Electrosurgical Devices Market Growth & Trends
The global electrosurgical devices market size is estimated to reach USD 8.51 billion by 2030, expanding at a CAGR of 3.5% from 2024 to 2030. Shifting focus of surgeons from conventional surgical procedures toward minimally invasive procedures, such as electrosurgery, and growing competition amongst the participants have high impact on the market’s growth. Entry of local companies in the developing regions is expected to fuel the global market due to availability of affordable equipment.
Electrosurgeries are preferred over conventional procedures owing to advantages such as improved safety and ease of use. These advantages enable the use of such surgeries in sensitive procedures such as those related to neurology and ophthalmology. Electrosurgery is being used in various disciplines, such as gynecology, urology, gastroenterology, and general surgery. In addition, latest electrosurgical equipment enables the performance of procedures outside the operating room. Thus, the demand for these equipment is expected to rise in various disciplines during the forecast period. The growth is expected to experience impediment due to factors such as lack of skilled professionals and high price of the devices. Furthermore, most of the electrosurgical devices are categorized as Class III devices, which take considerably longer time for approval.
Electrosurgical Devices Market Report Highlights
- The study suggests that bipolar segment captured the largest share in 2023 and is expected to dominate throughout the forecast period
- Growing preference for bipolar electrosurgical devices over monopolar is a result of the advantages of the former, such as safe to use, convenience, and affordable prices. Monopolar equipment is still being used in minor surgeries and has the advantage of easy tissue cutting over bipolar equipment.
- Active electrode segment captured the largest share in 2023 and is expected to witness highest growth rate as compared to other products
- The introduction of innovative and technologically advanced electrodes and growing trends of using disposable electrodes are the factors driving the segment growth
- North America dominated in 2023, with the U.S. capturing the largest share
- Presence of a large number of players and high adoption rate of advanced medical devices are the factors driving growth in North America
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Global Electrosurgical Devices Market Variables, Trends, & Scope
Chapter 4. Global Electrosurgical Devices Market: Method Estimates & Trend Analysis
Chapter 5. Global Electrosurgical Devices Market: Product Estimates & Trend Analysis
Chapter 6. Global Electrosurgical Devices Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- B. Braun Melsungen
- AG Boston Scientific Corporation
- Bovie Medical Corporation
- BOWA-electronic GmbH & Co. KG
- CONMED Corporation
- Erbe Elektromedizin GmbH
- Johnson & Johnson
- Medtronic
- Olympus Corporation
- Smith & Nephew Plc
- Innoblative Designs
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.64 Billion |
| Forecasted Market Value ( USD | $ 8.51 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
