Electrosurgery Market Size, Share, Growth Analysis, By Type(Electrosurgical Instruments, Electrosurgical Accessories and Smoke Evacuation Systems), By Application(Hospitals, Clinics and Ablation Centers) - Industry Forecast 2024-2031

Electrosurgery Market size was valued at USD 5.75 billion in 2021 and is poised to grow from USD 6.1 billion in 2022 to USD 9.8 billion by 2030, at a CAGR of 6.1% during the forecast period (2023-2030).

The global electrosurgery market is a rapidly growing sector within the medical device industry, characterized by the use of electrical energy to perform surgical procedures. Electrosurgery devices have gained significant popularity due to their precision, efficacy, and minimal invasiveness, leading to reduced patient trauma and faster recovery times. The market is driven by the increasing number of surgical procedures worldwide, the growing demand for minimally invasive surgeries, and advancements in electrosurgical technologies. Additionally, rising geriatric populations, the prevalence of chronic diseases, and the expanding application areas of electrosurgery in various medical specialties contribute to market growth. The global market is witnessing a significant shift towards the adoption of advanced bipolar and ultrasonic devices, which offer enhanced precision and reduced tissue damage compared to traditional monopolar devices. Furthermore, the market is experiencing a surge in demand for electrosurgical accessories and consumables, such as electrodes, forceps, and cables, as these components are essential for the effective functioning of electrosurgical systems and contribute to the recurring revenue for market players. Technological advancements, such as the development of advanced energy sources, cutting-edge instruments, and enhanced safety features, further propel market expansion. However, challenges such as the high cost of electrosurgical devices, the risk of complications associated with their usage, and the availability of alternative surgical techniques may hinder market growth to some extent. Overall, the global market is poised for continued growth, driven by increasing surgical procedures, technological advancements, and a focus on improving patient outcomes and healthcare efficiency.

US Electrosurgery Market is poised to grow at a sustainable CAGR for the next forecast year.