Market Overview:
The global vessel sealing devices 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, technological advancements in vessel sealing devices, and rising number of surgical procedures. Based on type, the bipolar vessel sealing devices segment is expected to account for the largest share of the global vessel sealing devices market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. Bipolar vessels sealers are preferred over monopolar sealers as they cause less tissue damage and have lower incidence of post-operative complications such as bleeding and nerve damage. Based on application, hospitals are expected to account for the largest share of the global vessel sealing devices market in 2018.
Product Definition:
A vessel sealing device is a medical device that is used to create an airtight seal between two surfaces. This seal helps to prevent the passage of liquids or gases between the two surfaces. Vessel sealing devices are often used in surgery to create an airtight seal around a blood vessel. This seal helps to prevent the loss of blood and reduces the risk of infection.
Bipolar Vessel Sealing Devices:
Bipolar vessel sealing devices are used for the purpose of sealing a blood vessel in which an operation is being performed. The device comprises two blades, one of which is connected to a suction can and the other is connected to an electric current generator. As soon as the operator applies pressure on the bleeding point, current flows through the second blade into blood vessels and clamps them shut.
The bipolar vessel sealing device market size was valued at USD 1,849.
Ultrasonic Vessel Sealing Devices:
Ultrasonic vessel sealing devices are used for the purpose of ultrasonic welding and non-destructive testing of vessels. Ultrasonic welding is a type of mechanical energy transfer process in which high frequency sound waves are applied to the base material from one or more transducers to induce vibrations in the weld pool and thereby create a solid weld.
Application Insights:
Based on the application, the market is segmented into hospitals, clinics and ambulatory surgical centers. The hospitals segment dominated the market in 2017 owing to a high number of vessel sealing procedures being performed there. Vessel sealing devices are used in cardiovascular surgeries to reduce blood loss and accelerate wound healing by promoting faster clotting of blood vessels after surgery. This procedure also helps reduce post-operative pain as well as prevent future occurrences of heart attack or stroke by reducing re-occlusion (protective tissue formation) at the site after surgery.
The clinics & ambulatory surgical centers segment is expected to grow at a lucrative rate over the forecast period due to an increasing number of minimally invasive procedures being performed there along with rising awareness about such procedures among patients across regions, especially in developing countries like India.
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 factors such as increasing healthcare spending, rising geriatric population, and improving economic conditions in emerging countries like India and China. In addition, favorable government initiatives for building new hospitals are also anticipated to drive the market in this region over the forecast period.
North America was estimated as one of the largest regional markets in 2017 owing to high demand from end-users such as ambulatory surgical centers and hospitals across U.S., Canada, and Mexico for their fleet sealing devices applications across various procedures performed under general anesthesia or local anesthesia sedation techniques using conscious patient monitoring systems during surgery sessions at a time interval specified by physicians or nurses using an automated system called an Anesthesia Information System (AIS).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global vessel sealing devices market is expected to grow at a CAGR of 7.5% during the forecast period owing to the increasing demand for minimally invasive surgeries. This is because these surgeries are less traumatic and result in shorter hospital stays as compared to traditional open surgery procedures.
- Rising prevalence of cancer: The incidence of cancer is rising at an alarming rate across the globe, which in turn is fueling the demand for vessel sealing devices as they are used extensively in oncology procedures.
- Technological advancements: The development of novel technologies such as bipolar energy and ultrasonic technology has widened the scope of application for vessel sealing devices, thus propelling their growth prospects.
