Surgical Energy Devices Market - 2024-2031

Surgical Energy Devices Market - 2024-2031

Global Surgical Energy Devices Market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.

Surgical energy devices refer to a category of medical instruments that are designed to deliver controlled energy to tissues during surgical procedures. These devices play a crucial role in various surgical specialties, such as general surgery, orthopedics, gynecology, urology, and more. The primary purpose of surgical energy devices is to cut, coagulate, or vaporize tissues with precision, minimizing blood loss and promoting a more efficient surgical process.

The integration of surgical energy devices with robotic surgical systems has been a notable trend. Robotics allows for enhanced precision and control, and the integration of energy devices contributes to more effective tissue management during robot-assisted procedures. The development of smaller, portable, and handheld surgical energy devices is a trend that aims to provide flexibility and convenience in various clinical settings, including ambulatory and outpatient procedures.

Market Dynamics: Drivers

Increasing the technological advancements

The rise of continuous technological advancements, including improvements in energy sources, device design, and safety features, contribute to the adoption of newer and more advanced surgical energy devices. Surgeons are inclined to use devices that offer better precision, control, and safety. That helps to accelerates the market growth. For instance, on September 28, 2022, Olympus Corporation released the THUNDERBEAT Open Fine Jaw Type X surgical energy devices for open surgery.

With a new thermal shield, the THUNDERBEAT Open Fine Jaw Type X surgical energy device is designed to support safer procedures. This device should not be used for tubal sterilization or tubal coagulation for sterilization procedures. Use with caution in patients with electronic implants, such as a cardiac pacemaker, or nerve simulators, to avoid possible hazard to patients due to interference.

Additionally, the dawn of robotics in Ear, Nose and Throat Surgery (ENT) within the last 15 years has revolutionized treatment for head and neck malignancy. Trans-oral robotic surgery (TORS) thus far has provided surgeons with access to the deep structures of the head and neck through the natural orifice of the mouth to facilitate tumor resection using the most widely disseminated da Vinci robotic system. These novel energy devices and robotic systems are predicted to further improve energy delivery to the head and neck. Thus above factors helps to boost the market growth.

Market Dynamics: Restraints

Availability of Alternative Technologies (traditional and non-energy-based alternatives)

The availability of alternative technologies can act as a restraining factor for the adoption of surgical energy devices. For instance, surgeons and healthcare professionals may be accustomed to using traditional surgical techniques or alternative technologies. Familiarity and comfort with existing methods can create resistance to adopting new surgical energy devices, especially if the perceived benefits do not clearly outweigh the learning curve associated with the new Usage.

Furthermore, some alternative technologies may be more cost-effective than advanced surgical energy devices, especially in settings where budget constraints are significant. Healthcare institutions may prioritize cost savings over the adoption of potentially more expensive technologies. Surgeons and healthcare providers may be risk-averse when it comes to adopting new technologies, especially if existing methods are perceived as safe and reliable. Thus above factors restrain the market growth.

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Segment Analysis

The global surgical energy devices market is segmented based on product type, usage, application, end user and region.

The hydrosurgery systems segment from the product type segment accounted for approximately 38.7% of Surgical Energy Devices type share

The rapid rise of technological advancements helps to accelerates the segment growth. For instance, integration with imaging technologies, such as ultrasound or endoscopy, allows surgeons to visualize the surgical site in real-time, enhancing precision and safety during procedures. Improved waterjet Usage minimizes heat generation during cutting, reducing the risk of thermal damage to surrounding tissues. Lower thermal impact can contribute to faster healing and reduced postoperative complications.

Additionally, integration with robotic surgical systems allows for increased precision and minimally invasive approaches in certain procedures. Robotic-assisted hydrosurgery systems can enhance the surgeon's capabilities and provide greater dexterity. Advances in Usage have improved the hemostatic properties of hydrosurgery, allowing for effective bleeding control during procedures. Thus above factors helps to boost the segment growth.

Geographical Analysis

North America accounted for approximately 39.71% of the market share in 2022

North America is expected to have a significant market share over the forecast period in the surgical energy devices market owing to the increasing burden of chronic diseases and the geriatric population, increasing demand for minimally invasive procedures, and technological advancements in electrosurgical instruments. For instance, according to PRB, estimated that, number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050 (a 47% increase), and the 65-and-older age group’s share of the total population is projected to rise from 17% to 23%.

Additionally, according to the June 2022 update by the Canadian Institute for Health Information (CIHI), about 2.4 million Canadians have heart disease. Similarly, as per the 2022 Spotlight on Heart Failure, more than 100,000 Canadians are likely to be diagnosed with heart failure each year. The high rate of heart failure will boost the demand for heart surgeries, and thereby, the demand for surgical energy devices will increase in the region, thereby contributing to market growth over the forecast period.

COVID-19 Impact Analysis

The 2020 pandemic of the novel coronavirus, COVID-19, has raised concerns about the risk of virus transmission to staff in the operating room. This relates not just to intubation and extubation of the airway during anaesthesia, but also to the release of potential infectious particles in laparoscopic smoke or plume. The risks of laparoscopic smoke, or plume, have been recognized for a long time, but the advent of COVID-19 has brought its importance into sharp relief.

The Society of American Gastroenterology and Endoscopic Surgeons updated their advice on 30 March 2020: ‘Although previous research has shown that laparoscopy can lead to aerosolization of blood-borne viruses, there is no evidence to indicate that this effect is seen with COVID-19, nor that it would be isolated to MIS [minimally invasive surgery] procedures. This decline in surgical procedures also led to a decreased demand for surgical energy devices, which significantly impacted the market growth during the pandemic

Market Segmentation

By Product Type
• Lasers
• Microwaves
• Cryotherapy Devices
• Ultrasonic Scalpel
• Hydrosurgery Systems
• Others

By Usage
• Disposable Devices
• Reusable Devices

By Application
• General surgery
• Orthopedic surgery
• Cardiovascular surgery
• Cosmetic surgery
• Ophthalmic surgery
• Others

By End User
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include Olympus Corporation, Medical Device Business Services, Inc., B. Braun SE., Medtronic PLC, Lotus Surgicals Pvt Ltd, Mavera Medical, HOLOGIC, INC, Smith+Nephew, Medline Industries, Inc, Erbe Elektromedizin GmbH among others.

Why Purchase the Report?
• To visualize the global surgical energy devices market segmentation based on product type, usage, application, end user, and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of surgical energy devices market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global Surgical Energy Devices Market report would provide approximately 64tables, 61figures and 186pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies