Vessel Sealing Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Vessel Sealing Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Vessel Sealing Devices Market

The vessel sealing devices market size was valued at USD 1.78 billion in 2022, and the market is now projected to grow from USD 1.89 billion in 2023 to USD 2.88 billion by 2030, exhibiting a CAGR of 6.2% during the forecast period of 2023-2030.

The lack of accessibility of raw materials deferred manufacturing of these tools. The social distancing restriction and increased paying attention on affected patients by the hospital’s staff had lessened demand for the product. The disrupted supply chain and lockdown measures had declined manufacturing of these instruments during COVID-19 pandemic. The cancellation and delay of elective medical operations has reduced demand for these products and hindered the vessel sealing devices market growth.

The vessel sealing devices market share globally enlarged due to the increasing count of surgical treatments. The growing incidence of road accidents, trauma, and others is consequential rising inpatient admissions in hospitals and clinics. The rising geriatric population is escalating inpatient admissions. These factors are amplifying the number of surgical procedures and supporting market expansion.

The trend is shifting preference towards minimally invasive operation is impelling the market growth. The growing focus on such surgical processes among the patient population, owing to distinct advantages, including less pain, reduced length of hospital stay, and others, is augmenting the market growth. Together with this, lower risk of complications, faster recovery, and improved precision are some of the additional factors attracting end-users to adopt equipment.

Comprehensive Analysis of Vessel Sealing Devices Market

The vessel sealing devices market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the healthcare industry. These segmentations are methodically segregated by types of product, component, surgery type, application, and end-user. The products consist of electro-thermal vessel sealer devices (Bipolar and monopolar) and ultra coagulation shears, and hybrid. The surgery types are general surgery and laparoscopic surgery. The components consist of generators, instruments, and accessories. The end-user involves hospitals & ASCs, specialty clinics, and others whereas; the applications comprise gastroenterology, urology, gynecology, cardiothoracic, and others.

The North American region is conducive to the global vessel sealing devices market, leading to a recall of USD 0.79 billion owing to the rising prevalence of various diseases and increasing diagnosis and surgical procedure rates.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), Olympus Corporation (Japan), B. Braun SE (Germany), Intuitive Surgical (U.S.), CONMED Corporation (U.S.), OmniGuide Holdings, Inc. (U.S.), BOWA-electronic GmbH & Co. KG (Germany), these market players provide a level-playing competitive landscape.

In October 2022, Medtronic received expansion of approval for its Hugo robotic assisted (RAS) surgery system for various surgical procedures. The aim of the device is to increase their brand presence.

Segmentation Table

Global Vessel Sealing Devices Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.2% from 2023-2030

Unit Value (USD Billion)

Segmentation By Product

Electro-Thermal Vessel Sealer Devices

Bipolar Devices

Monopolar Devices

Ultra Coagulation Shears

Hybrid

By Components

Generators

Instruments

Accessories

By Surgery Type

General Surgery

Laparoscopic Surgery

By Application

Urology

Gynecology

Cardiothoracic

Gastroenterology

Others

By End-user

Hospitals & ASCs

Specialty Clinics

Others

By Region

North America (By Product, Component, Surgery Type, Application, End-user, and Country)

U.S. (By Application)

Canada (By Application)

Europe (By Product, Component, Surgery Type, Application, End-user, and Country/sub-region)

Germany (By Application)

U.K. (By Application)

France (By Application)

Italy (By Application)

Spain (By Application)

Scandinavia (By Application)

Rest of Europe (By Application)

Asia Pacific (By Product, Component, Surgery Type, Application, End-user, and Country/Sub-Region)

China (By Application)

Japan (By Application)

India (By Application)

Australia (By Application)

Southeast Asia (By Application)

Rest of the Asia Pacific (By Application)

Latin America (By Product, Component, Surgery Type, Application, End-user, and Country/Sub-Region)

Brazil (By Application)

Mexico (By Application)

Rest of Latin America (By Application)

Middle East & Africa (By Product, Component, Surgery Type, Application, End-user, and Country/Sub-Region)

GCC (By Application)

South Africa (By Application)

Rest of the Middle East & Africa (By Application)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.