The global electrosurgery market is likely to boost due to the growing demand for cosmetic surgeries, increased research activities.

The global electrosurgery market size was valued at USD 6.73 billion in 2019 and projected to reach USD 10.02 billion by 2027, growing at a CAGR of 5.1% during the forecast period, 2020-2027. It is due to the increasing demand for minimally invasive surgeries and increasing R&D activities. Further, the technological advancements in electrosurgical instruments and increased investment in the healthcare sector will augment the growth of the global electrosurgery industry in the forecast periods. Additionally, the increase in the prevalence of chronic diseases and the rise in medical, cosmetic, and age-related surgeries are expected to foster global market growth. The shifting preference towards outpatient surgeries in developed regions will bolster the worldwide electrosurgery market share in the coming years. Moreover, the rising number of ambulatory surgery centers and the large pool of geriatric population will stimulate the market share. Furthermore, the increased popularity of cheap medical tourism in emerging countries and the rise in the preferences towards electrosurgery over conventional surgical techniques will accelerate the growth of the global electrosurgery industry.

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Product Overview in the Global Electrosurgery Market

Based on the product, the global electrosurgery market is segregated into electrosurgical generators, electrosurgical instruments, and electrosurgical accessories. The electrosurgical instruments segment is estimated to witness the highest growth over the analysis timeframe. It is due to the increased usage volume of electrosurgical instruments and technological advancements in electrosurgical devices.

Type of Surgery Overview in the Global Electrosurgery Market

Based on the type of surgery, the global electrosurgery market is categorized into general surgery, obstetrics/gynecology surgery, urological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other surgeries. The obstetrics/gynecology surgery segment held a significant market share in 2019 and will gain maximum market revenue by 2027. It is attributable to the growing prevalence of gynecological diseases.

End-User Overview in the Global Electrosurgery Market

Based on the end-user, the global electrosurgery market is segmented into hospitals, clinics, & ablation centers, ambulatory surgical centers, and research laboratories & academic institutes. The hospital segment will dominate the global electrosurgery market by 2027. It is due to the growing number of electrosurgery procedures performed in hospitals. In addition, the existing and newly developed hospitals strive to maintain high-quality product drives the market.

Region Overview in the Global Electrosurgery Market

By geography, the global electrosurgery market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2020-2026. It is due to healthcare systems improvements, leading industry players offering innovative products, and the growing demand of patients for minimally invasive surgeries.

Global Electrosurgery Market: Competitive Landscape

Companies such as Olympus Corporation, Medtronic, B. Braun Melsungen AG, KLS Martin Group, Ethicon, CONMED Corporation, Ethicon LLC, Applied Medical Resources Corporation, Apex Medical Corporation, Boston Scientific, Smith & Nephew plc, BOWA-electronic GmbH & Co KG, and Elektromedizin GmbH are the key players in the global electrosurgery market.