European Electrosurgical Devices Market is Likely to Reach CAGR of 7.2% by 2022

European Electrosurgical Devices Market by Type {Electrosurgical Generators, Electrosurgical Instruments & Accessories [Electrosurgical Instruments (Bipolar Instruments, Monopolar Instruments), Electrosurgical Accessories (Patient Return Electrodes or Dispersive Electrodes, Cords, Cables, and Adapters, Others)], Argon & Smoke Management Systems}, by Application (General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery and Others) - Opportunity Analysis and Industry Forecast, 2014-2022

The growth of the market can be attributed to the surge in rate of chronic disorders, aging population, and volume of surgical procedures. Furthermore, persistent R&D in this field for the technological advancement in the electrosurgery devices and rise in volume of minimally invasive surgeries and aesthetic & cosmetic surgical procedures are anticipated to create new opportunities during the forecast period. However, pitfalls such as stringent government regulations limit the European electrosurgical devices market.

What is the Size of European electrosurgical devices market?

The European electrosurgical devices market size is estimated to grow at a CAGR of 7.2% during the forecast period.

Segment Review

Electrosurgical instruments & accessories is the top potential target market for investment for the key players. Their demand is expected to increase due to rise in the adoption of electrosurgical devices in all types of surgical procedures performed across Europe and the requirement of innovative and customized electrosurgical instruments & accessories, which correspond to the needs of surgeons also boost the growth of this market.

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By country, Germany has accounted for the largest share of the electrosurgical devices market in Europe in 2015. Investment in healthcare sector mainly drives the growth in the market. The European Union health sector is largely contributed by public and private funding representing nearly 10% of GDP. Improvements in healthcare infrastructure largely impact the market growth.

Which are the Key Players in European Electrosurgical Devices Market?

The Leading Players in European Electrosurgical Devices Market are B. Braun Melsungen AG (Germany), Bovie Medical Corporation (U.S.), Megadyne Medical Products Inc. (U.S.), and others.

Market Drivers and Restrains

Rise in number of surgical procedures across the globe

Increase in geriatric population in Europe has resulted in the rise in demand for surgeries and minimally invasive surgeries. Moreover, the plastic & reconstructive surgeries, which are generally performed for aesthetic/cosmetic purposes, have also gained popularity. Many key players in the surgical equipment market, therefore, shift their focus on emerging economies to expand their businesses.

Stringent Rules & Regulations for product approval

Stringent rules of EU reforms for electrosurgical devices are estimated to restrain the market growth during the analysis period.

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What are the European Electrosurgical Devices Market Key Benefits:

• The study provides an in-depth analysis of the European electrosurgical devices market share with current trends and future estimations to elucidate the investment pockets.
• The report provides a quantitative analysis from 2014 to 2022 that assists the stakeholders to capitalize on prevailing market opportunities.
• Extensive European electrosurgical devices market analysis, by product and application, helps understand various types of products used for different applications.
• Key market players are profiled in this report and their strategies are analyzed thoroughly, which predicts the competitive outlook of the market.

European Electrosurgical Devices Market Key Segment:

What are the European Electrosurgical Devices Market Product Types?

• Electrosurgical Generators
• Argon & Smoke Management Systems
• Electrosurgical Instruments & Accessories
  
  Electrosurgical Instruments
  
  Bipolar Instruments
  Advanced Vessel Sealing Instruments
  Bipolar Forceps
  Monopolar Instruments
  Electrosurgical Pencils
  Electrosurgical Electrodes
  Suction Coagulators
  Monopolar Forceps
  
  Electrosurgical Accessories
  Patient Return Electrodes or Dispersive Electrodes
  Cords, Cables, and Adapters
  Other Accessories
  

Which are the European Electrosurgical Devices Market Applications?

• General Surgery
• Gynecology Surgery
• Urologic Surgery
• Orthopedic Surgery
• Cardiovascular Surgery
• Plastic and Reconstructive/ Cosmetic Surgery
• Neurosurgery
• Others

By Country:

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe