Monopolar Electrosurgery Instrument Market Size Is Poised To Reach $3.0 Billion By 2028: Grand View Research Inc.

 

The global monopolar electrosurgery instrument market size is expected to reach USD 3.0 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.2% from 2021 to 2027. monopolar electrosurgery instrument are majorly used in gynecology and urology procedures to precisely cut and extract tissues. The devices are most commonly used in Laparoscopic Ovarian Drilling (LOD) procedures to manage Polycystic Ovary Syndrome (PCOS). According to the Centers for Disease Control and Prevention (CDC), PCOS is among the major cause of female infertility, affecting 6 - 12% or 5 million U.S. women between the 18-45 age group.

Frequent product launch, increasing prevalence of chronic conditions, and growing preference for minimally invasive procedures have augmented the demand for monopolar electrosurgery devices. For instance, in September 2019, Ethicon, a Johnson and Johnson subsidiary launched a MEGADYNE MEGA SOFT universal plus reusable patient return electrode. The dispersal electrode eliminates adhesive-related injuries and is eco-friendly.

The market is highly fragmented with presence of large number of local manufacturers in developing regions. These companies offer technologically advanced products at competitive prices. Local manufacturing helps in keeping the final product prices minimum. Major market players are focusing to set manufacturing units in Asian countries such as China and India.

Minimally invasive surgeries help in minimizing post-surgical complications, offer faster recovery and lower readmittance rates, thus reducing overall treatment cost. A study in The Journal of the American Medical Association stated that open surgery requires an average hospital stay of 7.4 days, while the hospital stays for laparoscopic and thoracoscopic surgeries is for 4.5 days. The study further stated that the total cost of care for minimally invasive surgeries was 23.0% less than open surgery. According to the researchers at Johns Hopkins, preventing post-surgical complications saved about USD 300 million annually by opting for minimally invasive procedures.

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/monopolar-electrosurgery-instrument-market/request/rs1

 

Monopolar Electrosurgery Instrument Market Report Highlights

  • North America accounted for the largest revenue share in 2020 owing to the factors such aspresence of key players, increasing prevalence of chronic diseases, and the presence of trained professionals
  • By type, the generators segment is expected to register the highest CAGR during the forecast period owing to the high surgical efficacy offered by the device
  • By application, the cardiovascular segment is expected to register the highest CAGR during the forecast period owing to the increasing prevalence of the condition due to changing lifestyle and geriatric population
  • By end use, the hospital segment accounted for the largest market share owing to the increasing adoption of advanced devicesand growing preference for minimally invasive procedures

List of Key Players of Monopolar Electrosurgery Instrument Market

  • Conmed
  • Olympus Corporation
  • Medtronic Plc
  • KLS Martin
  • B. Braun Melsungen AG
  • Stryker
  • Apyx Medical Corporation
  • Johnson & Johnson
  • Integra LifeSciences
  • Stingray Surgical Products, LLC
  • Surgical Holdings

 

 

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