Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Monopolar Electrosurgery Market Set to Expand at 4% CAGR Through 2025 - Fact.MRThe coronavirus pandemic is anticipated to moderately impact the global monopolar electrosurgery market, owing to patients delaying elective surgical procedures to provide more room for treating COVID-19 patients.
By: Fact.MR On the back of the aforementioned trends, the global monopolar electrosurgery market is set to embark on a moderate growth path, expanding at a CAGR of 4.1% during the forecast period (2020-2025). Furthermore, rise in demand for cost-effective monopolar electrosurgery devices in developing economies due to increase in laparoscopic procedures is also anticipated to fuel the global monopolar electrosurgery market growth. Key Takeaways of Global Monopolar Electrosurgery Market Study • Hand instruments remain the bestselling category among monopolar electrosurgery products. Affordability of disposable hand instruments is a key growth driver of their sales, which are anticipated to capture more than 3/5th share of the overall market. • Application in orthopedic surgeries is poised to soar in popularity, attributed to increasing geriatric population pool and cases of osteoarthritis. Growing at a CAGR of 4.7%, orthopedic surgery, as a key application area, is expected to contribute nearly 1/5th share to the total market value over the forecast period. • Rising application in general surgeries will continue to influence growth strategies of market players, capturing 1/4th of total market revenue. High prevalence of lifestyle and chronic ailments is the key factor responsible for increased demand for monopolar electrosurgery for application in general surgery. • Hospitals remain key end user of monopolar electrosurgery, holding a major chunk of the global market value. Rapid development of hospital infrastructure in developing and developed countries and entry of private players in the healthcare sector are attributed as key growth drivers. North America Takes the Lead, Asia Pacific Presents Lucrative Opportunities Asia Pacific promises substantial growth opportunities for key players operating in the global monopolar electrosurgery market. Increasing patient pool has motivated key players to establish their business in the region. Moreover, favorable reimbursement policies for minimally invasive procedures will further augment the regional market growth. Asia Pacific's market is poised to expand at a CAGR of 4.7% through 2025. Read Report- https://www.factmr.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|