Electrosurgical Devices Market To Reach $8.51 Billion By 2030

 December 2024 | Report Format: Electronic (PDF)

Electrosurgical Devices Market Growth & Trends

The global electrosurgical devices market size is estimated to reach USD 8.51 billion by 2030, expanding at a CAGR of 3.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Shifting focus of surgeons from conventional surgical procedures toward minimally invasive procedures, such as electrosurgery, and growing competition amongst the participants have high impact on the market’s growth. Entry of local companies in the developing regions is expected to fuel the global market due to availability of affordable equipment.

Electrosurgeries are preferred over conventional procedures owing to advantages such as improved safety and ease of use. These advantages enable the use of such surgeries in sensitive procedures such as those related to neurology and ophthalmology. Electrosurgery is being used in various disciplines, such as gynecology, urology, gastroenterology, and general surgery. In addition, latest electrosurgical equipment enables the performance of procedures outside the operating room. Thus, the demand for these equipment is expected to rise in various disciplines during the forecast period. The growth is expected to experience impediment due to factors such as lack of skilled professionals and high price of the devices. Furthermore, most of the electrosurgical devices are categorized as Class III devices, which take considerably longer time for approval.

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Electrosurgical Devices Market Report

Electrosurgical Devices Market Report Highlights

• The study suggests that bipolar segment captured the largest share in 2023 and is expected to dominate throughout the forecast period
• Growing preference for bipolar electrosurgical devices over monopolar is a result of the advantages of the former, such as safe to use, convenience, and affordable prices. Monopolar equipment is still being used in minor surgeries and has the advantage of easy tissue cutting over bipolar equipment.
• Active electrode segment captured the largest share in 2023 and is expected to witness highest growth rate as compared to other products
• The introduction of innovative and technologically advanced electrodes and growing trends of using disposable electrodes are the factors driving the segment growth
• North America dominated in 2023, with the U.S. capturing the largest share
• Presence of a large number of players and high adoption rate of advanced medical devices are the factors driving growth in North America

Electrosurgical Devices Market Segmentation

Grand View Research has segmented the global electrosurgical devices market report based on method, product, and region:

Electrosurgical Devices Method Outlook (Revenue, USD Billion, 2018–2030)

• Monopolar
• Bipolar

Electrosurgical Devices Product Outlook (Revenue, USD Billion, 2018–2030)

• Electrosurgical Generators
• Active Electrodes
• Dispersive Electrodes
• Other Accessories

Electrosurgical Devices Regional Outlook (Revenue, USD Billion, 2018–2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Denmark
• Sweden
• Norway
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Argentina
• Middle East and Africa (MEA)
• KSA
• UAE
• South Africa
• Kuwait

List of Key Players of Electrosurgical Devices Market

• B. Braun Melsungen
• AG Boston Scientific Corporation
• Bovie Medical Corporation
• BOWA-electronic GmbH & Co. KG
• CONMED Corporation
• Erbe Elektromedizin GmbH
• Johnson & Johnson
• Medtronic
• Olympus Corporation
• Smith & Nephew Plc
• Innoblative Designs

Cancer Registry Software Market To Reach $172.4 Million By 2030

 December 2024 | Report Format: Electronic (PDF)

Cancer Registry Software Market Growth & Trends

The global cancer registry software market size is expected to reach USD 172.4 million by 2030, registering a CAGR of 12.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing incidence of cancer is expected to aid growth over the forecast period. Currently, cancer is the second leading cause of death globally, and according to WHO, around 70% of the deaths occur in low- and middle-income countries.

Moreover, rising adoption of Electronic Health Records (EHRs) in developed countries and increasing need for cancer registries for post-marketing surveillance are among the factors further anticipated to boost the demand for cancer registry software in the coming years. Market players are constantly involved in software updation in an attempt to minimize security risks and provide efficient software, thereby increasing market visibility and adoption. For instance, in April 2018, Elekta invested in PalabraApps LLC to improve its MOSAIQ Oncology Information System software.

Increasing number of clinical trials being conducted by major pharmaceutical and biotechnological companies is expected to drive the market over the forecast period. Cancer registry data helps in tracking patients for clinical trials. Moreover, the affected locations for any specific type of cancer can be identified by using this software. Major pharmaceutical companies are increasingly preferring cancer registry software owing to less requirement of internal staff, increased cost-effectiveness, and efficient management of resources, which is further widening the scope for growth.

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Cancer Registry Software Market Report

Cancer Registry Software Market Report Highlights

• Standalone software dominated the market and accounted for a share of 80.8% in 2023 attributed to its advanced features and easy-to-use tools.
• On the basis of deployment model, on-premise model segment dominated the market and accounted for a share of 59.8% in 2023.
• On the basis of components, the commercial segment dominated the market and accounted for a share of 75.0% in 2023 owing to its advantage of data safety as compared to the public database.
• The government & third-party segment dominated the market and accounted for a share of 27.2% in 2023.
• North America cancer registry software market accounted for the largest revenue share of 44.0% in 2023, owing to the presence of developed infrastructure.
• The Asia Pacific is expected to grow at the fastest CAGR of 14.8% over the forecast period, owing to increasing government initiatives in this region.

