Market Overview:
The global electrosurgical products market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally-invasive surgeries and laparoscopic surgeries, rising geriatric population, and technological advancements in electrosurgical products. Based on type, the global electrosurgical products market is segmented into generators, handpieces, accessories, and consumables. The generators segment is expected to account for the largest share of the global electrosurgical products market in 2018. This segment is also projected to grow at a CAGR of 5.9% during the forecast period from 2018 to 2030.
Product Definition:
An electrosurgical product is a device that uses electrical energy to cut, coagulate, or fulgurate tissue. Electrosurgical products are used in a variety of medical procedures to control bleeding and remove tissue.
Electrosurgical Generators:
Electrosurgical generators are devices that produce electrical energy for use in surgical procedures. They are majorly used in endoscopic surgeries and laparoscopy. The amount of electricity generated by these generators varies depending on the type of surgery being performed, ranging from 100 to 1000 volts.
Handpieces:
Handpieces are medical devices used for performing surgeries. It is a category of surgical instruments that consists of forceps, retractors, graspers, auxiliary instruments (tweezers), scalpels & knives and others. The handpiece is an important part of electrosurgical products as it allows surgeons to perform the surgery in a precise manner.
Application Insights:
The others segment includes endoscopic procedures, open surgeries, and other surgeries that require heat treatment such as thermocoagulation. Minimally-invasive and laparoscopic surgeries are the major application segments of the market. The increasing prevalence of chronic diseases including heart diseases, cancer, diabetes mellitus type 2 is expected to drive demand for laparoscopic procedures which in turn will fuel product demand over the forecast period.
Electrosurgical generators are used in minimally invasive as well as conventional electrosurgery applications. Conventional devices such as bipolar or monopolar handpieces with a single electrode attached to an insulated handle are used for cutting through skin layers without causing trauma to underlying structures such as muscles or tendons.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of cancer, rising geriatric population, and technological advancements. Moreover, growing awareness about laparoscopic surgery is also expected to drive demand for electrosurgical devices in this region. Europe accounted for a significant share of revenue due to high adoption of advanced technologies and products as well as favorable reimbursement policies regarding ESDs. Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving healthcare infrastructure along with rising medical tourism in this region.
The key manufacturers are Boston Scientific Corporation; Stryker Corporation; Medtronic plc.; Intuitive Surgical Inc.; Terumo BCT Corp.; Abbott Laboratories; Braun Melsungen AG & Co., KGaA; Fujifilm Medical Systems Ltd.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global electrosurgical products market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because these procedures are less invasive and cause less pain and trauma as compared to traditional surgical procedures.
- Technological advancements: The electrosurgical products market is expected to benefit from the ongoing technological advancements in this field. This is because new technologies offer better performance, safety, and efficiency than older technologies.
- Rising prevalence of chronic diseases: The global electrosurgical products market is expected to benefit from the rising prevalence of chronic diseases such as cancer, heart disease, and diabetes mellitus. This is because these diseases require surgery for their treatment, which in turn will boost demand for electrosurgical products globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrosurgical Products Market Research Report
By Type
Electrosurgical Generators, Handpieces, Accessories, Consumables
By Application
Laparoscopic Surgery, Minimally-Invasive Surgery, Others
By Companies
Medtronic, Bovie Medical, CONMED, CooperSurgical, Corinth MedTech, elliquence, Erbe, Johnson & Johnson, joimax, Starmed, Medtronic, THERMI, Utah Medical Products, MEGADYNE (Ethicon), Microline Surgical, Olympus, Plasma Surgical, Richard Wolf, Smith & Nephew
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Electrosurgical Products Market Report Segments:
The global Electrosurgical Products market is segmented on the basis of:
Types
Electrosurgical Generators, Handpieces, Accessories, Consumables
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
Laparoscopic Surgery, Minimally-Invasive Surgery, 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
- Bovie Medical
- CONMED
- CooperSurgical
- Corinth MedTech
- elliquence
- Erbe
- Johnson & Johnson
- joimax
- Starmed
- Medtronic
- THERMI
- Utah Medical Products
- MEGADYNE (Ethicon)
- Microline Surgical
- Olympus
- Plasma Surgical
- Richard Wolf
- Smith & Nephew
Highlights of The Electrosurgical Products 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:
- Electrosurgical Generators
- Handpieces
- Accessories
- Consumables
- By Application:
- Laparoscopic Surgery
- Minimally-Invasive Surgery
- 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 Electrosurgical Products 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
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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?
Electrosurgical products are medical devices that use an electric current to cut, cauterize, or seal tissue.
Some of the major players in the electrosurgical products market are Medtronic, Bovie Medical, CONMED, CooperSurgical, Corinth MedTech, elliquence, Erbe, Johnson & Johnson, joimax, Starmed, Medtronic, THERMI, Utah Medical Products, MEGADYNE (Ethicon), Microline Surgical, Olympus, Plasma Surgical, Richard Wolf, Smith & Nephew.
The electrosurgical products market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrosurgical Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrosurgical Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrosurgical Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrosurgical Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrosurgical Products Market Size & Forecast, 2020-2028
4.5.1 Electrosurgical Products Market Size and Y-o-Y Growth
4.5.2 Electrosurgical Products Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electrosurgical Generators
5.2.2 Handpieces
5.2.3 Accessories
5.2.4 Consumables
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Laparoscopic Surgery
6.2.2 Minimally-Invasive Surgery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrosurgical Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrosurgical Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electrosurgical Generators
9.6.2 Handpieces
9.6.3 Accessories
9.6.4 Consumables
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Laparoscopic Surgery
9.10.2 Minimally-Invasive Surgery
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electrosurgical Generators
10.6.2 Handpieces
10.6.3 Accessories
10.6.4 Consumables
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Laparoscopic Surgery
10.10.2 Minimally-Invasive Surgery
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electrosurgical Generators
11.6.2 Handpieces
11.6.3 Accessories
11.6.4 Consumables
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Laparoscopic Surgery
11.10.2 Minimally-Invasive Surgery
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electrosurgical Generators
12.6.2 Handpieces
12.6.3 Accessories
12.6.4 Consumables
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Laparoscopic Surgery
12.10.2 Minimally-Invasive Surgery
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electrosurgical Generators
13.6.2 Handpieces
13.6.3 Accessories
13.6.4 Consumables
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Laparoscopic Surgery
13.10.2 Minimally-Invasive Surgery
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrosurgical Products Market: Competitive Dashboard
14.2 Global Electrosurgical Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Bovie Medical
14.3.3 CONMED
14.3.4 CooperSurgical
14.3.5 Corinth MedTech
14.3.6 elliquence
14.3.7 Erbe
14.3.8 Johnson & Johnson
14.3.9 joimax
14.3.10 Starmed
14.3.11 Medtronic
14.3.12 THERMI
14.3.13 Utah Medical Products
14.3.14 MEGADYNE (Ethicon)
14.3.15 Microline Surgical
14.3.16 Olympus
14.3.17 Plasma Surgical
14.3.18 Richard Wolf
14.3.19 Smith & Nephew
