Market Overview:
The global vessel sealing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and technological advancements in the medical field. By type, the less than 10mm segment is expected to account for the largest share of the global vessel sealing market in 2018. By application, endoscopic surgery is expected to account for the largest share of the global vessel sealing market in 2018.
Product Definition:
A vessel sealing is a technique that is used to create an airtight and watertight seal between two surfaces. It is often used in construction and manufacturing projects to create a seal between two pieces of material.
Less than 10mm:
The global less than 10mm market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for vessel sealing products in various end-use industries such as oil & gas, chemical, and power generation is anticipated to drive the growth of this industry during the forecast period.
10-20mm:
The 10-20mm is a standard size for vessel sealing. It is widely used in the food & beverage industry and also finds its use in various other industries including chemicals, petrochemical, pharmaceuticals, and others. The factors that propel the growth of this market include rising demand for packaged foods & beverages coupled with growing concerns regarding food safety across the globe.
Application Insights:
The others application segment held the largest share of more than 60.0% in 2017. The segment includes surgical procedures such as endoscopic, laparoscopic, arthroscopic and urologic surgeries. Endoscopic surgery is one of the most common procedures performed worldwide due to its benefits including minimal invasive procedure with lesser postoperative pain and complications compared to conventional surgeries. According to a study published by NCBI in 2018, around 1 million endoscopic procedures are performed annually globally which accounts for approximately 7% of all minimally invasive surgeries conducted worldwide.
Electrosurgery is anticipated to be the fastest-growing application over the forecast period owing to increasing demand for minimally invasive electrosurgical devices coupled with rising awareness about health & hygiene among consumers across various regions especially Asia Pacific.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% over the forecast period. The growth can be attributed to increasing R&D activities, rising healthcare expenditure and improving economic conditions in emerging countries such as India and China. In addition, growing medical tourism in these countries will boost market growth further.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global vessel sealing market is expected to grow at a CAGR of 7.5% 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 the growth of the market.
- Rising prevalence of cancer: The incidence of cancer is rising globally, which is leading to an increase in the number of surgical procedures performed each year. This is fueling the growth of the vessel sealing market as these procedures require use of vessel sealants and clips for hemostasis.
- Technological advancements: The development and commercialization of new technologies such as ultrasonic energy-based devices are aiding in faster and more effective hemostasis, thereby driving market growth. Additionally, growing investments by key players in research and development activities are resulting in innovative products that are being launched into the market, thus propelling its growth further..
Scope Of The Report
Report Attributes
Report Details
Report Title
Vessel Sealing Market Research Report
By Type
Less than 10mm, 10-20mm, More than 20mm
By Application
Endoscopic Surgery, Electrosurgery, Veterinary, Others
By Companies
Medtronic, Erbe Elektromedizin GmbH, B. Braun Melsungen AG, Dr. Fritz GmbH, EMED, JustRight Surgical, Olympus, LAMIDEY NOURY, OmniGuide, Grupo Bidco Palex, Medtronic, Sunmedix
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Vessel Sealing Market Report Segments:
The global Vessel Sealing market is segmented on the basis of:
Types
Less than 10mm, 10-20mm, More than 20mm
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, Electrosurgery, Veterinary, 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
- Erbe Elektromedizin GmbH
- B. Braun Melsungen AG
- Dr. Fritz GmbH
- EMED
- JustRight Surgical
- Olympus
- LAMIDEY NOURY
- OmniGuide
- Grupo Bidco Palex
- Medtronic
- Sunmedix
Highlights of The Vessel Sealing 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:
- Less than 10mm
- 10-20mm
- More than 20mm
- By Application:
- Endoscopic Surgery
- Electrosurgery
- Veterinary
- 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 Vessel Sealing 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
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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?
Vessel sealing is a process by which a liquid or gas is enclosed in an impermeable container. The sealed container can then be transported and used without the risk of contamination.
Some of the major players in the vessel sealing market are Medtronic, Erbe Elektromedizin GmbH, B. Braun Melsungen AG, Dr. Fritz GmbH, EMED, JustRight Surgical, Olympus, LAMIDEY NOURY, OmniGuide, Grupo Bidco Palex, Medtronic, Sunmedix.
The vessel sealing 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 Vessel Sealing 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 Vessel Sealing Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Vessel Sealing 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 Vessel Sealing 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 Vessel Sealing Market Size & Forecast, 2018-2028 4.5.1 Vessel Sealing Market Size and Y-o-Y Growth 4.5.2 Vessel Sealing Market Absolute $ Opportunity
Chapter 5 Global Vessel Sealing 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 Vessel Sealing Market Size Forecast by Type
5.2.1 Less than 10mm
5.2.2 10-20mm
5.2.3 More than 20mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vessel Sealing 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 Vessel Sealing Market Size Forecast by Applications
6.2.1 Endoscopic Surgery
6.2.2 Electrosurgery
6.2.3 Veterinary
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vessel Sealing 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 Vessel Sealing 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 Vessel Sealing Analysis and Forecast
9.1 Introduction
9.2 North America Vessel Sealing 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 Vessel Sealing Market Size Forecast by Type
9.6.1 Less than 10mm
9.6.2 10-20mm
9.6.3 More than 20mm
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 Vessel Sealing Market Size Forecast by Applications
9.10.1 Endoscopic Surgery
9.10.2 Electrosurgery
9.10.3 Veterinary
9.10.4 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 Vessel Sealing Analysis and Forecast
10.1 Introduction
10.2 Europe Vessel Sealing 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 Vessel Sealing Market Size Forecast by Type
10.6.1 Less than 10mm
10.6.2 10-20mm
10.6.3 More than 20mm
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 Vessel Sealing Market Size Forecast by Applications
10.10.1 Endoscopic Surgery
10.10.2 Electrosurgery
10.10.3 Veterinary
10.10.4 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 Vessel Sealing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vessel Sealing 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 Vessel Sealing Market Size Forecast by Type
11.6.1 Less than 10mm
11.6.2 10-20mm
11.6.3 More than 20mm
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 Vessel Sealing Market Size Forecast by Applications
11.10.1 Endoscopic Surgery
11.10.2 Electrosurgery
11.10.3 Veterinary
11.10.4 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 Vessel Sealing Analysis and Forecast
12.1 Introduction
12.2 Latin America Vessel Sealing 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 Vessel Sealing Market Size Forecast by Type
12.6.1 Less than 10mm
12.6.2 10-20mm
12.6.3 More than 20mm
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 Vessel Sealing Market Size Forecast by Applications
12.10.1 Endoscopic Surgery
12.10.2 Electrosurgery
12.10.3 Veterinary
12.10.4 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) Vessel Sealing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vessel Sealing 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) Vessel Sealing Market Size Forecast by Type
13.6.1 Less than 10mm
13.6.2 10-20mm
13.6.3 More than 20mm
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) Vessel Sealing Market Size Forecast by Applications
13.10.1 Endoscopic Surgery
13.10.2 Electrosurgery
13.10.3 Veterinary
13.10.4 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 Vessel Sealing Market: Competitive Dashboard
14.2 Global Vessel Sealing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Erbe Elektromedizin GmbH
14.3.3 B. Braun Melsungen AG
14.3.4 Dr. Fritz GmbH
14.3.5 EMED
14.3.6 JustRight Surgical
14.3.7 Olympus
14.3.8 LAMIDEY NOURY
14.3.9 OmniGuide
14.3.10 Grupo Bidco Palex
14.3.11 Medtronic
14.3.12 Sunmedix