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Global electrosurgical devices market: 5.4% CAGR growth forecast between 2012-16
Global Electrosurgical Devices Market 2012-2016 - a new market research report on 2014-03-26 08:53:02
The Global Electrosurgical Devices market is to grow at a CAGR of 5.45 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for minimally invasive surgery. The Global Electrosurgical Devices market has also been witnessing rapid advancements in technology. However, the risk of side effects could pose a challenge to the growth of this market.

One of the upcoming trends in the Global Electrosurgical Devices market is the rapid advancements in technology using electrosurgery devices. The biggest concern today is safety of patient and staff. Improved technologies have been developed that can cut and coagulate tissue faster and more successfully, with minimal thermal and electrical spread, and reduced interference with intra-operative monitoring equipment. Moreover, for safety purposes, medical device manufacturers have developed advanced energy modalities that consist of argon beam coagulation to stop bleeding, lasers for specific hemostatic partition, ultrasound for selective tissue aspiration, saline enriched coagulation, ferromagnetic technology for defined hemostatic splitting up with negligible collateral damage, without passing current through the tissue. In addition, there is a rise in commercialization of application specific electrosurgery units or specialty generators designed to be used with particular accessories for a specific treatment modality. Thus, the rapid advancement in technology is an emerging trend that has a strong impact on the market.

One of the major growth factors driving the market is increasing demand for minimally invasive surgery worldwide. Minimally invasive surgery offers numerous benefits to patients and surgeons including faster recovery, fewer post-surgery infections, less pain, reduced visible marks, bleeding control, and enhanced accuracy.

One of the major challenges is the increasing risk of side effects for electrosurgical devices. Such risks are hampering the acceptance of advanced electrosurgical devices.

The key vendors dominating this market space are Covidien plc, CONMED Corp., and Erbe Elektromedizin GmbH.

The other vendors are adeor Medical AG, Ambu A/S, ArthroCare Corp., B. Braun Melsungen AG, Boston Scientific Corp., Bovie Medical Corp., BOWA- electronic GmbH & Co. KG, Ethicon Inc., KLS Martin Group GmbH & Co. KG, Olympus Corp., Symmetry Medical Inc., and Utah Medical Products Inc.

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