ELECTROSURGERY MARKET ANALYSIS

Market Challenges And Opportunities

Patients with cochlear implants, cardiac and gastric pacemaker implants, and Implantable Cardioverter Defibrillator (ICDs) are not advised to go under electrosurgery, as it can lead to fatal adverse effects. This poses as a major restraint for growth of the 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 electrosurgery 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 electrosurgery.