Surgical Energy Instruments Market Report 2024

The surgical energy instruments market size has grown rapidly in recent years. It will grow from $4.19 billion in 2023 to $4.68 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The increase during the historic period can be credited to rising numbers of surgical procedures, an aging population, advancements in healthcare infrastructure, regulatory developments, increased healthcare spending, and market consolidation.

The surgical energy instruments market size is expected to see rapid growth in the next few years. It will grow to $7.31 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. Anticipated growth in the forecast period can be attributed to the adoption of minimally invasive techniques, expansion into emerging markets, a heightened focus on patient safety, integration of robotics and smart technologies, and sustainability initiatives. Key trends expected during this period include advancements in wireless power transmission, utilization of AI and machine learning, development of energy-efficient devices, customization of energy profiles, implementation of smart sensors, enhancements in safety features, and progress in bioelectronic medicine.

The surgical energy instrument market is anticipated to grow due to rising demand for elective cosmetic and reconstructive surgeries. These surgeries are chosen by patients to improve appearance or correct physical defects, and their increasing popularity is influenced by societal norms, advancements in surgical techniques ensuring safety and efficacy, and higher disposable incomes enabling more people to afford such treatments. Surgical energy instruments, such as electrosurgical units and lasers, play a crucial role in these surgeries by providing precise tissue cutting, controlling bleeding through coagulation, and reshaping tissues, thereby enhancing safety and improving patient outcomes. For example, in March 2023, the British Association of Aesthetic Plastic Surgeons reported a significant surge in cosmetic procedures in the UK, with 31,057 procedures conducted in 2022 - a remarkable 102% increase from the previous year. As the number of elective cosmetic and reconstructive surgeries continues to rise, the demand for surgical energy instruments is expected to increase accordingly.

Major companies in the surgical energy instruments market are concentrating on developing innovative surgical platforms. These include ultrasonic dissection and hybrid energy technologies, aimed at improving surgical precision and overall efficiency. Ultrasonic dissection uses high-frequency vibrations for precise tissue cutting and hemostasis. Hybrid energy devices, on the other hand, combine multiple energy sources to enhance surgical effectiveness and tissue management. For instance, Olympus Corporation, a Japan-based medical technology company, introduced the ESG-410 Surgical Energy Platform in January 2024. This advanced platform supports traditional monopolar and bipolar applications, now upgraded with ultrasonic dissection and hybrid energy capabilities. The ESG-410 is versatile, catering to various specialties such as general surgery, thoracic surgery, urology, and gynecology. It features multiple ports to meet diverse surgical needs, marking it as the first generator supporting five common energy modes in operating rooms, monopolar, bipolar, advanced bipolar, ultrasound, and hybrid energy.

In October 2022, Aspen Surgical Products Inc., a US-based manufacturer of medical devices and surgical products, acquired Symmetry Surgical Inc. for an undisclosed sum. This strategic acquisition is intended to enrich Aspen’s portfolio of surgical products and bolster its market footprint. By integrating Symmetry Surgical Inc., Aspen gains access to a range of high-quality surgical and specialty instrumentation, electrosurgery products, and minimally invasive surgical devices. Symmetry Surgical Inc., also based in the US, specializes in providing surgical energy instruments and other minimally invasive surgical devices.

Major companies operating in the surgical energy instruments market are Johnson And Johnson Pvt Ltd, Medtronic Plc, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Intuitive Surgical Inc., Smith And Nephew Plc, CooperSurgical Inc., Karl Storz Endoscopy-America Inc., ConMed Corporation, Grena Ltd., Aesculap AG, KLS Martin Group, Richard Wolf GmbH, EKF Diagnostics Holdings plc, Symmetry Surgical Inc., Bovie Medical Corporation, LiNA Medical USA, Erbe Elektromedizin GmbH, Megadyne Medical Products Inc., BOWA-electronic GmbH & Co. KG, Elmed Medical Systems Ltd., Encision Inc.

North America was the largest region in the surgical energy instruments market in 2023. The regions covered in the surgical energy instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the surgical energy instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Surgical energy instruments are specialized medical devices utilized in surgical procedures to apply energy to tissues for tasks such as cutting, coagulating, sealing vessels, dissecting, and manipulating tissues. These instruments harness various types of energy, including electrical (electrosurgical instruments), ultrasonic (ultrasonic scalpels), laser, and radiofrequency, ensuring precise surgical outcomes.

The primary categories of surgical energy instruments comprise plasma radiofrequency ablation instruments, high-frequency energy instruments, and ultrasonic energy instruments. Plasma radiofrequency ablation instruments employ radiofrequency-generated plasma energy to precisely cut, coagulate, or ablate tissue in minimally invasive surgeries. Their applications span across fields such as obstetrics and gynecology, orthopedics, cardiovascular, neurology, plastic and reconstructive surgery, among others. These instruments are utilized by hospitals, ambulatory surgical centers, and other healthcare facilities to remove tumors, control bleeding, and treat conditions such as varicose veins with minimal damage to surrounding tissues.

The surgical energy instruments market research report is one of a series of new reports that provides surgical energy instruments market statistics, including surgical energy instruments industry global market size, regional shares, competitors with an surgical energy instruments market share, detailed surgical energy instruments market segments, market trends and opportunities, and any further data you may need to thrive in the surgical energy instruments industry. This surgical energy instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The surgical energy instruments market consists of sales of products such as plasma devices and microwave systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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