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Electrosurgical Devices Market to Reach USD 10.4 Billion by 2034, Fueled by Advanced Technology Ensuring Precision and Safety | Transparency Market Research

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The rise in minimally invasive surgeries is a key driver for the global electrosurgical devices market growth, as these procedures require precise and efficient surgical tools.

WILMINGTON, Del., July 15, 2024 /PRNewswire/ — The global electrosurgical devices market stood at US$ 5.9 billion in 2023, and the global market is projected to reach US$ 10.4 billion in 2034. The electrosurgical devices market is anticipated to expand at a CAGR of 5.3% between 2024 and 2034.

The global electrosurgical devices market is experiencing significant growth, primarily driven by the increasing number of minimally invasive surgeries. These procedures, favored for their reduced recovery times, lower risk of complications, and shorter hospital stays, are becoming more prevalent across various medical specialties, including general surgery, gynecology, urology, and orthopedics. As a result, the demand for advanced electrosurgical devices, which offer precision and efficiency in tissue cutting, coagulation, and ablation, is rising.

Technological advancements and scientific innovations have played a crucial role in propelling the electrosurgical devices market. Modern electrosurgical units are now equipped with enhanced features such as improved energy delivery systems, real-time monitoring, and feedback mechanisms. These advancements ensure greater precision and safety during surgical procedures, minimizing the risk of thermal damage to surrounding tissues.

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Moreover, the aging global population and the rising incidence of chronic diseases such as cancer, cardiovascular diseases, and obesity-related conditions are contributing to the increased demand for surgical interventions, including minimally invasive techniques. Electrosurgical devices are essential in these procedures, providing reliable and effective solutions for tissue management and hemostasis.

However, the electrosurgical devices market faces challenges such as stringent regulatory requirements and the high cost of advanced devices, which may hinder market growth to some extent. Despite these challenges, the ongoing trend towards minimally invasive surgical procedures and continuous technological advancements are expected to sustain the positive trajectory of the electrosurgical devices market in the coming years.

Electrosurgical Devices Market Report Scope:

Report Coverage

Details 

Forecast Period  

2024-2034

Base Year  

2020-2022

Size in 2023

US$ 5.9 Bn

Forecast (Value) in 2034

US$ 10.4 Bn

Growth Rate (CAGR) 

5.3 %

No. of Pages 

145 Pages 

Segments covered 

By Product Type, By Application, By Region, By End-user

Key Takeaways of Market Report

Global electrosurgical devices market to generate absolute dollar opportunity worth US$ 10.4 billion until 2034.Global electrosurgical devices market is valued at US$ 5.9 billion in 2023.North America is forecasted to hold the largest share in 2023.

Electrosurgical Devices Market: Growth Drivers

The electrosurgical accessories segment is projected to dominate the global market throughout the forecast period, driven by several key factors. Accessories such as electrodes, cables, and patient return electrodes play a crucial role in enhancing the effectiveness and applicability of electrosurgical procedures.Electrosurgical devices are integral to modern surgical practices due to their ability to provide precise tissue cutting, coagulation, and hemostasis, thereby minimizing blood loss and accelerating recovery times.The efficiency and reliability of these devices have made them indispensable in a wide range of surgical specialties, from general surgery to specialized fields like orthopedics and dermatology.

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Electrosurgical Devices Market: Regional Landscape

North America maintained a significant share of the global electrosurgical devices market in 2023, driven by the high volume of surgical procedures in the United States. Surgeons in the United States alone perform approximately 64 million surgeries annually, covering a wide spectrum from routine dental procedures to complex open-heart surgeries.This robust surgical activity underscores the strong demand for advanced electrosurgical devices that offer precise tissue cutting and coagulation capabilities, thereby driving the market growth in the region.Asia Pacific is poised for substantial market expansion in the forecast period, fueled by a surge in surgical procedures driven notably by medical tourism. Countries in the region, including India, Thailand, and Singapore, are witnessing an increase in surgical interventions as they attract patients from around the world seeking cost-effective treatments.This rise in surgical volumes is boosting the demand for electrosurgical devices that enable efficient tissue management and enhance surgical outcomes, thereby contributing to the growing revenue of the electrosurgical devices market in Asia Pacific.

Electrosurgical Devices Market: Key Players

In 2023, CONMED Corporation introduced the Edge™ Electrosurgical Generator System. This innovative system represents a significant advancement in the field of electrosurgery, offering enhanced capabilities for precise tissue cutting and coagulation.In 2023, Medtronic expanded its portfolio in the electrosurgical devices market with the launch of the Valleylab™ FT10 Energy Platform. This platform integrates advanced energy delivery technologies to enhance surgical precision and safety. The Valleylab™ FT10 offers surgeons superior control over tissue management, supporting a wide range of surgical procedures from routine to complex cases.

