Global Electrosurgical Devices Market Report and Forecast 2023-2031
Global Electrosurgical Devices Market Outlook
The global electrosurgical devices market value in 2022 was USD 5.3 billion and is anticipated to grow at a CAGR of 5.7% during the forecast period of 2023-2031 driven by the, advancements in electrosurgical technologies across the globe. The global electrosurgical devices market share is anticipated to achieve a value of USD 8.7 billion by 2031.
North America: The largest market for electrosurgical devices, driven by factors such as the advanced healthcare infrastructure, a high number of surgical procedures, and the presence of major electrosurgical device manufacturers.
Europe: The second-largest market, with increasing demand for electrosurgical devices due to a growing aging population and a supportive regulatory framework.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure.
Electrosurgical Devices Market Segments
Global Electrosurgical Devices Market Outlook
The global electrosurgical devices market value in 2022 was USD 5.3 billion and is anticipated to grow at a CAGR of 5.7% during the forecast period of 2023-2031 driven by the, advancements in electrosurgical technologies across the globe. The global electrosurgical devices market share is anticipated to achieve a value of USD 8.7 billion by 2031.
Electrosurgical Devices Introduction
Electrosurgical devices are medical instruments that utilize electrical energy to cut, coagulate, desiccate, or fulgurate biological tissue during surgical procedures. These devices are widely used across various surgical specialties, including general surgery, gynecology, urology, orthopedic surgery, and neurosurgery, due to their ability to reduce blood loss, minimize tissue damage, and shorten procedure times. The electrosurgical devices market primarily comprises electrosurgical generators, electrodes, smoke evacuation systems, and electrosurgical accessories.Electrosurgical Devices Market Scenario
The global electrosurgical devices market has experienced significant growth in recent years, driven by factors such as the increasing number of surgical procedures, advancements in electrosurgical technologies, and the growing demand for minimally invasive procedures.North America: The largest market for electrosurgical devices, driven by factors such as the advanced healthcare infrastructure, a high number of surgical procedures, and the presence of major electrosurgical device manufacturers.
Europe: The second-largest market, with increasing demand for electrosurgical devices due to a growing aging population and a supportive regulatory framework.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure.
Electrosurgical Devices Market Segments
Market Breakup by Type
- Generators
Electrosurgical Instruments
- Bipolar Instruments
- Monopolar Instruments
Electrosurgery Accessories
- Cords
- Cables
- Adapters
- Others
Market Breakup by Applications
- General Surgery
- Genecology Surgery
- Urology Surgery
- Orthopaedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Others
Market Breakup by End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
Market Breakup by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Electrosurgical Devices Market
Some key trends of the market are as follows:- Advancements in electrosurgical technologies: The development of new technologies, such as ultrasonic energy devices and advanced bipolar devices, has improved the safety, efficiency, and patient outcomes of electrosurgical procedures, contributing to market expansion
- Growing demand for minimally invasive surgical procedures: The increasing preference for minimally invasive surgical procedures, which typically require specialized electrosurgical devices, has driven market growth and innovation
- Rising adoption of robot-assisted surgery: The growing adoption of robot-assisted surgical systems, which often utilize electrosurgical instruments, has further fueled market growth
Electrosurgical Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the xx market are as follows:- Medtronic
- B. Braun Melsungen AG
- Johnson & Johnson Private Limited
- Smith+Nephew
- Symmetry Surgical Inc
- ONMED Corporation
- Erbe Elektromedizin GmbH
- Olympus Corporation
- Boston Scientific Corporation
- Kirwan Surgical Products
- ATMOS MedizinTechnik GmbH & Co. KG
- Parkell, Inc
- BOWA-electronic GmbH & Co. KG
- KLS Martin Group
- Applied Medical Resources Corporation
- Utah Medical Products, Inc
- XCELLANCE Medical Technologies
Table of Contents
1 Preface
3 Global Electrosurgical Devices Market Overview
4 Global Electrosurgical Devices Market Landscape
5 Global Electrosurgical Devices Market Dynamics
6 Global Electrosurgical Devices Market Segmentation
7 North America Electrosurgical Devices Market
8 Europe Electrosurgical Devices Market
9 Asia Pacific Electrosurgical Devices Market
10 Latin America Electrosurgical Devices Market
11 Middle East and Africa Electrosurgical Devices Market
12 Patent Analysis
13 Grants Analysis
14 Funding Analysis
15 Partnership and Collaborations Analysis
16 Regulatory Framework
17 Supplier Landscape
18 Global Electrosurgical Devices Market- Distribution Model (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
21 Pricing Models and Strategies (Additional Insight)
Companies Mentioned
- Medtronic
- B. Braun Melsungen AG
- Johnson & Johnson Private Limited
- Smith+Nephew
- Symmetry Surgical Inc.
- Onmed Corporation
- Erbe Elektromedizin GmbH
- Olympus Corporation
- Boston Scientific Corporation
- Kirwan Surgical Products
- Atmos Medizintechnik GmbH & Co. Kg
- Parkell, Inc.
- Bowa-Electronic GmbH & Co. Kg
- Kls Martin Group
- Applied Medical Resources Corporation
- Utah Medical Products, Inc.
- Xcellance Medical Technologies
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | May 2023 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 5.6 Billion |
| Forecasted Market Value ( USD | $ 8.7 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
