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Global Electrosurgical Devices Market size is predicted to reach $8.4 billion by 2030, growing at a CAGR of 5.2 % during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Escalating Construction Sectoris poised to propel the market growth, finds IndustryARC in its recent report, titled “Electrosurgical Devices Market – By Product Type (Electrosurgery Generators, Electrosurgery Instruments, Smoke Management Systems, Accessories & Others), By Type (Monopolar, Bipolar), By Application (General Surgery, Gynecology, Cardiology, Urology, Dermatology and Cosmetology, Orthopedics, Neurology, Oncology, Dentistry, Gastrointestinal Surgery), By End-Use Industry (Hospitals, Ambulatory Surgery Centers, Specialized Clinic, By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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Asia Pacific to Register Highest Growth:
Asia-Pacific is projected to experience the fastest growth throughout the forecasted period, driven by the increasing senior population, rising disposable incomes, and heightened patient awareness of various malignancies. Additionally, Asia, as a vast continent, has become a hotspot for chronic diseases.
Electrosurgical Devices Market 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
5.2% |
|
Market Size in 2030 |
$8.4 billion |
|
Segments Covered |
Product Type, Type, Application, End-Use Industry and Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. Stryker. Corporation 2. B. Brawn Melsungen AG. 3. Boston Scientific Corporation 4. Medtronic Plc 5. Smith & Nephew 6. Erbe Elektromedizin GmbH 7. Johnson & Johnson 8. Angio Dynamics Inc. 9. Olympus Corporation 10. CONMED Corporation |
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Electrosurgical Devices Market Report – Key Takeaways:
Based on type, Electrosurgical Instruments held the largest market share, attributed to the extensive range of electrosurgical instruments available, each tailored for specific applications. This diversity meets the varied requirements of different surgeries, ensuring that an appropriate instrument is available for each task. This wide selection significantly contributes to the overall market share of these instruments. In electrosurgery, devices encompass electrosurgical units, bipolar and monopolar forceps, electrodes, diathermy instruments, and other machines. These instruments utilize high-frequency energy to produce thermal effects for cutting and coagulating tissue.
General surgery encompasses a wide range of procedures, from minimally invasive laparoscopic surgeries to open abdominal operations. This diversity requires an extensive array of electrosurgical instruments for tasks such as cutting, grasping, dissecting, and coagulating tissues. The rising incidence of chronic diseases, including obesity, gastrointestinal disorders, and colorectal cancer, is driving the need for more general surgical procedures, thereby increasing the demand for electrosurgical devices. Notably, the American Society for Metabolic and Bariatric Surgery (ASMBS) reported that the total number of bariatric procedures in 2022 was 279,967, representing a 6.5% increase from the 262,893 procedures performed in 2021. These trends underscore the importance of general surgery as a major application area for electrosurgical devices, contributing to its substantial share in the market.
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Key Opportunity Analysis:
Ageing Population and Increased Surgical Interventions
The global aging population is leading to a rise in age-related health conditions, such as cardiovascular diseases, cancer, and orthopedic issues, which often require surgical intervention. As the elderly population grows, so does the demand for surgical procedures, thereby increasing the need for electrosurgical devices. This demographic trend presents a significant opportunity for manufacturers to cater to the specific needs of geriatric patients, such as devices that minimize recovery time and reduce surgical risks.
Increasing Demand for Minimally Invasive Procedures
The shift towards minimally invasive surgeries (MIS) is a major opportunity for electrosurgical device manufacturers. Minimally invasive procedures, which use techniques like laparoscopy, require specialized electrosurgical tools that offer precision and control in small, confined areas. As patients and healthcare providers increasingly prefer MIS due to reduced recovery times, lower risk of complications, and shorter hospital stays, the demand for advanced electrosurgical devices designed for these procedures is expected to grow substantially.
Outpatient and Ambulatory Surgery Center Growth
The rise of outpatient and ambulatory surgery centers (ASCs) offers a significant opportunity for electrosurgical device manufacturers. ASCs provide surgical services outside of the traditional hospital setting, often offering lower costs and greater convenience for patients. Electrosurgical devices that are portable, user-friendly, and tailored for outpatient settings can cater to the increasing number of procedures performed in these centers, driving demand and market growth.
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The report also covers the following areas:
Electrosurgical Devices Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in the Electrosurgical Devices Market:
The Global Electrosurgical Devices Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
Related Reports:
Electrosurgical Generators Market: There is continuous innovation in electrosurgical generators, leading to more precise, efficient, and safer devices. This includes the development of generators with advanced energy modalities like bipolar, ultrasonic, and laser technologies, which offer improved control and reduced thermal damage to surrounding tissues.
Surgical Instruments Market size is forecast to reach $35.8 billion by 2030, growing at a CAGR of 8.4% during the forecast period 2024-2030.
Surgical Sealants & Adhesives Market: Surgical sealants and adhesives are increasingly being used in complex and delicate surgeries, such as cardiovascular, neurological, and orthopedic procedures.
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