Global Electrosurgical Devices Market

Electrosurgical Devices Market Size, Share, Growth Analysis, By Product(Electrosurgery generators, electrosurgery instruments & accessories), By Application(General Surgery, Gynecology Surgery) - Industry Forecast 2024-2031


Report ID: SQMIG35B2158 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 68 | Figures: 75

Electrosurgical Devices Market Insights

Electrosurgical Devices Market size was valued at USD 6.2 billion in 2022 and is poised to grow from USD 6.57 billion in 2023 to USD 9.88 billion by 2030, at a CAGR of 6.0% during the forecast period (2023-2030).

The electrosurgery devices market is experiencing substantial growth due to several factors. The increasing number of surgical procedures worldwide, coupled with a growing geriatric population, is driving the demand for these devices.

Additionally, the rising prevalence of chronic diseases has led to an upsurge in surgical interventions, further boosting the market. Technological advancements in the field of electrosurgery have improved the efficiency and safety of these devices, contributing to their popularity. However, the market's growth is constrained by stringent government regulations for product approval, which can slow down the introduction of new devices.

Despite these challenges, the market presents significant opportunities for expansion, particularly in untapped emerging economies. These regions offer high market potential and demand for electrosurgery devices, creating attractive growth prospects for market players.

By leveraging technological innovations and addressing regulatory requirements, companies can capitalize on these opportunities and achieve substantial growth in the electrosurgery devices market.

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

Market snapshot - 2024-2031

Global Market Size

USD 6.2 billion

Largest Segment

General Surgery

Fastest Growth

General Surgery

Growth Rate

6.0% CAGR

Global Electrosurgical Devices Market by region
Country Share for Asia Pacific (%)
Global Electrosurgical Devices Market by application
Global Electrosurgical Devices Market by application

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Electrosurgical Devices Market Segmental Analysis

The global electrosurgery devices market is segmented based on product, application, and geography. Based on product, the market is categorized into electrosurgery generators, electrosurgery instruments & accessories, and argon & smoke management systems. The electrosurgery instruments & accessories segment is further bifurcated into electrosurgery equipment (bipolar electrosurgery instruments and monopolar electrosurgery instruments) and electrosurgery accessories (patient return electrodes, cords, cables, and adapters, and others)

Electrosurgical Devices Market Analysis By Product

Among the product segments, electrosurgery instruments & accessories, which includes bipolar electrosurgery instruments, monopolar electrosurgery instruments, patient return electrodes, cords, cables, and adapters, and others, accounted for the largest market share in 2017. These instruments and accessories are widely used in various surgical procedures, contributing significantly to the overall electrosurgery devices market.

The argon & smoke management systems segment is anticipated to exhibit the fastest growth during the forecast period. These systems are essential in electrosurgical procedures to manage and evacuate the generated smoke, reducing potential hazards and ensuring a clear surgical field. As awareness about the importance of smoke evacuation grows and healthcare facilities focus on improving patient outcomes and safety, the demand for argon & smoke management systems is expected to rise rapidly, leading to its high growth in the market.

Electrosurgical Devices Market Analysis By Application

The electrosurgery devices market is categorized based on application, covering a wide range of surgical fields, including general surgery, gynecology surgery, urologic surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, and others. In 2017, the general surgery segment held the largest market share. However, during the forecast period, orthopedic surgery is projected to exhibit substantial growth with a significant compound annual growth rate (CAGR) of 5.9%. This growth is indicative of the increasing adoption of electrosurgery devices in orthopedic procedures, driven by advancements in technology and the rising prevalence of orthopedic conditions worldwide. The expanding application of electrosurgery devices in different surgical specialties indicates the market's potential for growth and diversification in the coming years.

Global Electrosurgical Devices Market by application, 2023 (%)

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Electrosurgical Devices Market Regional Insights

In 2017, North America held the highest market share, followed by Europe. However, during the analysis period, Asia-Pacific is expected to take over as the dominant region in the market. This shift is attributed to factors such as the region's large geriatric population, increasing disposable incomes, and growing awareness about various cancers among patients. The prevalence of chronic diseases is also significant in Asia, making it an epicenter for such disorders. The rising demand for electrosurgery devices in Asia-Pacific indicates the region's potential as a key driver for market growth in the coming years.

Global Electrosurgical Devices Market by region, 2024-2031
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  • Fastest

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Electrosurgical Devices Market Dynamics

Electrosurgical Devices Market Drivers

Development of Healthcare Infrastructure

  • The rise in the number of surgical procedures worldwide. As surgical procedures become more common to treat various medical conditions, the demand for electrosurgery devices, which aid in cutting, coagulating, and tissue ablation, increases.