Cancer Registry Software Market Segmentation

Grand View Research has segmented the cancer registry software market on the basis of on software, deployment model, component, end-use, and region:

Cancer Registry Software Software Outlook (Revenue, USD Million, 2018–2030)

• Standalone
• Integrated

Cancer Registry Software Deployment Model Outlook (Revenue, USD Million, 2018–2030)

• On-premise
• Cloud Based

Cancer Registry Software Component Outlook (Revenue, USD Million, 2018–2030)

• Commercial
• Public

Cancer Registry Software End-use Outlook (Revenue, USD Million, 2018–2030)

• Government & Third Party
• Private Payers
• Hospital & Medical Practice
• Pharma Biotech & Medical Device Companies
• Research Institutes

Cancer Registry Software Regional Outlook (Revenue, USD Million, 2018–2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Denmark
• Sweden
• Norway
• Asia Pacific
• Japan
• China
• India
• Australia
• South Korea
• Thailand
• Latin America
• Brazil
• Argentina
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• UAE
• Kuwait

List of Key Players in the Cancer Registry Software Market

• Elekta
• Oracle
• ONCO, Inc.
• IBM
• MCKESSON CORPORATION
• Conduent, Inc.
• Ordinate Corporation
• Volpara Health Limited
• Health Catalyst
• Rocky Mountain Cancer Data Systems (RMCDS) (University of Utah Health)

Video Management Software Market Worth $4.79 Billion By 2025

 December 2024 | Report Format: Electronic (PDF)

The global video management software market size is expected to reach USD 4.79 billion by 2025, growing at a CAGR of 18.8% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The growing adoption of video surveillance and monitoring software for applications such as facility protection, traffic management, and cross-border activities is the key driver contributing to the market growth. The software is majorly used for the unified management of multimedia content including collection & storage, playback, and streaming functionalities.

The market is anticipated to witness significant growth owing to increasing awareness of the benefits offered by VMS and growing investments in city surveillance as part of the smart city projects. Moreover, the increasing adoption of High Efficiency Video Coding (HEVC), also known as H.265 video compression standard, coupled with the rising trend of integrating VMS with emerging technologies such as built-in intelligence and deep learning for video analytics is expected to boost the video management software market growth. A unified VMS enables customers to merge analog and IP videos and offers a cost-effective approach to businesses for expanding and improving their surveillance capabilities.

VMS can be integrated with multiple digital cameras depending on the requirements of the customer. With the growing adoption of Closed-Circuit Television (CCTV) cameras and Internet Protocol (IP) network cameras in the security and surveillance market, the demand for VMS is also anticipated to witness significant growth over the forecast period. The software enables customers to enhance situational awareness and monitoring capabilities. High resolution videos and imagery can also be used by government law enforcement agencies to identify, track, and arrest criminals.

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Further key findings from the study suggest:

• IP-based VMS is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing demand for IP-based VMS by the government as well as corporates as part of video surveillance projects
• The cloud segment is anticipated to gain traction owing to the increased use of cloud by companies for offering Video Surveillance as a Service (VSaaS) for applications such as recording, flexible storage, and remote access & viewing as well as for enhanced cybersecurity solutions
• Video analytics is expected to witness the highest growth over the forecast period due to the increasing deployment of intelligent video surveillance systems by the government and enterprises
• The government segment is expected to grow at the highest CAGR from 2019 to 2025. Numerous smart city initiatives along with multiple infrastructure development projects to support increasing urbanization are anticipated to fuel the demand for VMS market
• Key players operating in the VMS market include AxxonSoft, Inc.; Qognify Inc.; Milestone Systems; Exacq Technologies, Inc.; Identiv, Inc.; Verint Systems; Magal Security Systems Ltd.; Genetec Inc.; Panasonic Corporation; Salient Systems Corporation; and March Networks.

Grand View Research has segmented the global video management software market based on technology, solution, deployment, end use, and region:

Video Management Software Technology Outlook (Revenue, USD Million, 2014–2025)

• Analog-Based VMS
• IP-Based VMS
• Hybrid VMS

Video Management Software Solution Outlook (Revenue, USD Million, 2014–2025)

• Video Analytics
• Custom Application Management
• Storage Management
• Data Integration
• Navigation Management
• Intelligent Streaming
• Security Management
• Others

Video Management Software Deployment Outlook (Revenue, USD Million, 2014–2025)

• On-premise
• Cloud

Video Management Software End Use Outlook (Revenue, USD Million, 2014–2025)

• BFSI
• Government
• Healthcare
• Manufacturing
• Retail
• IT & Telecom
• Media & Entertainment
• Education
• Others

Video Management Software Regional Outlook (Revenue, USD Million, 2014–2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa