DALLAS, February 27, 2012 /PRNewswire/ --
ReportsnReports adds new market research report 'Electrosurgical Devices Market - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2018' to its store. The global electrosurgical devices market is expected to reach $1,412.8m by 2018 growing at a CAGR of 5%. The market is expected to be driven by the growing demand for minimally invasive procedures and technology advances that make surgery safer and less destructive to the surrounding tissue.
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Covidien, Erbe and ConMed Lead the Global Electrosurgical Devices Market
The global electrosurgical devices market is dominated by three companies - Covidien, Erbe and ConMed. Covidien is the market leader with nearly 40% market share. Erbe is the second largest market player with an 11% market share. Erbe has a strong presence in European countries such as Germany. The company also has a significant presence in the US electrosurgical devices market. ConMed is the third largest market player with an 8% market share. ConMed displays strong presence in both the US and Asia-Pacific markets. Other significant market players include Bovie, KLS Martin, B. Braun and Bowa. However, all of these companies have less than 5% market shares in the global market.
Technology Advances Addressing Problems Such as Collateral Tissue Damage and Eschar are Enhancing the Performance of Electrosurgery and Leading to Greater Adoption
New technologies protect tissue surfaces from thermal damage, as well as reduce eschar formation and limit tissue sticking.. Sticking and charring is undesirable since it can result in unintentional damage to delicate tissue. Eschar on electrodes increases the impedance and presents a fire hazard. It also results in longer surgery time since the tools need to be constantly removed and cleaned of the charred tissue. Examples include Isocool Tips by Codman and PlasmaBlade technology by Peak Surgicals.
In-built features in the electrosurgical generators allow surgeons to closely monitor tissue impedance and adjust the voltage accordingly. The innovative design of cutting and coagulation accessories also helps to control the temperature of the tissue and prevent charring and sticking. These are expected to drive their adoption among surgeons.
Growing Number of Procedures Performed at the Doctor's Office to Drive the Sales of Electrosurgical Generators Designed Specifically for Outpatient Surgeries
Multiple procedures, such as loop electrosurgical excision procedures (LEEP) and the removal of superficial skin lesions, tags, warts and cysts, are now routinely performed as outpatient procedures. In recent years, there has been a significant increase in the number of outpatient procedures compared to inpatient procedures. The reason for this is that outpatient procedures can be performed at a much lower cost than inpatient procedures. Inpatient procedures are inherently costlier since they require the patient to spend some days at the hospital. In contrast, most outpatient surgeries are performed during the day with the patient able to leave at the end of the day. Thus, they offer patients greater convenience in terms of location, the ability to schedule surgery quickly, and shorter waiting times.
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