Electrosurgical Devices Market: Segmentation

Product Type

Radiofrequency Electrosurgical DevicesMonopolar DevicesBipolar DevicesElectrocautery DevicesMonopolar DevicesBipolar DevicesElectrosurgical Accessories

Application

General SurgeryDermatological SurgeryCardiac SurgeryOrthopedic SurgeryGastrointestinal SurgeryOthers

End User

HospitalsSpecialty ClinicsAmbulatory Surgical Centers

Region

North AmericaEuropeAsia PacificMiddle East & AfricaLatin America

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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HYPERGROWTH CX SOFTWARE PROVIDER ANNOUNCES NEW HIRES TO FUEL UK GROWTH AND US EXPANSION

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CloudInteract announces new senior hires to support UK growth and US expansion, as it sets sights on supporting an industry predicted to grow to over USD 22 billion by 2030

LONDON, Sept. 24, 2024 /PRNewswire/ — CloudInteract, a rapidly growing, UK-based provider of customer experience (CX) platforms, announces new senior hires to support its UK growth plans and expansion into the US market.

Founded by customer workplace communications experts, Nick Seagrave and Simon Leyland, CloudInteract launched in 2023, providing customers, including education provider, Pearson, life sciences enterprises, and online consumer services providers, such as Swoop with innovative CX software, as well as supporting industry partners, including Amazon Web Services.

Through the delivery of AI-driven platforms and omnichannel systems, CloudInteract empowers companies to scale and continuously adapt to their evolving customer service needs.

Simon Leyland, CEO and co-founder of CloudInteract, explains, “CloudInteract was born out of Nick’s and my mission to reimagine customer experience, by making contact centre interactions better for both customers and users alike. We understand that in a world full of technology providers, the difference lies in how technology transforms real-world experiences.”

To support its UK growth plans and expansion of its US presence, CloudInteract has onboarded new talent to its 50% female senior leadership team. The company recently welcomed Marketing Director, Louise Mahrra, Head of Business, North America, Nancy Van Delist and UK Head of Business Development, Julian Degg.

They will work alongside Change Director, Eliza Taylor and co-founders, Chief Technology Officer, Nick Seagrave and CEO Simon Leyland.

“As CloudInteract expands its operations and brings in new talent to support strategic growth in an industry predicted to mature to over USD 22 billion by 2030, we are firmly fixated on helping businesses unlock the full potential of their customer experience platforms by turning every interaction into a competitive advantage.”

“By doubling down on our investment in people, partnerships, and platforms, we’re positioning CloudInteract as the go-to partner for businesses that want to unlock the power of AI, data, and communication to transform their customer interactions,” concluded Simon.

About CloudInteract: https://www.cloudinteract.io/ 

CloudInteract builds customer experience platforms to unlock the potential of data to improve customer interactions. Our solutions leverage AI, automation, and integration to create smarter, seamless customer experiences that are built to last.

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Tata Elxsi Delivers World’s First RDK-B Integration on Qualcomm 5G Fixed Wireless Access Platform

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SAN DIEGO and BENGALURU, India, Sept. 24, 2024 /PRNewswire/ — Tata Elxsi, a global leader in design and technology services, today announced the successful integration of the RDK-B software stack with the Qualcomm® 5G FWA Gen 3 Platform. This first-of-its-kind integration opens a new pathway for operators to deliver fast, reliable, and scalable high-speed FWA solutions. Integration of the RDK-B middleware includes key features, such as Wi-Fi 6 connectivity, packet statistics, and advanced security options, ensuring the platform is versatile and can be deployed in both indoor and outdoor environments. Operators can now deliver value-added services, like Quality of Service (QoS), band steering, parental control, and VPN, enhancing the overall broadband experience. 

Gautam Sheoran – VP and GM, Wireless Broadband and Communications at Qualcomm Technologies, Inc., stated: 

“We are proud to collaborate closely with Tata Elxsi, who has leveraged their considerable expertise to port the RDK-B stack to our 5G FWA Gen 3 Platform, featuring the Snapdragon® X75 Modem-RF System. This critical step empowers operators to accelerate time-to-market, deliver high performance FWA solutions, and reduce development efforts, as they deploy powerful new FWA CPE solutions. We look forward, through continued collaboration with Tata Elxsi, to expanding our engagement with the broader RDK community, giving operators more choices and flexibility in deploying state-of-the-art solutions.”

