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MedTech Outlook | Wednesday, April 20, 2022
Rise in the rate of geriatric population in the Asia-Pacific region, in the last few years has given way to an increasing amount of surgical procedures, which in turn has escalated the demand for electrosurgical devices in more than one way.
FREMONT, CA: The increase in the rate of the older population in the Asia-Pacific area in recent years has increased the number of surgical procedures, which has expanded the demand for electrosurgical equipment in multiple ways. Simultaneously, the rising prevalence of chronic diseases among the elderly in nations such as China, Japan, India, and others has created numerous prospects in the business.
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According to Allied Market Research, the Asia-Pacific electrosurgical devices market is expected to grow at a significant CAGR from 2014 to 2022. Over the last decade, medical tourism has exploded in popularity. Electrosurgical equipment makers in Singapore, Thailand, Malaysia, Brazil, China, Malaysia, and India have all significantly benefited as a result of this. India, in particular, is extremely popular due to the high-quality care available at substantially reduced costs. In 2015, the medical tourism sector in India generated approximately three billion dollars, and it is expected to reach eight billion dollars by 2020.
Many healthcare centers in the Asia-Pacific region have joined numerous international partnerships and collaborations, which has increased the trend of medical tourism and, as a result, boosted the electrosurgical devices market in the region. In a nutshell, the province's burgeoning medical tourism business, expansion of healthcare infrastructure, rise in healthcare outlays, and surge in demand for cutting-edge surgical techniques from a large patient population in nations such as India and China have benefited the industry.
Joint reconstruction, for example, is a surgical procedure for repairing and restoring full function to the human body's joint intersections. Patients seeking surgical techniques to repair joints rather than joint replacement are becoming more optimistic as high-tech surgical methods and equipment become available. The ACL technique, for example, is used to maintain the stability of the knee hinge, particularly during walking, running, and playing football. ACL surgery is usually done with a minimally invasive technique, however, in some circumstances, a larger incision, such as open surgery, is required.
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