A surgical tool used to incise tissue by desiccating it, destroy tissue, and control bleeding by coagulating blood is known as an electrosurgical device. The term "electro surgery" refers to the use of high-energy alternating current to raise intracellular temperature in order to promote protein coagulation or a combination of protein coagulation and desiccation of living tissue. Electrosurgery converts electromagnetic energy into kinetic energy within biological cell tissue, which is then converted back into thermal energy by achieving the desired result.Over the forecast period, market growth is expected to be driven by an increase in new launches and approvals. Furthermore, increased R&D initiatives for the development of safer electrosurgery equipment are likely to boost market growth over the forecast period.
Over the forecast period (2021-2028), the India Electrosurgical Devices Market is expected to grow at a CAGR of 7.2%.
Top Companies in the India Electrosurgical Devices Industry:
1. Medtronic plc.
Medtronic plc. is a US-based producer of medical equipment. The company's administrative, executive, and legal headquarters are located in Minneapolis, Minnesota, and Ireland, respectively. It is active in more than 150 nations. Medtronic anticipates investing a total of Rs 3000 crore in the development of its engineering and innovation center in Hyderabad by May 2023.
2. CONMED Corporation
CONMED Corporation was founded in 1970 and headquartered in Utica, New York, United States. It operates in more than 100 countries. In June 2022, CONMED Corporation declared that the acquisition of In2Bones Global Inc., a privately held company, had been completed.
3. Ethicon, Inc.
Ethicon, Inc. was founded in 1915 and headquartered in New Jersey and Cincinnati, Ohio. It operates in 52 countries.
4. Symmetry Surgical Inc.
Symmetry Surgical Inc. was founded in 1976 and headquartered in Tennessee, United States. It operates globally. The O.R. Company's acquisition by Symmetry Surgical, Inc. was successfully completed in January 2020, the company is pleased to announce. The O.R. Company designs, produces, and markets innovative surgical equipment for both open and minimally invasive procedures, including speciality consumables and cutting-edge surgical instruments.
5. B. Braun Melsungen AG
B. Braun Melsungen AGwas established in 1839 and is headquartered in Melsungen, Germany. It has its presence in over 60 countries.
6. Olympus Corporation
Olympus Corporation was founded in 1919 and headquartered in Tokyo, Japan. It operates in Americas, Europe, and Asia-Pacific. The market availability of Olympus Corporation's most recent electrosurgical generator for the treatment of enlarged prostate and bladder cancer was announced for June 2023. Olympus Corporation is a global medical technology company committed to making people's lives healthier, safer, and more meaningful.
7. Erbe Elektromedizin GmbH
Erbe Elektromedizin GmbH was founded in 1851 and headquartered in Baden-Wurttemberg, Germany. It operates in 110 countries.
8. Innoblative Designs, Inc.
Innoblative Designs, Inc. was founded in 2013 and headquartered in Illinois, United States. It operates in U.S. In April 2019, the US Food and Drug Administration (FDA) approved the SIRA RFA electrosurgical device from Innoblative Designs.
9. Stryker Corporation
Stryker Corporation is a worldwide medical technology firm headquartered in Michigan, United States that was formed in 1941. It is present in over 100 countries worldwide. One of the largest medical technology companies in the world, Stryker, announced the opening of its Global Technology Center (SGTC) at Gurgaon's International Tech Park in June 2022. The 150,000 square foot facility will assist the company's mission to advance healthcare and speed up innovation in India and around the globe.
10. OmniGuide Inc.
OmniGuide Inc. was founded in 2000 and headquartered in Massachusetts, USA. It operates in the United States and many other countries across the world.
*Definition: Electrosurgery is a method used frequently in dermatologic surgery to provide superficial or deep coagulation or skin cutting. It is primarily a standard eye surgery that involves cutting, coagulating, dissecting, fulgurating, ablation, and shrinking tissue.