Electrosurgical Devices Market Restraints

Strict Regulations

  • The stringent government regulations for product approval. Electrosurgery devices are considered medical devices, and they need to undergo rigorous testing and evaluation to ensure their safety and efficacy before they can be approved for use. These regulatory processes can be time-consuming and costly, which may hinder the introduction of new devices into the market and affect overall market growth.

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Electrosurgical Devices Market Competitive Landscape

The global electrosurgery devices market features a highly competitive landscape with several key players striving for market dominance. These players employ various strategies such as product launches, mergers and acquisitions, partnerships, and collaborations to gain a competitive edge. These companies have a strong global presence and offer a wide range of electrosurgery devices for various surgical applications. Innovation and technological advancements are key focus areas for these players to enhance their product offerings and stay ahead in the competition. Additionally, expanding their distribution networks and investing in research and development activities remain vital strategies for these companies to tap into new markets and maintain their positions in the rapidly growing electrosurgery devices market. As the demand for electrosurgery devices continues to increase, the competition among key players is expected to intensify, leading to further advancements and innovations in the market.

Electrosurgical Devices Market Top Player’s Company Profiles

  • Medtronic PLC (Ireland)
  • Johnson & Johnson (United States)
  • Olympus Corporation (Japan)
  • B. Braun Melsungen AG (Germany)
  • Boston Scientific Corporation (United States)
  • Ethicon, Inc. (United States)
  • CONMED Corporation (United States)
  • Erbe Elektromedizin GmbH (Germany)
  • Stryker Corporation (United States)
  • Smith & Nephew PLC (United Kingdom)
  • Applied Medical Resources Corporation (United States)
  • Megadyne Medical Products, Inc. (United States)
  • Bovie Medical Corporation (United States)
  • KLS Martin Group (Germany)
  • CooperSurgical, Inc. (United States)
  • Apyx Medical Corporation (United States)
  • Meyer-Haake GmbH Medical Innovations (Germany)
  • Ellman International, Inc. (United States)
  • Utah Medical Products, Inc. (United States)
  • Karl Storz SE & Co. KG (Germany)

Electrosurgical Devices Market Recent Developments

  • In September 2021, Olympus Corporation unveiled the initial devices in its innovative POWERSEALTM family of advanced bipolar surgical energy products.

Electrosurgical Devices Key Market Trends

  • The global electrosurgery devices market is witnessing several key trends that are shaping its growth and development. One of the prominent trends is the increasing adoption of minimally invasive surgical procedures, driven by the advantages of faster recovery, reduced scarring, and shorter hospital stays. This has led to a rising demand for advanced electrosurgery devices that offer precise and controlled energy delivery. Another significant trend is the integration of cutting-edge technologies like robotics and artificial intelligence into electrosurgery devices, enhancing their precision and efficiency. These advanced technologies enable surgeons to perform complex procedures with improved accuracy and safety. Furthermore, there is a growing focus on the development of electrosurgery devices that are specifically designed for specialized surgical applications, such as neurosurgery and cosmetic surgery. This specialization allows for better outcomes and patient-specific treatments. Additionally, market players are investing in research and development to introduce innovative products and overcome existing challenges, like reducing thermal damage to surrounding tissues during surgery. As the healthcare industry continues to evolve, these trends are expected to drive the global electrosurgery devices market forward.

Electrosurgical Devices Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global electrosurgery devices market is expected to witness significant growth in the coming years. Factors such as the rising number of surgical procedures worldwide, a large geriatric population, increasing prevalence of chronic diseases, and advancements in technology are expected to drive market growth. Additionally, the growing demand for minimally invasive procedures and the adoption of electrosurgery devices in various medical specialties will contribute to the market's expansion. However, stringent government regulations for product approval may pose challenges. Despite this, the untapped potential in emerging economies and increasing awareness about advanced surgical techniques are likely to provide lucrative opportunities for the electrosurgery devices market in the future.

