Global Electrosurgical Devices Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Electrosurgical Devices Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

An electrosurgical device is a surgical device that uses high-frequency electrical current to cut tissue, destroy tissue through desiccation, and control bleeding. Electrosurgical devices consist 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 devices are used in operating rooms for surgical procedures such as endoscopic, cardiac, dental, and cosmetic surgery.

Market Overview:

The latest research study on the global Electrosurgical Devices market finds that the global Electrosurgical Devices market reached a value of USD 4127.33 million in 2023. It’s expected that the market will achieve USD 5142.79 million by 2029, exhibiting a CAGR of 3.73% during the forecast period.

Advantages of electrosurgery and electrosurgical devices

Electrosurgery works by cutting or coagulating tissue through high-frequency current generated by electrosurgical devices. Advantages of electrosurgery over traditional surgery include reduced bleeding, lower patient risk, faster recovery time, and minimal chance of infection; allows for more precise cutting and coagulation settings; provides a relatively rapid method of tissue removal or ablation; is easy to use, Electrosurgery can be easily performed in an office setting. In electrosurgery, medical devices that use alternating high-frequency currents apply heat to tissue to allow cutting and coagulation with minimal blood loss. By using electrosurgical devices and controlling voltages, surgeons can quickly and cleanly produce a variety of surgical effects on tissue based on the requirements of a given procedure. Due to its flexibility and unique advantages, electrosurgery has become common in all areas of medical practice and continues to be used for new purposes. Electrosurgical instruments used by surgeons during surgery include electrosurgical pens, forceps, scissors, electrodes, laparoscopic tools, coagulation and irrigation devices, tissue sealers and separators, etc. These instruments vary in material, design, and functionality to suit their use in different surgical and medical fields. Electrosurgical devices are used in many surgical procedures in the operating room, such as endoscopic surgery, cardiac surgery, dental surgery, and cosmetic surgery. In the increasingly popular endoscopic minimally invasive surgery, bipolar electrosurgical cutting is widely used. In heart and liver surgery, electrocautery is mainly used. In dental or oral surgery, electrosurgery is used to stop bleeding and remove any exophytic soft tissue tumor formation. In cosmetic or dermatological procedures, electrosurgery is used for skin removal, electro hair removal, or the treatment of rosacea through electrocoagulation. As the advantages of electrosurgery and electrosurgical devices become more recognized, the demand for electrosurgical devices continues to increase.

Increased prevalence of chronic diseases and number of surgical procedures

Despite progress in overall health, WHO said rising deaths from non-communicable diseases mean that by around 2050 cardiovascular disease, cancer, diabetes and respiratory diseases will increase if trends continue Other chronic diseases will account for 86% of the 90 million people. As the population ages, the number of adults with chronic diseases is expected to increase. The elderly population is more susceptible to various chronic diseases, such as cardiovascular, musculoskeletal and neurological diseases. The prevalence and cost of chronic diseases are growing and will continue to grow in the United States. This is not only a result of the aging baby boom generation but also the increasing prevalence of disease in children and young adults. Higher medical costs and a lower ability to participate in the workforce or earn a living wage due to chronic disease can worsen the quality of life for a person and their family members, resulting in significant indirect costs. These effects persist and tend to worsen over time. The costs associated with chronic diseases also place a significant financial burden on public resources and impede economic growth.

The number of surgical procedures is growing rapidly worldwide as surgery is necessary to manage many health conditions, such as obstructed labor, injuries, cardiovascular disease, infections, and malignancies. The growth in the number of surgical procedures is mainly attributed to rising cancer prevalence, rise in chronic diseases, increased investment in medical facilities, advancements in surgical techniques, and growth in the geriatric population. The increase in the geriatric population across the world has been cited as a major factor triggering the growth of the surgical procedure volume market as chronic diseases are common among the elderly. Advances in surgery, anesthesia, and critical care technology have resulted in an increasing number of surgical procedures being performed in the elderly population. Changing lifestyles, dietary habits, lack of exercise and depression among women have led to an increase in gynecological diseases. Increasing awareness of different gynecological conditions and better diagnosis of gynecological conditions due to changing lifestyles and increasing disposable income are trends that encourage women to seek treatment and undergo surgical procedures. Overall, the increasing prevalence of chronic diseases and the number of surgical procedures are driving the growth of the electrosurgical devices market.

Region Overview:

In 2022, the share of the Electrosurgical Devices market in North America stood at 38.38%.

Company Overview:

The major players operating in the Electrosurgical Devices market include Medtronic, Johnson & Johnson, B. Braun Melsungen, Olympus Corporation, CONMED, etc. Among which, Medtronic ranked top in terms of sales and revenue in 2023.

Medtronic is a medical technology company that designs, develops, manufactures and markets medical devices and solutions. It offers products for the treatment of heart valve disorders, heart failure, diseases of the coronary artery, aortic, peripheral vascular, venous renal and neurological diseases, spine and musculoskeletal disorders and diseases of the ear, nose, and throat. It also provides biologic solutions for the orthopedic and dental markets.

Segmentation Overview:

By type, Monopolar segment accounted for the largest share of market in 2022.

Application Overview:

By application, the General Surgery segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electrosurgical Devices market covered in Chapter 3:

ERBE Elektromedizin
KLS Martin
Olympus Corporation
Utah Medical Products
B. Braun Melsungen
Johnson & Johnson
CONMED
Medtronic
Bovie Medical

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrosurgical Devices market from 2019 to 2030 is primarily split into:

Bipolar
Monopolar

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrosurgical Devices market from 2019 to 2030 covers:

General Surgery
Gynecology Surgery
Urologic Surgery
Orthopedic Surgery
Cardiovascular Surgery
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) 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)