Electrosurgery Market Procurement Intelligence Report With COVID-19 Impact Analysis | Global Forecasts, 2020-2030 | InsightSLICE
The Electrosurgery Market was worth US$ 5.8 Billion in 2019 and is expected to grow at a CAGR of 5.2% through 2030. Electrosurgery works on the principle of electrical current created through the movement of electrons owing to voltage. An electrosurgical technology is used in electrosurgery, transforms the quality by converting frequency to a higher version of 3, 00, 000 to 5, 00,000 Hertz from 50 to 60 Hertz respectively. The growth in electrosurgery market is driven by technological advancements in electrosurgical instruments, the increasing demand for minimally invasive surgeries, and the growing number of medical, cosmetic, and age-related surgeries. Additionally, technological advancements in electrosurgical instruments and the increasing number of cosmetic and plastic surgeries are stimulating the expansion of this segment. However, risks related to electrosurgical procedures are expected to restrict the expansion of the electrosurgery market. Also, there are some risks associated with these procedures such as alternate surgical fires or site burns, which might limit the market growth during the forecast period. According to a report published by National Institute of Aging, more than 8.5% of world population ages above 65 years and are at a greater risk of developing chronic diseases, which successively, increases the demand for electrosurgery procedures. Moreover, increasing geriatric population, and therefore the increasing prevalence of chronic diseases associated with kidneys and heart, among others are few factors that are expected to fuel the expansion of the marketplace for electrosurgery. Patients with cochlear implants, cardiac and gastric pacemaker implants, an Implantable Cardioverter Defibrillator (ICDs) are not advised to travel under electrosurgery, owing to it can lead to fatal adverse effects.
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