Electrosurgical Devices Market Size, Share and Global Trend By Technology (Monopolar Electrosurgery Devices, Bipolar Electrosurgery Devices, Ultrasonic Devices), By Type (Hand-held Instruments, Electrosurgery Generators, Argon and Smoke Management Systems, Accessories), By Application (General Surgery, Urology, Orthopedic, Cosmetic surgery), By End User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers), And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Electrosurgery is a technique used to cut and coagulate tissues in the body, using electrical current and hand-held instruments. Electrosurgical devices are used to perform different surgeries such as cardiovascular surgery, gynecology surgery, general surger, and others. Olympus Medical developed THUNDERBEAT, a bipolar device which combines bipolar and ultrasonic energies, used for cutting and sealing procedure in a single process. Use of this THUNDERBEAT leads to faster tissue division, comfortable preparation, and effective sealing.
The global electrosurgical devices market is expected to grow rapidly during the forecast period, owing to the increasing incidence of chronic diseases, aging population, increase in number of minimally invasive surgical procedures. The demand for cosmetic surgeries is growing and increasing applications of electrosurgical devices in minimally invasive cosmetic surgeries is one major factor for the increasing demand and adoption of the electrosurgical devices in the global market from 2018-2025. Surgical procedures such as surgeries of the spine, neurological surgeries, and cranial surgical procedures require complex advanced instruments with high precision and reliability. New advances in the electrosurgical devices offering ergonomic designs is projected to drive the growth of the global electrosurgical devices market.
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The high cost of surgeries owing to comparatively higher cost of electrosurgical devices and the risk of device failure are some of the factors restraining the growth of global electrosurgical devices market during the forecast period.
Key Players Covered
Some of the major companies that are present in the global electrosurgical devices market are Medtronic, Olympus Corporation, Ethicon USA, LLC., Boston Scientific Corporation, B. Braun Melsungen AG, Kirwan Surgical Products, LLC, Smith & Nephew plc., Parkell, Inc., BOVIE MEDICAL, ATMOS MedizinTechnik GmbH & Co. KG and others.
SEGMENTATION
SEGMENTATION | DETAILS |
By Technology | · Monopolar Electrosurgery Devices · Bipolar Electrosurgery Devices · Ultrasonic Devices |
By Type | · Hand-held Instruments · Electrosurgery Generators · Argon and Smoke Management Systems · Accessories |
By Application | · General Surgery · Urology · Orthopedic · Cosmetic surgery · Cardiovascular · Gynecology · Others |
By End User | · Hospitals · Specialty Clinics · Ambulatory Surgery Centres · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Hand-held devices accounted for the largest share of the product segment in the global electrosurgical devices market in 2018. Increasing preference towards disposable hand-held instruments combined with innovative product offerings in the segment are factors responsible for higher share of the segment in the global market.
Key Insights
PESTEL Analysis
Reimbursement Scenario for Key Countries
Pricing Analysis, 2018, Key Players
Recent Industry Developments Such as Partnerships, Mergers, And Acquisitions
Regional Analysis
North America accounted for the largest share of the global electrosurgical devices market in 2018, owing to increase in a number of surgical procedures, and a well-developed healthcare infrastructure leading to increasing demand for new and advanced electrosurgical devices in the region. Asia Pacific is expected to register comparative higher CAGR from 2019-2026 due to rising prevalence of chronic diseases, rise in a number of cosmetic surgeries, developing healthcare infrastructure, and growing emphasis by healthcare organizations and government towards minimally invasive surgical procedures.
Key Industry Developments
- In February 2019, 4T Medical, launched Zeus – a portable multi-frequency plasma / electrosurgical device - into the UK. Zeus can perform both surgical and non-surgical procedures in fields of aesthetic medicine, dermatology, vascular surgery, dentistry and gynaecology.
- In February 2019, PENTAX Medical announced the launch of new dedicated electrosurgical and argon plasma coagulation (APC) platforms – the ENDO ARC and ENDO PLUS – to its therapeutic accessories range.
- Ongoing
- 2023
- 2019-2022
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