What is the Surgical Energy Instruments/Electrosurgical Devices Market Forecast?

 

North America is expected to dominate the Overall Global Surgical Energy Instruments/Electrosurgical Devices Market

Among all the regions, North America is expected to occupy a major share in the overall electrosurgical devices market during the forthcoming years. This domination is due to the growing prevalence of chronic indication in the region, rise in aesthetic surgeries. In addition, the high adoption rate of advanced technology and the presence of skilled professionals are expected to drive market growth during the forecast period. 

Further, in the United States, FDA issuance of updated guidance on 510(k) submissions for electrosurgical devices in 2020, advising manufacturers on how to prepare the 510(k) submissions for electrosurgical cutting and coagulation devices and accessories used in general surgery is expected to drive the electrosurgical devices market in the region. 

In addition, growing surgical procedures for altering cosmetic appearances in the region are also expected to bolster the electrosurgical devices market. For instance, as per the data published by the International Society of Aesthetic Plastic Surgery in the year 2019, a total of 1,351,917 surgical procedures were done using electrosurgical devices. 

Moreover, the presence of key Surgical Energy Instruments/Electrosurgical Devices market players such as Medtronic, Johnson & Johnson, and CONMED Corporation, Apyx Medical Corporation, among others actively manufacturing electrosurgical devices are also expected to bolster the electrosurgical devices market in the region.

 Also, approval of products by the FDA regulatory authority will augment the market for electrosurgical devices in the region. For instance, in October 2019, Apyx Medical Corporation received 510(k) Clearance for the Apyx Plasma/RF Handpiece a sterile, single-use electrosurgical (monopolar) device intended to be used along with compatible generators for the percutaneous delivery of radiofrequency energy and/or helium plasma for cutting, coagulation and ablation of soft tissue. 

Thus, all the above-mentioned factors are likely to propel the market for electrosurgical devices in the region. 

Additionally, the Asia-pacific region has future potential for the electrosurgical devices market. This is due to the rising number of geriatric population and age-related surgeries performed. Moreover, companies focused on developing advanced next-generation integrated electrosurgery system is also expected to fuel the market for electrosurgical devices. Also, improving the healthcare system, increase in disposable income, and others are also projected to drive the market for electrosurgical devices in the region.

Read More- Surgical Energy Instruments/Electrosurgical Devices Market Share