Market Analysis: Global Electrosurgical Generator Systems Market

The global electrosurgical generator systems market is expected grow at a steady CAGR during the forecast period of 2019 to 2026. This rise in the market can be attributed to the increasing number of surgeries and growing technological advancements in the electrosurgery field.

Market Definition: Global Electrosurgical Generator Systems Market

Electrosurgery generator unit is an important piece of equipment which are used in the major operative setting and is considered as the most common and useful instruments used by the surgeons today. The electrosurgical generator produces higher frequency alternating electric current and differs from the electrocautery units; in that both coagulation and cutting effects can be attained through a single piece of equipment.

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Market Drivers:

Rising amount of government expenditure in the healthcare field is driving the market growth
Growing numbers of bariatric surgeries is also expected to drive the growth of this market
A rise in the popularity of cosmetic surgeries is boosting the market
Rising geriatric population worldwide is escalating the market growth

Market Restraints:

Rising awareness of other non-invasive surgical techniques is expected to restrain the market growth
Increasing number of product recalls in the market is also expected to hinder the market growth
Intense competition among the market players can restrain the market demand
Segmentation: Global Electrosurgical Generator Systems Market

By Type

Monopole Electrosurgical Generator
Bipolar Electrosurgical Generator
Vessel Sealing Generator

By Application

Open Surgery
Minimally Invasive Surgery

By End User

Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Others

By Distribution Channel

Direct
Retail

By Geography

North America
U.S.
Canada
Mexico
South America
Brazil
Rest of South America
Europe
Germany
France
U.K.
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
Middle East & Africa
South Africa
Rest of Middle East & Africa

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Key Developments in the Market:

In May 2019, Olympus Corporation launched ESG-150 Electrosurgery Generator at the Digestive Disease Week 2019. This new ESG-150 helps in improving both ease of use and patient safety. This would help in expanding the product portfolio of the company
In May 2018, Olympus Corporation launched ESG-300 Electrosurgery Generator. This addition of the intuitive electrosurgery generator would help in increasing the ability for leveraging the strength and wide portfolio of pulmonary and GI devices. This strategy would help in expanding the product portfolio of the company

Competitive Analysis:

Global electrosurgical generator systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electrosurgical generator systems market for Global, Europe, North America, Asia- Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global electrosurgical generator systems market are XCELLANCE Medical Technologies,      Utah Medical Products, Inc., KLS Martin Group, Kirwan Surgical Products, LLC, Boston Scientific Corporation, Applied Medical Resources Corporation, CONMED Corporation, Johnson & Johnson Services, Inc., Olympus Corporation, Medtronic, ERBE Elektromedizin GmbH, LED SpA, CooperSurgical, Inc., AtriCure, Inc., Karl Storz, B. Braun Melsungen AG, Narang Medical Limited, Alan, Ease Electronics Systems, STERIS plc and Symmetry Surgical INC among others