Ultrasonic Electrosurgical Device Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The increasing demand for minimally invasive surgical procedures and advancements in surgical procedures and technology surges the demand for ultrasonic electrosurgical devices. Furthermore, the rising geriatric population and increasing prevalence of chronic diseases among them is also a driving factor that drives the market for ultrasonic electrosurgical devices. For instance, As per CDC, 17% of adults aged above 65 years have coronary heart disease and 7.6% of them have faced a stroke. Additionally, the increasing number of cosmetic surgeries also has a significant share in the ultrasonic electrosurgical device market.

According to UnivDatos Market Insights (UMI)’ research report “Global Ultrasonic Electrosurgical Device Market Analysis, 2021”, the ultrasonic electrosurgical device market is projected to grow at a CAGR of ~5% during 2021-27F. Deteriorating health coupled with the rising cost of medical treatment is one of the major reasons of concern across the globe owing to the advancement in medical technology. These factors are driving the worldwide demand for efficient diagnostic imaging solutions augmenting the growth of the ultrasonic electrosurgical device market globally.

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Based on the type, the market is categorized as high-intensity focused ultrasonic (HIFU) ablators, magnetic resonance-guided focused ultrasonic (MRGFUS) ablators, ultrasonic surgical ablation systems, and shock wave therapy systems. The HIFU  segment held a significant share in 2020 and is anticipated to witness growth during the forecast period. The higher precision, better results, and the rising prevalence of chronic diseases such as cancer are responsible for the segmental growth of the HIFU in the electrosurgical device market. For instance, as per the WHO, in 2020, there were 2.3 million women diagnosed with breast cancer and 685,000 deaths globally. As of the end of 2020, there were 7.8 million women alive who were diagnosed with breast cancer in the past 5 years, making it the world’s most prevalent cancer.

Based on the application, the market is segmented into cardiology, gynecology, urology, and others. The cardiology segment is expected to have a significant market share. The rapidly rising heart diseases are attributed to the segmental growth in the ultrasonic electrosurgical device market. For instance, as per CDC, About 659,000 people in the United States die from heart disease each year—that’s 1 in every 4 deaths. Heart disease costs the United States about $363 billion each year from 2016 to 2017.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, APAC dominated the global ultrasonic electrosurgical device market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the well-established market players and frequent product launches. North America is expected to skyrocket with a steady CAGR during the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Ultrasonic Electrosurgical Device Market Analysis, 2021”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the ultrasonic electrosurgical device market include Olympus Corporation, Medtronic, Misonix Inc., BOWA-electronic GmbH, Söring GmbH, Advanced Instrumentations, Reach Surgical, ITALIA MEDICA SRL, SonaCare Medical, and Miconvey, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Ultrasonic Electrosurgical Device Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for ultrasonic electrosurgical device providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Product (Generators and Consumables)

2.      By Type (High-Intensity Focused Ultrasonic (HIFU) Ablators, Magnetic Resonance-Guided Focused Ultrasonic (MRGFUS) Ablators, Ultrasonic Surgical Ablation Systems, and Shock Wave Therapy Systems)

3.      By Application (Cardiology, Gynecology, Urology, and Others)

4.      By End-users (Hospitals, Ambulatory Surgical Centers, and Others)

5.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.      By Company (Olympus Corporation, Medtronic, Misonix Inc., BOWA-electronic GmbH, Söring GmbH, Advanced Instrumentations, Reach Surgical, ITALIA MEDICA SRL, SonaCare Medical, and Miconvey., etc.)

Key questions answered in the study:

1.      What are the current and future trends of the ultrasonic electrosurgical device industry?

2.      How the industry has been evolving in terms of product, type, application, and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the ultrasonic electrosurgical device industry?

5.      What is the customer orientation, purchase behavior, and expectations from the Ultrasonic electrosurgical device firms across various regions?

 

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ULTRASONIC ELECTROSURGICAL DEVICE MARKET COVID-19 IMPACT

6 GLOBAL ULTRASONIC ELECTROSURGICAL DEVICE MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

8 MARKET INSIGHTS BY TYPE

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY END-USERS

11 MARKET INSIGHTS BY REGION

12 ULTRASONIC ELECTROSURGICAL DEVICE MARKET DYNAMICS

13 ULTRASONIC ELECTROSURGICAL DEVICE MARKET OPPORTUNITIES

14 ULTRASONIC ELECTROSURGICAL DEVICE MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY-SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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