Electrosurgery Market to Exhibit Skyrocketing Expansion During 2018-2026
Electrosurgery
involves application of electrical current to a biological tissue to
cut, coagulate, desiccate or fulgurate. Electricity is used to cause
thermal destruction of tissue through dehydration, coagulation, or
vaporization. The tissue acts as a resistance to the passing current
and converts it into heat. High-frequency electro surgery and electro
cautery are the two types of electrosurgeries used.
Electro surgery has
a wide range of applications in teeth related procedures,
laparoscopy, and chronic diseases (related to kidney and abdomen,
among others), with dermatological treatments being the most
prominent among others. According to World Health Organization (WHO),
one in every three cancer patients suffers from skin cancer. This
creates a large patient base opting for electro surgery.
Treatment with
curettage and electro surgery for skin cancer has a cure rate of
around 99 out of 100 for basal cell cancer, making electro surgery a
co-therapy for the treatment.
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Easy electro
surgery procedures and numerous applications are expected to fuel
growth of the electro surgery market
According to World
Health Organization (WHO), colorectal cancer is the second most
common cancer among men and women. Moreover, according to American
Cancer Society, 2017 around 135,430 people are estimated to be
diagnosed with colorectal cancer, 40% of which are already at an
advanced stage of the cancer.
According to the new
report, An Aging World: 2015, published by National Institute on
Aging (NIA), 8.5% of the people worldwide (617 million) are 65 years
of age or older and are at a greater risk of developing chronic
diseases, which in turn, increases demand for electro surgery
procedures. Advancements in technology are expected to improve the
performance of electrosurgical generators, ensuring delivery of
appropriate heat energy for treatment of the patient.
Advancements in
technology, growing geriatric population, and increasing prevalence
of chronic diseases related to kidneys and heart, among others are
few factors that are expected to fuel growth of the market for
electro surgery.
Patients with
cochlear implants, cardiac and gastric pacemaker implants, and
Implantable Cardioverter Defibrillator (ICDs) are not advised to go
under electro surgery, as it can lead to fatal adverse effects. This
poses as a major restraint for growth of the market.
Inexpensive
electro surgery devices and low maintenance costs are expected to
boost growth of the electro surgery market
The global
electro surgery market is segmented on the basis of instrument type,
applications, end user, and geography.
On the basis of
instrument type, the global electro surgery market is segmented into:
Monopolar
Instruments for Electro surgery
Electrosurgical Electrode Handles
Electrosurgical Electrodes
Electrosurgical Pencils
Monopolar
Forceps
Bipolar
Instruments for Electrosurgery
Bipolar
System
Bipolar
Forceps
Electrosurgery
Accessories
Suction
Coagulators and Irrigation Devices.
Argon
Systems and Accessories.
Smoke
Evacuation Systems.
Patient
Return Electrodes
On the basis of
application, the global electro surgery market is segmented into:
General Surgery
Cosmetic Surgery
Orthopedic
Surgery
Gynecology
Surgery
Urologic Surgery
Cardiovascular
Surgery
On the basis of
end user, global electro surgery market is segmented into:
Hospitals
Clinics
Ambulatory
Surgical Centers
Others
Chronic diseases are
the leading cause of death and disability in the U.S. According to
Centers for Disease Control and Prevention, chronic diseases are
expected to affect an estimated 164 million people living in the U.S.
by 2025. According to International Society of Aesthetic Plastic
Surgery, top five countries namely, the U.S., Brazil, Japan, Italy,
and Mexico account for 41.4% of the world’s cosmetic procedures,
followed by Russia, India, Turkey, Germany, and France. 2015.
The U.S. is the
largest market for electro surgery in North America. This is
attributed to the country accounting for the highest number of
cosmetic procedures, with 1.4 million surgical and 2.6 million
non-surgical procedures. Moreover, the country had 6,500 active
plastic surgeons, which is the highest in the world, followed by
Brazil with 5,500 and China with 2,800 plastic surgeons according to
International Society of Aesthetic Plastic Surgery (ISAPS), 2015.
This in turn, drives growth of the market for electro surgery in
North America. Other factors driving growth of the market in the
region include increasing obesity, provisions of the Affordable Care
Act that provides favorable reimbursement for use of electro surgery,
and growing geriatric population—highly susceptible to chronic
diseases due to weak immune systems. Asia Pacific is expected to
exhibit the highest growth rate due of increasing demand for cosmetic
procedures and improving healthcare infrastructure. India and South
Korea were among top five countries to have performed surgical and
non-surgical cosmetic procedures in 2015 according to ISAPS.
Mergers and
acquisitions leading to market consolidation
Key players
operating in the electro surgery market include ERBE Elektromedizin
GmbH, BOWA-electronic GmbH & Co. KG, Bovie Medical Corporation,
and CONMED Corporation. In 2017, Ethicon Endo-Surgery, Inc. acquired
Megadyne Medical Products, Inc. Also, in 2017, U.S. Endoscopy, a
leader in endoscopy device design and manufacturing, acquired Genii,
Inc.
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