Market Overview:
The global electrosurgery devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising prevalence of cancer and other diseases, and technological advancements in electrosurgery devices. Based on type, the global electrosurgery devices market is segmented into monopolar instruments and bipolar instruments. Monopolar instruments are further sub-segmented into open surgery instruments and laparoscopic surgery instruments. Bipolar Instruments are further sub-segmented into traditional bipolar instruments and advanced bipolar technologies (ABT). Electrosurgical accessories include generators, electrodes, footswitches, smoke evacuators etc., which are used along with electrosurgical devices for performing various surgical procedures. Based on application, the global electrosurgery devices market is segmented into hospitals, clinics ambulatory surgical centers (ASCs), and others (including research institutes & academic medical centers). Hospitals account for the largest share of the global electrosurgery devices market due to increasing number of surgeries performed in this setting every year. Clinics represent a significant share of this market owing to their lower cost as compared to hospitals coupled with growing preference for outpatient procedures among patients worldwide .
Product Definition:
An electrosurgical device is a medical device that uses electric current to cut, coagulate, or fulgurate tissue. Electrosurgery devices are frequently used in the surgical treatment of cancer.
Monopolar Instruments:
Monopolar Instruments are surgical devices that work on one pole or channel of the electric field. It is different from bipolar instruments which works on both poles simultaneously. The monopolar instruments have advantages over bipolar instrument such as it's safer to use and can be used by beginners easily, also it has low risk of burns compared to the bipolar instrument, and lastly it's cost effective than the bipolar instrument.
Bipolar Instruments:
Bipolar instruments are used in electrosurgery devices to perform surgeries. It is an instrument that has two metal prongs or electrodes at the end of an insulated handle. The instrument comes with different attachments like a drill, saw, needle, and so on for performing surgeries.
Application Insights:
Based on application, the market is segmented into hospitals, clinics, ambulatory surgical centers and others. The clinics segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as increasing disposable income and population coupled with rising awareness regarding better healthcare facilities at a lower cost. Electrosurgical devices are relatively less expensive than conventional surgeries which makes them more affordable for most people across the globe especially in developing countries like India and China where medical tourism is gaining traction owing to low-cost treatments offered by prominent medical institutions there.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in demand for cosmetic surgeries and increasing prevalence of chronic diseases. According to the American Society of Plastic Surgeons (ASPS), electrosurgical procedures performed on adults increased by 8% from 2011 to 2014. Moreover, growing number of research studies conducted on innovations in devices used for Electrosurgery is also expected to drive the regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period due its developing healthcare infrastructure and rising patient awareness regarding various cosmetic surgeries available especially relatedto Electrosurgery Devices Market In India & China, many medical tourism destinations are emerging because of low cost treatments offered by surgeons there than compared with U.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Electrosurgery devices offer a number of advantages over traditional surgical techniques, including less pain, faster healing time, and reduced scarring. This has led to an increase in the use of electrosurgery devices for a variety of surgical procedures.
- Growing demand for image-guided surgery: Electrosurgical devices that are equipped with imaging capabilities can provide surgeons with real-time images of the surgical area, which can help them to more accurately target and remove tumors or other lesions. This is known as image-guided surgery and is becoming increasingly popular due to its many benefits over traditional surgery.
- Advances in technology: The electrosurgery market is constantly evolving as new technologies are developed that improve the performance and safety of these devices. For example, recent advances in bipolar technology have made it possible to perform even more complex surgeries using only bipolar instruments.
