USD 6.20 billion
Electrosurgical Devices Market Size, Share, Growth Analysis, By Product (Electrosurgical Instruments, Electrosurgical Generators), By Surgery (General Surgery, Obstetric/Gynecological Surgery), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2698 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Electrosurgery Market Insights
Global Electrosurgical Devices Market size was valued at USD 6.20 billion in 2022 and is poised to grow from USD 6.57 billion in 2023 to USD 10.47 billion by 2031, at a CAGR of 6.0% during the forecast period (2024-2031).
The global electrosurgery market is a rapidly growing sector within the medical device industry, characterized by the use of electrical energy to perform surgical procedures. Electrosurgery devices have gained significant popularity due to their precision, efficacy, and minimal invasiveness, leading to reduced patient trauma and faster recovery times. The market is driven by the increasing number of surgical procedures worldwide, the growing demand for minimally invasive surgeries, and advancements in electrosurgical technologies. Additionally, rising geriatric populations, the prevalence of chronic diseases, and the expanding application areas of electrosurgery in various medical specialties contribute to market growth. The global market is witnessing a significant shift towards the adoption of advanced bipolar and ultrasonic devices, which offer enhanced precision and reduced tissue damage compared to traditional monopolar devices. Furthermore, the market is experiencing a surge in demand for electrosurgical accessories and consumables, such as electrodes, forceps, and cables, as these components are essential for the effective functioning of electrosurgical systems and contribute to the recurring revenue for market players. Technological advancements, such as the development of advanced energy sources, cutting-edge instruments, and enhanced safety features, further propel market expansion. However, challenges such as the high cost of electrosurgical devices, the risk of complications associated with their usage, and the availability of alternative surgical techniques may hinder market growth to some extent. Overall, the global market is poised for continued growth, driven by increasing surgical procedures, technological advancements, and a focus on improving patient outcomes and healthcare efficiency.
US Electrosurgery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Electrosurgical Instruments
Fastest Growth
Electrosurgical Instruments
Growth Rate
6.0% CAGR
Global Electrosurgery Market ($ Bn)
Country Share for North America Region (%)
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Electrosurgery Market Segmental Analysis
Global Electrosurgical Devices Market is segmented by Product, by Surgery, by End User and by Region. Based on Product, the market is segmented into Electrosurgical Instruments, Electrosurgical Generators, Electrosurgical Accessories, Smoke Evacuation Systems. Based on Surgery, the market is segmented into General Surgery, Obstetric/Gynecological Surgery, Orthopedic Surgery, Cardiovascular Surgery, Oncological Surgery, Cosmetic Surgery, Urological Surgery, NeuroSurgery, Other Surgeries. Based on End User, the market is segmented into Hospitals, Clinic, Ablation Centers, Ambulatory Surgical Centers, Research Laboratories and Academic Institutes. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Electrosurgery Market Analysis By Type
The dominant segment in the global electrosurgery market is the Electrosurgical Instruments segment. This segment encompasses various devices such as electrosurgical generators, electrosurgical pencils, and electrodes, which are essential tools used in surgical procedures to cut, coagulate, and manipulate tissue. Electrosurgical instruments are widely adopted due to their versatility, precision, and ability to perform a wide range of surgical interventions across different medical specialties.
On the other hand, the fastest-growing segment in the global electrosurgery market is the Smoke Evacuation Systems segment. Smoke evacuation systems are designed to remove surgical smoke and aerosols generated during electrosurgical procedures, ensuring a clear visual field for surgeons and reducing the risk of potential health hazards associated with smoke inhalation. The increasing awareness about the importance of surgical smoke evacuation in maintaining a safe surgical environment, along with stringent regulations promoting its use, is driving the rapid growth of this segment.
Electrosurgery Market Analysis By Application
The dominant segment in the global electrosurgery market based on application is Hospitals. Hospitals serve as major healthcare facilities and perform a wide range of surgical procedures, making them the primary end-users of electrosurgical devices. The high patient volume, advanced infrastructure, and availability of skilled healthcare professionals in hospitals contribute to the significant adoption of electrosurgery technologies in this segment.
The fastest-growing segment in the global electrosurgery market based on application is Ambulatory Surgical Centers (ASCs). ASCs are outpatient facilities that offer surgical procedures that do not require overnight hospitalization. The increasing preference for cost-effective and convenient surgical options, along with advancements in electrosurgical technologies that enable less invasive procedures, is driving the rapid growth of electrosurgery adoption in ASCs. Additionally, the rising focus on reducing hospital stays and improving patient satisfaction further fuels the demand for electrosurgical devices in this segment.
Global Electrosurgery Market By Type
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Electrosurgery Market Regional Insights
The dominant segment in the global electrosurgery market based on region is North America. North America has a well-established healthcare infrastructure, a high adoption rate of advanced medical technologies, and a strong presence of key market players. The region is characterized by robust research and development activities, favorable reimbursement policies, and a growing number of surgical procedures, all of which contribute to the dominance of North America in the electrosurgery market.
