Global Electrosurgical Devices Market to Surpass US$

Seattle, Oct. 13, 2022 (GLOBE NEWSWIRE) — According to Coherent Market Insights, the global electrosurgical devices market is estimated to be valued at US$ 6,892.4 million in 2022 and is expected to exhibit a CAGR of 6.8% during the forecast period (2022-2030).

Key Trends and Analysis of the Global Electrosurgical Devices Market:

Major players operating in the market are focusing on increasing product launch of electrosurgical devices, which is expected to drive the market growth over the forecast period. For instance, on September 28, 2022, Olympus, which is a Japanese manufacturer of optics and reprography products, launched THUNDERBEAT Open Fine Jaw Type X single-use hybrid ultrasonic and bipolar electrosurgical instrument for open surgery.

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Key Market Takeaways:

The global electrosurgical devices market is expected to exhibit a CAGR of 6.8% during the forecast period due to increasing inorganic strategies like partnership and acquisition by the key player. For instance, in July 2019, RoundTable Healthcare Partners, which is an operating-oriented private equity firm focused exclusively on the healthcare industry, announced that its portfolio company, Symmetry Surgical Inc., has entered into a definitive agreement to acquire the electrosurgical business and related intellectual property, inclusive of the Bovie brand, from Bovie Medical Corporation for a total enterprise value of US$ 97 million. The acquisition of Bovie Medical’s electrosurgical products complements Symmetry’s existing Olsen energy portfolio and will leverage the company’s sales force within operating room call points while expanding its offering of single-use surgical products.

Among application, general surgery segment is expected to hold a dominant position over the forecast period, owing to increasing number of surgeries. For instance, according to data…