United States Electrosurgery Generators Market to Hit US$ 1.2 Bn by 2026: Global Market Insights, Inc.

SELBYVILLE, Del., February 6, 2020 (Newswire.com) - ​​​Global Market Insights, Inc. has recently added a new report on the electrosurgery generators market in United States which estimates the market valuation for electrosurgical generators in the U.S. will cross US$ 1.2 billion by 2026. Growing disease burden and an increase in the number of surgical procedures will primarily drive the market growth over the forecast period.

Growing preference for minimally invasive surgeries (MIS) is one of the driving factors in the U.S. electrosurgery generators market growth. The minimally invasive surgeries involve reduced blood loss and quicker recovery time as compared to conventional surgeries. Usage of electrosurgical generators in MIS is increasing owing to its benefits such as ease of usage, minimal chances of infection, speedy recovery time and a low risk to patients. Moreover, technological advancements in the field of electrosurgery will further spur the market size.

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Some major findings of the U.S. electrosurgery generators market report include:

1)   Rapid technological advancements in the field of electrosurgery.

2)   Increasing number of surgeries in the U.S.

3)   Growing demand for cosmetic surgeries.

4)   Wide-ranging applications of electrosurgical generators.

Furthermore, technological developments in electrosurgical generators offer regulated electric current and accuracy in surgical procedures. Such benefits of electrosurgical devices will increase its adoption over the traditional procedures, thus fostering industry growth. However, stringent government regulations for product approval and side effects of the current flow may hamper the U.S. ​electrosurgery generator market growth to a certain extent over the forecast period.

The monopolar electrosurgical generators segment accounted for around USD 295 million in 2019. The segment is expected to grow substantially during the analysis period, owing to rising demand for monopolar generators in extensive surgeries. The monopolar generator includes active and return electrodes attached to patients. These electrosurgical generators operate by concentrating current to damaged tissue and hence, lowers the risk of surgery complications or tissue damage. The ability of monopolar generators to coagulate the fluid irrespective of the surgery medium will escalate product demand, thus, accelerating the segment growth.

The gynecology segment held significant revenue share in 2019 and is estimated to witness around 8% CAGR over the analysis timeframe. Segment growth is attributed to increasing usage of energy-based or electrosurgical devices in the field of gynecology for quick operational preparations. Additionally, the adoption of electrosurgical generators to improve the precision of application and avoid unnecessary tissue injuries is on the rise. Thus, growing inclination towards safe and painless surgeries offered by electrosurgical instruments will augment the overall business 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 Share & Forecast, 2020 – 2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/us-electrosurgical-generators-market

The hospitals dominated the end-use segment and is projected to exceed USD 350 million by 2026. Increasing disease prevalence in the U.S. has surged the demand for surgical treatments. Well-developed infrastructure and availability of technologically advanced equipment in hospital settings will increase patient preference towards these healthcare facilities. Growing adoption of electrosurgical generators in hospitals to prevent burns and damages during surgeries and ensure patient safety will augment the overall market size.

Some major findings of the U.S. electrosurgery generators market report include:

• Technological advancements in the electrosurgical field and availability of electrosurgical devices with automated power output adjustment have reduced the use of traditional cutting tools.
   
• Innovations in electrosurgical generators have gained popularity among surgeons and clinicians leading to growing adoption in minimally invasive procedures.
   
• Presence of high-end technology and advanced healthcare infrastructure in the U.S. will positively impact the market expansion.
   
• Growing preference for electrosurgical units in wet field surgeries will result in accelerated product demand.

Some of the prominent players operating in U.S. electrosurgery generators market share include CONMED Corporation, Erbe Elektromedizin, Smith & Nephew, Elliquence, Utah Medical Products and Cooper Surgical. The companies majorly focus on innovative product launches mergers, acquisitions and partnerships to strengthen their product portfolio and maintain market position.

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Chapter 3. U.S. Electrosurgical Generators Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.    Growth drivers

3.3.2.    Industry pitfalls and challenges

3.3.2.1.    Side-effects of using bipolar & monopolar mode

3.3.2.2.    Stringent government regulations for product approval

3.4. Growth potential analysis

3.4.1.    By type

3.4.2.    By application

3.4.3.    By end-use

3.5. Regulatory scenario

3.6. Product portfolio analysis, by leading electrosurgical generator models

3.7. Porter’s analysis

3.8. Competitive landscape, 2018

3.8.1.    Competitive share analysis, 2018

3.9. PESTEL analysis

Chapter 4. U.S. Electrosurgery generators market, By type

4.1. U.S. electrosurgery generators market share, by type, 2019 & 2026

4.2. Bipolar

4.2.1.    Market size, 2015 – 2026 (USD Million)

4.3. Monopolar

4.3.1.    Market size, 2015 – 2026 (USD Million)

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Source: Global Market Insights, Inc.