Wednesday, September 19, 2018
Company News: Page (1) of 1 - 02/14/18 Email this story to a friend. email article Print this page (Article printing at page facebook
Electrosurgical Devices Market to exhibit a remarkable CAGR of 6.7% by 2024, globally: Transparency Market Research

(February 14, 2018)

Albany, NY, Feb. 14, 2018 (GLOBE NEWSWIRE) -- For the forecast tenure 2016-2024, TMR has prophesied the global electrosurgical devices market to exhibit a remarkable CAGR of 6.7% to be worth a US$7.9 bn by the completion of 2024. In 2017, the market had attained a valuation of US$5.0 bn. In terms of product, electrosurgical accessories have been expected to dominate the market with a fair revenue margin by reaching a valuation of US$4.2 bn by the final forecast year. By region, North America could continue with its dominance while growing at a 7.4% CAGR.

Spiraling Trend of Minimally Invasive Surgery Gives Market Shot in Arm

As an electrosurgical devices vendor, you could find favorable growth prospects birthing on the back of the rise in geriatric population which is frequently prone to several diseases because of weak immunity. The population has been predicted to reach close to a 2.0 bn by 2050, according to WHO. Then there’s this rapidly growing trend of minimally invasive surgeries commonly performed in flexible endoscopic procedures, laparoscopic procedures, and open surgical procedures and also in the fields of cosmetology and gynecology. Today, patients could opt for the best treatment options available because of the provision of cashless medical facility and medical insurance. This has allowed end users to make an unhesitant purchase of electrosurgical devices.

Request to View Sample of Report -

Furthermore, the development of advanced energy-based products and increasing government initiatives to improve access to elective surgery have been projected to up the demand in the world electrosurgical devices market.

Stringent Regulatory Requirements for Approval of Products Arrest Growth

U.S. manufacturers have been discouraged at large due to the long procedure of FDA approval of electrosurgical devices and stringent regulatory requirements. As a result, the manufacturers have been setting their hopes on Asia and Europe for a successful launch of their new products. Electrosurgical complications could be another factor that players need to take into account. During the delivery of energy to the tissue, the rate of electrosurgical complications has been reported by the Society of American Gastrointestinal and Endoscopic Surgeons to be an around 27.0%. Furthermore, surgeons with ordinary skillsets could limit the growth of the international electrosurgical devices market.

Download PDF Brochure of Report:

However, there could be ample of opportunities to recover in the international electrosurgical devices market as emerging economies offer sustained growth prospects. Moreover, the shift toward cosmetology surgeries and technological advancement have been expected to promise growth in the coming years.

The global electrosurgical devices market has been foreseen in a report by Transparency Market Research (TMR) to hold a less intensive nature of competition and highly fragmented landscape. The analysts authoring the report anticipate this to be a result of the existence of several global and local companies in key regions of the market. If you are a new entrant in the market, you could encounter relatively low entry barriers. However, they may not help you to shy away from rising research and development expenses, excessive competition on the basis of price, and high degree of fragmentation. The launch of new electrosurgical devices such as ERBE Elektromedizin GmbH’s APCapplicator has given an indication that the focus is on improved coagulation, cutting properties, and multimodality application.

Buy Electrosurgical Devices Market Research Report:

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

CONTACT: Contact UsNachiket GhumareTransparency Market ResearchState Tower90 State Street,Suite 700,Albany, NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free: 866-552-3453Email: [email protected]: http://www.transparencymarketresearch.comResearch Blog:

Page: 1

Related Keywords:
Related Sites: Digital Producer ,   Digital Post Production ,   Oceania ,   DMN Newswire ,   VideoBasedTutorials ,   HTN - Health Technology Net
Related Newsletter: DMN Newsletter ,   Digital Media Net ,   Tutorial Finder ,   Review Seeker ,   DMN Newswire Newsletter

  • ChenMed to Invest More Than $200 Million to Bring Affordable Concierge-Style Health Care to Philadelphia Seniors
  • Consuelo M. Alvarez, M.D., MBA, is recognized by Continental Who's Who
  • IV Infusion Pump Accessories Market is poised to register a CAGR of 4.5% by 2025 – Persistence Market Research
  • Effie Chow Qigong Healing System Available On Mediterranean Celebrity Cruise Line Says Sharon Kleyne & Rose Hong
  • The Methuselah Foundation Successfully Closes its Boutique Venture Fund, the Methuselah Fund, Focused on Companies That Can Extend the Healthy Human Lifespan

  • Sequana Medical reports positive data on use of the alfapump® in malignant ascites patients at the International Gynecologic Cancer Society
  • BioPlus Specialty Pharmacy Announces New President: Mark Montgomery
  • Astellas Promotes Geoff Towle to Vice President of Oncology Marketing at Astellas US
  • Chardan Advises NovellusDX in Cross-Border Biotech Merger
  • Eroll Grow Tech (Seedo) Merges Its Activities With GRCR Partners; Cannabics Pharmaceuticals to Own 13.6% in the Merged Company

    Our Privacy Policy --- About The Health Technology - Contact Us - Advertise With Us - Privacy Guidelines