Global Electrosurgical Devices Market Report and Forecast 2023-2031
Global Electrosurgical Devices Market Outlook
The global electrosurgical devices market value in 2022 was USD 5.3 billion and is anticipated to grow at a CAGR of 5.7% during the forecast period of 2023-2031 driven by the, advancements in electrosurgical technologies across the globe. The global electrosurgical devices market share is anticipated to achieve a value of USD 8.7 billion by 2031.
Electrosurgical Devices Introduction
Electrosurgical devices are medical instruments that utilize electrical energy to cut, coagulate, desiccate, or fulgurate biological tissue during surgical procedures. These devices are widely used across various surgical specialties, including general surgery, gynecology, urology, orthopedic surgery, and neurosurgery, due to their ability to reduce blood loss, minimize tissue damage, and shorten procedure times. The electrosurgical devices market primarily comprises electrosurgical generators, electrodes, smoke evacuation systems, and electrosurgical accessories.
Electrosurgical Devices Market Scenario
The global electrosurgical devices market has experienced significant growth in recent years, driven by factors such as the increasing number of surgical procedures, advancements in electrosurgical technologies, and the growing demand for minimally invasive procedures.
North America: The largest market for electrosurgical devices, driven by factors such as the advanced healthcare infrastructure, a high number of surgical procedures, and the presence of major electrosurgical device manufacturers.
Europe: The second-largest market, with increasing demand for electrosurgical devices due to a growing aging population and a supportive regulatory framework.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure.
Electrosurgical Devices Market Segments
Market Breakup by Type
- Generators
- Electrosurgical Instruments
- Bipolar Instruments
- Monopolar Instruments
- Electrosurgery Accessories
- Cords
- Cables
- Adapters
- Others
- General Surgery
- Genecology Surgery
- Urology Surgery
- Orthopaedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Others
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Electrosurgical Devices Market
Some key trends of the market are as follows:
- Advancements in electrosurgical technologies: The development of new technologies, such as ultrasonic energy devices and advanced bipolar devices, has improved the safety, efficiency, and patient outcomes of electrosurgical procedures, contributing to market expansion.
- Growing demand for minimally invasive surgical procedures: The increasing preference for minimally invasive surgical procedures, which typically require specialized electrosurgical devices, has driven market growth and innovation.
- Rising adoption of robot-assisted surgery: The growing adoption of robot-assisted surgical systems, which often utilize electrosurgical instruments, has further fueled market growth.
Electrosurgical Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the xx market are as follows:
- Medtronic
- B. Braun Melsungen AG
- Johnson & Johnson Private Limited
- Smith+Nephew
- Symmetry Surgical Inc.
- ONMED Corporation
- Erbe Elektromedizin GmbH
- Olympus Corporation
- Boston Scientific Corporation
- Kirwan Surgical Products
- ATMOS MedizinTechnik GmbH & Co. KG
- Parkell, Inc.
- BOWA-electronic GmbH & Co. KG
- KLS Martin Group
- Applied Medical Resources Corporation
- Utah Medical Products, Inc.
