Eletrocautery Enhanced Delivery System Market: Current Analysis and Forecast (2021-2027)
Emphasis on Product (Active Electrode, Dispersive Electrode, Others); Application (Cutting, Coagulating, Devitalization, Thermofusion); End-Users (Hospital, Diagnostic Centers, Specialty Clinics, Emergency Ambulatory Centers); and Region & Country.
Electrocautery Enhanced Delivery System Market is expected to exceed the market valuation of more than US$ XX million in 2027 and is expected to grow at a significant CAGR of XX% during the forecast period (2021-2027). Electrocautery is also known as thermal cautery. This process is better in reducing the bleeding during the LAMS process and lowers injuries during the process. Electrocautery enhanced delivery system is a precision device that enables therapeutic endoscopists in conducting the procedure safely and accurately at the gall bladder, bile duct, or pancreatic fluids collection. The key elements triggering the electrocautery enhanced delivery system market growth are stents needed for trans gastric and trans duodenal endoscopic drainage of symptomatic pancreatic pseudocyst. Additionally, electrocautery delivery systems prove faster and simpler to the patients which is enhancing their demand in the market.
Alcohol Consumption is a common cause of pancreatitis condition. The increase in alcohol consumption rate in the United States from just 7 liters in 2014 to 8.7 liters in 2021 may be affecting the increasing need for an electrocautery enhanced delivery system market. Furthermore, the availability of a wide range of electrocautery devices and electrodes, with varying working temperatures is further enhancing the market growth. These devices have also reduced the time of procedure and lowered exposure to X-ray imaging. Additionally, it also reduces the amount of anesthesia which are all the factors promoting the use of electrocautery enhanced delivery system market. Physicians can manage pancreatic surgeries using electrocautery enhanced delivery system devices using minimally invasive procedures.
As most pancreatitis’ cases are due to gallstones, the high prevalence of gallstones in the United States may have also helped the growth in the market. Gallstones affect almost 10-15% of the United States population i.e., almost 25 million people.
COVID-19 and Pancreatic Manifestations, 2019
Boston Scientific, McKesson Corporation, Symmetry Surgical, World Precision Instruments, Medline Industries, Inc., Medtronic Plc, Erbe Elektromedizian Gmbh, Smith and Nephew Plc, and Olympus Corporation are some of the prominent players operating in the Electrocautery Enhanced Delivery System market. American company like Boston Scientific is the key payers in the electrocautery enhanced delivery systems market industry and was the first stent to be introduced in the market. In 2019, Boston Scientific made net sales of US$ 1.894 billion through their endoscopy products which include the electrocautery enhanced delivery system devices, this was 18% of their net sales in the year. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Product, Dispersive Electrode segment holds the major share”
Based on Product, the Electrocautery Enhanced Delivery System Market is segmented into Active Electrode, Dispersive Electrode, and Others. The dispersive electrode segment was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% from 2021-2027. This segment is dominant due to technological developments in the area. Dispersive electrodes are used to safely remove electrosurgical energy from patients during monopolar electrosurgery. They disperse radiofrequency (RF) energy as it returns to the generator. In the United States, the annual incidence of pancreatitis ranges from 4.9 to 35 per 100,000 population. This rate is increasing with the increase of obesity and gallstone worldwide promoting the growth of the electrocautery enhanced delivery systems market. Smoking may also increase the rate of pancreatitis and thus the need for electrocautery procedures.
“Amongst Application, Thermofusion segment holds the major share”
Based on Application, the Electrocautery Enhanced Delivery System Market is segmented into Cutting, Coagulating, Devitalization, and Thermofusion. Thermofusion accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by the year 2027, at a CAGR of XX% over the analyzed period. Electrocautery uses heat conduction using a direct electrical current. This can be accomplished by using DC from dry cells in a penlight-type device. Acute pancreatitis can lead to mortality due to systemic inflammatory response syndrome and organ failure in the first two weeks after diagnosis due to sepsis and its complications. According to UpToDate, the overall mortality rate due to acute pancreatitis is 5% and mortality rates with interstitial and necrotizing pancreatitis is 3% and 17% respectively. Electrocautery devices have helped in decreasing these mortality rates, and the increasing cases of pancreatitis are making the treatment more popular.
“Amongst End-User, Hospitals segment holds the major share”
Based on End-User, the market is divided into Hospitals, Diagnostic Centers, Specialty Clinics, and Emergency Ambulatory Centers. The hospitals’ segment generated revenue of US$ XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX million by 2027F. The high revenue of hospitals lies in the fact that there are more caregivers and facilities present in the hospital. Additionally, electrocautery treatments require long stays for recovering as the patients are most vulnerable right after the surgery. Hospitals can provide the best care in post-operative recovery procedures.
“North America represents one of the largest markets of Electrocautery Enhanced Delivery System Market”
For a better understanding of the market dynamics of the Electrocautery Enhanced Delivery System Market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. North America dominated the market and grabbed around XX% market share owing to the increasing prevalence of pancreatitis, presence of key players, and high-end healthcare infrastructure.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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Table of Contents
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Electrocautery Enhanced Delivery System market were the three major steps undertaken to create and analyze the adoption of Electrocautery Enhanced Delivery System in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Electrocautery Enhanced Delivery System market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Electrocautery Enhanced Delivery System through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Electrocautery Enhanced Delivery System market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of the Electrocautery Enhanced Delivery System in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Electrocautery Enhanced Delivery System. Further, we conducted factor analysis using dependent and independent variables such as the rise of the geriatric population and awareness among people. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Electrocautery Enhanced Delivery System sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Electrocautery Enhanced Delivery System market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Electrocautery Enhanced Delivery System across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Electrocautery Enhanced Delivery System market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Electrocautery Enhanced Delivery System market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and their type of the Electrocautery Enhanced Delivery System market.
The main objective of the Electrocautery Enhanced Delivery System Market Study
The current & future market trends of the Electrocautery Enhanced Delivery System were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Electrocautery Enhanced Delivery System in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and their subtypes
- Define and analysis of the regulatory framework for the Electrocautery Enhanced Delivery System industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Electrocautery Enhanced Delivery System market for the major region
- Major regions studied in the report include North America (U.S, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and the Rest of the World
- Company profiles of the Electrocautery Enhanced Delivery System market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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