Global Vessel Sealing Devices Market: Overview
This report comprises an elaborate executive summary, including a snapshot that provides information about various segments of the global vessel sealing devices market. The report also provides information and data analysis of the global market with respect to its segments based on product, surgery, application, energy, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the overview section. Additionally, the section comprises a competitive matrix and company profiles along with business overview to project the competitive landscape of the market. It also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario prevailing in the global vessel sealing devices market.
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Global Vessel Sealing Devices Market – Snapshot
The global vessel sealing devices market was valued at US$ 3.2 Bn in 2017 and is projected to reach US$ 5.1 Bn by 2026 at a CAGR of 5.2% from 2018 to 2026. The market is characterized by innovations by market players to offer products to reduce complications of vessel sealing and rise in patient preference for outpatient settings due to reduced surgical procedural costs. The global vessel sealing devices market is witnessing increase in demand for technologically advanced instruments that come directly in contact with the patient body and reduce the risk of infection, which is a major factor for rise in adoption rate of single-use instruments. Constant innovations leading to superior technological advancements, surge in the number of minimally invasive surgical procedures performed each year due to rise in availability of skilled personnel, and increase in government initiatives to increase access to elective surgery are the major factors anticipated to drive the global vessel sealing devices market during the forecast period.
The global vessel sealing devices market is all set to register high growth trajectory during the forecast period of 2018 to 2026. Key reason for this stupendous growth is increased demand for vessel sealing devices from the healthcare sector of all worldwide locations. Vessel sealing devices find application in various laparoscopic and open surgical procedures. Thus, the market for vessel sealing devices is expected to witness remarkable demand avenues from various end-users such as hospitals, specialty clinics, and ambulatory surgical centers.
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Global Vessel Sealing Devices Market: Regional Outlook
In terms of region, the global vessel sealing devices market has been segmented into five major regions: North America (the U.S., Canada), Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Market size and forecast for each of these regions and their key countries have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period 2018–2026, considering 2017 as the base year.
Companies Mentioned in the Report
The report profiles major players operating in the global vessel sealing devices market in terms of attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the report include Bovie Medical Corporation, Medtronic, B. Braun Melsungen AG, Ebre Elektromedizin GmbH, Boston Scientific Corporation, Olympus Corporation, Ethicon (a Johnson and Johnson Company), Symmetry Surgical, Inc., OmniGuide Holdings, Inc., CONMED, KLS Martin, and JustRight Surgical, LLC.
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