PUBLISHER: The Business Research Company | PRODUCT CODE: 1531945
PUBLISHER: The Business Research Company | PRODUCT CODE: 1531945
An electrocautery-enhanced delivery system is a precision device designed to enable therapeutic endoscopists to safely and accurately access the bile duct, gallbladder, or pancreatic fluid collection from the gastrointestinal tract and place a stent. This system combines a cautery-enabled access catheter with the therapeutic stent for a streamlined, exchange-free procedure.
The main product types of electrocautery-enhanced delivery systems are active electrodes and dispersive electrodes. An active electrode is a metal electrode that actively participates in the chemical reactions occurring in an electrochemical cell. These are used in various applications such as cutting, coagulating, devitalization, thermodiffusion and also by various end users such as hospitals, diagnostics centers, specialty clinics, and emergency ambulatory centers.
The electrocautery enhanced delivery system market research report is one of a series of new reports from The Business Research Company that provides electrocautery enhanced delivery system market statistics, including electrocautery enhanced delivery system industry global market size, regional shares, competitors with an electrocautery enhanced delivery system market share, detailed electrocautery enhanced delivery system market segments, market trends and opportunities, and any further data you may need to thrive in the electrocautery enhanced delivery system industry. This electrocautery enhanced delivery system research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electrocautery enhanced delivery system market size has grown strongly in recent years. It will grow from $2.73 billion in 2023 to $2.89 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historic period can be attributed to improved patient outcomes, enhanced precision and control, reduced recovery times, increased use across various surgical applications, and greater efficiency in surgical procedures.
The electrocautery enhanced delivery system market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The projected growth can be attributed to the rising demand for minimally invasive surgeries, the growing prevalence of chronic diseases, an increase in electrosurgical procedures, heightened demand for electrocautery devices in hospitals, and greater use in diagnostic centers. Key trends expected in the forecast period include advancements in electrocautery technology, the adoption of new surgical methods, improved electrocautery devices, increased demand for advanced surgical tools, and ongoing advancements in medical technology.
The rising prevalence of chronic diseases is expected to drive the growth of the electrocautery-enhanced delivery system market in the future. Chronic diseases are long-lasting conditions that typically require ongoing medical care and can limit daily activities or quality of life. Various chronic diseases and health conditions, including diabetes, heart disease, cancer, chronic obstructive pulmonary disease (COPD), and others, are major causes of illness, disability, and death globally. The increasing prevalence of chronic diseases is attributed to exposure to air pollution, chemicals, toxins, lifestyle changes, and genetic factors. Electrocautery-enhanced delivery systems provide versatile and effective solutions for managing chronic diseases by offering precise, targeted, and minimally invasive interventions tailored to each patient's needs. For example, in May 2021, according to the National Library of Medicine, a US-based medical library, the global cancer burden is projected to be 28.4 million cases by 2040, a 47% increase from 2020. Additionally, in January 2023, according to the National Center for Biotechnology Information, a US-based intergovernmental organization, there were 1,958,310 new cancer cases in the United States and 609,820 cancer deaths projected to occur in 2023. Therefore, the increasing prevalence of chronic diseases is driving the electrocautery-enhanced delivery system market.
Major companies in the electrocautery-enhanced delivery system market are developing innovative products such as Open Fine Jaw Type X surgical energy devices to enhance precision, optimize tissue sealing, and minimize thermal spread during surgical procedures. Open Fine Jaw Type X surgical energy devices are advanced tools used in surgical procedures, particularly in minimally invasive surgeries, representing a significant advancement in surgical technology by offering surgeons enhanced precision, control, and efficiency during a variety of procedures. For instance, in September 2022, Olympus, a Japan-based manufacturer of optics and reprography products, launched the THUNDERBEAT Open Fine Jaw Type X, a single-use hybrid ultrasonic and bipolar electrosurgical instrument for open surgery. The THUNDERBEAT Open Fine Jaw Type X is designed for open surgical procedures requiring delicate and fine tissue dissection, such as thyroidectomy or radical neck dissection. It features a new thermal shield at the distal tip that slows heat transfer and reduces the risk of unintended heat damage to surrounding tissue and vessels.
In July 2022, Boston Scientific, a US-based technology company, acquired M.I. Tech for an undisclosed amount. This acquisition aims to strengthen Boston Scientific's portfolio of stents and enhance its capabilities in the gastrointestinal and airway markets. M.I. Tech is a Korea-based technology company specializing in developing and manufacturing electrocautery-enhanced delivery systems.
Major companies operating in the electrocautery enhanced delivery system market are McKesson Corporation, Medtronic Plc, Boston Scientific Corporation, Medline Industries LP, B.Braun Melsungen AG, Olympus Corporation, Zimmer Biomet, Smith & Nephew, Teleflex Incorporated, Karl Storz GmbH & Co KG, ConMed Corporation, KLS Martin LP, Richard Wolf GmbH, Ethicon Inc., Pentax Medical Company, Cooper Surgical Inc., Hitachi Medical Systems GmbH, Symmetry Surgical Inc., Agfa HealthCare Corp., World Precision Instruments, Ellman International Inc., Taewoong Medical Co. Ltd., Erbe Elektromedizian GmbH, Bovie GmbH Co KG
North America was the largest region in the electrocautery enhanced delivery system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrocautery enhanced delivery system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electrocautery enhanced delivery system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electrocautery enhanced delivery system market consists of sales of guidewire compatibility, sterile and disposable. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electrocautery Enhanced Delivery System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electrocautery enhanced delivery system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electrocautery enhanced delivery system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electrocautery enhanced delivery system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.