Electrosurgery Devices Market

Market Definition:

The global Electrosurgery Devices Market size was valued at USD 5.37 billion in 2021 and is predicted to reach USD 9.12 billion by 2030 with a CAGR of 6.06% from 2022-2030. Electrosurgery devices are the surgical instruments used to carve, cut, coagulate, desiccate and fulgurate tissues and are used in a wide range of surgical procedures as well as minimally invasive surgery (MIS). These devices mainly aim to prevent blood loss with precise cuts during surgeries.

A shifting paradigm towards electrosurgery over conventional surgical techniques is observed currently due to faster recovery time, ease of usage, low risk to the patient, and minimal infection risks. Moreover. These procedures can be easily performed in an office setting, hence widening their applications across various medical disciplines.

Market Dynamics and Trends

An increase in demand for electrosurgery devices is driven by a rise in the number of several surgeries, such as cosmetology, neurosurgery, cardiology, and orthopedics globally. Electrosurgery devices including active electrodes and generators make these surgeries easier and less time-consuming, hence driving their uptake. The steady shift from conventional methods towards modern tools including surgical blades and lasers further drives the electrosurgery devices market progression. Besides, the introduction of monopolar and bipolar electrosurgical units has amplified the scope of product application.

Furthermore, the growing geriatric population base along with rising cases of chronic diseases such as heart disease, neurological disorders, and musculoskeletal disorders globally are further expected to push the demand for electrosurgery devices market growth. As per data published in January 2022 by the British Heart Foundation, there were ~7.6 million people affected by heart disease in the UK. Apart from this, according to the WHO data published in October 2021, the number of aged people (60 years & above) was anticipated to upsurge from 1 billion in 2020 to 1.4 billion by 2030.

However, lack of expertise and trained personnel and the risk of unintended burns are among a few restraining factors in the market. On the contrary, the  expansion of minimally invasive surgical procedures along with rising technological advancements in electrosurgery devices, such as the ESG-300 Electrosurgery Generator from Olyumpus, is expected to create ample growth opportunities for the market in the coming years. This new device is designed for GI and pulmonary surgeries available in a variety of modes, which allow the device to make precise cuts with minimal blood loss.

Market Segmentations and Scope of the Study

The electrosurgery devices market is segmented on the basis of product, application, end-user, and geography. Based on product, the market is categorized into electrosurgical generators, Argon and Smoke Management System, electrosurgical instruments, and others. Electrosurgical instruments are further segmented as bipolar and monopolar instruments where bipolar consists of bipolar forceps and advanced vessel sealing instruments. Whereas monopolar segment is further categorized as monopolar forceps, electrosurgery pencils, electrodes and suction coagulators.

By application, the market is analyzed across general surgery, gynecology, orthopedic surgery, cardiovascular surgery, neurosurgery, urology, dermatology and cosmetology, orthopedics, oncology, dentistry, and gastrointestinal surgery.

By end-users, it is classified into hospitals, ablation centers, ambulatory surgical centers, specialized clinics, and others. Geographic breakdown and analysis of each of the aforesaid segments include regions such as North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the maximum share in terms of revenue and is anticipated to continue its dominance during the forecast period. The rapid increase in chronic diseases, high preference for minimally invasive surgeries, and geriatric population in this region drive the market progression. According to the Centers for Disease Control and Prevention (CDC) data in 2021, cardiovascular disease accounted for ~659,000 deaths in the U.S. every year, resulting in 1 of each in every 4 deaths in the country. The presence of prominent players in this region and continuous developments undertaken by them further boost regional growth. For instance, in June 2021, Ethicon Inc. launched the ENSEAL X1, an advanced bipolar energy device, which offers stronger sealing and better access to more tissue in colorectal and bariatric surgery.

Whereas Asia-Pacific is anticipated to show a significant growth rate during the forecasted timeframe due to the rapidly growing geriatric population, mostly in the countries such as Japan, South Korea, and Singapore along with rising cases of chronic diseases. As per 2021 data from the World Bank, 29% of the total population in Japan was aged 65 and above. Also, high adoption and implementation of advanced electrosurgery devices while increasing the number of surgeries, such as cosmetic and laparoscopic surgery boost the regional growth. As per Statista 2022 data, there were ~203.5K face and head cosmetic surgical procedures in Japan in 2020.

Competitive Landscape

The electrosurgery devices industry is consolidated with few key players capturing the maximum market. Prominent players include Olympus Corporation, Johnson and Johnson (Ethicon, Inc.), Erbe Elektromedizin GmBH, Medtronic, Plc., Smith and Nephew, Plc., B. Braun Melsungen AG, The Cooper Companies, Inc., CONMED Corporation, Zimmer Biomet Holdings, Inc., and Boston Scientific Corporation.

With recent market dynamics and rising demand for innovative technologies, there is high competition in the marketplace. To combat this competition, companies are involved in several novel strategies to maintain their position in the market. For instance, in September 2021, Olympus Corporation launched a 5mm curved jaw tissue sealer and divider known as Powerseal, which is an advanced bipolar surgical energy product. It aims to deliver consistent sealing reliability and promotes procedural efficiency.

Conversely, in June 2021, Erbe Elektromedizin stated to acquire the German fluorescence-guided surgery firm, Maxer Endoscopy, to strengthen the surgical endoscopy business of Erbe. This acquisition would allow Erbe to enter the field of fluorescence imaging systems.

Key Benefits

• The electrosurgery devices market report provides the quantitative analysis of the current market and estimations from 2021 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises of an extensive analysis of the current and future electrosurgery devices market trends, depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities, and their impact on the electrosurgery devices market is provided in the report.

• The competitive analysis of the market players along with their market share in the electrosurgery devices market is mentioned.

• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

• The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Electrosurgery Devices Market Key Segments

By Product

• Electrosurgical Generators

• Argon and Smoke Management Systems

• Electrosurgical Instruments

  • Bipolar Instruments

    • Bipolar Forceps

    • Advanced Vessel Sealing Instruments

  • Monopolar Instruments

    • Monopolar Forceps

    • Electrosurgery Pencils

    • Suction Coagulators

    • Electrosurgery Electrodes

• Others

By Application

• General Surgery

• Gynecology

• Orthopedic Surgery

• Cardiovascular Surgery

• Neurosurgery

• Urology

• Dermatology

• Cosmetology

• Orthopedics

• Oncology

• Dentistry

• Gastrointestinal Surgery

• Others

By End-users

• Hospitals

• Ablation Centers

• Ambulatory Surgical Centers

• Specialized Clinics

• Others

By Geography

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2021	USD 5.37 Billion
Revenue Forecast in 2030	USD 9.12 Billion
Growth Rate	CAGR of 6.06% from 2022 to 2030
Analysis Period	2021–2030
Base Year Considered	2021
Forecast Period	2022–2030
Market Size Estimation	Billion (USD)
Growth Factors	Increase in demand for electrosurgery devices. Growing geriatric population base along with rising cases of chronic disease drives the demand for electrosurgery devices market.
Countries Covered	20
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS:

• Olympus Corporation

• Johnson and Johnson (Ethicon, Inc.) 

• Erbe Elektromedizin GmBH

• Medtronic, Plc.

• Smith and Nephew, Plc.

• B. Braun SE

• The Cooper Companies, Inc.

• CONMED Corporation

• Zimmer Biomet 

• Boston Scientific Corporation