Global Electrosurgery Market Insights Forecasts to 2032

• The Global Electrosurgery Market was valued at USD 6.15 Billion in 2022.
• The Market is growing at a CAGR of 5.8% from 2022 to 2032.
• The Worldwide Electrosurgery Market is expected to reach USD 10.81 Billion by 2032.
• Asia-Pacific is expected to grow higher during the forecast period.

 

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The Global Electrosurgery Market is expected to reach USD 10.81 Billion by 2032, at a CAGR of 5.8% during the forecast period 2022 to 2032.

 

Market Overview

Electrosurgery is a medical technique that employs high-frequency electrical currents to cut, coagulate, or ablate tissues during surgical procedures. The procedure involves the use of specialized instruments, such as electrosurgical units and electrodes, which deliver the electrical energy to the target tissues. Electrosurgery offers several advantages over traditional surgical methods, including enhanced precision, reduced bleeding, and decreased postoperative recovery time. There are two main types of electrosurgery: monopolar and bipolar. In monopolar electrosurgery, the electrical current passes through the patient's body from an active electrode to a neutral electrode, while bipolar electrosurgery utilizes two electrodes that both grasp and treat the tissue. However, due to potential risks, it requires skilled practitioners and adherence to safety guidelines to ensure optimal outcomes.

 

Report Coverage

This research report categorizes the market for electrosurgery market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the electrosurgery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the electrosurgery market.

 

Driving Factors

The electrosurgery market is driven by several key factors that influence its growth and adoption globally, the increasing prevalence of chronic diseases and age-related conditions necessitating surgical interventions has propelled the demand for minimally invasive procedures, where electrosurgery plays a significant role. The rising geriatric population, coupled with the growing burden of chronic ailments, has created a substantial patient pool, fostering market growth. The advancements in electrosurgical devices, including cutting-edge technologies and innovative product launches, attract healthcare providers seeking enhanced surgical precision and patient outcomes. Additionally, the rising awareness among healthcare professionals about the benefits of electrosurgery, such as reduced blood loss, shorter hospital stays, and faster recovery, has boosted its adoption. Moreover, the growing trend of outpatient surgeries and the shift towards cost-effective and efficient surgical techniques have further fueled market expansion. Furthermore, the increasing investment in healthcare infrastructure, particularly in developing economies, has facilitated the accessibility of advanced surgical technologies, including electrosurgical devices. The rising adoption of electrosurgery in various medical specialties, such as dermatology, gynecology, and gastroenterology, has also contributed to market growth. The ongoing research and development activities by manufacturers to improve device functionality, safety, and usability have stimulated market advancements. However, challenges related to the risk of complications, such as tissue damage and electrosurgical burns, along with stringent regulatory requirements, may impede the market's growth to some extent. Nonetheless, the continuous efforts to address these challenges through technological innovations and regulatory compliance are expected to drive the electrosurgery market forward in the coming years.

 

Restraining Factors

The electrosurgery market faces several restraints that hinder its growth prospects, the risk of potential complications, such as tissue damage, burns, and unintended thermal injuries, raises concerns among healthcare practitioners and patients, leading to cautious adoption. The high cost associated with advanced electrosurgical equipment and the need for specialized training for healthcare professionals create financial and logistical barriers. Additionally, stringent regulatory requirements and the lengthy approval process for new electrosurgical devices pose challenges for manufacturers, affecting their ability to swiftly introduce innovations to the market.

 

Market Segmentation

• In 2022, the electrosurgical instruments segment accounted for around 38.4% market share

On the basis of the product, the global electrosurgery market is segmented into electrosurgical instruments, electrosurgical accessories, and smoke evacuation systems. The electrosurgical instruments segment dominated the electrosurgery market due to various reasons. These instruments play a central role in performing electrosurgical procedures, such as cutting, coagulating, and ablating tissues. The increasing demand for minimally invasive surgeries has led to a surge in the adoption of these instruments, given their precision and effectiveness. Additionally, advancements in electrosurgical instruments, such as improved energy delivery systems, enhanced safety features, and ergonomic designs, have attracted healthcare professionals. Furthermore, the expanding application of electrosurgical instruments in diverse medical specialties has further propelled their market dominance.

