Global Electrosurgical Generator Systems Market Set to Surge

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  • Increased government spending in the healthcare field is driving market growth.
  • Rising awareness of other non-invasive surgical techniques is expected to restrain market growth.
  • Rising geriatric population worldwide is escalating market growth.

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.

Key Market Competitors

A 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

The electrosurgery generator unit is an important piece of equipment which is used in major operative settings and is considered among the most common and useful instruments used by surgeons today.

Market Definition

The electrosurgery generator unit is an important piece of equipment which is used in major operative settings and is considered among the most common and useful instruments used by surgeons today. An 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.

Market Drivers

  • Increased government spending in the healthcare field is driving market growth.
  • Growing numbers of bariatric surgeries are also expected to drive the growth of this market.
  • Increasing popularity of cosmetic surgeries is boosting the market.
  • Rising geriatric population worldwide also is escalating market growth.
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Market Restraints

  • Rising awareness of other non-invasive surgical techniques is expected to restrain market growth.
  • Increasing number of product recalls hinder market growth.
  • Intense competition among the market players may also restrain market demand.

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An 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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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 expand the product portfolio of the company
  • In May 2018, Olympus Corporation launched ESG-300 Electrosurgery Generator. This addition of the intuitive electrosurgery generator will help in increase the strength and wide portfolio of pulmonary and GI devices. This strategy helps expand 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.

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Rashi Pande

About Us Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. 
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