Monopolar Electrosurgery Instrument Market: Cardiovascular Surgery Segment Is Expected To Account For The Highest Growth

 Monopolar Electrosurgery Instrument Industry Overview

The global monopolar electrosurgery instrument market size is estimated to be valued at USD 1.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2027. Increasing preference for minimally invasive surgeries, rising adoption of monopolar electrosurgery instrument by laparoscopic surgeons, and increasing prevalence of chronic conditions are some of the major factors driving the market.

Gather more insights about the market drivers, restrains and growth of the Global Monopolar Electrosurgery Instrument market

Minimally invasive surgeries help in minimizing post-surgical complications, offer faster recovery and lower readmittance rates, thus reducing overall treatment cost. A study in The Journal of the American Medical Association stated that open surgery requires an average hospital stay of 7.4 days, while the hospital stays for laparoscopic and thoracoscopic surgeries is for 4.5 days. The study further stated that the total cost of care for minimally invasive surgeries was 23.0% less than open surgery. According to the researchers at Johns Hopkins, preventing post-surgical complications saved about USD 300 million annually by opting for minimally invasive procedures.


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Monopolar Electrosurgery Instrument Market Segmentation

Grand View Research has segmented the global monopolar electrosurgery instrument market based on type, application, end use, and region.

Monopolar Electrosurgery Instrument Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Hand Instrument
  • Generator
  • Dispersive electrodes
  • Accessories

 

Monopolar Electrosurgery Instrument Application Outlook (Revenue, USD Million, 2016 - 2027)

  • General surgery
  • Neurosurgery
  • Cardiovascular surgery
  • Others

 

Monopolar Electrosurgery Instrument End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Hospitals
  • Specialty clinics
  • Ambulatory Surgical centers

 

Monopolar Electrosurgery Instrument Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies profiled:

Some prominent players in the global Monopolar Electrosurgery Instrument market include

  • Conmed
  • Olympus Corporation
  • Medtronic Plc
  • KLS Martin
  • Braun Melsungen AG
  • Stryker
  • Apyx Medical Corporation
  • Johnson & Johnson
  • Integra LifeSciences
  • Stingray Surgical Products, LLC
  • Surgical Holdings

 

Order a free sample PDF of the Monopolar Electrosurgery Instrument Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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