Global Electrosurgery Market
Marktgröße in Milliarden USD
CAGR : %
Prognosezeitraum |
2024 –2031 |
Marktgröße (Basisjahr) | USD 7.52 Billion |
Marktgröße (Prognosejahr) | USD 11.58 Billion |
CAGR |
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Wichtige Marktteilnehmer |
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Global Electrosurgery Market Segmentation, By Product Type (Electrosurgical Instruments, Electrosurgical Generators, Electrosurgical Accessories and Smoke Evacuation Systems), Surgery Type (General Surgery, Gynecological Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery and Others), End User (Hospitals, Clinics, and Ablation Centers, Ambulatory Surgical Centers, Research Laboratories and Academic Institutes) – Industry Trends and Forecast to 2031.
Electrosurgery Market Analysis
Growing technological advancements in the field of medical science have led to the introduction of modern and highly advanced medical instruments and procedures that are highly effective in treating numerous diseases and disorders. One such medical technological advancement is electrosurgery.
Electrosurgery Market Size
Global electrosurgery market size was valued at USD 7.52 billion in 2023 and is projected to reach USD 11.58 billion by 2031, with a CAGR of 5.55% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
Attributes |
Electrosurgery Key Market Insights |
Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
Key Market Players |
BOWA-electronic GmbH & Co. KG (Germany), Prima Medical (UK), XCELLANCE Medical Technologies (India), ATMOS MedizinTechnik GmbH & Co. KG (Switzerland), Ethicon US, LLC. (US), Johnson & Johnson Services, Inc. (US), Parkell, Inc. (US), Smith + Nephew (UK), Kirwan Surgical Products, LLC. (US), Utah Medical Products, Inc. (US), KLS Martin Group (Germany), Medtronic (Ireland), Zimmer Biomet (US), Erbe Elektromedizin GmbH (Germany), SYMMETRY SURGICAL INC (US), CONMED Corporation (US), Hologic, Inc. (US), Applied Medical Resources Corporation (US), B. Braun Melsungen AG (Germany) and Olympus Corporation (Japan) |
Electrosurgery Market Definition
From the name itself, it is clear that electrosurgery is a medical technology that is used to cause thermal destruction of the tissue using dehydration, coagulation, or vaporization. Electrosurgery is used to applied electric current to the targeted tissues with an aim to cut, coagulate, desiccate, and fulgurate the tissues.
Electrosurgery Market Dynamics
Drivers
- The rise in the prevalence of diseases
Surging prevalence of acute and chronic diseases and infections all around the globe is one of the major factors responsible for fostering growth in the market value. According to a report of 2021 by Center for disease Control and Prevention, 6 out of 10 US adult citizens suffer from chronic diseases. And not just that 4 in 10 adults have more than two chronic diseases.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted pertaining to the technological advancements in electrosurgical instruments to make them safer and effective is also bolstering the market growth rate.
- Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the market growth rate. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities. Moreover, growing initiatives by the government to provide the best of drugs and medical technologies against respiratory diseases, cardiovascular diseases and others in the remote areas will further carve the way for the growth.
Additionally, surge in the personal disposable income level, introduction of technologically driven products in hospitals, increasing investment for the development of advanced medical products and devices and rising geriatric population base, positively affect the market growth rate.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, increasing levels of air pollution, growing number of aesthetic procedures, and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2024 to 2031. Additionally, surging number of strategic collaborations, rise in the number of medical, cosmetic and age related surgeries, growing number of hospitals and laboratories, and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities and risks associated with electrosurgical procedures are expected to obstruct market growth. Also, lack of favourable reimbursement scenario and technology penetration in the developing economies, availability of low-cost substitutes, stringent regulatory approvals, concerns surrounding toxic fumes produced during surgical procedures and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2024-2031.
This electrosurgery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electrosurgery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Electrosurgery Market
COVID-19 has had a slightly negative impact on the market. A halt put on the non-essential surgical procedures restricted the scope of growth for the market. Restrictions imposed pertaining to the movement further created hindrances for the market in this pandemic phase. However, with the relaxations ahead, the market is expected to bounce back.
Electrosurgery Market Scope
The electrosurgery market is segmented on the basis of product type, surgery type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Electrosurgical Instruments
- Electrosurgical Generators
- Electrosurgical Accessories
- Smoke Evacuation Systems
Based on product type, the electrosurgery market is segmented into electrosurgical instruments, electrosurgical generators, electrosurgical accessories and smoke evacuation systems. Electrosurgical instruments have further been segmented into bipolar electrosurgical instruments and monopolar electrosurgical instruments. Bipolar electrosurgical instruments are further sub-segmented into advanced vessel sealing instruments and bipolar forceps. Monopolar electrosurgical instruments further sub-segmented into electrosurgical pencils, electrosurgical electrodes, suction coagulators and monopolar forceps. Electrosurgical accessories have further been segmented into patient return electrodes, cords, cables, and adapters and others.
Surgery type
- General Surgery
- Gynecological Surgery
- Urologic Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Others
The surgery type segment of the electrosurgery market is segmented into general surgery, gynaecological surgery, urologic surgery, orthopaedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery and others.
End user
- Hospitals
- Clinics
- Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories
- Academic Institutes
On the basis of end user, the electrosurgery market is segmented into hospitals, clinics, and ablation centres, ambulatory surgical centres and research laboratories and academic institutes.
Electrosurgery Market Regional Analysis
The electrosurgery market is analysed and market size insights and trends are provided by country, product type, surgery type and end user as referenced above.
The countries covered in the electrosurgery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electrosurgery market because of the strong base of healthcare facilities, rising investment from key players in the growth of the advanced devices, rising prevalence of chronic diseases, the presence of a large number of pharmaceutical companies and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2024 to 2031 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, and increasing incidences of chronic diseases for example cardiovascular diseases other diseases, surging demand for minimally invasive surgical procedures and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The electrosurgery market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electrosurgery market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electrosurgery market. The data is available for historic period 2010-2020.
Electrosurgery Market Share
The electrosurgery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electrosurgery market.
Electrosurgery Market Leaders Operating in the Market Are:
- BOWA-electronic GmbH & Co. KG (Germany)
- Prima Medical (UK)
- XCELLANCE Medical Technologies (India)
- ATMOS MedizinTechnik GmbH & Co. KG (Switzerland)
- Ethicon US, LLC. (US)
- Johnson & Johnson Services, Inc. (US)
- Parkell, Inc. (US)
- Smith + Nephew (UK)
- Kirwan Surgical Products, LLC. (US)
- Utah Medical Products, Inc. (US)
- KLS Martin Group (Germany)
- Medtronic (Ireland)
- Zimmer Biomet (US)
- Erbe Elektromedizin GmbH (Germany)
- SYMMETRY SURGICAL INC (US)
- CONMED Corporation (US)
- Hologic, Inc. (US)
- Applied Medical Resources Corporation (US)
- B. Braun Melsungen AG (Germany)
- Olympus Corporation (Japan)
Latest Developments in Electrosurgery Market
- In September 2021, Olympus Corporation launched POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider, which meet the highest standards of clinical performance for advanced bipolar surgical energy devices by delivering consistent sealing reliability in an ergonomic, multifunctional design that promotes procedural efficiency
- In September 2021, Bolder Surgical launched CoolSeal Vessel Sealing platform. The CoolSeal Vessel Sealing Suite includes the 3 mm Mini (formerly JustRight Sealer) and the 5 mm Trinity Sealer/Divider/Dissector
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