- XCELLANCE Medical Technologies
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Global Electrosurgical Devices Market Overview
- 3.1 Global Electrosurgical Devices Market Historical Value (2016-2022)
- 3.2 Global Electrosurgical Devices Market Forecast Value (2023-2031)
- 4 Global Electrosurgical Devices Market Landscape
- 4.1 Global Electrosurgical Devices Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Global Electrosurgical Devices Product Landscape
- 4.2.1 Analysis by Type
- 4.2.2 Analysis by End User
- 4.2.3 Analysis by Applications
- 5 Global Electrosurgical Devices Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.3 Porter’s Five Forces Model
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Global Electrosurgical Devices Market Segmentation
- 6.1 Global Electrosurgical Devices Market, by Type
- 6.1.1 Market Overview
- 6.1.2 Generators
- 6.1.3 Electrosurgical Instruments
- 6.1.3.1 Bipolar Instruments
- 6.1.3.2 Monopolar Instruments
- 6.1.4 Electrosurgery Accessories
- 6.1.4.1 Cords
- 6.1.4.2 Cables
- 6.1.4.3 Adapters
- 6.1.4.4 Others
- 6.2 Global Electrosurgical Devices Market, by Applications
- 6.2.1 Market Overview
- 6.2.2 General Surgery
- 6.2.3 Genecology Surgery
- 6.2.4 Urology Surgery
- 6.2.5 Orthopaedic Surgery
- 6.2.6 Cardiovascular Surgery
- 6.2.7 Cosmetic Surgery
- 6.2.8 Neurosurgery
- 6.2.9 Others
- 6.3 Global Electrosurgical Devices Market, by End User
- 6.3.1 Market Overview
- 6.3.2 Hospitals
- 6.3.3 Specialty Clinics
- 6.3.4 Ambulatory Surgical Centers
- 6.3.5 Others
- 6.4 Global Electrosurgical Devices Market by Region
- 6.4.1 Market Overview
- 6.4.2 North America
- 6.4.3 Europe
- 6.4.4 Asia Pacific
- 6.4.5 Latin America
- 6.4.6 Middle East and Africa
- 7 North America Electrosurgical Devices Market
- 7.1 Market Share by Country
- 7.2 United States of America
- 7.3 Canada
- 8 Europe Electrosurgical Devices Market
- 8.1 Market Share by Country
- 8.2 United Kingdom
- 8.3 Germany
- 8.4 France
- 8.5 Italy
- 8.6 Others
- 9 Asia Pacific Electrosurgical Devices Market
- 9.1 Market Share by Country
- 9.2 China
- 9.3 Japan
- 9.4 India
- 9.5 ASEAN
- 9.6 Australia
- 9.7 Others
- 10 Latin America Electrosurgical Devices Market
- 10.1 Market Share by Country
- 10.2 Brazil
- 10.3 Argentina
- 10.4 Mexico
- 10.5 Others
- 11 Middle East and Africa Electrosurgical Devices Market
- 11.1 Market Share by Country
- 11.2 Saudi Arabia
- 11.3 United Arab Emirates
- 11.4 Nigeria
- 11.5 South Africa
- 11.6 Others
- 12 Patent Analysis
- 12.1 Analysis by Type of Patent
- 12.2 Analysis by Publication year
- 12.3 Analysis by Issuing Authority
- 12.4 Analysis by Patent Age
- 12.5 Analysis by CPC Analysis
- 12.6 Analysis by Patent Valuation
- 12.7 Analysis by Key Players
- 13 Grants Analysis
- 13.1 Analysis by year
- 13.2 Analysis by Amount Awarded
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Grant Application
- 13.5 Analysis by Funding Institute
- 13.6 Analysis by NIH Departments
- 13.7 Analysis by Recipient Organization
- 14 Funding Analysis
- 14.1 Analysis by Funding Instances
- 14.2 Analysis by Type of Funding
- 14.3 Analysis by Funding Amount
- 14.4 Analysis by Leading Players
- 14.5 Analysis by Leading Investors
- 14.6 Analysis by Geography
- 15 Partnership and Collaborations Analysis
- 15.1 Analysis by Partnership Instances
- 15.2 Analysis by Type of Partnership
- 15.3 Analysis by Leading Players
- 15.4 Analysis by Geography
- 16 Regulatory Framework
- 16.1 Regulatory Overview
- 16.1.1 US FDA
- 16.1.2 EU EMA
- 16.1.3 INDIA CDSCO
- 16.1.4 JAPAN PMDA
- 16.1.5 Others
- 17 Supplier Landscape
- 17.1 Medtronic
- 17.1.1 Financial Analysis
- 17.1.2 Product Portfolio
- 17.1.3 Demographic Reach and Achievements
- 17.1.4 Mergers and Acquisitions
- 17.1.5 Certifications
- 17.2 B. Braun Melsungen AG
- 17.2.1 Financial Analysis
- 17.2.2 Product Portfolio
- 17.2.3 Demographic Reach and Achievements
- 17.2.4 Mergers and Acquisitions
- 17.2.5 Certifications
- 17.3 Johnson & Johnson Private Limited
- 17.3.1 Financial Analysis
- 17.3.2 Product Portfolio
- 17.3.3 Demographic Reach and Achievements
- 17.3.4 Mergers and Acquisitions
- 17.3.5 Certifications
- 17.4 Smith+Nephew
- 17.4.1 Financial Analysis
- 17.4.2 Product Portfolio
- 17.4.3 Demographic Reach and Achievements
- 17.4.4 Mergers and Acquisitions
- 17.4.5 Certifications
- 17.5 Symmetry Surgical Inc.