Priya S Kumar – Head, Media and Communications at Tata Elxsi, stated:

“This integration broadens the RDK ecosystem and silicon diversity, which has traditionally centered on wired technologies like DOCSIS and Fiber-to-the-Home (FTTH). By incorporating RDK-B into the cellular-managed WAN space, Tata Elxsi is excited to collaborate in positioning the Snapdragon X75 platform as a future-ready solution for high-performance broadband applications. Tata Elxsi’s continuous commitment to the RDK ecosystem enables SoCs, OEMs and operators to rapidly innovate and scale, addressing the demands of next-generation broadband technologies.”

Looking ahead, Tata Elxsi will upgrade the platform to include next-generation features such as Wi-Fi 7. This upgrade will further enhance FWA devices, offering operators more flexible, scalable, and cost-effective solutions, setting the stage for the next generation of wireless innovation. 

About Tata Elxsi

Tata Elxsi is among the world’s leading design and technology services providers across industries, including Automotive, Broadcast, Communications, Healthcare and Transportation.

We are helping customers reimagine their products and services through design thinking and applying digital technologies, such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality and Artificial Intelligence. For more information, visit www.tataelxsi.com

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon is a trademark or registered trademark of Qualcomm Incorporated.

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Huawei Calls to Expand Partnerships to Drive Global Digital Inclusion through TECH4ALL

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SHANGHAI, Sept. 24, 2024 /PRNewswire/ — At the TECH4ALL Digital Inclusion Forum hosted at Huawei Connect 2024, Huawei called for more partners to join its TECH4LL initiative to drive global digital inclusion.

Launched in 2019 and aligned with the UN SDGs, TECH4ALL is Huawei’s long-term action plan for enabling an inclusive and sustainable digital world, focusing on the education, environment, health, and development domains.

At the forum, attendees explored TECH4ALL inclusion projects and digital inclusion advances in China outlined in the 2024 China Digital Inclusion Report produced by China Academy of Information and Communications Technology (CAICT).

“Promoting digital inclusion can not only effectively deal with problems that may exist in the development and application of digital technology, but also improve the realization of our overall goals,” said Xin Yongfei, Director of the CAICT Institute for Policy and Economics.

Discussions focused on how technology can help bring down barriers to information accessibility, equal opportunities, and a high quality of life. A key theme at the forum concerned the importance of cross-sector partnerships in maximizing the efficacy of inclusion projects such as those Huawei’s runs under TECH4ALL.

“Huawei is a committed to supporting China’s digital inclusion strategy,” said Jeffrey Zhou, President of ICT Marketing at Huawei. “We work with governments, enterprises, scientific research institutions, universities, and NGOs to implement projects that provide a useful reference for the world to seize the opportunities of digital transformation and share the inclusive benefits of digitalization.”    

Partners from both the deaf and vision-impaired communities looked at the role of technology in enabling digital inclusion. Huawei shared how it considers the needs of people with disabilities, the elderly, and children from the beginning of product design. As well as Bluetooth connectivity for hearing aids, Huawei smartphones, provide 15 accessibility features that are used by around 10 million people each month. These include technologies that can identify and send alerts for job recommendations tailored for people with disabilities.

“As a visually impaired device user and Huawei partner, I think it’s crucial to share the message that technology can give everyone an equal opportunity to participate in society, use public resources, and help eliminate the digital divide,” said Yin Nan, Chairman of Tianjin Hongqiao District Blind Association.

With partners the China Association of the Deaf and E-Times Digital Technology, Huawei TECH4ALL has also developed the Trouble-Free Hearing app. Based on Huawei Cloud AI, the app provides speech-to-text and text-to-speech translation and a real-time online sign language hub for use in potentially complex situations such as healthcare, legal consultations, and at service windows.

The forum also explored education inclusion through the TECH4ALL China DigiSchool project, which aims to provide online resources and teacher training for the delivery of STEAM curriculum. To date, 4,800 teachers and students have benefited in 29 schools.

Huawei also runs a range of education and training initiatives across the globe, including the Open School project with UNESCO, Instant Schools Network with Vodafone Foundation, and Skills and Wheels projects with global and local partners. Skills on Wheels, for example, brings free digital skills training to remote communities via truck-mounted mobile classrooms, reaching 93,000 people in 18 countries so far.

TECH4ALL education projects have reached more than 400,000 people across the globe, with technology and partnerships the key to success of each project.

About Huawei TECH4ALL

TECH4ALL is Huawei’s long-term digital inclusion initiative. Enabled by innovative technologies and partnerships, TECH4ALL aims to promote inclusion and sustainability in the digital world.

For more information, visit the Huawei TECH4ALL website: https://www.huawei.com/en/tech4all 

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