Electrosurgical Generators Market industry analysis research and trends report

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Electrosurgical Generators Market forecasts to
witness major growth in coming years
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Electrosurgical Generators
Market

• Increasing cases of chronic disorders among the
  geriatric population along with growing
  inclination towards minimally invasive procedures
  is anticipated to accelerate the demand for
  electrosurgical generators. Technological
  innovation in the healthcare sector has led to
  the development of advanced electrosurgical
  generators that can automatically adjust the
  power output and reduce the dependency on
  conventional cutting tools.
• Strong economic growth across developing nations
  has endowed a major part of the population with
  high disposable income. This has encouraged
  patients to spend more on healthcare services. In
  a bid to look young and remove scars, people have
  started to opt for cosmetic surgeries. Increasing
  demand for cosmetic surgeries could boost the
  demand for electrosurgical generators in the
  coming years.

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Continued...

• Rising cases of orthopedic injuries and road
  accidents could also play a crucial role in
  facilitating the demand for cosmetic surgeries.
  Whereas, additional product benefits like ease of
  usage, minimal chances of infection, low risk to
  patients and speedier recovery time might improve
  the overall outlook of electrosurgical generators
  market.
• Based on type, electrosurgical generators market
  is categorized as bipolar and monopolar
  generators. Out of the two, bipolar is expected
  to witness considerable growth within the
  forecasted timeframe. In 2018, the segment
  accounted for over 60 of the market revenue
  share. One of the key reasons for this growth
  could be due to rapid technological advancements
  done bipolar electrosurgical generators market.
  Notably, the latest models of bipolar generators
  offer precise output with minimum damage to the
  bodys tissues.

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Continued...

• In terms of application, electrosurgical
  generators market is segmented into gynecology,
  optical, cardiac, dermatology, ENT, dental,
  orthopedic, maxillofacial, neurology and urology.
  It is estimated that the optical application
  segment may reach 462.5 million by 2025. A
  considerable share of this growth could be due to
  the adoption of electrosurgery generators in
  ophthalmic procedures for dissecting, cutting,
  fulgurating, coagulating, ablating, and shrinking
  tissues. In addition, rising cases of eye-related
  disorders and increasing need for minimal
  invasive procedures could facilitate the demand
  for electrosurgery generators in the optical
  industry.
• Based on end-use, ambulatory surgical centers are
  projected to advance by 10 over the predicted
  timeframe. Nowadays, patients mostly prefer a
  visit to ambulatory surgical centers as they
  provide high-quality treatment at nominal prices.
  At these centers, patients avoid staying after
  undergoing a minor surgery. Factors that may
  fast-track the demand for electrosurgery
  generators at these centers in the coming years.

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Continued...

• Few of the major players operating in the
  electrosurgical generators market include
  Symmetry Surgical Inc. (Bovie), Medtronic, CONMED
  Corporation, Ethicon (JJ), Erbe Elektromedizin
  GmbH and Olympus. These firms have started to
  implement multiple inorganic and organic growth
  strategies such as acquisition and collaboration.
  Some firms are also shifting their focus towards
  developing innovative and new products by
  investing in different RD activities.

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