- 17.5.1 Financial Analysis
- 17.5.2 Product Portfolio
- 17.5.3 Demographic Reach and Achievements
- 17.5.4 Mergers and Acquisitions
- 17.5.5 Certifications
- 17.6 ONMED Corporation
- 17.6.1 Financial Analysis
- 17.6.2 Product Portfolio
- 17.6.3 Demographic Reach and Achievements
- 17.6.4 Mergers and Acquisitions
- 17.6.5 Certifications
- 17.7 Erbe Elektromedizin GmbH
- 17.7.1 Financial Analysis
- 17.7.2 Product Portfolio
- 17.7.3 Demographic Reach and Achievements
- 17.7.4 Mergers and Acquisitions
- 17.7.5 Certifications
- 17.8 Olympus Corporation
- 17.8.1 Financial Analysis
- 17.8.2 Product Portfolio
- 17.8.3 Demographic Reach and Achievements
- 17.8.4 Mergers and Acquisitions
- 17.8.5 Certifications
- 17.9 Boston Scientific Corporation
- 17.9.1 Financial Analysis
- 17.9.2 Product Portfolio
- 17.9.3 Demographic Reach and Achievements
- 17.9.4 Mergers and Acquisitions
- 17.9.5 Certifications
- 17.10 Kirwan Surgical Products
- 17.10.1 Financial Analysis
- 17.10.2 Product Portfolio
- 17.10.3 Demographic Reach and Achievements
- 17.10.4 Mergers and Acquisitions
- 17.10.5 Certifications
- 17.11 ATMOS MedizinTechnik GmbH & Co. KG
- 17.11.1 Financial Analysis
- 17.11.2 Product Portfolio
- 17.11.3 Demographic Reach and Achievements
- 17.11.4 Mergers and Acquisitions
- 17.11.5 Certifications
- 17.12 Parkell, Inc.
- 17.12.1 Financial Analysis
- 17.12.2 Product Portfolio
- 17.12.3 Demographic Reach and Achievements
- 17.12.4 Mergers and Acquisitions
- 17.12.5 Certifications
- 17.13 BOWA-electronic GmbH & Co. KG
- 17.13.1 Financial Analysis
- 17.13.2 Product Portfolio
- 17.13.3 Demographic Reach and Achievements
- 17.13.4 Mergers and Acquisitions
- 17.13.5 Certifications
- 17.14 KLS Martin Group
- 17.14.1 Financial Analysis
- 17.14.2 Product Portfolio
- 17.14.3 Demographic Reach and Achievements
- 17.14.4 Mergers and Acquisitions
- 17.14.5 Certifications
- 17.15 Applied Medical Resources Corporation
- 17.15.1 Financial Analysis
- 17.15.2 Product Portfolio
- 17.15.3 Demographic Reach and Achievements
- 17.15.4 Mergers and Acquisitions
- 17.15.5 Certifications
- 17.16 Utah Medical Products, Inc.
- 17.16.1 Financial Analysis
- 17.16.2 Product Portfolio
- 17.16.3 Demographic Reach and Achievements
- 17.16.4 Mergers and Acquisitions
- 17.16.5 Certifications
- 17.17 XCELLANCE Medical Technologies
- 17.17.1 Financial Analysis
- 17.17.2 Product Portfolio
- 17.17.3 Demographic Reach and Achievements
- 17.17.4 Mergers and Acquisitions
- 17.17.5 Certifications
- 18 Global Electrosurgical Devices Market- Distribution Model (Additional Insight)
- 18.1 Overview
- 18.2 Potential Distributors
- 18.3 Key Parameters for Distribution Partner Assessment
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Pricing Models and Strategies (Additional Insight)
- 21.1 Overview
- 21.2 Cost Model
- 21.2.1 Manufacturing Cost Analysis
- 21.2.2 Procurement Cost Analysis
- 21.2.3 Clinical Trial Cost Factors
- 21.3 Pricing Strategies
- 21.3.1 Competitor Pricing Analysis
- 21.3.2 Key Assessment of Product Attributes
- 21.3.3 Pricing Benchmark
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