ELECTROSURGERY MARKET ANALYSIS

Regional Analysis

The U.S. is the largest market for electrosurgery 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 electrosurgery 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 electrosurgery, 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.