Asia Pacific Electrosurgical Devices Market By Product (Electrosurgical Instruments, Electrosurgical Accessories, Electrosurgical Generators, Argon & Smoke Management Systems), End User (Hospitals, Specialized Clinics, Ambulatory Surgery Centers), Application (General Surgery, Gynecological Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular & Neuro Surgery, Cosmetic Surgery)
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Market Report Description
The Asia Pacific Electrosurgical Devices market is expected to grow at a CAGR of 9% during the forecast period. Electrosurgical devices are used to fulgurate, cut, coagulate and desiccate tissue during surgical procedures. These devices are mainly used in different types of electrosurgical procedures namely cardiac, maxillofacial, orthopedic, ocular, plastic, and neurosurgical.. These devices are mostly preferred in the surgical procedures due to its ability to make precise cut with limited blood loss. Rise in disposable incomes, increasing government spending on healthcare sector, and increase in the number of chronic diseases are some of the major reasons for the rising demand of medical devices in Asian regions. Currently, Japan is promoting Universal Health Coverage worldwide for high-quality and more affordable health services. In Addition, Medical Manufacturing Asia 2016 has also come up with new and innovative technologies in healthcare sectors.According to Pacific Bridge Medical, Cardiovascular related diseases are expected to rise in Asian region from 30 to 40 percent. Hence, it is increasing the demand for electrosurgical devices in Asian Regions. With growing cardiovascular diseases requirement for affordable or less expensive medical devices is also increasing. Government and other officials are taking action plans for same. Additionally, many present companies with immense opportunities to expand their business and products in Asian regions. Hence, Asia-Pacific is also expected to raise the demand for electrosurgical devices market globally.
The Electrosurgical market has been segmented on the basis of product, application and geography. On the basis of the product, the market is divided into three segments such as electrosurgical generators, argon & smoke management systems, and electrosurgical instruments & accessories. Electrosurgical devices are divided in two terms bipolar and monopolar. In Bipolar electrosurgery, active and returned electrode functions are performed at the site of surgery. Monopolar have its most common use in electrosurgical modality. . Bipolar instrument includes bipolar forceps and advanced vessel sealing instruments. Monopolar instruments have four categories namely electrosurgical electrodes, electrosurgical pencils, suction coagulators and monopolar forceps. These devices are mostly preferred in the surgical procedures due to its ability to make precise cut with limited blood loss. On the other hand, electrosurgical accessories is further divided into four categories namely electrodes, patient return electrode or dispersive, cords, cables, adapters and others (carts & cleaners). Based on Application, the market is segmented into eight categories such as gynecology surgery, general surgery, cosmetic surgery, neurosurgery, urologic surgery, cardiovascular surgery, orthopedic surgery and others (ENT, ophthalmic surgeries and dermatology). Based on country, the market is segmented into China, India, Japan, Australia, India, South Korea, Singapore, and Rest of Asia-Pacific.The report covers the analysis of key stake holders of the Electrosurgical Devices market. Key companies profiled in the report include Olympus Corporation, Conmed Corporation, Medtronic Plc, Johnson & Johnson, Bovie Medical Corporation, Utah Medical Products, Inc, KLS Martin Group, B. Braun and Erbe Elektromedizin GmbH.