What is the Surgical Energy Instruments/Electrosurgical Devices Market Share?

ByHaven smith

Electrosurgical Devices Market By Product Type (Electrosurgical Generators, Electrosurgical Instruments [Electrosurgical Pencils, Electrosurgical Electrodes, Electrosurgical Knife, Electrosurgical Forceps, Suction Coagulators, Others], Electrosurgical Accessories), By Method (Monopolar, Bipolar), By Application (General Surgery, Orthopaedic Surgery, Gynaecology Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Others), By End-User (Hospitals, Ambulatory Surgical Centres, Others), by geography, is expected to grow at a significant CAGR forecast till 2026 due to the increasing number of surgeries worldwide because of growing chronic diseases and shifting preferences for minimally invasive surgeries over conventional surgeries.

The global electrosurgical devices market was valued at USD 6.18 billion in 2020, growing at a CAGR of 5.69% during the forecast period from 2021 to 2026, to reach USD 8.61 billion by 2026. The growing demand for electrosurgical devices is predominantly attributed to the rising prevalence of various chronic diseases leading to an increase in surgical procedures across the globe. In addition, shifting preferences for minimally invasive surgeries, recent product approvals, and technological advancements in the product arena, among others are some of the factors responsible for global electrosurgical market growth during the forecasted period.

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