Market Overview:
The global surgical generators market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing number of surgeries being performed and the growing demand for minimally invasive surgeries. The global surgical generators market is segmented by type, application, and region. By type, the market is divided into ground referenced generators and isolated generators. By application, the market is classified into cardiovascular surgery, neurological surgery, dermatology surgery, oncology surgery, urological surgery and other applications.
Product Definition:
Surgical generators are devices used to create electrical currents for surgical procedures. They are important because they allow surgeons to control the amount of electricity that is delivered to tissues during surgery. This helps minimize damage to surrounding tissues and results in safer, more effective surgeries.
Ground Referenced Generators:
Ground-referenced generators, also known as geomagnetic generators or gravitometers, are devices that measure and record the earth's magnetic field. They are used in medical procedures to protect sensitive equipment from electromagnetic interference (EMI). The EMI is caused by electrical current fluctuations in the body that originate from external sources such as power lines and cell phones. These fluctuations can induce a voltage across hospital instruments resulting in their malfunctioning or even shortening their life span.
Isolated Generators:
An Isolated generators are used in surgical generators market. These devices produce high-quality electric current for the operation of medical equipment and they do not require any other electrical systems to function. They are majorly used in cardiac surgery, neurosurgery, and ophthalmic surgery.
Application Insights:
The other application segment includes general surgery, gynecology & obstetrics, plastic and reconstructive surgeries. The demand for surgical generators in the other applications is anticipated to grow at a significant rate owing to the increasing number of hospitals and healthcare centers across the globe. According to WHO, an increase of 10% in healthcare spending increases by around USD 12 billion annually on a global scale which encourages more investments by governments in developing countries resulting in increased demand for surgical generators globally.
The cardiovascular surgery segment accounted for over 30% of revenue share as of 2017 due to high adoption rates across developed as well as developing countries such as India China Brazil etc. Furthermore rising prevalence levels along with increasing geriatric population groups are expected to contribute towards higher growth rates over the forecast period thereby making it one of the prominent segments driving this industry worldwide.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as increasing R&D investments by key companies, presence of well-established healthcare infrastructure and high adoption rate of technologically advanced devices. Moreover, growing demand for minimally invasive surgeries is expected to further boost the growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising medical tourism and improving healthcare facilities in emerging countries such as China, India and Thailand. In addition, supportive government initiatives are likely to contribute towards market development during the estimated time span. For instance, The Surgical Generator Markers Programme (SGGMP) was introduced by Ministry of Health Labor & Welfare Japan with an aim toward reducing dependence on imported surgical generators through domestic manufacturing activities for economies including Korea; Taiwan; Philippines; Indonesia etcetera).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical generators market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which is driving their adoption across the globe.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive the growth of the surgical generators market during the forecast period. Elderly patients are more prone to diseases such as cancer, heart disease, and stroke, which require surgery for treatment.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, and diabetes is rising globally due to changing lifestyles and this is expected to drive the growth of the surgical generators market during the forecast period. Chronic diseases account for a large number of hospital admissions every year and require surgery for treatment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Generators Market Research Report
By Type
Ground Referenced Generators, Isolated Generators
By Application
Cardiovascular Surgery, Neurological Surgery, Dermatology Surgery, Oncology, Urological Surgery, Other
By Companies
Bovie Medical Corporation, Boston Scientific Corporation, Erbe USA, Olympus Corporation, CONMED Corporation, B. Braun Melsungen, Medtronic, AngioDynamics, Telea Electronic Engineering, 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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Generators Market Report Segments:
The global Surgical Generators market is segmented on the basis of:
Types
Ground Referenced Generators, Isolated Generators
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
Cardiovascular Surgery, Neurological Surgery, Dermatology Surgery, Oncology, Urological Surgery, Other
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:
- Bovie Medical Corporation
- Boston Scientific Corporation
- Erbe USA
- Olympus Corporation
- CONMED Corporation
- B. Braun Melsungen
- Medtronic
- AngioDynamics
- Telea Electronic Engineering
- Smith & Nephew
Highlights of The Surgical Generators 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:
- Ground Referenced Generators
- Isolated Generators
- By Application:
- Cardiovascular Surgery
- Neurological Surgery
- Dermatology Surgery
- Oncology
- Urological Surgery
- Other
- 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 Surgical Generators 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:
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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?
