With the change in urban lifestyle, the number of surgeries is on the surge, which is likely to pave the way for expansion in the global advanced bipolar direct energy devices market.
Researchmoz
puts forward the insights on the global advanced bipolar direct energy devices market which
includes market size, trends, opportunities, drivers, restraints, and
competitive landscape.
The advanced
bipolar direct energy devices market is anticipated to grow at a CAGR of 14.1%
and this market was valued at USD 1.14 bn in 2018.
The increasing
awareness among surgeons is expected to drive the advanced bipolar direct
energy devices market in the coming years.
The rising demand
for electrosurgical devices for better and more efficient performance during
the surgical procedures is expected to drive the advanced bipolar direct energy
devices market during the forecast period 2021 to 2026.
Factors Driving and Restraining the Market
Some of the factors that foster the growth of the global
advanced bipolar direct energy devices market during the forecast period
include-
- The recent surge in the number of
surgeries in gynaecology, gastrointestinal, and laparoscopic areas of
medicine is anticipated to augment the global advanced bipolar direct
devices market during the forecast period.
- The increasing demand for minimally
invasive and time-efficient surgical procedures is expected to drive the
growth of the advanced bipolar direct devices market.
- The boost in the demand for the
electrosurgical devices as they offer numerous benefits also with the
surge in the better healthcare infrastructure is expected to drive the
advanced bipolar direct energy devices during the forecast period.
Every market comes with its own challenges, a couple of
restraints that may hinder the advanced bipolar direct energy devices market
include-
- The high cost of production and stringent
rules and regulations around the manufacturing of electrosurgical devices
and electrosurgical generator systems may hinder the growth of the
advanced bipolar direct energy devices market to some extent.
- Further, the concerns about overusing
these devices and emerging side effects may likely affect the market to
some extent.
However, with
all the restraints, the global advanced bipolar direct energy market is still
expected to witness substantial growth due to increasing medical tourism and
demand for better health infrastructure.
Analyst’s Overview
The global
advanced bipolar direct energy devices market is expected to grow exponentially
well during the forecast period by registering a 14.1% CAGR.
The increasing
awareness and number of surgical procedures across the branches of medicine are
expected to drive the market towards expansion in the coming years.
The increase in
disposable income and demand for skin injury surgeries is projected to bolster
the global advanced bipolar direct energy devices market during the forecast
period.
Further, the
demand for minimally invasive and less time-consuming surgeries is expected to
augment the growth.
The increasing
demand for better healthcare facilities and the adoption of advanced
technologies is anticipated to drive the market during the forecast period.
North America
is expected to hold a major share in the global advanced bipolar direct energy
devices market due to the availability of advanced technologies, better
healthcare facilities and skilled surgeons.
The regional
dominance is expected to be followed by the Asia Pacific due to a surge in
medical tourism in recent times.
The hospitals
are equipped with a separate unit for electro surgeries, which is anticipated
to boost the global advanced bipolar direct energy devices market during the
forecast period.
Among
end-users, the hospital sector is expected to dominate the market. In terms of
product, the electrosurgical generator system is projected to have its hold
over the advanced bipolar direct energy market in the coming years.
Competitive Landscape
The prominent
players in the global advanced bipolar direct energy market are anticipated to
focus more on new product launches to increase their market share in the global
advanced bipolar direct energy devices market.
Further, many
major players are also anticipated to focus on strategies such as mergers and
acquisitions to expand their market presence and profitability.
Some of these key players are –
- Bovie Medical Corporation
- Braun Melsungen AG
- XCELLANCE Medical Technologies
- Medtronic PLC, B
- Olympus Corporation
- Karlz Storz
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