The global electrocautery devices market will grow by USD 3.42 million during 2019-2023. The growth moment will accelerate throughout the forecast period, and the market will register a CAGR of almost 5%.
The advantages of electrocautery over electrosurgery and the rising demand for cosmetic and plastic surgeries are some of the major factors driving the market growth. The US, Germany, and Japan are currently the major markets for electrocautery devices.
Electrocautery Devices Market Report - Key Insights
Scope of this Report
The report provides a detailed analysis of the market by type and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.
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Market Segmentation
Electrocautery Devices Market by Type
- Reusable electrocautery devices
- Disposable electrocautery devices
Electrocautery Devices Market by Geography
- Asia
- Europe
- North America
- ROW
Market Competitive Analysis
The electrocautery devices market is currently fragmented, and the degree of fragmentation will remain the same during the forecast period. Market vendors are focusing on expanding their product portfolios by offering a wide range of electrocautery devices with different working temperatures, thickness, shape, and length of the cautery tips. Able Scientific, AMI Inc., and Beaver-Visitec International Holdings Inc. are some of the major market participants.
Though the accelerating growth momentum will offer immense growth opportunities, the availability of alternatives for electrocautery devices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The report provides information on the production, sustainability, and prospects of several companies, including:
- Able Scientific
- AMI Inc.
- Beaver-Visitec International Holdings, Inc.
- Delasco
- FIAB Spa
- McKesson Corp.
- Medline Industries Inc.
- Pro Advantage
- Symmetry Surgical Inc.
- World Precision Instruments
Electrocautery Devices Market: Key Drivers and Trends
As the current does not pass through the patients in electrocauterization, electrocautery devices can be safely used for patients having implantable electrical devices such as deep brain simulators and implantable cardioverter-defibrillators and pacemakers. Electrocauterization is also used in ophthalmology for inducing punctual stenosis in patients with dry eyes. It is also used in orthopedic surgeries, including total knee arthroplasty and total hip arthroplasty. The rise in number of surgeries that require electrocauterization will subsequently increase the demand for electrocautery devices.
- The rising demand for cosmetic and plastic surgeries will also influence electrocautery devices market growth.
- There is a significant increase in the number of men undergoing cosmetic surgeries.
- Electrocautery finds several applications in plastic surgeries, including rhinoplasty, mammoplasty, blepharoplasty, tendon repair, burn procedures, and abdominal lipectomy.
- Electrocautery devices are used to control bleeding and remove abnormal skin growth in plastic surgery.
- Such factors will drive electrocautery devices driving market growth at a CAGR of almost 5%.
Electrocautery Devices Market: Segmentation by Region
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North America is a major market for electrocautery devices. The region has a strong base of many established vendors. The rising prevalence of orthopedic, ophthalmic, and cardiac diseases, coupled with the growing geriatric population, has increased the number of surgeries in the region. These factors are fueling electrocautery devices market growth in the region.
During the forecast period, about 41% of the overall market growth will originate from North America. However, market growth in this region will be slower than the growth of the market in Asia.
Electrocautery Devices Market: Segmentation by Type
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Reusable electrocautery devices are highly used in ambulatory services as they aid in ensuring fast and efficient cauterization. The growing demand for such devices is encouraging market vendors to offer reusable electrocautery devices with added functionalities. This has increased the availability of a wide range of reusable electrocautery devices in the market with different working temperatures and electrode tips.
As a result, the electrocautery devices market size will steadily increase during the forecast period. The growth of the market in the reusable electrocautery devices segment will be faster than the growth of the market in the disposable electrocautery devices segment.
Electrocautery Devices Market: Key Highlights of the Report
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the market during the next five years
- Precise estimation of the global electrocautery devices market size and its contribution to the parent market
- Accurate electrocautery devices market forecast on upcoming trends and changes in consumer behavior
- The growth of the electrocautery devices industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of electrocautery devices market companies
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