Electrosurgery Market: Global Industry Analysis and Forecast (2023-2029)

Electrosurgery Market size was valued at USD 6.15 Bn. in 2022 and the total Electrosurgery Market revenue is expected to grow at 6.1 % from 2023 to 2029, reaching nearly USD 9.31 Bn.
Electrosurgery Market Overview:
Electrosurgery is a term used to describe multiple modalities that uses electricity to cause thermal destruction of tissue through coagulation, dehydration. The rising prevalence of chronic diseases, demand for minimally invasive procedures, innovation and technological advancements in electrosurgical instruments, an increase in hospitals (coupled with an increase in surgical procedures), and a shift in preference for outpatient procedures in developed regions are the main drivers of this market's growth. Electrosurgical equipment is used during surgical intervention to cut, desiccate, coagulate, and fulgurate tissue using a mildly raised electrical charge. Numerous surgical procedures, including vascular surgery, cardiovascular surgery, gynecological surgery, and others, utilize Electrosurgery technologies. These surgical tools use electric current to thermally harm the various tissues that are being targeted. Electrosurgery technologies are utilized in surgical intervention to coagulate, puncture, and fulgurite, as well as efficiently remove tissues. These methods work in conjunction with high-tech tools because they are easy to obtain and improve the efficacy of invasive surgery, Electrosurgery technologies are commonly employed in a variety of laparoscopic medical procedures to lessen patient trauma.
Research Scope:
The objective of the report is to present a comprehensive analysis of Global Electrosurgery Market which will be useful to all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are covered in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region.

PORTER, SWOT, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Electrosurgery Market dynamics, structure by analyzing the market segments and project the Global Electrosurgery Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Electrosurgery Market make the report investor’s guide.To know about the Research Methodology:-Request Free Sample Report
Electrosurgery Market Dynamics:
Market Drivers:

Electrosurgical methods, minimally invasive surgeries provide a number of advantages, including quicker recovery times, lower post-operative problems, and less pain. Additionally, these techniques are less expensive than standard surgical procedures. For the treatment of a number of illnesses, including liver cancer, heart valve abnormalities, ophthalmic disorders, and spine surgeries, laser and electrosurgical technologies are increasingly being favored over traditional surgical treatments.

Laparoscopic surgeries, also known as minimally invasive surgeries, are becoming more and more popular among patients due to a number of benefits, including lower surgical risks, less pain and blood loss, a lower risk of infection, and a shorter postoperative recovery period (resulting in shorter hospital stays and lower costs). Cosmetic, cardiovascular, and gynecological surgeries, for example, call for precision and must be completed quickly. The ease and speed with which such surgeries can be carried out are made possible by Electrosurgery tools like generators and active electrodes, which increases demand for Electrosurgery market.

Market Restraints:

High-frequency electrical currents are utilized during electrosurgical operations to cut and coagulate tissue. Electric shocks, thermal burns, the production of toxic gases, smoke inhalation, and the spread of infection are all possible side effects of the electrosurgical generator's heat. For instance, a patient in the US suffers burns during laparoscopic surgery every 90 minutes, according to Encision Inc. (US). Additionally, electrosurgical therapy of patients who have pacemakers and defibrillators implanted in their hearts may result in the failure of those devices. If sufficient precautions are not taken during the process, Electrosurgery also carries a high risk of contamination. The market for Electrosurgery is anticipated to increase slowly as a result of these considerations.

Market Opportunities:

Numerous medical specialties, such as urology, pneumology, gynaecology, gastroenterology, abdominal surgery, general surgery, and others, use electrosurgical techniques. Electrosurgery is used in the majority of significant surgical procedures, including cutting, coagulation, devitalization, and thermo fusion, hence there is a significant unmet need for minimally invasive surgeries. Electrosurgery is preferred over more traditional surgical methods primarily because it is less dangerous for the patient, recovers more quickly, has a lower risk of infection, and is simpler to use. Additionally, electrosurgical operations are simple to perform in an office setting, so it is projected that the use of electrosurgical equipment will increase significantly throughout the forecast period.
Electrosurgery Market Segment Analysis:
Based on Surgery Type, General surgery, obstetric/gynaecological surgery, urological surgery, orthopaedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other operations are the different subsectors of the Electrosurgery market. The market for Electrosurgery was dominated in 2022 by the general surgery category. The electrosurgical equipment in general surgery is expanding due to ageing population, rise in surgical facilities, and the expansion of the healthcare sector in developing nations.

