Electrosurgical Devices Global Market

-

2015

IQ4I Research & Consultancy Pvt. Ltd.

[email protected]

www.iq4i.com

[PRODUCTS (Generators & Monitors, Instruments, Plasma & Smoke management Systems & Accessories); SURGERY (Cardiovascular, Cosmetic & Dermatology, Dental, Gastrointestinal, General, Gynecological, Neurosurgical, Oncology, Orthopedic, Urological and Others); REGIONAL (North America, Europe, Asia Pacific and Rest of the World)]

Electrosurgical Devices Global Market

– Forecast to 2020

Copyright © 2015 IQ4I

All Rights Reserved. This document contains highly confidential

information and is the sole property of IQ4I. No part of it may be

circulated, copied, quoted, or otherwise reproduced without the

approval of IQ4I.

IQ4I Research & Consultancy Pvt. Ltd. Page 2


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1.1 REPORT DESCRIPTION

Electro surgery deals with the interaction of electrons with tissue to achieve a desired clinical

effect. Electrosurgical units (ESU’s) are used for surgical cutting or to manage blood loss by

causing coagulation (homeostasis) during surgery. The global electrosurgical devices market is

divided into products, surgery and geography. The global electrosurgical devices products

market is segmented into electrosurgical generators and monitors, instruments, plasma and

smoke management systems and accessories. The electrosurgical instrument is further

classified into monopolar and bipolar instruments. Plasma based systems are further

segmented in to argon systems and helium systems. By surgery, the electrosurgical devices

market is broadly segmented into cardiovascular, cosmetic &dermatological, gastrointestinal,

general, gynecological, neurosurgical, oncology, orthopedic, urological and others.

Among the electrosurgical products, the instruments market dominated the products market by

occupying a largest share. At the same time, the electrosurgical instruments market is also

expected to grow at the highest CAGR. Geographical wise North America is the largest market,

followed by Europe and Asia. The APAC regions suggest an array of opportunities for growth

and are likely to be getting into the eyes of new investors in the electrosurgical devices market.

Growth in the Asian market is attributed to government for its support in establishing innovative

technologies and demand for sophisticated medical services.

The electrosurgical devices market is expected to grow steadily in the forecast period. The

factors driving the growth of this market are advancement in the electrosurgical devices,

preference towards minimally invasive surgical procedures, increase in number of cosmetic

procedures and steep rise in aging population and related surgeries. In addition to this, high

prevalence of obesity and there of increase in bariatric surgeries along with growing demand for

the electrosurgical products in the emerging regions are some of the opportunities that are

propelling the growth of the market. However, the nonconductive health care system and

reimbursement scenario in U.S, risk associated with the usage of electrosurgical devices and

some of the product recalls are hampering the growth of the market. The threats for the

electrosurgical market include technological advancement in the area of noninvasive

technologies, the pricing pressure and stiff competition among the electrosurgical players.



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The global electrosurgical market is a highly competitive market and all the existing players in

this market are involved in developing new and advanced products to maintain their market

shares. Some of the key players of the electrosurgical devices market are B. Braun Melsungen,

Bovie Medical Corporation, ConMed Corporation, Johnson & Johnson (Ethicon) and Medtronic

(Covidien).

The report provides an in depth market analysis of the above mentioned segments across the

following regions:

North America

Europe

Asia-Pacific

Rest of the World (RoW)



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TABLE 1

GLOBAL ELECTROSURGICAL DEVICES MARKET REVENUE,

BY REGION, (2013-2020) ($MN)

Region 2013 2014 2015 2020 CAGR (%)

(2015-2020)

North America XX XX XX XX XX

Europe XX XX XX XX XX

Asia-Pacific XX XX XX XX XX

RoW XX XX XX XX XX

Total XX 2,791.4 XX XX XX

Source: Association for Advancement of Medical Instrumentation (AAMI), Americans Surgical Association, Society

for Laparoendoscopic surgeons (SLS), Association of Surgeons of Great Britain and Ireland (ASGBI), WHO, CDC,

Industry Expert Interviews and IQ4I Analysis

North America accounted for the largest revenue of $XX million of the electrosurgical devices

global market with a share of XX% in 2014. The market is expected to grow at a CAGR XX%

from 2015 to 2020 to reach $XX million by 2020. Asia-Pacific is expected to grow at a strong

CAGR of XX% during the forecast period.



