The global direct energy medical devices market size is expected to reach USD 1.9 million by 2027, expanding at a CAGR of 4.3%, according to a new report by Grand View Research, Inc. The rise in the number of surgical procedures with the increasing prevalence of various chronic diseases globally is driving the market.
The rising incidence of chronic diseases as well as increasing preference for aesthetics has increased the number of surgical procedures globally. For instance, as per the statistics of Plastic Surgery Statistics Report, in 2018, a total of 10,607,227 cosmetic surgical procedures, and 12,659,147 nonsurgical cosmetic procedures were performed across the world. This has increased the demand for direct energy medical devices, thus, boosting the market growth.
Technological advancements associated with direct energy medical devices is stimulating the demand in the market. As the equipment utilizes laser, plasma, intense pulsed light, radiofrequency, and other kinds of heat, light, or sound energies to perform almost painless, quick, non-invasive, or minimally invasive treatments. Due to these advantages, direct energy medical devices are being adopted gradually, thus the market is growing considerably.
Furthermore, the incorporation of new technologies and the introduction of new products by market players are likely to boost market growth during the forecast period. For instance, in May 2019, Boston Scientific launched ESG-150 Electrosurgery Generator, which delivers high-frequency electrical current to power numerous endoscopic devices.
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Direct Energy Medical Devices Market Report Highlights
- On the basis of type, the radio frequency segment dominated the market in 2019. Enhanced safety and ease of use compared with other types are contributing to segment growth. The equipment utilizes radiofrequency waves to eliminate or reduce the transmission of pain in the body, non surgically
- Based on application, the orthopedics segment dominated the market in 2019 owing to the high prevalence of musculoskeletal diseases and conditions, particularly with the aging population
- North America dominated the market with the highest revenue share of 48.5% in 2019 owing to the increasing incidences of chronic disorders and growing aesthetic concern amongst people in the continent.
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Direct Energy Medical Devices Market Segmentation
Grand View Research has segmented the global direct energy medical devices market on the basis of type, application, and region:
Direct Energy Medical Devices Type Outlook (Revenue, USD Million, 2016 – 2027)
Direct Energy Medical Devices Application Outlook (Revenue, USD Million, 2016 – 2027)
Direct Energy Medical Devices Regional Outlook (Revenue, USD Million, 2016 – 2027)
- North America
- The U.S.
- The U.K.
- Asia Pacific
- South Korea
- Latin America
- The Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
List of Key Players of Direct Energy Medical Devices Market
- CONMED Corporation
- Boston Scientific Corporation
- Stryker Corporation
- Olympus Corporation
- B. Braun Melsungen AG
- Ethicon, Inc.
- Karl Storz
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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