The size of the Electrosurgical Devices Market in North America is valued at USD 1.48 billion in 2022. This figure is expected to grow at a CAGR of 5.51%, to reach USD 1.93 billion by 2027. North America was accounted for the majority of the share in the global market in 2022.
Factors such as the increasing aging population, technological advancements in the healthcare industry, and growing awareness levels regarding the availability of the latest surgical techniques in developing regions are majorly favoring the Electrosurgical medical devices market in North America.
As per the stats published by the Hospital and Healthcare Management, an estimated 17.5 million electrosurgical procedures were happening in the United States per year. This factor is predicted to support the growth of the North American market during the forecast period.
Strict government policies, lack of awareness, and the shortage of professional surgeons are hampering the market growth. Stringent regulations and lengthy approval processes and FDA approvals for the medical devices of electrosurgical are further expected to restrain the market’s growth rate.
This research report on the North America Electrosurgical Devices Market has been segmented and sub-segmented into the following categories:
Regionally, U.S. represented the biggest share of the North America electrosurgical devices market in 2019, driven by sufficient interest in human services part to progress surgical philosophies and surgical items, with an enhanced concentrate of social insurance associations on better quality and precision of surgical strategies to amplify the patient wellbeing. Moreover, alternate components supplementing the market development incorporate ascent in social insurance consumption; a high occurrence of different interminable illnesses, for example, diabetes, cardiovascular ailments, and stoutness; and related ascent in the volume of surgeries.
Within North America, the United States is expected to rule in the North American market during the forecast period. Plenty of investments made in the healthcare sector to strengthen surgical products and procedures along with enhanced attention of healthcare organizations on good quality and exactness of surgical processes to escalate the patient’s health are to drive the market growth.
The Canadian market is expected to hike at a healthy rate during the assessment period due to increasing awareness regarding the different types of cancer among the patients, growth in discretionary expenses, and government policies. Moreover, rising demand for the electrosurgical medical devices market growth during the forecasting framework is anticipated to accelerate the growth in the Canadian electrosurgical medical devices market.
Some of the Promising Companies leading the North America Electrosurgical Devices Market Profiled in the Report are Ethicon, Inc. (U.S.) (subsidiary of Johnson & Johnson (U.S.)), Olympus Corporation (Japan) and Covidien plc. (Medtronic) (Ireland).