Electrosurgery Market Forecasts to 2030 – Global Analysis By Product Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Electrosurgery Accessories and Other Product Types), Application (Ophthalmology, General Surgery, Dermatology,

Electrosurgery Market Forecasts to 2030 – Global Analysis By Product Type (Electrosurgery Generators, Electrosurgery Instruments & Accessories, Electrosurgery Accessories and Other Product Types), Application (Ophthalmology, General Surgery, Dermatology, Cardiac Surgery, Urology, Gynecological Surgery and Other Applications), End User and By Geography

According to Stratistics MRC, the Global Electrosurgery Market is accounted for $6.8 billion in 2023 and is expected to reach $13.5 billion by 2030 growing at a CAGR of 10.3% during the forecast period. Electrosurgery is a medical technique that employs electrical energy to cut, coagulate, or vaporize tissue during surgical procedures. It involves applying controlled, high-frequency electrical currents to the target tissue using specialized tools like electrodes or cautery equipment. Moreover, heat is created by this energy, and depending on its mode, it can either cut through tissue like a scalpel or coagulate and seal blood vessels. Electrosurgery provides accuracy and control, minimizing hemorrhage and speeding up surgical processes. Therefore, it is frequently used to produce hemostasis, remove growths, and shape tissues in a variety of medical specialties, including general surgery, dermatology, gynaecology, and urology.

According to the National Health Expenditure Projections (2015–2025), health expenditure in the US is expected to grow at an average rate of 5.8% from 2015 to 2025. The total number of staffed hospital beds in the country has also increased to 931,203.

Market Dynamics

Driver

Rising demand for minimally invasive surgery

The preference for minimally invasive and non-invasive surgical methods over conventional surgical procedures developed over time. Over open surgical methods, minimally invasive surgeries provide a number of advantages, including quicker recovery times, lower post-operative problems, and less pain. Moreover, these methods are less expensive than conventional surgical procedures. Additionally, laser and electrosurgical technologies are becoming more and more popular over traditional surgical methods. Hence, the simplicity and speed with which such surgeries can be performed are made possible by electrosurgery tools like generators and active electrodes, which boost demand for services.

Restraint

Risks associated with electrosurgical procedures

If electrical energy is applied to tissue for cutting or coagulation improperly, it might result in consequences, including burns to tissue nearby. Moreover, electric arcs may unintentionally damage objects, and the heat they generate can cause smoke to be produced that could contain infectious particles. In addition, the patient's underlying medical issues, such as pacemakers or metal implants, can suffer consequences. Furthermore, other risks include inadequate training or broken equipment. Thus, these elements are expected to restrict the market for electrosurgery's expansion.

Opportunity

Government initiatives

Government entities' primary focus on enhancing healthcare infrastructure, especially critical care infrastructure, in their individual healthcare systems is anticipated to boost the growth of associated markets, including the electrosurgery industry. Additionally, many sophisticated nations' governments are taking steps to improve their current healthcare systems by raising expenditures on infrastructure improvements and lowering the cost of healthcare. Therefore, significantly drive the market growth.

Threat

Toxic fumes released during surgeries

Surgical smoke has been demonstrated to contain hazardous gases, vapours, particles, viable and non-viable cellular material, viruses, and germs, in addition to being an annoyance due to its offensive odour and ability to obscure the surgeon's view of the surgical site. Additionally, each year, surgical smoke is inhaled by about 500,000 healthcare professionals, including doctors, nurses, and surgical technologists. Furthermore, asthma and symptoms resembling asthma are among the immediate health effects of exposure to surgical smoke, along with eye, nose, and throat irritation, headaches, coughing, and nasal congestion, therefore which eventually hinder market growth.

Covid-19 Impact

The COVID-19 pandemic has had a negative impact on the Electrosurgery Market due to disruptions in healthcare systems worldwide. Elective surgeries were postponed or cancelled to prioritize COVID-19 patients and reduce the risk of transmission. Moreover, hospitals faced financial constraints, leading to reduced budgets for capital equipment, including electrosurgical devices. Supply chain disruptions and factory closures also affected the production and availability of these devices. Additionally, patients' reluctance to seek non-urgent medical care further decreased the demand for electrosurgical procedures. Furthermore, while the long-term demand for electrosurgery remains strong, the short-term market faced challenges in terms of reduced procedure volumes and economic constraints during the pandemic which thus hampered the market.

