Report ID: UCMIG35A2175
Report ID:
UCMIG35A2175 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The vessel sealing devices market is projected to grow at a CAGR of 9.04% from 2023 to 2030, with an estimated value of USD 1,510.0 million in 2022. The growth of the market is driven by factors such as increasing product development, a rise in surgical procedures, and a preference for minimally invasive surgeries. Medtronic, one of the leading companies in this market, reported record sales of USD 5.4 million for its surgical innovations portfolio, which includes advanced energy, stapling, and visualization devices.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2175