Global Electrosurgery Equipment Market, By Products (Electrosurgical Instruments, Electrosurgical Generators, Plasma and Smoke Management Systems, Electrosurgical Accessories), Surgery (Gynaecological Surgery, Urology Surgery, Cardiovascular Surgery, General Surgery, Neurosurgery, Orthopaedic Surgery, Cosmetic Surgery, Others), End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centres, Others), Distribution Channel (Direct, Retail) – Industry Trends and Forecast to 2030.
Electrosurgery Equipment Market Analysis and Size
The rise in the number of cosmetic, medical and age-related surgeries and technological development associated with electrosurgical instruments are the major factors influencing the growth of electrosurgery equipment market. Furthermore, upsurge in the demand for minimally invasive surgeries and increasing number of ambulatory surgical centres will increase the adoption of electrosurgery equipment market. In addition to this, growing government funding for the development of healthcare sector and rising geriatric population will act as market drivers and cushion its growth. Moreover, the increase in the demand from emerging economies and expanding rate of bariatric procedures due to the rising prevalence of obesity will further provide beneficial opportunities for the market growth.
Data Bridge Market Research analyses that the electrosurgery equipment market which was USD 6.79 billion in 2022, would rocket up to USD 9.82 billion by 2030, and is expected to undergo a CAGR of 5.07% during the forecast period. This indicates that the market value. “Electrosurgical Instruments” dominates the product segment of the electrosurgery equipment market owing to an increase in the number of sleep apnea cases worldwide. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Electrosurgery Equipment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Products (Electrosurgical Instruments, Electrosurgical Generators, Plasma and Smoke Management Systems, Electrosurgical Accessories), Surgery (Gynaecological Surgery, Urology Surgery, Cardiovascular Surgery, General Surgery, Neurosurgery, Orthopaedic Surgery, Cosmetic Surgery, Others), End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centres, Others), Distribution Channel (Direct, Retail)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Medtronic (U.S.), B. Braun Melsungen AG (Germany), Johnson & Johnson Private Limited (U.S.), Smith+Nephew (U.K.), Symmetry Surgical Inc. (U.S.), CONMED Corporation (U.S.), Erbe Elektromedizin GmbH (Germany), Olympus Corporation (Japan), Boston Scientific Corporation (U.S.), Kirwan Surgical Products, LLC. (U.S.), ATMOS MedizinTechnik GmbH & Co. KG (Germany), Parkell, Inc. (U.S.), BOWA-electronic GmbH & Co. KG (Germany), KLS Martin Group (Germany), Applied Medical Resources Corporation (U.S.), Utah Medical Products, Inc. (U.S.), XCELLANCE Medical Technologies (Germany), International group medical technology and electronics GmbH (Germany), Stryker (U.S.), Tecno Instruments (Italy), Electro Surgical Instrument Company (U.S.) among others
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Market Opportunities
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Market Definition
In the operating room, electrosurgical units are the most frequent type of electrical equipment. In laparoscopic surgery, electrosurgery is the most commonly employed energy system. Electro section, electro fulguration, electrodessication, and electrocoagulation are some of the electrosurgical methods. The differences in frequency, amperage, voltage, and application manner contribute to the distinct characteristics of each of these electrosurgical modalities. Higher frequency alternating current is used in these treatments, which is converted to heat via resistance as it passes through the tissues.
Global Electrosurgery Equipment Market Dynamics
Drivers
- Rising Surgical Procedures
The growing number of surgical procedures worldwide, including minimally invasive surgeries, is boosting the demand for electrosurgery equipment. These tools are essential for cutting, coagulating, and dissecting tissues during surgeries
- Technological Advancements
Continuous advancements in electrosurgical devices, such as the development of radiofrequency based equipment and ultrasonic devices, enhance precision and reduce tissue damage during surgeries
- Increasing Geriatric Population
The aging population is prone to various medical conditions that require surgical interventions. As the elderly population increases, the demand for electrosurgery equipment is expected to rise.
