The electrosurgical devices market is forecast to register tremendous gains over the coming years owing to high product usage across a variety of medical disciplines, including urology, neurosurgery, gynecology, and general surgery among many others.
The term electrosurgery refers to a procedure which converts electrical energy into heat energy which might be utilized for numerous medical purposes like destroying abnormal growth of skin, or to stop bleeding.
An electrosurgical unit comprises of a consists of a handpiece as well as a generator with one, or more than one electrode. This device is controlled using a foot switch or a switch on the handpiece. Electrosurgical-based generators are best known to produce an assortment of electrical waveforms. As and when these waveforms alter, so do the subsequent tissue effects.
There are generally two kinds of electrosurgery, namely high-frequency electrocautery and electrosurgery. Here, thermocautery or electrocautery generally differs from other types of surgeries as it does not include any passing of current. Thus, this type of procedure is considered safe among patients with implanted electrical devices like deep-brain stimulators, implantable cardioverter-defibrillators, and cardiac pacemakers.
Electrosurgery is mostly used in urological, ENT, cardiac, plastic, orthopedic, spine, dermatological, gynecological, ocular, maxillofacial, urological, general as well as neuro-surgical procedures and other dental procedures.
The electrosurgical devices market is segmented in terms of product, application, end-use, and regional landscape.
Based on product, the electrosurgical devices market is classified into accessories, smoke evacuation system, electrodes, and electrosurgical generator. In 2020, electrodes segment accounted for more than &1.1 billion and is estimated to see robust growth over the coming years. In electrosurgery, electrical current is delivered as well as received through electrodes and cables. In bipolar electrosurgery, usually two electrodes serve as the correspondent of the active and return the electrodes in monopolar mode.
With respect to application, the market for electrosurgical devices is categorized into neurosurgery, cosmetic surgery, cardiovascular surgery, orthopedic surgery, urology, gynecology, general surgery, and others. Among these, cardiovascular surgery segment is anticipated to witness strong growth over the coming years. In 2020, the segment accounted for 13.4% market share.
In terms of end-use, the overall market is bifurcated into specialized clinics, ambulatory surgical units, hospitals, and others. Among these, the hospitals segment is projected to witness a 3.6% CAGR over the forecast time period.
From a regional frame of reference, Latin America electrosurgical devices market is anticipated to showcase a steady growth of 3.1% over the forecast timeframe. Meanwhile, electrosurgical devices market in Middle East & Africa accounted for around 3.3% proportion in 2020.