Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.97 Billion | USD 13.21 Billion | 6.6% | 2024 |
The global electrosurgery devices market size was worth around USD 6.97 Billion in 2024 and is predicted to grow to around USD 13.21 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 6.6% between 2025 and 2034. The report analyzes the global electrosurgery devices market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the electrosurgery devices industry.
Electrosurgery devices are widely used in 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 sparks between the surgical site and probe, which is causing damage to the tissue. The high-powered electrosurgical device can help produce the desired results. There are different kinds of electrosurgical devices available in the market.
High inclination towards minimally invasive surgeries will drive the growth of the global market.
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.
Toxic fumes produced by electrosurgical devices are likely to emerge as a restraining factor in the global market.
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.
Increasing acquisition and product launch initiatives by market leaders are likely to create lucrative growth opportunities in the global market.
Many small-medium companies are undergoing mergers and acquisitions with 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.
Growing government regulations regarding the approval of surgical devices is a huge challenge in the global market.
The government is becoming stricter 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.
The global electrosurgery devices market is segmented based on TYPE, APPLICATION, and region.
Based on TYPE, the global electrosurgery devices market is divided into Electrosurgery Generators, Electrosurgery Instruments & Accessories, Argon and Smoke Management Systems,.
On the basis of APPLICATION, the global electrosurgery devices market is bifurcated into General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery, Others.
Report Attributes | Report Details |
---|---|
Report Name | Electrosurgery Devices Market |
Market Size in 2024 | USD 6.97 Billion |
Market Forecast in 2034 | USD 13.21 Billion |
Growth Rate | CAGR of 6.6% |
Number of Pages | 177 |
Key Companies Covered | Smith & Nephew Plc., Erbe Elektromedizin GmbH, CONMED Corporation, Bovie Medical Corporation, Olympus Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, Johnson & Johnson (Ethicon US, LLC.), BOWA-electronic GmbH & Co. KG, Medtronic Plc., and others. |
Segments Covered | By TYPE, By APPLICATION, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share of the global electrosurgical devices market due to the adoption of novel technologies, the increasing geriatric population, and the high 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.
Recent Developments
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the electrosurgery devices market on a global and regional basis.
The global electrosurgery devices market is dominated by players like:
The global electrosurgery devices market is segmented as follows;
By TYPE
By APPLICATION
By Region
FrequentlyAsked Questions
Electrosurgery devices are widely used in general surgery, gynecology surgery, cardiovascular surgery, and others.
The global electrosurgery devices market is expected to grow due to rising demand for minimally invasive surgeries, increasing prevalence of chronic diseases, growing geriatric population, technological advancements, and expanding surgical volumes worldwide.
According to a study, the global electrosurgery devices market size was worth around USD 6.97 Billion in 2024 and is expected to reach USD 13.21 Billion by 2034.
The global electrosurgery devices market is expected to grow at a CAGR of 6.6% during the forecast period.
North America is expected to dominate the electrosurgery devices market over the forecast period.
Leading players in the global electrosurgery devices market include Smith & Nephew Plc., Erbe Elektromedizin GmbH, CONMED Corporation, Bovie Medical Corporation, Olympus Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, Johnson & Johnson (Ethicon US, LLC.), BOWA-electronic GmbH & Co. KG, Medtronic Plc., among others.
The report explores crucial aspects of the electrosurgery devices market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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