Surgical generators are medical devices that provide power to surgical equipment during surgery. They convert mechanical energy into electrical energy, which can then be used to operate the surgical tools and machines.
Some of the major companies in the surgical generators market are Bovie Medical Corporation, Boston Scientific Corporation, Erbe USA, Olympus Corporation, CONMED Corporation, B. Braun Melsungen, Medtronic, AngioDynamics, Telea Electronic Engineering, Smith & Nephew.
The surgical generators 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 Surgical Generators 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 Surgical Generators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surgical Generators 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 Surgical Generators 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 Surgical Generators Market Size & Forecast, 2018-2028
4.5.1 Surgical Generators Market Size and Y-o-Y Growth
4.5.2 Surgical Generators Market Absolute $ Opportunity
Chapter 5 Global Surgical Generators 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 Surgical Generators Market Size Forecast by Type
5.2.1 Ground Referenced Generators
5.2.2 Isolated Generators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Surgical Generators 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 Surgical Generators Market Size Forecast by Applications
6.2.1 Cardiovascular Surgery
6.2.2 Neurological Surgery
6.2.3 Dermatology Surgery
6.2.4 Oncology
6.2.5 Urological Surgery
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surgical Generators 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 Surgical Generators 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 Surgical Generators Analysis and Forecast
9.1 Introduction
9.2 North America Surgical Generators 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 Surgical Generators Market Size Forecast by Type
9.6.1 Ground Referenced Generators
9.6.2 Isolated Generators
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 Surgical Generators Market Size Forecast by Applications
9.10.1 Cardiovascular Surgery
9.10.2 Neurological Surgery
9.10.3 Dermatology Surgery
9.10.4 Oncology
9.10.5 Urological Surgery
9.10.6 Other
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 Surgical Generators Analysis and Forecast
10.1 Introduction
10.2 Europe Surgical Generators 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 Surgical Generators Market Size Forecast by Type
10.6.1 Ground Referenced Generators
10.6.2 Isolated Generators
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 Surgical Generators Market Size Forecast by Applications
10.10.1 Cardiovascular Surgery
10.10.2 Neurological Surgery
10.10.3 Dermatology Surgery
10.10.4 Oncology
10.10.5 Urological Surgery
10.10.6 Other
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 Surgical Generators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Surgical Generators 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 Surgical Generators Market Size Forecast by Type
11.6.1 Ground Referenced Generators
11.6.2 Isolated Generators
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 Surgical Generators Market Size Forecast by Applications
11.10.1 Cardiovascular Surgery
11.10.2 Neurological Surgery
11.10.3 Dermatology Surgery
11.10.4 Oncology
11.10.5 Urological Surgery
11.10.6 Other
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 Surgical Generators Analysis and Forecast
12.1 Introduction
12.2 Latin America Surgical Generators 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 Surgical Generators Market Size Forecast by Type
12.6.1 Ground Referenced Generators
12.6.2 Isolated Generators
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 Surgical Generators Market Size Forecast by Applications
12.10.1 Cardiovascular Surgery
12.10.2 Neurological Surgery
12.10.3 Dermatology Surgery
12.10.4 Oncology
12.10.5 Urological Surgery
12.10.6 Other
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) Surgical Generators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Surgical Generators 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) Surgical Generators Market Size Forecast by Type
13.6.1 Ground Referenced Generators
13.6.2 Isolated Generators
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) Surgical Generators Market Size Forecast by Applications
13.10.1 Cardiovascular Surgery
13.10.2 Neurological Surgery
13.10.3 Dermatology Surgery
13.10.4 Oncology
13.10.5 Urological Surgery
13.10.6 Other
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 Surgical Generators Market: Competitive Dashboard
14.2 Global Surgical Generators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bovie Medical Corporation
14.3.2 Boston Scientific Corporation
14.3.3 Erbe USA
14.3.4 Olympus Corporation
14.3.5 CONMED Corporation
14.3.6 B. Braun Melsungen
14.3.7 Medtronic
14.3.8 AngioDynamics
14.3.9 Telea Electronic Engineering
14.3.10 Smith & Nephew
