Published on : Mar 13, 2018
Albany, New York, March 13, 2018: An up-to-date research study based on the global market for monopolar electrosurgery has been recently added to the vast collection of Market Research Hub (MRH). The study is titled as “Monopolar Electrosurgery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, which offers a holistic outlook on the market covering market trends, factors along with industry growth prospects from 2012 to 2017, and forecast to 2025. The report also highlights opportunities in the monopolar electrosurgery market at the global and regional level.
Geographical Expansion and Market Dynamics
Some of the prime regions emphasized in the study include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. For each region, the market size and forecast has been provided for the period 2015 to 2025, in terms of product type, application, end-user, and countries/sub-regions along with the CAGR (%). According to the recent study findings, rising at a CAGR of 4.2%, the global monopolar electrosurgery market is likely to reach US$2.29 bn by the end of 2025. One of the prime factors observed in this market study includes the rising adoption of technologically advanced products in the healthcare sector will create smart opportunities for the market’s growth.
Monopolar is the most commonly used electrosurgical modality. Monopolar electrosurgery devices work on principle, where RF energy is used to cut and coagulate the tissues during surgical procedures. Nowadays, as the awareness about advanced surgical techniques in developing nations has been increasing, the demand for monopolar electrosurgery is also evolving. Various innovations are in process which promises to reduce complications of monopolar devices. It has been also stated in the study that the market will considerably benefit from the rising demand for minimally invasive surgeries.
Regionally, North America held lead in 2016 due to the rising demand from surgeons for technological advanced minimally invasive devices. However, during the coming years, Asia Pacific is likely to offer lucrative prospects. Also, the research finds that the market is witnessing a high demand for medical instruments that come in direct contact with patient’s body as it reduces the chances of infection. This, in turn, has boosted the sales of single-use instruments, in turn creating an environment favorable to the growth of the global monopolar electrosurgery market.
According to the report, the global phosphorescent pigments market remains highly fragmented and unorganized with a number of players accounting for a maximum revenue share of the global market. At present, major players having presence in the global monopolar electrosurgery market include Medtronic, Olympus Corporation, Erbe Elektromedizin GmbH, CONMED Corporation, BOVIE MEDICAL, Encision Inc., Ethicon, Inc., BOWA-electronic GmbH & Co. KG, Aesculap, AG (B. Braun Melsungen AG), Meyer-Haake GmbH, among others. A list of recommendations has also been included for new entrants as well as existing market players to help them establish a solid presence in the market and increase their market share.
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