The fastest-growing segment in the global electrosurgery market based on region is Asia Pacific. The Asia Pacific region is experiencing rapid growth in healthcare infrastructure, increasing healthcare expenditure, and a rising prevalence of chronic diseases. Additionally, the expanding population, growing awareness about advanced surgical techniques, and improving healthcare access in emerging economies are driving the demand for electrosurgery devices. With a growing focus on technological advancements and increasing investments in healthcare, Asia Pacific is witnessing significant growth in the adoption of electrosurgical devices and is poised to become a key market for electrosurgery in the coming years.
Global Electrosurgery Market By Geography
- Largest
- Fastest
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Electrosurgery Market Dynamics
Electrosurgery Market Drivers
Increasing number of surgical procedures worldwide
- One key driver of the global electrosurgery market is the increasing number of surgical procedures worldwide. As the global population grows and ages, the demand for surgical interventions for various medical conditions continues to rise. Electrosurgery devices offer advantages such as precision, reduced invasiveness, and faster recovery times, making them a preferred choice for surgeons and patients alike.
Electrosurgery Market Restraints
High cost of electrosurgical devices
- A key restraint of the market is the high cost of electrosurgical devices. The advanced technology and intricate design of these devices contribute to their relatively high price. This can pose a challenge, especially in developing regions where healthcare budgets are limited. The cost factor may hinder the widespread adoption of electrosurgery devices, particularly in resource-constrained settings, and limit market growth to some extent.
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Electrosurgery Market Competitive Landscape
The competitive landscape of the global electrosurgery market is characterized by intense competition among market players striving to gain a significant market share. These players focus on product development, technological advancements, strategic collaborations, and mergers and acquisitions to strengthen their market position. The market is marked by the presence of both established multinational companies and emerging players, each striving to differentiate themselves through innovative product offerings, expanding their distribution networks, and catering to the specific needs of healthcare facilities and professionals. The emphasis on research and development activities and regulatory compliance further intensifies the competitive dynamics within the electrosurgery market.
Electrosurgery Market Top Player’s Company Profiles
- Medtronic plc
- Johnson & Johnson (Ethicon)
- Olympus corporation
- B. Braun
- Boston scientific corporation
- Smith+nephew
- Erbe Elektromedizin GMBH
- Stryker corporation
- Bowa-electronic GMBH & Co. KG
- The cooper companies, inc.
- Kirwan surgical products llc
- Zimmer biomet
- Utah Medical Products, Inc.
- Integra lifesciences holdings corporation
- Encision, inc.
- KLS Martin Group
- Surgical holdings
- I. C. Medical, inc.
- Meyer-haake GMBH Medical Innovations
Electrosurgery Market Recent Developments
- In May 2022, Medtronic (Ireland) and DaVita Inc. (US) announced a collaborative effort to establish a new independent medical device company called "NewCo." This partnership aims to focus on kidney care and aims to improve patient treatment experience and overall outcomes.
- In April 2022, Ethicon, Inc. (US), a subsidiary of J&J, introduced an advanced electrosurgical generator designed for a wide range of open and laparoscopic procedures. This microprocessor-controlled generator features isolated output and high-frequency capabilities, enabling both monopolar cutting and coagulation, as well as bipolar coagulation when used with an accessory electrode.
- In September 2021, Olympus Corporation launched the POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider. This innovative product sets high clinical performance standards for advanced bipolar surgical energy devices, providing consistent sealing reliability. It boasts an ergonomic, multifunctional design that enhances procedural efficiency.
- In September 2021, Bolder Surgical unveiled the CoolSeal Vessel Sealing platform. The suite includes the 3mm Mini (formerly JustRight Sealer) and the 5mm Trinity Sealer/Divider/Dissector. These cutting-edge devices offer precise vessel sealing and dividing capabilities, catering to different surgical needs.
Electrosurgery Key Market Trends
- Increasing adoption of advanced bipolar energy devices: One key market trend in the global electrosurgery market is the increasing adoption of advanced bipolar energy devices. These devices offer improved precision, reduced tissue damage, and enhanced sealing capabilities compared to traditional monopolar devices. The trend towards advanced bipolar energy devices is driven by the growing demand for minimally invasive surgeries, advancements in technology, and the need for improved patient outcomes. Surgeons are increasingly opting for these devices to perform delicate procedures with greater control and precision, leading to a shift in the market towards advanced bipolar energy devices.
Electrosurgery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Electrosurgery Market analysis, the global market is experiencing significant growth driven by factors such as the increasing number of surgical procedures, demand for minimally invasive surgeries, and technological advancements. Electrosurgery devices offer precision, efficacy, and minimal invasiveness, leading to reduced patient trauma and faster recovery times. The market is segmented based on type into electrosurgical instruments, accessories, and smoke evacuation systems. Dominant segments include electrosurgical instruments and hospitals, while the fastest-growing segments are smoke evacuation systems and ambulatory surgical centers. The market is highly competitive, with companies focusing on product development and strategic collaborations. Key drivers include the rising demand for surgical procedures, while restraints include the high cost of electrosurgical devices. Overall, the global market is poised for continued growth, fueled by increasing surgical procedures, technological advancements, and a focus on improving patient outcomes.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.20 billion |
| Market size value in 2031 | USD 10.47 billion |
| Growth Rate | 6.0% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electrosurgery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electrosurgery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electrosurgery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electrosurgery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electrosurgery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electrosurgery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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