The size of the European electrosurgical devices market is expected to be worth USD 2.23 billion by 2027 and USD 1.68 billion in 2022, growing at a CAGR of 5.77% during the forecast period.
The increase in chronic diseases, the aging population, and surgical operations are factors contributing to the market's rise. The increase in Europe's geriatric population has led to increased demand for operations, particularly minimally invasive surgeries. Furthermore, plastic and reconstructive surgeries, which are usually done for aesthetic or cosmetic reasons, expand the number of medical, cosmetic, and age-related surgeries performed, and the growing number of ambulatory surgery facilities has grown in popularity. The improvements in electrosurgical equipment, such as the decrease of collateral damage to tissues, the creation of eschar, and the restriction of tissue attachment, have all contributed to the growing popularity of electrosurgical devices.
R&D in this sector for technological advancements in electrosurgery equipment and an increase in the number of operations and surgical treatments are expected to open up opportunities in the near future. Electrosurgical devices have been widely utilized in the fields of gynecology, cosmetology, open surgery, laparoscopic operations, and flexible endoscopic techniques for minimally invasive surgeries. Shorter hospital stays, smaller incisions, fewer post-surgical problems, and faster recovery are all advantages of minimally invasive surgery. These benefits entice patients and help to increase the number of people who choose minimally invasive surgery. Players in the electrosurgical devices market may expect attractive growth opportunities as the usage of less invasive methods in cosmetology operations grows. Traditional open surgery has given way to the use of less intrusive methods.
The European electrosurgical devices industry is hampered by problems such as strict government regulations. During the analysis period, stringent EU reform requirements for electrosurgical equipment would restrict the market growth. However, because these devices are advanced, they require experts who have been educated to use them. The high expense of training has resulted in a scarcity of skilled workers. As a result, this issue is restricting the market's expansion. Furthermore, the European electrosurgical devices market is likely to be hampered by stringent regulatory requirements for device approvals and product recalls.
Product delays and increased expenses resulting from strict regulatory processes impose a burden on expenditures in electrosurgical equipment and new product development, potentially resulting in revenue loss.
This research report on the Europe Electrosurgical Devices Market has been segmented and sub-segmented into the following categories:
Geographically, Germany held the highest proportion of the European electrosurgical instruments market. The market's growth is primarily driven by investment in the healthcare sector. The European Union's health industry relies heavily on public and private funding, accounting for almost 10 percent of GDP. Therefore, the market's growth is heavily influenced by improvements in healthcare infrastructure. Electrosurgical devices are widely used by surgeons across regional markets because they are reasonably efficient, because of little blood loss, and considerably shorten recovery time, fueling market revenue over the forecast period. The introduction of monopolar and bipolar electrosurgical units (ESUs) has expanded the range of devices that can be used. Furthermore, the rising number of operations in a variety of healthcare fields has fueled the market growth.
KEY MARKET PLAYERS:
Some of the prominent companies dominating the Europe Electrosurgical Devices Market profiled in the report are Ethicon, Inc. (U.S.) (a subsidiary of Johnson & Johnson (U.S.)), Olympus Corporation (Japan), Covidien plc., and Medtronic (Ireland).
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