India Electrosurgical Devices Market, by Product Type (Electrosurgery Instruments (Bipolar Instruments and Monopolar Instruments), Electrosurgery Accessories (Cords, Cables, and Adapters, Patient Return Electrodes or Dispersive Electrodes, and Foot Switches, Carts, and Tip Cleaners), and Electrosurgery Generators and Smoke Evacuation Systems), by Application (General Surgery, Cosmetic Surgery, Orthopedic Surgery, Gynecological Surgery, Cardiovascular Surgery, Ophthalmology Surgery, and Others), by End User (Hospitals and Clinics and Ambulatory Surgical Centers), is estimated to be valued at US$ 200.1 million in 2021 and is expected to exhibit a CAGR of 7.2% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Key players operating in the market are focusing on receiving product approvals from regulatory authorities and this is expected to drive the market growth over the forecast period.
For instance, in April 2019, Innoblative Designs, Inc., a medical device company, received the U.S. FDA approval for SIRA RFA electrosurgical device. It is a novel radiofrequency ablation (RFA) applicator that can be used to perform electrosurgery especially for soft tissue ablation and intraoperative coagulation. Thus, development of such innovative and advanced features in electrosurgical devices is expected to show growth opportunities for manufacturers in India electrosurgical devices market in the near future.
India Electrosurgical Devices Market– Impact of Coronavirus (Covid-19) Pandemic
COVID-19 outbreak was first reported on December 31, 2019, in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 262,866,050 million cases and 5,224,519 deaths due to Coronavirus (COVID-19) were reported up till November 30, 2021, across the globe.
The COVID-19 pandemic has negatively affected several markets across the globe and also hampered the demand and supply in India electrosurgical devices market, owing to strict lockdown in many cities of India.
Browse 12 Market Data Tables and 16 Figures spread through 113 Pages and in-depth TOC on ‘India Electrosurgical Devices Market’- India Forecast to 2028, by Product Type (Electrosurgery Instruments (Bipolar Instruments and Monopolar Instruments), Electrosurgery Accessories (Cords, Cables, and Adapters, Patient Return Electrodes or Dispersive Electrodes, and Foot Switches, Carts, and Tip Cleaners), and Electrosurgery Generators and Smoke Evacuation Systems), by Application (General Surgery, Cosmetic Surgery, Orthopedic Surgery, Gynecological Surgery, Cardiovascular Surgery, Ophthalmology Surgery, and Others), by End User (Hospitals and Clinics and Ambulatory Surgical Centers)
To know the latest trends and insights prevalent in the India Electrosurgical Devices Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/india-electrosurgical-devices-market-4843
Key players operating in the market are focusing on adoption of inorganic growth strategies such as mergers, collaborations, partnerships, and acquisitions in order to strengthen their position in the global market.
For instance, In July 2018, Stryker Corporation, an American multinational medical technologies corporation, acquired SafeAir AG, a Swiss medical device company. The acquisition will strengthen Stryker’s portfolio of smoke evacuation and surgical instruments in the Europe and the U.S.
Key Takeaways of the India electrosurgical devices market:
- The India electrosurgical devices market is expected to exhibit a CAGR of 7.2% over the forecast period, owing to rising launches and regulatory approvals of products. For instance, in September 2019, Ethicon Inc., a subsidiary of Johnson & Johnson, launched a powered circular stapler which can be used for colorectal, gastric and thoracic surgery which reduces leaks by 61% at the staple line.
- Among product type, electrosurgery generators and smoke evacuation systems segment is expected to account for the largest market share during the forecast period, owing to increasing adoptions of strategic acquisitions by the key players. For instance, in February 2019, CONMED Corporation, a global medical technology company, acquired Buffalo Filter LLC, a global provider of surgical smoke evacuation technology. The acquisition has helped the CONMED Corporation to strengthen its position in the smoke evacuation systems industry.
- Key players operating in the India electrosurgical devices market include Medtronic plc., CONMED Corporation, Ethicon, Inc., Symmetry Surgical Inc., B. Braun Melsungen AG, Olympus Corporation, Erbe Elektromedizin GmbH, Innoblative Designs, Inc., Stryker Corporation, OmniGuide Inc., and PENTAX Medical
