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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

In The News

February 23, 2022: Stryker announced the acquisition of Vocera Communications, Inc., a leader in digital care coordination and communication. The acquisition provides significant opportunities to advance innovations and accelerate our digital aspirations.
July 22, 2020: Karl Leibinger Medizintechnik GmbH & Co. KG, part of the KLS Martin Group, inaugurated a new implant production building.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the patient return electrodes market?

Ans: The rising adoption of electrosurgery for benign tumors is estimated to boost the market growth.

2) What would be the CAGR of patient return electrodes market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6.5% over the forecast period, i.e., 2022 – 2031.

5) Who are the major players dominating the patient return electrodes market?

Ans: The major players in the market are Medtronic Plc, Boston Scientific Corporation, Stryker Corporation, Olympus Corporation, Conmed Corporation, Utah Medical Products, Inc., KLS Martin GmbH & Co. KG, Arthrex GmbH, and AtriCure Inc.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the patient return electrodes market?

Ans: The market is segmented by type, patient type, end-user, and by region.

8) Which segment captures the largest market size in end-user segment in the patient return electrodes market?

Ans: The hospitals segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

8) What are the challenges affecting the market growth?

Ans: High cost of electrosurgery is estimated to hamper the market growth.

8) Which region will provide more business opportunities for growth of the patient return electrodes market in future?

Ans: The North America region is anticipated to provide more business opportunities over the forecast period owing to the high healthcare expenditure in the region.

Healthcare & Pharmaceutical