The global market for Ultrasonic Electrosurgical Devices was valued at US$ 4.2 billion in 2021, according to Future Market Insights’ newly released Ultrasonic Electrosurgical Devices Market analysis report, and is expected to rise at a CAGR of 6.1% during the forecast period to reach a market valuation of US$ 8 billion by 2032. During the forecast period, the global market is expected to surge at an absolute dollar opportunity of US$ 3.5 billion.
The increasing number of surgeries, rising prevalence of chronic diseases, increased minimally invasive surgeries, and advancements in surgical techniques are driving market growth. Furthermore, the growing importance of patient safety and strategic initiatives in complex surgeries has prompted leading market participants to develop ultrasonic electrosurgical devices.
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Crucial information and forecast statistics covered in the Ultrasonic Electrosurgical Devices market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Ultrasonic Electrosurgical Devices Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Ultrasonic Electrosurgical Devices market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Ultrasonic Electrosurgical Devices market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Ultrasonic Electrosurgical Devices market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Ultrasonic Electrosurgical Devices Market: Segmentation
Valuable information covered in the FMI’s Ultrasonic Electrosurgical Devices market report has been segregated into key segments and sub-segments.
By Product Type:
- Generators
- Consumables
By Type:
- High-intensity Focused Ultrasonic (HIFU) Ablators
- Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators
- Ultrasonic Surgical Ablation Systems
- Shock Wave Therapy Systems
By Application:
- Cardiology
- Gynecology
- General Surgery
- Urology
- Bariatric Surgery
- Other Applications
By End-use:
- Hospitals
- Ambulatory Surgery Centers
- Other End-uses
Ultrasonic Electrosurgical Devices Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Ultrasonic Electrosurgical Devices market. Competitive information detailed in the Ultrasonic Electrosurgical Devices market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Ultrasonic Electrosurgical Devices market report.
Key players covered in the report include:
- Ethicon – Endo-Surgery
- Olympus Corporation
- Medtronic
- Misonix Inc.
- BOWA-electronic GmbH
- Söring GmbH
- Advanced Instrumentations
- Reach Surgical
- ITALIA MEDICA SRL
- SonaCare Medical
- Miconvey
Important Questions Answered in the Ultrasonic Electrosurgical Devices Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Ultrasonic Electrosurgical Devices market been expanding during the forecast period?
- How will the global Ultrasonic Electrosurgical Devices market look like by the end of the forecast period?
- What innovative strategies are adopted by Ultrasonic Electrosurgical Devices market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Ultrasonic Electrosurgical Devices market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Ultrasonic Electrosurgical Devices market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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