- Rising healthcare expenditure: Globally, healthcare spending is increasing at a rapid rate due to factors such as population growth and aging populations. This is resulting in increased funding for medical research and development, which includes electrosurgical device development projects aimed at improving patient outcomes and safety profiles.. 5) Growth in number of outpatient procedures: A growing trend across all medical specialties is the shift from hospital-based care to outpatient care settings such as clinics and ambulatory surgery centers (ASCs). This has led to an increase in the use
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrosurgery Devices Market Research Report
By Type
Monopolar Instruments, Bipolar Instruments, Electrosurgery Accessories
By Application
Hospitals, Clinics, Ambulatory Surgical Centers, Others
By Companies
Medtronic, Boston Scientific, Johnson & Johnson, B. Braun Melsungen, Olympus, Conmed, Smith & Nephew, Bovie Medical, BOWA-electronic GmbH, Erbe Elektromedizin GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Electrosurgery Devices Market Report Segments:
The global Electrosurgery Devices market is segmented on the basis of:
Types
Monopolar Instruments, Bipolar Instruments, Electrosurgery Accessories
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Boston Scientific
- Johnson & Johnson
- B. Braun Melsungen
- Olympus
- Conmed
- Smith & Nephew
- Bovie Medical
- BOWA-electronic GmbH
- Erbe Elektromedizin GmbH
Highlights of The Electrosurgery Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monopolar Instruments
- Bipolar Instruments
- Electrosurgery Accessories
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrosurgery Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrosurgery devices are medical devices that use an electric current to remove tissue. They can be used to treat a variety of conditions, including skin cancer, benign tumors, and vascular lesions.
Some of the major companies in the electrosurgery devices market are Medtronic, Boston Scientific, Johnson & Johnson, B. Braun Melsungen, Olympus, Conmed, Smith & Nephew, Bovie Medical, BOWA-electronic GmbH, Erbe Elektromedizin GmbH.
The electrosurgery devices market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrosurgery Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrosurgery Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrosurgery Devices Market - Supply Chain
4.5. Global Electrosurgery Devices Market Forecast
4.5.1. Electrosurgery Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrosurgery Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrosurgery Devices Market Absolute $ Opportunity
5. Global Electrosurgery Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrosurgery Devices Market Size and Volume Forecast by Type
5.3.1. Monopolar Instruments
5.3.2. Bipolar Instruments
5.3.3. Electrosurgery Accessories
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrosurgery Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrosurgery Devices Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Ambulatory Surgical Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrosurgery Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrosurgery Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrosurgery Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrosurgery Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrosurgery Devices Demand Share Forecast, 2019-2026
9. North America Electrosurgery Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrosurgery Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrosurgery Devices Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Ambulatory Surgical Centers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrosurgery Devices Market Size and Volume Forecast by Type
9.7.1. Monopolar Instruments
9.7.2. Bipolar Instruments
9.7.3. Electrosurgery Accessories
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrosurgery Devices Demand Share Forecast, 2019-2026
10. Latin America Electrosurgery Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrosurgery Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrosurgery Devices Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Ambulatory Surgical Centers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrosurgery Devices Market Size and Volume Forecast by Type
10.7.1. Monopolar Instruments
10.7.2. Bipolar Instruments
10.7.3. Electrosurgery Accessories
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrosurgery Devices Demand Share Forecast, 2019-2026
11. Europe Electrosurgery Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrosurgery Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrosurgery Devices Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Ambulatory Surgical Centers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrosurgery Devices Market Size and Volume Forecast by Type
11.7.1. Monopolar Instruments
11.7.2. Bipolar Instruments
11.7.3. Electrosurgery Accessories
11.8. Basis Poin Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrosurgery Devices Demand Share, 2019-2026
12. Asia Pacific Electrosurgery Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrosurgery Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrosurgery Devices Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Ambulatory Surgical Centers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrosurgery Devices Market Size and Volume Forecast by Type
12.7.1. Monopolar Instruments
12.7.2. Bipolar Instruments
12.7.3. Electrosurgery Accessories
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrosurgery Devices Demand Share, 2019-2026
13. Middle East & Africa Electrosurgery Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrosurgery Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrosurgery Devices Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Ambulatory Surgical Centers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrosurgery Devices Market Size and Volume Forecast by Type
13.7.1. Monopolar Instruments
13.7.2. Bipolar Instruments
13.7.3. Electrosurgery Accessories
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrosurgery Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrosurgery Devices Market: Market Share Analysis
14.2. Electrosurgery Devices Distributors and Customers
14.3. Electrosurgery Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boston Scientific
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Johnson & Johnson
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. B. Braun Melsungen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Olympus
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Conmed
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Smith & Nephew
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bovie Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BOWA-electronic GmbH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Erbe Elektromedizin GmbH
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
