Electrosurgical Devices Market - Global Pipeline Analysis, Competitive Landscape

Global Electrosurgical Devices Market to Grow at a CAGR of 5% from 2011-2018
By: Rajesh Gunnam
 
March 1, 2012 - PRLog -- The global electrosurgical devices market is expected to grow at a CAGR of 5% to $1,412.8m by 2018. The market is expected to be driven by the growing demand for minimally invasive procedures and technology advances that make surgery safer and less destructive to the surrounding tissue.

The global electrosurgical devices market is dominated by three companies – Covidien, Erbe and ConMed. Covidien is the market leader with nearly 40% market share. Erbe is the second largest market player with an 11% market share. Erbe has a strong presence in European countries such as Germany. The company also has a significant presence in the US electrosurgical devices market. ConMed is the third largest market player with an 8% market share. ConMed displays strong presence in both the US and Asia-Pacific markets. Other significant market players include Bovie, KLS Martin, B. Braun and Bowa. However, all of these companies have less than 5% market shares in the global market.

New technologies protect tissue surfaces from thermal damage, as well as reduce eschar formation and limit tissue sticking.. Sticking and charring is undesirable since it can result in unintentional damage to delicate tissue. Eschar on electrodes increases the impedance and presents a fire hazard. It also results in longer surgery time since the tools need to be constantly removed and cleaned of the charred tissue. Examples include Isocool Tips by Codman and PlasmaBlade technology by Peak Surgicals.

In-built features in the electrosurgical generators allow surgeons to closely monitor tissue impedance and adjust the voltage accordingly. The innovative design of cutting and coagulation accessories also helps to control the temperature of the tissue and prevent charring and sticking. These are expected to drive their adoption among surgeons.

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Multiple procedures, such as loop electrosurgical excision procedures (LEEP) and the removal of superficial skin lesions, tags, warts and cysts, are now routinely performed as outpatient procedures. In recent years, there has been a significant increase in the number of outpatient procedures compared to inpatient procedures. The reason for this is that outpatient procedures can be performed at a much lower cost than inpatient procedures. Inpatient procedures are inherently costlier since they require the patient to spend some days at the hospital. In contrast, most outpatient surgeries are performed during the day with the patient able to leave at the end of the day. Thus, they offer patients greater convenience in terms of location, the ability to schedule surgery quickly, and shorter waiting times.

GlobalData’s new report, “Electrosurgical Devices Market - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2018” provides key data, information and analysis on the global electrosurgical devices market. The report provides market landscape, competitive landscape and market trends information on the electrosurgical devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.

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Source:Rajesh Gunnam
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Tags:Electrosurgical Devices, Medical Devices
Industry:Medical
Location:London City - London, Greater - England
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