Report Metric Details
Market size value in 2023 USD 6.2 billion
Market size value in 2031 USD 9.88 billion
Growth Rate 6.0%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Electrosurgery generators, electrosurgery instruments & accessories, and argon & smoke management systems
  • Application
    • General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Medtronic PLC (Ireland)
  • Johnson & Johnson (United States)
  • Olympus Corporation (Japan)
  • B. Braun Melsungen AG (Germany)
  • Boston Scientific Corporation (United States)
  • Ethicon, Inc. (United States)
  • CONMED Corporation (United States)
  • Erbe Elektromedizin GmbH (Germany)
  • Stryker Corporation (United States)
  • Smith & Nephew PLC (United Kingdom)
  • Applied Medical Resources Corporation (United States)
  • Megadyne Medical Products, Inc. (United States)
  • Bovie Medical Corporation (United States)
  • KLS Martin Group (Germany)
  • CooperSurgical, Inc. (United States)
  • Apyx Medical Corporation (United States)
  • Meyer-Haake GmbH Medical Innovations (Germany)
  • Ellman International, Inc. (United States)
  • Utah Medical Products, Inc. (United States)
  • Karl Storz SE & Co. KG (Germany)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Electrosurgical Devices Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Electrosurgical Devices Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Electrosurgical Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electrosurgical Devices Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electrosurgical Devices Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Electrosurgical Devices Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Electrosurgical Devices Market size was valued at USD 6.2 billion in 2022 and is poised to grow from USD 6.57 billion in 2023 to USD 9.88 billion by 2030, at a CAGR of 6.0% during the forecast period (2023-2030).

The electrosurgery devices market features a highly competitive landscape with several key players striving for market dominance. These players employ various strategies such as product launches, mergers and acquisitions, partnerships, and collaborations to gain a competitive edge. These companies have a strong presence and offer a wide range of electrosurgery devices for various surgical applications. Innovation and technological advancements are key focus areas for these players to enhance their product offerings and stay ahead in the competition. Additionally, expanding their distribution networks and investing in research and development activities remain vital strategies for these companies to tap into new markets and maintain their positions in the rapidly growing electrosurgery devices market. As the demand for electrosurgery devices continues to increase, the competition among key players is expected to intensify, leading to further advancements and innovations in the market. 'Medtronic PLC (Ireland)', 'Johnson & Johnson (United States)', 'Olympus Corporation (Japan)', 'B. Braun Melsungen AG (Germany)', 'Boston Scientific Corporation (United States)', 'Ethicon, Inc. (United States)', 'CONMED Corporation (United States)', 'Erbe Elektromedizin GmbH (Germany)', 'Stryker Corporation (United States)', 'Smith & Nephew PLC (United Kingdom)', 'Applied Medical Resources Corporation (United States)', 'Megadyne Medical Products, Inc. (United States)', 'Bovie Medical Corporation (United States)', 'KLS Martin Group (Germany)', 'CooperSurgical, Inc. (United States)', 'Apyx Medical Corporation (United States)', 'Meyer-Haake GmbH Medical Innovations (Germany)', 'Ellman International, Inc. (United States)', 'Utah Medical Products, Inc. (United States)', 'Karl Storz SE & Co. KG (Germany)'

The rise in the number of surgical procedures worldwide. As surgical procedures become more common to treat various medical conditions, the demand for electrosurgery devices, which aid in cutting, coagulating, and tissue ablation, increases.

The electrosurgery devices market is witnessing several key trends that are shaping its growth and development. One of the prominent trends is the increasing adoption of minimally invasive surgical procedures, driven by the advantages of faster recovery, reduced scarring, and shorter hospital stays. This has led to a rising demand for advanced electrosurgery devices that offer precise and controlled energy delivery. Another significant trend is the integration of cutting-edge technologies like robotics and artificial intelligence into electrosurgery devices, enhancing their precision and efficiency. These advanced technologies enable surgeons to perform complex procedures with improved accuracy and safety. Furthermore, there is a growing focus on the development of electrosurgery devices that are specifically designed for specialized surgical applications, such as neurosurgery and cosmetic surgery. This specialization allows for better outcomes and patient-specific treatments. Additionally, market players are investing in research and development to introduce innovative products and overcome existing challenges, like reducing thermal damage to surrounding tissues during surgery. As the healthcare industry continues to evolve, these trends are expected to drive the electrosurgery devices market forward.

In 2017, North America held the highest market share, followed by Europe. However, during the analysis period, Asia-Pacific is expected to take over as the dominant region in the market. This shift is attributed to factors such as the region's large geriatric population, increasing disposable incomes, and growing awareness about various cancers among patients. The prevalence of chronic diseases is also significant in Asia, making it an epicenter for such disorders. The rising demand for electrosurgery devices in Asia-Pacific indicates the region's potential as a key driver for market growth in the coming years.

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