Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Vessel Sealing Devices Market size is expected to reach $2.6 billion by 2028, rising at a market growth of 9.7% CAGR during the forecast period.
The Laparoscopic Surgery segment acquired maximum revenue share in the Global Vessel Sealing Devices Market by Application in 2021 thereby, achieving a market value of $1.7 billion by 2028. The main factors influencing this expansion are an increase in the demand for and use of minimally invasive procedures, as well as public awareness of the advantages of laparoscopic procedures over open procedures. Additionally, healthcare providers offer a good reimbursement plan for laparoscopic procedures.
The Ambulatory Surgical Centers segment is showcasing a CAGR of 11.3% during (2022 - 2028). This is brought on by the rise in ambulatory centers and their associated cost-effectiveness. Modern medical facilities, known as ambulatory surgery centers, or ASCs, provide same-day surgical care, including preventive and diagnostic procedures. A number of research and polls have also been undertaken on ambulatory laparoscopy surgery.
The Instruments segment is generating highest revenue share in the Global Vessel Sealing Devices Market by Product in 2021 thereby, achieving a market value of $1.1 billion by 2028. Increasing demand for dependable, economical, and safe vessel sealing equipment, product advancements, and an increase in surgical operations are the main drivers influencing this market. Due to their affordability and accompanying environmental advantages, such as a large decrease in medical waste, reprocessed or reused vessel sealing tools are in increasing demand.
The North America market dominated the Global Vessel Sealing Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.1 billion by 2028. The Europe market is exhibiting a CAGR of 9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 10.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Medtronic PLC, Olympus Corporation, B. Braun Melsungen AG, Johnson & Johnson, Intuitive Surgical, Inc., Hologic, Inc. (Bolder Surgical), Erbe Elektromedizin GmbH, BOWA-electronic GmbH & Co. KG, OmniGuide, Inc., and KLS Martin Group.
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