Global Electrosurgery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electrosurgery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electrosurgery is the use of high-frequency alternating current to generate thermal effects through human tissues to achieve cutting and coagulation in surgery. High-frequency electrosurgery and electrocautery are the two most commonly used types of electrosurgery.

Electrocautery or thermocautery differs from the other types of electrosurgery since it does not involve passing the current through the patient. Hence, it can be safely used in patients with implanted electrical devices, such as cardiac pacemakers, implantable cardioverter-defibrillators, and deep-brain stimulators.

Market Overview:

The latest research study on the global Electrosurgery market finds that the global Electrosurgery market reached a value of USD 3120.89 million in 2022. It’s expected that the market will achieve USD 4268.97 million by 2028, exhibiting a CAGR of 5.36% during the forecast period.

For the uninfected population, the benefits of patient safety and support for a wider response in a pandemic hospital have reduced the number of elective surgeries. Elective surgery refers to the operation that will not affect the treatment effect sooner or later, and sufficient preparations should be made before the operation. In the UK, the National Health Service recommended that hospitals cancel most elective surgeries that last 12 weeks. Reducing elective surgery can protect patients from the spread of the virus in the hospital and related postoperative pulmonary complications. In this way, supplies that can protect personal protective equipment are prioritized for the care of COVID-19 patients, and wards and intensive care beds are released to deal with the influx of such patients. It can also reuse the recovery area in the theater suite as an overflow ICU. Surgeons and theater teams may be redeployed to support other key areas of the hospital.

The intensification of the COVID-19 epidemic has brought severe challenges to the normal operation of the global medical system. Most canceled surgeries are for non-cancer patients, and plastic surgery will be canceled most frequently. A large number of cancellations of surgeries during the epidemic means that the demand for medical equipment in medical institutions will also be greatly reduced in the short term. As the main technical form of surgery, minimally invasive surgery, medical institutions demand for electrosurgical equipment will also drop sharply.

A large number of elderly people and the increase in the prevalence of chronic diseases

In the modern lifestyle, people are under great pressure to work and live. Long-term sedentary and lack of exercise, combined with unhealthy diet, eating a lot of high-fat and high-calorie foods, result in obesity and other cardiovascular diseases, such as heart disease, stroke and ischemic heart disease (IHD). In addition, the growing elderly population is another important factor to promote the growth of the global electrosurgical market. Because of the weak immune system, this population is extremely vulnerable to chronic diseases. With faster rehabilitation, shorter hospitalization time and lower cost, and the increasing number of elderly people and the increasing prevalence of chronic diseases, the demand for minimally invasive surgery has surged, and the increasing preference of consumers for electrosurgery has also increased the market growth.

Asia is the country with the fastest growth of electrosurgical accessories

Asia is the most populous region in the world, which means that there is a huge demand for medical equipment. Although the health care service and quality in Asia have improved in decades of development, compared with developed regions, the per capita healthcare expenditure is still at a low level, and medical devices are at the low end of the global industrial chain. The huge demand gap of high-quality medical care means that there is much room for improvement of medical equipment in the future. The increase of disposable income of the people, the increase of government medical expenditure and the improvement of people's medical consciousness also ensure the steady growth of the demand for medical equipment including electrosurgery in this region.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (42.3% in 2021).

Company Overview:

Medtronic is one of the major players operating in the Electrosurgery market, holding a share of 29.27% in 2020.

Medtronic

Medtronic is a global healthcare solutions company operating in approximately 160 countries. Medtronic is committed to improving lives through medical technologies, services, and solutions. It mainly provides lifelong treatment programs for patients with chronic diseases. Business scope includes heart equipment, skull and spine robots, insulin pumps, surgical tools, patient monitoring systems, etc.

Johnson & Johnson

Johnson & Johnson is the most comprehensive manufacturer and service provider of healthcare products in the world, providing comprehensive products and services for the markets of consumer goods, pharmaceuticals, medical equipment and diagnostic products.

Segmentation Overview:

As for product types, the Electrosurgical Generators segment held the largest market share in 2021.

Electrosurgical Generators

An electrosurgical unit (ESU) consists of a generator and a handpiece with one or more electrodes. The device is controlled using a switch on the handpiece or a foot switch. Electrosurgical generators can produce a variety of electrical waveforms. As these waveforms change, so do the corresponding tissue effects.

Electrosurgical Instruments & Accessories Electrosurgical Instruments & Accessories are the additional products used in electrosurgical procedures, compatible with most electrosurgery units. Pencils, specialty electrodes, return electrodes, suction coagulators, forceps, cords, and adapters are the most commonly used Electrosurgical Instruments & Accessories.

Electrosurgery Vessel Sealers

Electrosurgery Vessel Sealers is an electrosurgical technique that can be used to seal blood vessels. Sealing of a vessel is affected by the application of controlled radiofrequency energy while the vessel is compressed, and the vessel is cut via movement of a knife under a consistent shear. The device is cleared for use in sealing vessels up to and including 7 mm in diameter.

Plasma Bipolar

Plasma Bipolar is a superior solution because it proactively treats the air in the occupied space at the source of contamination. It is an advanced equipment with international standards for treating prostatic hyperplasia, urethral stricture, bladder tumor and other diseases. It has good effects of cutting, vaporizing and hemostasis at low temperatures, little pain, no incision on the body surface, and minimizes injuries. The hospitalization time is extremely short, easy, fast, safe and reliable.

Argon and Smoke Management Systems

Argon and Smoke Management Systems make accuracy and controllability possible in electrosurgical applications. The clinical benefits demonstrated by argon-enhanced coagulation include quick and efficient coagulation, a thinner, more flexible eschar, less charring, and less tissue damage. It can also help reduce the smoke and improve the visibility of surgery.

Application Overview:

The market's largest segment by application is the segment General Surgeries, with a market share of 23.51% in 2021.

Key Companies in the global Electrosurgery market covered in Chapter 3:

Erbe Elektromedizin GmbH
Johnson & Johnson
Olympus Corporation
BOWA-electronic GmbH & Co. KG
B. Braun Melsungen AG
CONMED Corporation
Applied Medical
KLS MARTIN
Medtronic
Boston Scientific
Bovie Medical Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrosurgery market from 2018 to 2029 is primarily split into:

Electrosurgical Generators
Electrosurgical Instruments & Accessories
Electrosurgery Vessel Sealers
Plasma Bipolar
Argon and Smoke Management Systems

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrosurgery market from 2018 to 2029 covers:

General Surgeries
Gynecological Surgeries
Urological Surgeries
Orthopedic Surgeries
Cardiovascular Surgeries
Cosmetic Surgeries
Neurosurgeries
Other Surgeries

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)