Electrosurgical Generators Market in U.S. to exceed $1.2 Bn by 2026
Published Date: February 4, 2020 Authors: Sumant Ugalmugle, Rupali Swain
U.S. Electrosurgical Generators Market size is set to surpass USD 1.2 billion by 2026, according to a new research report by Global Market Insights, Inc.
The United States electrosurgical generators market size is mainly attributed to growing prevalence of diseases and increasing geriatric population in the country. Moreover, increasing investment in R&D activities to develop technologically advanced generators for better surgical outcomes will escalate the product demand over the forecast period.
Growing preference towards minimally invasive surgeries will foster the usage of electrosurgical generators
Rising disease burden across the country will primarily drive the electrosurgical generators industry growth in U.S. during the projected period. Growing adoption of minimally invasive procedures that reduce the recovery time and minimize blood loss will increase its adoption. Moreover, rapidly growing geriatric population prone to chronic disorders will further increase the demand for age-related surgeries. Wide-ranging applications of electrosurgical generators in aforementioned surgical procedures will thus augment the market progress.
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Moreover, technological advancement in electrosurgical generators will serve to be another positive impact rendering factor in the market growth. Innovations in the electrosurgical field have reduced the use of traditional cutting tools. Electrosurgical generator offers automated adjustment of power output and regulates the effect of radio frequency (RF) energy on tissues. It forms a closed loop system that decreases the risk of burns and ensures patient safety. The advancements in bipolar electrosurgical devices ensure constant delivery of electrical current. Focus of industry players on development of advanced generators and existing product improvizations will prove beneficial for the market progress.
Browse key industry insights spread across 72 pages with 21 market data tables & 17 figures & charts from the report, “U.S. Electrosurgical Generators Market Size By Type (Bipolar, Monopolar), By Application (Optical, Gynecology, Dermatology, Cardiac, Dental, ENT, Maxillofacial, Orthopedic, Urology, Neurology), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Usage of monopolar electrosurgical generators for safe and efficient surgeries will increase the product demand
Based on type, the U.S. electrosurgical generators market share is divided into bipolar and monopolar generators. The monopolar generator segment is estimated to witness more than 7% CAGR over the forecast timeline. Increasing usage of monopolar generators with regulated voltage, in cuts, desiccations, fulguration and blend procedures will favor the market growth. The monopolar generators operate by circulating current from generator to the electrode through desired tissue and return to the generator via patient return pad. The versatility and efficiency of the instrument in various surgeries will thus, accelerate market expansion over the coming years.
Advancement in dermatology and surge in demand for cosmetic surgeries will offer opportunities for market expansion
The U.S. electrosurgical generators market share from dermatology segment was valued around USD 120 million in 2019 and is projected to witness lucrative growth during the analysis timeframe. Electrosurgical instruments are widely used in removal of skin lesions, acne, hemangiomas and pyogenic granulomas and scar revision. Increasing demand for cosmetic surgeries owing to growing concerns regarding aesthetics is anticipated to upsurge market growth during the forthcoming years.
Benefits offered by ambulatory surgical centers will increase patient preference towards these healthcare facilities
Ambulatory surgical centers (ASCs) held significant revenue share in 2019 and is projected to exceed USD 470 million by 2026. ASCs are advanced healthcare services that offer cost-effective treatments and quick patient recovery. Growing patient demand for surgeries being performed in ASCs as well as an alternative to hospital-based care units will spur the market size.
Emphasis of key market players on offering innovative products will accelerate the U.S. electrosurgical generators market growth
Few of the notable industry players operating in the U.S. electrosurgical generators market include Conmed Corporation, Erbe Elektromedizin, Cooper Surgical, Elliquence, Medtronic, Ethicon, Olympus Corporation, Smith & Nephew and Symmetry Surgical. Industry players are majorly focusing on strategic alliances such as mergers, acquisitions, collaborations as well as novel product launches to strengthen existing product portfolio. For instance, in July 2018, Symmetry Surgical acquired Bovie, with an aim to expand its existing electrosurgical device portfolio.
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