- Growing number of surgical procedures: With growing awareness about health and increasing access to healthcare facilities, there has been a rise in the number of surgical procedures being performed globally, thereby driving demand for vessel sealing devices market.. 5) Rising geriatric population: A large geriatric population is susceptible to various medical conditions that require surgical intervention, thereby fuelling growth prospects for the global vessel sealing devices market
Scope Of The Report
Report Attributes
Report Details
Report Title
Vessel Sealing Devices Market Research Report
By Type
Bipolar Vessel Sealing Devices, Ultrasonic Vessel Sealing Devices, Others
By Application
Hospitals, Clinics, Ambulatory Surgical Centers
By Companies
Medtronic, Olympus, B. Braun Melsungen, Johnson and Johnson, OmniGuide Holdings, JustRight Surgical, KLS Martin Group, Erbe Elektromedizin
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Vessel Sealing Devices Market Report Segments:
The global Vessel Sealing Devices market is segmented on the basis of:
Types
Bipolar Vessel Sealing Devices, Ultrasonic Vessel Sealing Devices, Others
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, Ambulatory Surgical Centers
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
- Olympus
- B. Braun Melsungen
- Johnson and Johnson
- OmniGuide Holdings
- JustRight Surgical
- KLS Martin Group
- Erbe Elektromedizin
Highlights of The Vessel Sealing Devices 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:
- Bipolar Vessel Sealing Devices
- Ultrasonic Vessel Sealing Devices
- Others
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- 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 Devices 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.
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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 devices are a type of safety device used on vessels to prevent the escape of hazardous materials. They are also known as containment systems, leak detection and prevention systems (LDPs), or overboard discharge prevention devices.
Some of the major companies in the vessel sealing devices market are Medtronic, Olympus, B. Braun Melsungen, Johnson and Johnson, OmniGuide Holdings, JustRight Surgical, KLS Martin Group, Erbe Elektromedizin.
The vessel sealing devices market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vessel Sealing Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vessel Sealing Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vessel Sealing Devices Market - Supply Chain
4.5. Global Vessel Sealing Devices Market Forecast
4.5.1. Vessel Sealing Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vessel Sealing Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vessel Sealing Devices Market Absolute $ Opportunity
5. Global Vessel Sealing Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vessel Sealing Devices Market Size and Volume Forecast by Type
5.3.1. Bipolar Vessel Sealing Devices
5.3.2. Ultrasonic Vessel Sealing Devices
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vessel Sealing Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vessel Sealing Devices Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Ambulatory Surgical Centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vessel Sealing Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vessel Sealing Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vessel Sealing Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vessel Sealing Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vessel Sealing Devices Demand Share Forecast, 2019-2026
9. North America Vessel Sealing Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vessel Sealing Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vessel Sealing Devices Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Ambulatory Surgical Centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vessel Sealing Devices Market Size and Volume Forecast by Type
9.7.1. Bipolar Vessel Sealing Devices
9.7.2. Ultrasonic Vessel Sealing Devices
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vessel Sealing Devices Demand Share Forecast, 2019-2026
10. Latin America Vessel Sealing Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vessel Sealing Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vessel Sealing Devices Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Ambulatory Surgical Centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vessel Sealing Devices Market Size and Volume Forecast by Type
10.7.1. Bipolar Vessel Sealing Devices
10.7.2. Ultrasonic Vessel Sealing Devices
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vessel Sealing Devices Demand Share Forecast, 2019-2026
11. Europe Vessel Sealing Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vessel Sealing Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vessel Sealing Devices Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Ambulatory Surgical Centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vessel Sealing Devices Market Size and Volume Forecast by Type
11.7.1. Bipolar Vessel Sealing Devices
11.7.2. Ultrasonic Vessel Sealing Devices
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vessel Sealing Devices Demand Share, 2019-2026
12. Asia Pacific Vessel Sealing Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vessel Sealing Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vessel Sealing Devices Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Ambulatory Surgical Centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vessel Sealing Devices Market Size and Volume Forecast by Type
12.7.1. Bipolar Vessel Sealing Devices
12.7.2. Ultrasonic Vessel Sealing Devices
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vessel Sealing Devices Demand Share, 2019-2026
13. Middle East & Africa Vessel Sealing Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vessel Sealing Devices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vessel Sealing Devices Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Ambulatory Surgical Centers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vessel Sealing Devices Market Size and Volume Forecast by Type
13.7.1. Bipolar Vessel Sealing Devices
13.7.2. Ultrasonic Vessel Sealing Devices
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vessel Sealing Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vessel Sealing Devices Market: Market Share Analysis
14.2. Vessel Sealing Devices Distributors and Customers
14.3. Vessel Sealing Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Olympus
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. B. Braun Melsungen
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Johnson and Johnson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OmniGuide Holdings
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. JustRight Surgical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KLS Martin Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Erbe Elektromedizin
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