The electrosurgery generators segment is expected to be the largest during the forecast period

The electrosurgery generators segment is estimated to hold the largest share, due to specialized handpieces and electrodes, these generators produce high-frequency electrical currents. Additionally, they have features including power settings, waveform options, and safety systems, and they are crucial in regulating the depth and accuracy of tissue engagement. These generators are used by surgeons for a variety of treatments, from straightforward operations to complicated ones. Furthermore, Advancements in technology have led to more efficient and safer electrosurgical generators, enhancing the overall effectiveness of electrosurgery in the medical field which gradually propel the market’s expansion.

The dermatology segment is expected to have the highest CAGR during the forecast period

The dermatology segment is anticipated to have highest CAGR during the forecast period. Dermatologists frequently employ electrosurgery to remove various skin lesions, including moles, warts, and skin malignancies. Moreover, the precise cutting and coagulation made possible by high-frequency electrical currents generated by specialist equipment, such as radiosurgery units, reduces scarring and speeds up recovery. Furthermore, for visual operations like skin resurfacing and scar modification, dermatologists also employ electrosurgery, and while addressing a wide range of dermatological problems, this section highlights the value of electrosurgical equipment by providing patients with efficient treatments with fewer postoperative complications and better aesthetic results. Hence, these aspects help in boosting the market size.

Region with largest share

North America commanded the largest market share during the extrapolated period owing to the rising prevalence of chronic diseases, rising demand for minimally invasive procedures, technological advancements in electrosurgical instruments, rising number of hospitals, clinics, and ambulatory surgical centers, and shifting preference toward outpatient surgeries which significantly driven the market expansion.

Region with highest CAGR

Europe is expected to witness profitable growth over the projection period, owing to the robust healthcare system in Europe makes it an important market for electrosurgical tools and techniques. Additionally, the industry has benefited from the region's aging population and rising prevalence of chronic diseases, driving the need for surgical procedures. Furthermore, Europe prioritizes patient safety and high-quality healthcare, which promotes the use of cutting-edge electrosurgical technology. However, these devices are safe and effective because of the strict regulatory criteria. Additionally, the market gains from ongoing research and innovation, which propels Europe to a significant position in the market.

Key players in the market

Some of the key players in the Electrosurgery Market include AngioDynamics Inc., B. Braun Melsungen AG, Johnson & Johnson Private Limited, Stryker Corporation, Heal Force Bio-meditech Holdings Limited, Smith & Nephew, Bovie Medical Corporation, Boston Scientific Corporation, Medtronic Plc. and Erbe Elektromedizin GmbH.

Key Developments

In September 2023, Boston Scientific Corporation announced it has received U.S. Food and Drug Administration approval for the latest-generation WATCHMAN FLX™ Pro Left Atrial Appendage Closure (LAAC) Device.

In September 2023, Boston Scientific Corporation announced it has entered into a definitive agreement to acquire Relievant Medsystems, Inc., a privately held medical technology company that has developed and commercialized the Intracept® Intraosseous Nerve Ablation System to treat vertebrogenic pain, a form of chronic low back pain.

In May 2023, Janssen Biotech, Inc., one of the Janssen Pharmaceutical Companies of Johnson & Johnson, announced that it has entered into a worldwide collaboration and license agreement with Cellular Biomedicine Group Inc. (CBMG) to develop, manufacture and commercialize next-generation chimeric antigen receptor (CAR) T-cell therapies for the treatment of B-cell malignancies.

Product Types Covered
• Electrosurgery Generators
• Electrosurgery Instruments
• Electrosurgery Accessories
• Other Product Types

Applications Covered
• Ophthalmology
• General Surgery
• Dermatology
• Cardiac Surgery
• Urology
• Gynaecological Surgery
• Other Applications

End Users Covered
• Ambulatory Surgical Centers
• Hospitals
• Specialized Clinics
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements