The global Ultrasonic Electrosurgical Devices Market size is expected to reach USD 5.45 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.04% from 2021 to 2028. The rising volume of surgical procedures owing to the growing prevalence of chronic diseases, rising adoption of minimally invasive surgeries, and developments in minimally invasive surgical techniques, including laparoscopy, have resulted in the development of ultrasonic electrosurgical devices by major market players. This is expected to contribute to the market growth. The presence of a large number of players and the growing number of strategic initiatives by the players to enhance their product portfolios are expected to boost the market growth.
The rising prevalence of various types of cancer such
as breast cancer, colon cancer, prostate cancer, and lung cancer is anticipated
to boost the demand for ultrasonic electrosurgical devices for the treatment
and surgery of various tumors in the body. Cancer is considered a universal
healthcare problem as it is one of the leading causes of death. Furthermore,
the increasing incidence of cancer across the globe is predicted to boost the
demand for ultrasonic electrosurgical devices. Thus, the growing prevalence of
cancer throughout the globe is projected to create high growth opportunities
for the market players over the forecast period.
A large number of surgical procedures are performed
around the world. According to OMICS International Conferences, 2015, around
234 million surgical procedures are performed annually. According to the Agency
for Healthcare Research and Quality (AHRQ), in 2012, 14.4 million hospital
visits resulted in invasive, therapeutic surgeries, of which 46.9% surgeries
were performed in inpatient settings and 53.1% were performed in ambulatory
settings across 28 states in the U.S. This is expected to positively influence
the demand for ultrasonic electrosurgical devices in the coming years. Several
manufacturers are focusing on developing technologically advanced ultrasonic
electrosurgical devices to maintain a strong market presence.
Related Press Release@ Ultrasonic Electrosurgical Devices Market Report
Ultrasonic Electrosurgical
Devices Market Report Highlights
- Based on product, ultrasonic electrosurgical consumables accounted
for the largest revenue share in 2020. They are generally disposable and
have low durability compared to the ultrasonic electrosurgical generators
- By type, the high-intensity focused ultrasonic (HIFU) ablators
segment held the largest share in 2020. This is attributed to the factors
such as lowered toxicity as compared with the other techniques of
ablation, minimal pain due to non-invasiveness, and low cost of procedure
than surgery
- On the basis of application, the cardiology segment held the
largest share in 2020. The increasing prevalence of cardiovascular
diseases globally is anticipated to boost the segment growth
- The hospitals end-use segment is predicted to expandat the fastest
growth rate over the forecast period due to the increasing number of
patient visits and advanced infrastructure in hospitals as compared to
other healthcare facilities
- North America dominated the market in 2020 and is predicted to
maintain its lead over the forecast period. This is attributed to the
increasing number of preventive surgeries and the growing burden of
chronic disorders, such as cancer, diabetes, and autoimmune diseases
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