, collaborations, & contracts; acquisitions; and R&D activities in the electrosurgery market

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