Based on End-User, Hospitals, clinics, are the end user segments of the Electrosurgery market. Other segments include ambulatory surgical centres, research labs, and academic institutions. In 2022, the hospitals, clinics, and ablation centres held the biggest market share due to the high volume of Electrosurgery treatments and increasing use of minimally invasive techniques.

Based on Product type, electrosurgical generators, active electrodes, dispersive electrodes, and various accessories make up the market segments. The development of the active electrode market is being driven by the introduction of technologically upgraded electrodes and the expanding use of disposable electrodes. Electrosurgical techniques require active electrodes as a necessary component. These electrodes come in a variety and are employed depending on the goal of the surgery and the types of tissues involved. As a result, the active electrode segment gained the greatest market share in 2022 and is predicted to hold onto it for the duration of the forecast.

The rising use of bipolar equipment is expected to hinder the growth of the dispersive electrodes market. Contrary to monopolar operations, bipolar ones don't need dispersive electrodes.
Electrosurgery Market Regional Insights:
In 2020, North America dominated the market. This can be attributable to the substantial local player presence and intense regional competitiveness. During the projected period, a high adoption rate of cutting-edge technology and the presence of knowledgeable people are anticipated to fuel market expansion. With a sizable client base, the U.S., which in 2015 had the biggest market share worldwide, controls the industry dynamics. The government's policies, the country's economy, and the well-established healthcare industry all contribute to a favourable environment for market expansion. For instance, the nation lacks C-codes for electrosurgical equipment. For the c-code devices, hospitals are not paid any extra money.

The elements projected to drive growth in the Asia Pacific region include fast-paced economic development, increasing foreign direct investments, and increased public awareness of cutting-edge, minimally invasive surgical instruments.
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Electrosurgery Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 6.15 Bn.


Forecast Period 2023 to 2029 CAGR:
6.1%
Market Size in 2029:
US $ 9.31 Bn.


 Segments Covered:
by Surgery Type
• General surgery
• Obstetric/gynecological surgery
• Urological surgery
• Orthopedic surgery
• Cardiovascular surgery
• Cosmetic surgery
• Neurosurgery
• Oncological surgery


by End-user
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others


by Product type
• Electrosurgical generators
• Active electrodes
• dispersive electrodes
• various accessories



Electrosurgery Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Electrosurgery Market, Key Players are:
• Medtronic PLC (US)
• Applied Medical Resources Corporation (US)
• Utah Medical Products, Inc. (US)
• Kirwan Surgical Products LLC (US)
• Johnson & Johnson (US)
• Conmed Corporation (US)
• Parkell, Inc. (US)
• DTR Medical Ltd (UK)
• Fluke Corporation (US)
• Plasma Surgical Inc (US)
• Symmetry Surgical Inc (US)
• Becton, Dickinson and Company (US)
• Xodus Medical (US)
• Stryker Corporation (US)
• Medtronic-Covidien AG (UK)
• Smith and Nephew (UK)
• Prima Medical Limited (UK)
• Welfare Medical Ltd. (UK)
• Soring GmbH (Germany)
• B. Braun Melsungen AG (Germany)
• Erbe Elektromedizin GmbH (Germany)
• KLS Martin Group (Germany)
• Bowa-Electronic GmbH & Co. Kg (Germany)
• Ackermann Instrumente GmbH (Germany)
• Atmos Medizin Technik GmbH & Co. KG (Germany)
• Olympus Corporation (Japan)
• XcelLance Medical Technologies Pvt. Ltd. (India)
• RF Medical Co. Ltd (South Korea)

FAQs:

1. Which is the potential market for the Electrosurgery Market in terms of the region?
Ans. In North America region, the growing business and are expected to help drive the use of collaborative screens.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is new initiatives from governments that provide funding for Electrosurgery Markets in hospital sectors.

3. What is expected to drive the growth of the Electrosurgery Market in the forecast period?
Ans. A major driver in the Electrosurgery Market by the COVID-19 pandemic

4. What is the projected market size & growth rate of the Electrosurgery Market?
Ans. The Electrosurgery Market size was valued at US$ 6.15 Billion in 2022 and the total Electrosurgery Market revenue is expected to grow at 6.1 % through 2023 to 2029, reaching nearly US$ 9.31 Billion.

5. What segments are covered in the Electrosurgery Market report?
Ans. The segments covered are Surgery type, Battery type, Product type and by Region