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 competitive landscape of the electrosurgery market is characterized by intense competition among market players striving to gain a significant market share. These players focus on product development, technological advancements, strategic collaborations, and mergers and acquisitions to strengthen their market position. The market is marked by the presence of both established multinational companies and emerging players, each striving to differentiate themselves through innovative product offerings, expanding their distribution networks, and catering to the specific needs of healthcare facilities and professionals. The emphasis on research and development activities and regulatory compliance further intensifies the competitive dynamics within the electrosurgery market. 'BOWA-electronic GmbH & Co. KG (Germany)', 'Prima Medical (UK)', 'XCELLANCE Medical Technologies (India)', 'ATMOS MedizinTechnik GmbH & Co. KG (Switzerland)', 'Ethicon US, LLC. (US)', 'Johnson & Johnson Services, Inc. (US)', 'Parkell, Inc. (US)', 'Smith + Nephew (UK)', 'Kirwan Surgical Products, LLC. (US)', 'Utah Medical Products, Inc. (US)', 'KLS Martin Group (Germany)', 'Medtronic (Ireland)', 'Zimmer Biomet (US)', 'Erbe Elektromedizin GmbH (Germany)', 'SYMMETRY SURGICAL INC (US)', 'CONMED Corporation (US)', 'Hologic, Inc. (US)', 'Applied Medical Resources Corporation (US)', 'B. Braun Melsungen AG (Germany)', 'Olympus Corporation (Japan)'

One key driver of the electrosurgery market is the increasing number of surgical procedures worldwide. As the population grows and ages, the demand for surgical interventions for various medical conditions continues to rise. Electrosurgery devices offer advantages such as precision, reduced invasiveness, and faster recovery times, making them a preferred choice for surgeons and patients alike.

Increasing adoption of advanced bipolar energy devices: One key market trend in the electrosurgery market is the increasing adoption of advanced bipolar energy devices. These devices offer improved precision, reduced tissue damage, and enhanced sealing capabilities compared to traditional monopolar devices. The trend towards advanced bipolar energy devices is driven by the growing demand for minimally invasive surgeries, advancements in technology, and the need for improved patient outcomes. Surgeons are increasingly opting for these devices to perform delicate procedures with greater control and precision, leading to a shift in the market towards advanced bipolar energy devices.

The dominant segment in the electrosurgery market based on region is North America. North America has a well-established healthcare infrastructure, a high adoption rate of advanced medical technologies, and a strong presence of key market players. The region is characterized by robust research and development activities, favorable reimbursement policies, and a growing number of surgical procedures, all of which contribute to the dominance of North America in the electrosurgery market.