Market Overview:
The global portable electrosurgical generator 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 number of surgical procedures. In addition, the growing geriatric population is also contributing to the growth of this market. Based on type, the global portable electrosurgical generator market can be segmented into compact and handheld generators. Compact generators are smaller in size as compared to handheld generators and are mainly used in hospitals and clinics. Handheld generators are larger in size as compared to compact generators and are mainly used for surgeries that require greater precision or mobility such as neurosurgeries, laparoscopic surgeries, etc. Based on application, the global portable electrosurgical generator market can be segmented into hospitals, clinics, and others (including research institutes & laboratories). Hospitals account for a major share of this market owing to increasing demand for minimally invasive surgeries across regions worldwide.
Product Definition:
A portable electrosurgical generator is a device that uses electric current to cut, cauterize and coagulate tissue. It is used in surgery to control bleeding and minimize the risk of infection.
Compact:
Compact is a device that helps in reducing the weight of generators and also increases their portability. It consists of two main parts, power supply and battery pack. The power supply has an output of 5VDC 1A with a female USB port and male plug for charging the battery through wall adaptor or computer. The other end has two sockets to connect compact generator to electrodes during surgeries.
Handheld:
Handheld electrosurgical generator (ESHG) is a battery-powered device used for carrying out surgical operations. It generates electrical energy, which is then utilized to carry out the desired surgical task. The generated current is usually of low amperage and sufficient only for coagulation, cutting or drilling of tissues without affecting the surrounding body parts.
Application Insights:
Based on the application, the portable electrosurgical generator market is segmented into hospitals, clinics and other healthcare facilities. Hospitals dominated the overall application segment due to factors such as high usage rates and a large number of surgeries being performed. Portable generators are majorly used in hospitals for providing power during emergencies or when there is a failure in the main electrical grid.
The others application segment includes corporate offices, non-profit organizations (NPOs) and homecare settings. Generator sets for NPOs are smaller compared to those used at hospitals since these sets are designed for home healthcare instead of commercial use in an isolation ward setting like a hospital would use them under normal circumstances without any emergency situation existing or anticipated soon enough to require their immediate usage at that time.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of players and high adoption rate for technologically advanced devices. The region is expected to maintain its dominance over the forecast period due to increasing demand for PEGs from various end-use segments, such as hospitals, clinics, and others. In addition, growing awareness about portable electric surgical generators among patients is anticipated to propel regional growth during the forecast period.
Asia Pacific portable electrosurgical generator market is expected to grow at a lucrative rate over the forecast period owing to rising healthcare expenditure by governments along with an increase in patient pool suffering from chronic diseases such as cancer & diabetes that require surgeries resulting in an increase in demand for PEGs which will drive growth during the estimated time frame. Moreover, increasing government initiatives coupled with product launches are also contributing towards regional growth.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the benefits offered by these procedures such as shorter hospital stays, reduced pain and blood loss, and faster recovery times as compared to traditional open surgeries. Portable electrosurgical generators are widely used in minimally invasive surgeries as they offer precision and control over the surgical field while minimizing thermal damage to surrounding tissues.
- Growing popularity of laparoscopic surgery: Laparoscopic surgery is a type of minimally invasive surgery that uses small incisions (usually 1-3 cm) instead of one large incision used in traditional open surgery. This allows surgeons to operate using miniature instruments inserted through the incisions, resulting in less pain and scarring for patients post-surgery. Portable electrosurgical generators are an essential part of laparoscopic surgery kits due their ability to provide precise cutting and coagulation capabilities without causing any collateral damage to surrounding tissues or organs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Electrosurgical Generator Market Research Report
By Type
Compact, Handheld
By Application
Hospitals, Clinics, Others
By Companies
BC Group(BC Biomedical), FLUTE(Fluke Biomedical), Riken, Philips, Drager, Masimo, Datrend, Criticare, Spacelabs Healthcare
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Portable Electrosurgical Generator Market Report Segments:
The global Portable Electrosurgical Generator market is segmented on the basis of:
Types
Compact, Handheld
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, 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:
- BC Group(BC Biomedical)
- FLUTE(Fluke Biomedical)
- Riken
- Philips
- Drager
- Masimo
- Datrend
- Criticare
- Spacelabs Healthcare
Highlights of The Portable Electrosurgical Generator 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:
- Compact
- Handheld
- By Application:
- Hospitals
- Clinics
- 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 Portable Electrosurgical Generator 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?
A Portable Electrosurgical Generator (PEG) is a medical device that produces an electric current to cut or cauterize tissue.
Some of the major companies in the portable electrosurgical generator market are BC Group(BC Biomedical), FLUTE(Fluke Biomedical), Riken, Philips, Drager, Masimo, Datrend, Criticare, Spacelabs Healthcare.
The portable electrosurgical generator 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 Portable Electrosurgical Generator 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 Portable Electrosurgical Generator Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Portable Electrosurgical Generator 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 Portable Electrosurgical Generator 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 Portable Electrosurgical Generator Market Size & Forecast, 2020-2028 4.5.1 Portable Electrosurgical Generator Market Size and Y-o-Y Growth 4.5.2 Portable Electrosurgical Generator 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 Compact
5.2.2 Handheld
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 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Electrosurgical Generator 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 Portable Electrosurgical Generator 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 Compact
9.6.2 Handheld
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 Hospitals
9.10.2 Clinics
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 Compact
10.6.2 Handheld
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 Hospitals
10.10.2 Clinics
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 Compact
11.6.2 Handheld
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 Hospitals
11.10.2 Clinics
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 Compact
12.6.2 Handheld
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 Hospitals
12.10.2 Clinics
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 Compact
13.6.2 Handheld
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 Hospitals
13.10.2 Clinics
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 Portable Electrosurgical Generator Market: Competitive Dashboard
14.2 Global Portable Electrosurgical Generator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BC Group(BC Biomedical)
14.3.2 FLUTE(Fluke Biomedical)
14.3.3 Riken
14.3.4 Philips
14.3.5 Drager
14.3.6 Masimo
14.3.7 Datrend
14.3.8 Criticare
14.3.9 Spacelabs Healthcare