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SOURCE Research and Markets
DUBLIN, May 8, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/n8qm7s/electrosurgery) has announced the addition of the "Electrosurgery Market by Product - Generator, Electrosurgical Instruments (Vessel Sealing, Bipolar Forceps, Electrode, Suction Coagulator), Accessories, Surgery (General, Gynecology, Orthopedic, Cardiovascular, Cosmetic) - Global Forecasts to 2019" report to their offering.
On the basis of type of product, the global electrosurgery market has been divided into three major segments, namely, electrosurgical generators, accessories and instruments, and argon and smoke management systems. The electrosurgical instruments and accessories segment accounted for the largest share of the global electrosurgery market in 2014. It is also expected to grow at the highest CAGR in the next five years, owing to the increasing technological advancements in electrosurgery equipments.
The electrosurgery instruments market comprises of bipolar instruments (advanced vessel sealing instruments and bipolar forceps) and monopolar instruments (electrosurgical pencils, electrodes, suction coagulators, and monopolar forceps). The electrosurgical accessories market includes patient return electrodes, cords, cables, adapters, foot switches, carts, and tip cleaners.
In the report, the global electrosurgery market has also been segmented on the basis of type of surgery, general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and others (ENT, dermatology, and ophthalmic surgeries).
The global electrosurgery market is estimated to grow at a CAGR of 5.9% from 2014 to 2019.
A number of factors such as the worldwide development of advanced energy based electrosurgical generators and instruments increase in the aging population (which is increasing the demand of age related surgeries) and rising demand of minimally invasive procedures are propelling the growth of the global market.
However, ongoing healthcare reforms in the U.S., regulatory product recalls, and rising price pressure on the market players are some of major factors restraining the growth of this market. In addition to this, stiff competition in the industry is the key challenge faced by the market players.
On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and RoW (Latin America, Middle East, and Africa). In 2014, the global market was dominated by North America. A number of factors such as high volume of surgical procedures, government funding, and technological advancements are driving the growth of the electrosurgery market in the North American countries.
However, the Asia-Pacific market is expected to grow at the highest CAGR from 2014 to 2019 due to factors such as developing healthcare infrastructure, rising government efforts to increase the population access to elective surgeries, and large population base in the Asia-Pacific countries.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Industry Analysis
6 Global Electrosurgery Market, By Product
7 Global Electrosurgery Market, By Type Of Surgery
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/n8qm7s/electrosurgery
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