2020-2027 Analysis and Review Electrosurgical Cutting Forceps Market

Electrosurgical Cutting Forceps Market

Electrosurgical Cutting Forceps Market By Type (Bipolar Forceps and Monopolar Forceps), By End User (Hospital & Clinics, Ambulatory Surgical Centers and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

09-01-2020 REP-HC-5004 40 Tables 118 pages Format

The global electrosurgical cutting forceps market was valued at USD1,225.1 Mn in 2019. Increasing demand for minimally invasive surgical procedures and technological advancement in the electrosurgical devices determine the assertive market growth for the electrosurgical cutting forceps market. The limitation associated with this market is the dearth of skilled workforce to operate the electrosurgical cutting forceps during surgical procedures.

 Electrosurgical Cutting Forceps Market

Since time immemorial heat as a device has been used for performing surgery and inhibit the bleeding, it was popularly called as the thermal cautery technique. In this procedure the infectious or damaged tissues were treated with hot metals to curb the spreading of the infection throughout the body and prevent bleeding. Electrosurgery is a highly refined technique that employs AC current of high frequency and voltage to either cut or coagulated the tissues with the transformation of energy current into heat. The principle behind electrosurgery is that the normal body cells coagulate in the temperature ranging between 45 to 600C. Further increase in temperature causes the evaporation of the tissue fluids and carbonization occurs due to cell reduction.

The major segments related to the electrosurgical cutting forceps market are:

By Type (2017–2027; US$ Mn)

Bipolar Forceps

Monopolar Forceps

By End User (2017–2027; US$ Mn)

Hospital & Clinics

Ambulatory Surgical Centers

Others

Geography Segment(2017–2027; US$ Mn)

North America

United States
Canada

Europe

United Kingdom
Germany
Rest of Europe

Asia Pacific (APAC)

China
Japan
Rest of APAC

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of Middle East and Africa
 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global electrosurgical cutting forceps market
  • The overall segmentation of the electrosurgical cutting forceps market, by type, end-user and geography is minutely studied. Bipolar forceps and hospitals & clinics are dominating the type and end-user segments respectively
  • Technological advancement in the electrosurgical devices and increasing demand for minimally invasive surgical procedures together increase the demand for electrosurgical cutting forceps market
  • Increasing demand for laparoscopic procedures and rampant adoption by hospitals worldwide further propel the electrosurgical cutting forceps market growth

Report gist?

  • The study of the global electrosurgical cutting forceps market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers qualitative and quantitative analysis of the overall market segmented on the basis of type and end-user and categorization of the same at geography level
  • This research report presents the analysis of each segment from 2017 to 2027 considering 2019 as the base year for the research. CAGR for each respective segments are calculated for the forecast period from 2020 to 2027
  • The study includes the profiles of major market players with a significant global and regional presence along with top company positioning 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the chemical manufacturers engaged in the production of monopolar and bipolar electrosurgical cutting forceps which is gaining huge demand owing to its high accuracy and precision in surgical procedures
  • The report will benefit physician worldwide adopting electrosurgical cutting forceps in the hospitals & clinics and ambulatory surgical centers
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to electrosurgical cutting forceps market
  • Financial institutions venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies

Segment Analysis

Monopolar forceps hold the largest market in the types segment for the electrosurgical forceps market. Monopolar forceps create high-intensity current and are helpful in surgical procedures which requires a high degree of tissue desiccation, vaporization, coagulation, and fulguration. Bipolar forceps have gained tremendous traction in laparoscopic surgical procedures worldwide. The important parameters which are responsible for its popularity among surgeons are less power is required, the capability to coagulate tissue in a fluid environment, the flow of the current is limited to the surgical site which results in the prevention of tissue burns and damages.

Hospitals & clinics are spearheading the end-user segment for the electrosurgical cutting forceps market. The major factors accentuating its market growth are a constant rise in the number of inpatient admission owing to a significant rise in chronic diseases which requires a surgical procedure for its treatment. Huge investment by government healthcare agencies to provide hospitals with well-equipped electrosurgical devices. Ambulatory surgical procedures are gaining huge traction owing to a significant rise in the outpatient population owing to the low-cost burden on the ailing patient and increasing demand for minimally invasive surgical procedures.

Regional Analysis

North America is dominating the geography segment for the electrosurgical cutting forceps market. As per the latest research citing provided by the U.S. Department of Health and Human Services in 2018, approximately 129 million outpatient surgical procedures were performed in the United States. Constant rise in chronic disease requiring surgical procedure as the only treatment option and presence of well-developed healthcare infrastructure equipped with electrosurgical devices provide the necessary impetus for the market growth in the region. Western Europe has been considered as the industrial hub for the development of medical devices engaged in performing invasive and noninvasive surgical procedures. Furthermore the proactive role adopted by the European Medical Agency (EMA) in expediting the early clearance for electrosurgical cutting forceps further propels the market growth in the European Union region. It is anticipated that the Asia Pacific will be highlighting positive growth in the near future owing to the significant rise in medical tourism owing to cost-effective surgical procedures and growing demand for ambulatory surgical centers to provide emergency medical services to patients in remote areas.

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