High radio frequency alternating polarity electrical current is apply during electrosurgery to cut, desiccate, and coagulate biological tissue. The equipment that is utilize to carry out electrosurgical treatments is refer to as an electrosurgical device. There are several medical domains where they are applicable. The benefits of electrosurgery over conventional treatments and the rising popularity of minimally invasive or noninvasive surgical techniques offer tremendous potential for the expansion of the global market for electrosurgical instruments.
The market worth of electrosurgical devices in 2021 was USD 3.18 billion, and it will be worth USD 5.25 billion by 2030, growing at a 5.73% CAGR during the forecast period.
Various surgery like cardiac, orthopedic, cosmetic and dermatological, gynecological, plastic, ENT, veterinary, maxillofacial, urological, neurological, general, and even dental procedures are performed with electrosurgical devices.
Market Dynamics
Drivers
The market for electrosurgical devices is being driven forward by an increase in surgical procedures, an increase in the demand for minimally invasive procedures, an increase in the number of medical, cosmetic, and age-related surgeries, an increase in the number of ambulatory surgery centers, an increase in the prevalence of chronic diseases, and technological advancements. Furthermore, the market is growing as a result of efficient techniques such as electrocoagulation, electrofulguration, electrosection, thermocautery, electrosurgery for the skin, desiccation electrosurgery, electrosurgical cutting, and electrosurgery for dental restorations.Restraints
The lack of qualified medical specialists and the dangers of electrosurgical procedures will restrain the market growth.Opportunity
Emerging markets with high development potential offer the industry lucrative growth prospects. Additionally, complex, high-tech equipment with high precision and dependability is also needed for surgical procedures, including cranial surgery, spine surgery, and neurological surgery, among many others. These operations thereby increase demand and encourage market growth.Market Segmentation
By product
On the basis of product, the market is segmented into electrosurgery instruments & accessoried, electrosurgery generators, and argon and smoke management systems. In 2020, the electrosurgical instruments and accessories significantly ruled. The entire market and will grow at a 5.6% CAGR during the forecast period.By Application
On the basis of application, the electrosurgical devices market is segmented into gynecology surgery, general surgery, urologic surgery, neurosurgery, orthopedic surgery, cardiovascular surgery, veterinary surgery, cosmetic surgery, and other application. The General Surgery segment had the most market share in 2020 due to the rising number of surgeries worldwide. The orthopedic surgery and gynecological surgery segment will grow at a rapid pace as a result of changes in women’s lives and the body’s response to such changes. Gynecological surgical operations are increasing as a result of unhealthy eating patterns, decreased physical activity, and elevated stress levels.Regional Insights
In 2020, North America led the entire electrosurgical devices market with the highest revenue share, followed by Europe. In 2020, North America held a market share of more than USD 3.6 billion for electrosurgical devices. Thanks to the region’s early adoption of novel technology, good surgical success rates, and growing senior population. Heart disease is the prevalent cause of death in the US. According to the CDCP (Centers for Disease Control and Prevention). Additionally, it was claim that 1.4 million cosmetic surgery treatments took place in the United States alone in 2019. Asia-Pacific will expand at a rapid rate as a result of the region’s aging population. Rising disposable incomes, and expanding patient knowledge of various cancers.Key Players
- Ethicon Inc.
- Bovie Medical Corporation
- ATMOS Inc.
- Olympus Corporation
- Kirwan Surgical Products LLC
- Covidien Plc
- Parkell Inc.
- Braun Melsungen AG
- Smith and Nephew
- Boston Scientific
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Immunoassay Market Report – The global immunoassay market will witness a robust CAGR of 7.3%, valued at $24.30 billion in 2021. Expected to appreciate and reach $45.82 billion by 2030, confirms Strategic Market Research. North America is poise to lead the industry, follow by Europe. Pathogens, such as bacteria, fungus, protozoa, worms, viruses, and prions, cause infectious diseases. High radio frequency alternating polarity electrical current is apply during electrosurgery to cut, desiccate, and coagulate biological tissue. The equipment that is utilize to carry out electrosurgical treatments is refer to as an electrosurgical device. There are several medical domains where they are applicable. The benefits of electrosurgery over conventional treatments and the rising popularity of minimally invasive or noninvasive surgical techniques offer tremendous potential for the expansion of the global market for electrosurgical instruments. The market worth of electrosurgical devices in 2021 was USD 3.18 billion, and it will be worth USD 5.25 billion by 2030, growing at a 5.73% CAGR during the forecast period. Various surgery like cardiac, orthopedic, cosmetic and dermatological, gynecological, plastic, ENT, veterinary, maxillofacial, urological, neurological, general, and even dental procedures are performed with electrosurgical devices.Market Dynamics
Drivers
The market for electrosurgical devices is being driven forward by an increase in surgical procedures, an increase in the demand for minimally invasive procedures, an increase in the number of medical, cosmetic, and age-related surgeries, an increase in the number of ambulatory surgery centers, an increase in the prevalence of chronic diseases, and technological advancements. Furthermore, the market is growing as a result of efficient techniques such as electrocoagulation, electrofulguration, electrosection, thermocautery, electrosurgery for the skin, desiccation electrosurgery, electrosurgical cutting, and electrosurgery for dental restorations.Restraints
The lack of qualified medical specialists and the dangers of electrosurgical procedures will restrain the market growth.Opportunity
Emerging markets with high development potential offer the industry lucrative growth prospects. Additionally, complex, high-tech equipment with high precision and dependability is also needed for surgical procedures, including cranial surgery, spine surgery, and neurological surgery, among many others. These operations thereby increase demand and encourage market growth.Market Segmentation
By product
On the basis of product, the market is segmented into electrosurgery instruments & accessoried, electrosurgery generators, and argon and smoke management systems. In 2020, the electrosurgical instruments and accessories significantly ruled the entire market and will grow at a 5.6% CAGR during the forecast period.By Application
On the basis of application, the electrosurgical devices market is segmented into gynecology surgery, general surgery, urologic surgery, neurosurgery, orthopedic surgery, cardiovascular surgery, veterinary surgery, cosmetic surgery, and other application. The General Surgery segment had the most market share in 2020 due to the rising number of surgeries worldwide. The orthopedic surgery and gynecological surgery segment will grow at a rapid pace as a result of changes in women’s lives and the body’s response to such changes. Gynecological surgical operations are increasing as a result of unhealthy eating patterns, decreased physical activity, and elevated stress levels.Regional Insights
In 2020, North America led the entire electrosurgical devices market with the highest revenue share, followed by Europe. In 2020, North America held a market share of more than USD 3.6 billion for electrosurgical devices thanks to the region’s early adoption of novel technology, good surgical success rates, and growing senior population. Heart disease is the prevalent cause of death in the US, according to the CDCP (Centers for Disease Control and Prevention). Additionally, it was claim that 1.4 million cosmetic surgery treatments took place in the United States alone in 2019. Asia-Pacific will expand at a rapid rate as a result of the region’s aging population, rising disposable incomes, and expanding patient knowledge of various cancers.Key Players
- Ethicon Inc.
- Bovie Medical Corporation
- ATMOS Inc.
- Olympus Corporation
- Kirwan Surgical Products LLC
- Covidien Plc
- Parkell Inc.
- Braun Melsungen AG
- Smith and Nephew
- Boston Scientific