Market Overview:
The global high frequency electrosurgical equipment 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 and rising prevalence of chronic diseases. Based on type, the global high frequency electrosurgical equipment market is segmented into monopolar circuit and bipolar circuit. The monopolar circuit segment is expected to account for the majority share of the global high frequency electrosurgical equipment market in 2018.
Product Definition:
High frequency electrosurgical equipment is a device used to cut and coagulate tissue. It is important for use in surgery because it allows for precise cutting and coagulation of tissue.
Monopolar Circuit:
Monopolar circuit is a special type of electric circuit which has one pole (positive or negative) and all the other points of the circuit are connected to it. In other words, monopolar device has only one terminal or electrode for electrical connection. All the operations performed by monopolar equipment have positive side as well as negative side of charges. For instance, in cardiac surgery devices like pacemakers, defibrillators etc.
Bipolar Circuit:
Bipolar circuit is an electronic component used in high frequency electrosurgical equipment. It consists of two electrodes, normally a metal stake and a copper wire connected to the power supply by means of a switch. The circuit is completed by an electrolyte fluid that allows electrical charges to flow between the electrodes when activated (by means of heat or electricity).
Application Insights:
High frequency current is used for various applications including endoscopic surgery, neurosurgery, others and others. Endoscopic surgeries are the most common application of high-frequency current. The other applications include cardiovascular, thoracic and vascular surgeries as well as gynecology & obstetrics procedures.
The use of high-frequency current in gynecology & obstetrics has been gaining significant popularity over the past few years owing to its ability to penetrate through tissue better than conventional electric currents do.
Regional Analysis:
North America dominated the global high frequency electrosurgical equipment market in 2017. This is due to factors such as favorable reimbursement policies, increasing incidence of obesity and cardiac diseases, rising adoption of technologically advanced products, and presence of major players in this region. Moreover, increasing number of research projects by universities for developing novel devices will drive the growth further. For instance; In May 2018; University Of Michigan Medical Center (U-M) launched a research project to develop next generation power source for surgical tools using electricity instead AA batteries which can last up to 2 years with a single charge cycle.
Asia Pacific is expected witness lucrative growth over the forecast period owing to growing target population base coupled with improving healthcare infrastructure especially in China & India thereby driving demand from endoscopic surgeries.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The increasing demand for minimally invasive surgeries is one of the key growth drivers for the high frequency electrosurgical equipment market. This is because these surgeries are less invasive and cause less pain and trauma to the patient as compared to traditional open surgery procedures.
- Technological advancements: The technological advancements in electrosurgical equipment have led to the development of new and innovative products that offer better performance, safety, and efficiency. This is helping to drive the growth of this market.
- Rising number of surgical procedures: The rising number of surgical procedures being performed across the globe is another major factor driving the growth of this market. This is because high frequency electrosurgical equipment are extensively used in various types of surgery such as general surgery, gynecology, urology, cardiology, etc., which are witnessing a rise in demand due to growing population and aging population trends across different regions worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Frequency Electrosurgical Equipment Market Research Report
By Type
Monopolar Circuit, Bipolar Circuit
By Application
Endoscopic Surgery, Neurosurgery, Others
By Companies
Covidien(Medtronic), DePuy Synthes(Johnson & Johnson), Ethicon, Olympus, AtriCure, CONMED, Bovie Medical Corporation, Karl Storz, ALSA, Erbe Elektromedizin Gmbh, Covidien(Medtronic)
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global High Frequency Electrosurgical Equipment Market Report Segments:
The global High Frequency Electrosurgical Equipment market is segmented on the basis of:
Types
Monopolar Circuit, Bipolar Circuit
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
Endoscopic Surgery, Neurosurgery, 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:
- Covidien(Medtronic)
- DePuy Synthes(Johnson & Johnson)
- Ethicon
- Olympus
- AtriCure
- CONMED
- Bovie Medical Corporation
- Karl Storz
- ALSA
- Erbe Elektromedizin Gmbh
- Covidien(Medtronic)
Highlights of The High Frequency Electrosurgical Equipment 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 Circuit
- Bipolar Circuit
- By Application:
- Endoscopic Surgery
- Neurosurgery
- 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 High Frequency Electrosurgical Equipment 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?
High frequency electrosurgical equipment is a type of medical device that uses an electric current to cut or burn tissue. This equipment can be used in a variety of medical procedures, including surgery, dermatology, and urology.
Some of the major players in the high frequency electrosurgical equipment market are Covidien(Medtronic), DePuy Synthes(Johnson & Johnson), Ethicon, Olympus, AtriCure, CONMED, Bovie Medical Corporation, Karl Storz, ALSA, Erbe Elektromedizin Gmbh, Covidien(Medtronic).
The high frequency electrosurgical equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Frequency Electrosurgical Equipment 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 High Frequency Electrosurgical Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Frequency Electrosurgical Equipment 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 High Frequency Electrosurgical Equipment 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 High Frequency Electrosurgical Equipment Market Size & Forecast, 2020-2028
4.5.1 High Frequency Electrosurgical Equipment Market Size and Y-o-Y Growth
4.5.2 High Frequency Electrosurgical Equipment 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 Monopolar Circuit
5.2.2 Bipolar Circuit
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 Endoscopic Surgery
6.2.2 Neurosurgery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Frequency Electrosurgical Equipment 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 High Frequency Electrosurgical Equipment 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 Monopolar Circuit
9.6.2 Bipolar Circuit
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 Endoscopic Surgery
9.10.2 Neurosurgery
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 Monopolar Circuit
10.6.2 Bipolar Circuit
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 Endoscopic Surgery
10.10.2 Neurosurgery
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 Monopolar Circuit
11.6.2 Bipolar Circuit
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 Endoscopic Surgery
11.10.2 Neurosurgery
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 Monopolar Circuit
12.6.2 Bipolar Circuit
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 Endoscopic Surgery
12.10.2 Neurosurgery
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 Monopolar Circuit
13.6.2 Bipolar Circuit
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 Endoscopic Surgery
13.10.2 Neurosurgery
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 High Frequency Electrosurgical Equipment Market: Competitive Dashboard
14.2 Global High Frequency Electrosurgical Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Covidien(Medtronic)
14.3.2 DePuy Synthes(Johnson & Johnson)
14.3.3 Ethicon
14.3.4 Olympus
14.3.5 AtriCure
14.3.6 CONMED
14.3.7 Bovie Medical Corporation
14.3.8 Karl Storz
14.3.9 ALSA
14.3.10 Erbe Elektromedizin Gmbh
14.3.11 Covidien(Medtronic)