- Growing Demand for Minimally Invasive Surgery
Electrosurgery plays a crucial role in minimally invasive surgeries, which are preferred by both patients and surgeons due to quicker recovery times and reduced complications
Opportunities
- Emerging Markets
Growing healthcare infrastructure and increasing medical tourism in emerging markets present significant growth opportunities for electrosurgery equipment manufacturers
- Rise in Ambulatory Surgical Centers
The proliferation of ambulatory surgical centers (ASCs) is increasing the demand for electrosurgery equipment, as these centers perform a wide range of procedures
Restraints
- Safety Concerns
Electrosurgery equipment requires skilled operators to ensure patient safety. Inadequate training and improper use can lead to complications, limiting their adoption
- High Maintenance Costs
Maintaining electrosurgery devices can be costly. Regular servicing and calibration are necessary to ensure their optimal performance
Challenges
- Competitive Market
The electrosurgery equipment market is highly competitive, with numerous established players. New entrants face challenges in gaining market share
- Lack of Skilled Operators
Ensuring that healthcare professionals are well-trained in electrosurgery techniques is crucial to prevent complications. Addressing the shortage of skilled operators can be challenging
This electrosurgery equipment 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 equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In April 2022, Ethicon, Inc. (U.S.) (J&J) launched an electrosurgical generator for use in a wide variety of open and laparoscopic procedures. It is a microprocessor-controlled, isolated output, high-frequency generator with the ability to facilitate both monopolar cutting and coagulation as well as bipolar coagulation through an accessory electrode
- In May 2022, collaboration between Medtronic (Ireland) and DaVita Inc. (U.S.) aimed at the formation of a new, independent kidney care-focused medical device company (“NewCo” or “the Company”) to enhance patient treatment experience and improve overall outcomes
Global Electrosurgery Equipment Market Scope
Electrosurgery equipment market is segmented on the basis of products, surgery, end-user, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Products
- Electrosurgical Instruments
- Electrosurgical Generators
- Plasma and Smoke Management Systems
- Electrosurgical Accessories
Surgery
- Gynaecological Surgery
- Urology Surgery
- Cardiovascular Surgery
- General Surgery
- Neurosurgery
- Orthopaedic Surgery
- Cosmetic Surgery
- Others
End-User
- Hospitals
- Speciality Clinics
- Ambulatory Surgical Centers
- Others
Distribution Channel
- Direct
- Retail
Global Electrosurgery Equipment Market Regional Analysis/Insights
The electrosurgery equipment market is analyzed and market size insights and trends are provided by products, surgery, end-user, and distribution channel as referenced above.
The countries covered in the electrosurgery equipment 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 market due to high adoption rate of advanced technology and the presence of skilled professionals within the region.
Asia-Pacific is expected to show a rapid and lucrative growth rate in the forecast period of 2023 to 2030 owing to the growing foreign direct investments, increase in disposable incomes and rising awareness about advanced and minimally invasive surgical techniques in patients.
The country section of the market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and up-stream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 equipment 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 equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on electrosurgery equipment market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Global Electrosurgery Equipment Market Share Analysis
The electrosurgery equipment 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 equipment market.
Some of the major players operating in the electrosurgery equipment market are:
- Medtronic (U.S.)
- B. Braun Melsungen AG (Germany)
- Johnson & Johnson Private Limited (U.S.)
- Smith+Nephew (U.K.)
- Symmetry Surgical Inc. (U.S.)
- CONMED Corporation (U.S.)
- Erbe Elektromedizin GmbH (Germany)
- Olympus Corporation (Japan)
- Boston Scientific Corporation (U.S.)
- Kirwan Surgical Products, LLC. (U.S.)
- ATMOS MedizinTechnik GmbH & Co. KG (Germany)
- Parkell, Inc. (U.S.)
- BOWA-electronic GmbH & Co. KG (Germany)
- KLS Martin Group (Germany)
- Applied Medical Resources Corporation (U.S.)
- Utah Medical Products, Inc. (U.S.)
- XCELLANCE Medical Technologies (Germany)
- International group medical technology and electronics GmbH (Germany)
- Stryker (U.S.)
- Tecno Instruments (Italy)
- Electro Surgical Instrument Company (U.S.)
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