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TABLE 2


BY PRODUCTS, (2013-2020) ($MN)

Product 2013 2014 2015 2020 CAGR (%)

(2015-2020)

Generators & Monitors XX XX XX XX XX

Instruments XX XX XX XX XX

Plasma & Smoke Management Systems

XX XX XX XX XX

Accessories XX XX XX XX XX

Total XX XX XX XX XX




Instruments accounted for high revenue of $XX million with a share of XX% in 2014 and are

expected to reach $XX million by 2020 of the global electrosurgical devices products market.

Instruments are also expected to grow with highest CAGR of XX% during the forecast period.



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TABLE 3


BY SURGERY TYPE, (2013-2020) ($MN)

Type 2013 2014 2015 2020 CAGR (%)

(2015-2020)

Cardiovascular XX XX XX XX XX

Cosmetic & Dermatology

XX XX XX XX XX

Dental XX XX XX XX XX

Gastrointestinal XX XX XX XX XX

General XX XX XX XX XX

Gynecological XX XX XX XX XX

Neurosurgical XX XX XX XX XX

Oncology XX XX XX XX XX

Orthopedic XX XX XX XX XX

Urological XX XX XX XX XX

Others XX XX XX XX XX





Oncology accounted for high revenue of $XX million with a share of XX% in 2014 and is

expected to reach $XX million by 2020 with a healthy CAGR of XX% of the global

electrosurgical devices market by surgery. Cosmetic and dermatology segment is expected to

grow with highest CAGR of XX% during the forecast period.



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FIGURE 1

GLOBAL MONOPOLAR INSTRUMENTS MARKET REVENUE, BY TYPE

OUTLOOK (2014 V’S 2020) ($MN)






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TABLE 4

GLOBAL ACCESSORIES MARKET REVENUE,

BY TYPE, (2013-2020) ($MN)

Type 2013 2014 2015 2020 CAGR (%)

(2015-2020)

Patient Return Electrodes

XX XX XX XX XX

Argon & Smoke Management System Accessories

19.7 XX XX XX XX

Foot switches, Cords, Cables & Adapters

XX XX XX XX XX

Others XX XX XX XX XX





Patient return electrodes accounted for high revenue of $XX million with a share of XX% in 2014

and are expected to reach $XX million by 2020 with a healthy CAGR of XX% of the accessories

global market revenue. Argon and smoke management system accessories are expected to

grow with highest CAGR of XX% during the forecast period.



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1.1.1 RESEARCH SOURCES

ELECTROSURGICAL DEVICE MARKET: RESEARCH SOURCES

Primary Sources Secondary Sources

Supply Side: Top-level Executives,

Marketing Managers, Sales Managers,

Regional Managers

Demand Side: Hospital Medical

Directors, Laboratory Managers,

Research Scientists, Principal

Scientists, Purchase/Procurement

Managers, Laboratory Technicians,

Academic Research

Others: Independent Consultants and

Freelancers

IQ4I Repository Electrosurgical devices Company-Specific

annual reports, SEC filings, corporate

presentations & Press releases

Associations and Groups: American

Association of Gynecologic

Laparoscopists, American surgical

Association, Asian Surgical Association,

Association for the Advancement of

Medical Instrumentation (AAMI),

Association of Surgeons of Great Britain

and Ireland (ASGBI),

British Association of Aesthetic Plastic

Surgeons, Center for Disease Control

and Prevention (CDC), Centers for

Medicare & Medicaid Services (CMS),

Measurement, European Medicines

Agency (EMEA), European Surgical

Association, International Society of

Aesthetic Plastic Surgery (ISAPS),

Society of Laparoendoscopic Surgeons,

World Health Organization (WHO), and

Other Country Associations & Groups

Paid Sources : OneSource, Hoovers,

Bloomberg

Social Networking & Databases:

LinkedIn, Melt-Water, and Zintro



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Electrosurgical Devices Global Market