Cinacinnati, OH, May 04, 2015 --(PR.com
)-- IQ4I Research & Consultancy published a new report on “Electrosurgical Devices Global Market – Forecast To 2020” which analyzes and studies the major market drivers & Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific and Rest of the World.
IQ4I’s Report Contains 104 market data tables and 32 figures spread through 291pages and an exhaustive TOC on “Electrosurgical Devices Global Market [PRODUCTS (Generators & Monitors, Instruments, Plasma & Smoke management Systems & Accessories); SURGERY (Cardiovascular, Cosmetic & Dermatology, Dental, Gastrointestinal, General, Gynecological, Neurosurgical, Oncology, Orthopedic, Urological and Others); REGIONAL (North America, Europe, Asia Pacific and Rest of the World)]
From the first instrument developed, the electrosurgical devices had undergone various technological advancements and the risks associated with devices had become minimal. In general, life threatening diseases among the baby boomer population is rising along with the treatments. There is a growing preference for cosmetic procedures as one of the fastest growing non therapeutic surgery. This in turn increases the demand for minimally invasive surgeries for life threatening diseases such as cancer and cardiovascular diseases along with cosmetic procedures. All the above said factors drive the market for electrosurgical devices. That said, the minor risks associated with electro surgery, electrosurgical product recalls from leading players and decreased reimbursement rates for advanced electrosurgical techniques restrains the electrosurgical market growth.
In 2014, North America holds the largest share of the electrosurgical devices market followed by Europe. Availability of government funds, rising volume of surgical procedures and demand for minimally invasive surgeries improved the market growth in this region. Asia pacific is the fastest growing region due to increasing trends of medical tourism, increasing government funds and rising aged population with life threatening diseases.
Major players in electrosurgical devices market include Covidien PLC (Ireland), Conmed Corporation (U.S.), Olympus Corporation (Japan), Johnson & Johnson (U.S.), and Erbe Elektromedizin Gmbh (Germany). Other prominent players include B. Braun Melsungen Ag (Germany), Boston Scientific Corporation (U.S.), Bovie Medical Corporation (U.S.), Smith & Nephew, PLC (U.K.), Symmetry surgical (U.S), Utah Medical Products (U.S), and Bowa-Electronic Gmbh & Co. Kg (Germany). There is a strong presence of electrosurgical players in U.S followed by Germany with most number of leading players. In 2014, several acquisitions, mergers and separations happened among the electrosurgical players and these corporate resurfacing will have an impact on the market in the coming years. The most notable are the recent acquisition of Covidien by Medtronic and separation of symmetry surgical from Symmetry medical as an independent company.
Reasons for buying this report:
· Market assessment of all segments and sub segments of Electrosurgical Devices market
· In-depth market sizing analysis of various segments and sub segments of Products, Surgery type and Regional markets
· Regulatory scenario across the globe
· Latest and Upcoming Products
· Market share analysis of key players
· Major player profiles and their competitive landscaping