The global market was valued at $7 billion in 2021 and is projected to surpass $10 billion by 2028. The market report is a comprehensive study on different market dynamics, including growth factors, restraints, opportunities, and challenges affecting the marketplace.
The global market was valued at $7 billion in 2021 and is projected to surpass $10 billion by 2028. The market report is a comprehensive study on different market dynamics, including growth factors, restraints, opportunities, and challenges affecting the marketplace. It is a holistic evaluation of the competitive and geographical landscape impacting the market growth.
Electrosurgery devices are widely utilized in surgical procedures like general surgery, gynecology surgery, cardiovascular surgery, and others. These devices pass electric current that helps in the thermal destruction of targeted tissues. The electrosurgery devices help in fulgurate, desiccating, coagulating, and cutting the tissues during surgical procedures. These devices are well utilized in association with specialized instruments. These devices form an integral part of surgeries today. Blood coagulation can be done with the help of electrosurgical generators that help in generating radio frequency spark between the surgical site and probe, which is causing damage to the tissue. The high-powered electrosurgical device can help produce desired results. There are different kinds of electrosurgical devices available in the market.
The outbreak of the Covid-19 pandemic has significantly impacted the growth trajectory of the global electrosurgical devices market as the government all across the globe have halted the non-essential surgical procedures in the wake of growing Covid cases. However, it has contributed a negative effect on the growth of the global market for the short term, but the market is likely to see growth prospects again in the forthcoming years due to the soaring demand for surgeries, both the new and the ones that were postponed due to the worldwide lockdowns. Furthermore, logistic disruptions caused product shortage which has also impacted global markets severally. However, ease in lockdowns in several parts of the world is likely to increase traction among end-users for electrosurgical devices.
The increasing domination of minimally invasive surgeries transformed conventional tools like lasers and surgical blades into electrosurgical devices, which in turn will exponentially boost the growth of the global electrosurgical devices market in the forthcoming years. The high reliability and accuracy are some of the major factors complimenting the growth in the market. The advent of bipolar and monopolar electrosurgical units has further expanded the scope of such devices globally. With time, the number of surgical operations in a different stream of the healthcare system is increasing significantly. Therefore, such electrosurgical devices became an indispensable part of healthcare surgeries. A growing population is facing severe health issues like orthopedic, gynecologist, neurological, and cardiovascular problems, which are likely to resolve only through surgical treatments.
Surgical smoke produced by electrosurgical devices is toxic for healthcare staff and patients in the operating room. Inhaling toxic gasses like benzene, hydrogen cyanide, and carbon monoxide can cause serious respiratory issues and eye irritation. Therefore, such a landscape is likely to hamper the growth of the global electrosurgical devices market.
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Many small-medium companies are undergoing mergers and acquisitions with the giant companies to expand their market base and extract higher revenue from the market. Furthermore, many other organic and inorganic strategies like product launches are observed in the market, which in turn are expected to open several new avenues in the market in the forthcoming years. Additionally, the ongoing technological advancements in the market will further strengthen the demand for electrosurgical devices in the future.
The government is becoming strict and more aware of the medical devices used for surgical operations. Increasing restrictions on product approval is a huge challenge for the market players operating in the global market.
By type, the market can be segmented into argon & smoke management systems, electrosurgery instruments & accessories, and electrosurgery generators.
By application, the market can be segmented into neurosurgery, cosmetic surgery, cardiovascular surgery, gynecologic surgery, orthopedic surgery, general surgery, and others.
North America accounts for the largest share in the global electrosurgical devices market due to the adoption of novel technologies, increasing geriatric population, and highest surgery rates in the region. Additionally, the rising incidence rate of cardiovascular diseases is further likely to complement the growth of the regional market in the forthcoming years. Furthermore, the growing number of healthcare professionals like gynecologists and urologists will increase the demand for such devices in the region.
Some of the significant players in the global electrosurgical devices market include Smith & Nephew Plc., Olympus Corporation, Medtronic Plc., Johnson & Johnson, Erbe Elektromedizin GmbH, CONMED Corporation, BOWA-electronic GmbH & Co. KG, Bovie Medical Corporation, Boston Scientific Corporation, and B. Braun Melsungen AG.
FrequentlyAsked Questions
The increasing domination of minimally invasive surgeries transformed conventional tools like lasers and surgical blades into electrosurgical devices, which in turn will exponentially boost the growth of the global electrosurgical devices market in the forthcoming years.
The global market was valued at $7 billion in 2021 and is projected to surpass $10 billion by 2028.
Some of the significant players in the global electrosurgical devices market include Smith & Nephew Plc., Olympus Corporation, Medtronic Plc., Johnson & Johnson, Erbe Elektromedizin GmbH, CONMED Corporation, BOWA-electronic GmbH & Co. KG, Bovie Medical Corporation, Boston Scientific Corporation, and B. Braun Melsungen AG.
North America accounts for the largest share in the global electrosurgical devices market due to the adoption of novel technologies, increasing geriatric population, and highest surgery rates in the region. Additionally, the rising incidence rate of cardiovascular diseases is further likely to complement the growth of the regional market in the forthcoming years.
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