 

• In 2022, The general surgery segment held the largest market with more than 55.6% revenue share in 2022

Based on the surgery, the global electrosurgery market is segmented into general surgery, obstetric/gynecological surgery, orthopedic surgery, cardiovascular surgery, oncological surgery, cosmetic surgery, urological surgery, neurosurgery, and others. The general surgery segment held the largest market share in the electrosurgery market due to several factors. General surgery involves a wide range of procedures performed across various medical conditions, including abdominal surgeries, appendectomies, and hernia repairs, among others. The increasing prevalence of chronic diseases and age-related conditions necessitating general surgical interventions has boosted the demand for electrosurgical procedures in this segment. Moreover, advancements in electrosurgical technologies have made them more suitable and effective for general surgeries, attracting healthcare providers to incorporate these techniques, and contributing to the segment's significant market dominance.

 

• In 2022, the hospitals, clinics, and ablation centers segment held the largest market with more than 42.8% revenue share during the forecast period

Based on the end-user, the global electrosurgery market is segmented into hospitals, clinics, and ablation centers, ambulatory surgical centers, & research laboratories and academic institutes. The hospitals, clinics, and ablation centers segment held the largest market share in the electrosurgery market due to several key factors. These healthcare facilities serve as primary centers for elective and non-elective surgical procedures, making them significant contributors to the adoption of electrosurgery. The increasing number of surgeries performed in hospitals and clinics, coupled with the growing preference for minimally invasive techniques, has driven the demand for electrosurgical devices. Moreover, the rising number of ablation procedures for various medical conditions, such as cardiac arrhythmias and tumors, has further bolstered the segment's dominant position in the market.

 

Regional Segment Analysis of the Electrosurgery Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America dominated the market with more than 32.7% revenue share in 2022.

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Based on region, North America dominated the electrosurgery market, holding the largest market share due to well-established healthcare infrastructure, advanced medical technologies, and high healthcare expenditure have fostered the widespread adoption of electrosurgical procedures. Additionally, the increasing prevalence of chronic diseases, the growing aging population, and rising demand for minimally invasive surgeries have further fueled the market's growth in North America.

 

Asia-Pacific is projected to experience higher growth in the electrosurgery market during the forecast years due to expanding population, rising healthcare infrastructure development and increasing awareness about advanced medical technologies are driving the adoption of electrosurgical procedures. Moreover, the growing burden of chronic diseases and the rising demand for better healthcare services are propelling the market's expansion.

 

Recent Developments

• In April 2022, J&J launched an electrosurgical generator for use in a wide range of open and laparoscopic operations. It is a microprocessor-controlled, isolated output, high-frequency generator that can perform monopolar cutting and coagulation as well as bipolar coagulation through an auxiliary electrode.

 

• In May 2022, Medtronic (Ireland) and DaVita Inc. (US) collaborated to develop a new, independent kidney care-focused medical device firm ("NewCo" or "the Company") to improve patient treatment experience and overall outcomes.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global electrosurgery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Companies:

• Medtronic PLC
• Olympus Corporation
• B. Braun Melsungen AG
• CONMED Corporation
• Boston Scientific
• Smith & Nephew PLC
• Erbe Elektromedizin GmbH
• KLS Martin, BOWA-electronic GmbH & Co. KG
• The Cooper Companies, Inc.
• Kirwan Surgical Products LLC
• Zimmer Biomet Holdings, Inc.
• Utah Medical Products Inc.

 

Key Target Audience

• Market Players
• Investors
• End-Users
• Government Authorities 
• Consulting and Research Firm
• Venture Capitalists
• Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global electrosurgery market based on the below-mentioned segments:

 

Electrosurgery Market, By Product

• Electrosurgical Instruments
• Electrosurgical Accessories
• Smoke Evacuation Systems

 

Electrosurgery Market, By Surgery

• General Surgery
• Obstetric/Gynecological Surgery
• Orthopedic Surgery
• Cardiovascular Surgery
• Oncological Surgery
• Cosmetic Surgery
• Urological Surgery
• NeuroSurgery
• Others

 

Electrosurgery Market, By End-User

• Hospitals, Clinics, and Ablation Centers
• Ambulatory Surgical Centers
• Research Laboratories and Academic Institutes

 

Electrosurgery Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa