The global Direct Energy Devices Market size was USD 21.4 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.5% during the forecast period. Rising demand for technologically improved medical equipment, increasing prevalence of chronic diseases, and preference for less invasive surgeries are major factors driving market revenue growth.
Direct Energy Devices involve usage of sophisticated components such as combined monopolar, bipolar, ultrasonic energy, dynamic heat engines, electrostatic direct collectors, solar cells, and magnetic convertors. In addition, rising elderly population, which is susceptible to chronic diseases, is also driving revenue growth of the market.
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Major Companies:
- Abbott Laboratories
- AtriCure, Inc.
- Boston Scientific Corporation
- Cynosure LLC
- Hologic Inc.
- Johnson Johnson Services, Inc.
- Medtronic
- Olympus Corporation
- Stryker Corporation
- Smith Nephew PLC
Strategic Development:
On 7 September 2021, Stryker Corporation announced the acquisition of Gauss Surgical, a medical device company that develops AI-enabled software solutions to help clinicians optimize blood loss management. This acquisition aimed to enhance Stryker's portfolio of Direct Energy Devices by integrating Gauss Surgical's innovative technology.
On 2 September 2021, Abbott Laboratories acquired Walk Vascular, a privately held medical device company that develops devices for treatment of peripheral arterial disease. This acquisition was aimed at enhancing Abbott's portfolio of Direct Energy Devices and enhancing its position in the vascular market.
Direct Energy Devices Market Segmentation:
By Product Type Outlook:
- Lasers
- Radiofrequency
- Microwave
- Ultrasound
- Others
By Application Outlook:
- Aesthetic Surgery
- Dermatology
- Cardiology
- Oncology
- Ophthalmology
- Otology
- Others
Key questions addressed in the report:
- What is the expected market size of the global Direct Energy Devices market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Direct Energy Devices market?
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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