Global Electrosurgical Generators Market Revenue Is 1630 M USD In 2018
Warning: date() expects parameter 2 to be long, string given in /www/wwwroot/www.globalinforesearch.com/static/themes/default/info_detail.php on line 32
Electrosurgical Generator is the application of a high-frequency electric current to biological tissue as a means to cut, coagulate, desiccate, or fulgurate tissue. Its benefits include the ability to make precise cuts with limited blood loss. Electrosurgical devices are frequently used during surgical operations helping to prevent blood loss in hospital operating rooms or in outpatient procedures.
In the last several years, global market of electrosurgical generators developed smoothly, with an average growth rate of 5.43%. In 2018, global revenue of electrosurgical generators is nearly 1630 M USD; the actual sales are about 240 thousand units. Globally, technological advancement in healthcare practices and increasing preference towards MIS are expected to remain the key growth drivers for the electrosurgical generator units during the period of study.
Market competition is intense. Medtronic, J &J (DePuy & Ethicon), B. Braun (Aesculap), ConMed, Olympus, ERBE, etc. are the leaders of the industry. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.
The classification of electrosurgical generators includes Monopole Electrosurgical Generator, Bipolar Electrosurgical Generator and Vessel Sealing Generator, and the proportion of Bipolar Electrosurgical Generator in 2018 is about 52.4%, and the proportion is increasing from 2014 to 2019.
Electrosurgical generators are widely used in Open Surgery and Minimally Invasive Surgery. The most proportion of electrosurgical generators is Open Surgery, and the consumption proportion in 2018 is about 67.4%.
North America is the largest consumption place, with a consumption market share nearly 40.4% in 2018 driven by world class healthcare infrastructure with technological advanced practice, higher spending by citizens of the region on healthcare, favorable government policies, higher number of operations in the regions and presence of key industry players in the region. Following North America, Europe is the second largest consumption place with the consumption market share of 29%. Asia Pacific is projected to have the fastest growth, owing to a rapidly developing medical infrastructure, increasing spending on healthcare and growing medical tourism in developing nations such as China and India in this region.