The global direct energy medical devices market is anticipated to value USD 1.9 billion by 2027. It is also expected to register a 4.3% CAGR over the forecasted period, 2020 to 2027. The rising adoption of non-invasive surgical procedures for enhancing the safety and security of patients is projected to propel the growth of the market.
The radio frequency segment held the share of 25.4% across the global market owing to the features like less recovery time, quick pain relief, and non-surgical treatment. The other type segment is anticipated to gain the fastest CAGR of 5.3% in the upcoming years due to their reduced maintenance costs and low power consumption.
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The segment of orthopedics accounted for the highest share of 23.6% across the global market in 2019 on account of the rising prevalence of orthopedic conditions and related diseases among the geriatric population. On the other hand, the aesthetics application segment is projected to witness significant growth with 5.8% CAGR due to the rise in the number of obese population and increasing awareness about aesthetic procedures prevailing among patients and medical practitioners.
In 2019, North America accounted for the highest share of 48.5% across the global direct energy medical devices market owing to the rising presence of advanced healthcare facilities across the U.S. and Canada. The Asia Pacific is projected to register significant growth over the forecasted years, 2020 to 2027 due to the rising medical tourism, surging expenditure on healthcare, and larger patient base across countries like India and China.
The market for direct energy medical devices across the globe includes key players such as Olympus Corporation, Stryker Corporation, CONMED Corporation, Medtronic, Ethicon, Inc., and Karl Storz. Rapid product development and innovation are carried out by these players to gain a cutting edge advantage over other players.
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Further key findings from the report suggest:
• In 2019, the radio frequency segment held the share of 25.4% across the global market.
• The aesthetics application segment is projected to witness significant growth with 5.8% CAGR from 2020 to 2027.
• North America accounted for the highest share of 48.5% across the global direct energy medical devices market in 2019.
• The key players operating in this market are Olympus Corporation, Stryker Corporation, CONMED Corporation, Medtronic, Ethicon, Inc., and Karl Storz.
Million Insights 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 & Africa (MEA)
• South Africa
• Saudi Arabia
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