Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7 Billion | USD 10 Billion | 6.12% | 2021 |
FrequentlyAsked Questions
The increasing domination of minimally invasive surgeries transformed conventional tools like lasers and surgical blades into electrosurgical devices, which in turn will exponentially boost the growth of the global electrosurgical devices market in the forthcoming years.
The global market was valued at $7 billion in 2021 and is projected to surpass $10 billion by 2028.
Some of the significant players in the global electrosurgical devices market include Smith & Nephew Plc., Olympus Corporation, Medtronic Plc., Johnson & Johnson, Erbe Elektromedizin GmbH, CONMED Corporation, BOWA-electronic GmbH & Co. KG, Bovie Medical Corporation, Boston Scientific Corporation, and B. Braun Melsungen AG.
North America accounts for the largest share in the global electrosurgical devices market due to the adoption of novel technologies, increasing geriatric population, and highest surgery rates in the region. Additionally, the rising incidence rate of cardiovascular diseases is further likely to complement the growth of the regional market in the forthcoming years.
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