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Electrosurgery Market | Acumen Research and Consulting

Electrosurgery Market - Global Industry Size, Share, Analysis, Trends and Forecast 2022 - 2030

Published : Jul 2022

Report ID: ARC3058

Pages : 250

Format : Electrosurgery Market - Global Industry Size, Share, Analysis, Trends and Forecast 2022 - 2030

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The Global Electrosurgery Market Size Accounted for USD 6,589 Million in 2021 and is predicted to be worth USD 10,708 Million by 2030, with a CAGR of 5.7% during the Forthcoming Period from 2022 to 2030.

Electrosurgery Market Size Accounted for USD 6,589 Million in 2021 and is predicted to be worth USD 10,708 Million by 2030, with a CAGR of 5.7% during the Forthcoming Period from 2022 to 2030.

Electrosurgery is the surgical application of an electric current to the targeted tissues in order to cut, desiccate, coagulate, and fulgurate tissues. The rising incidence of chronic conditions, growing preference for minimally invasive surgeries, modernization, and technological improvements in electrosurgical instruments are propelling the development of the electrosurgery market. Furthermore, the growing number of hospitals, growing proportion of surgical interventions, and changing preference for ambulatory surgeries in emerging economies are expected to drive electrosurgery market value.

Electrosurgery is a prominent surgical technique that involves delivering a high-frequency electric charge through tissues to cut or cauterize them. Electrosurgery is a surgical procedure that is frequently used to reduce bleeding as well as efficiently split soft tissue. Heat is generated by the electrical resistance of such fatty tissue to that of an electromagnetic pulse. Electrosurgery outcomes differ depending on the power employed waveform, and surgical intervention. Electrosurgery is commonly employed in reproductive-related procedures and scientific innovations to improve efficacy and minimize potential consequences. However, certain investigations have revealed that obstetricians and gynecologists lack enough expertise and training in the basic principles and technical aspects of electrosurgery.

Global Electrosurgery Market DRO’s

Market Drivers

  • Increasing incidence of chronic diseases
  • Growing demands for minimally invasive surgical procedures
  • Modernization and rapid developments in electrosurgical instrument
  • A growing number of health facilities coupled with an increasing number of surgical procedures

Market Restraints

  • Issues related with electrosurgical procedures
  • Lack of surgeons
  • Stringent regulatory framework

Market Opportunities

  • Rising government funding to improve modern medical treatments
  • Expected rise in the number of cosmetic and bariatric procedures due to growing obesity rates

Report Coverage

Market Electrosurgery Market
Market Size 2021 USD 6,589 Million
Market Forecast 2030 USD 10,708 Million
CAGR During 2022 - 2030 5.7%
Analysis Period 2018 - 2030
Base Year 2021
Forecast Data 2022 - 2030
Segments Covered By Product, By Surgery, By End User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Medtronic plc, Boston Scientific, Ethicon, Inc. (a subsidiary of Johnson & Johnson), Kirwan Surgical Products LLC, Olympus Corporation, Utah Medical Products Inc., Erbe Elektromedizin GmbH, The Cooper Companies, Inc., BOWA-electronic GmbH & Co. KG, Zimmer Biomet Holdings, Inc., Smith and Nephew Plc, and Stryker Corporation.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope

10 hrs of free customization and expert consultation

Electrosurgery Market Dynamics

Electrosurgical technologies are used in cardiac, orthopedic, cosmetic and dermatological, gynecological, cosmetic procedures, Ophthalmic, veterinarian, urological, neurological, maxillofacial, general surgical procedures, and even dental care. In particular, the veterinary electrosurgery industry is forecasted to develop at an annual pace of 8 percent over the projected timeframe owing to increase demand for pet healthcare coverage, growth in the number of veterinarians, and growth in the animal population. Moreover, the development of the overall market is being fueled by efficient treatments including electrocoagulation, electrodesiccation, electro section, thermocautery, electrofulguration, and electrosurgery for dermatology operations (electrosurgery for the body), electrosurgical cutting, desiccation electrosurgery, and electrosurgery dental procedures.

The increasing proportion of electrosurgery techniques and applications are likely to drive the worldwide electrosurgery market growth during the projected period. According to the World Health Organization, colorectal cancer is one of the most frequent cancers in both men and women. Furthermore, according to the American Cancer Society, an anticipated 135,430 new instances of colon cancer would be identified in the United States in 2017, with 40% already in a mature phase. Furthermore, the rising frequency of chronic conditions and the expanding elderly population around the world is likely to drive the worldwide electrosurgery market growth. Besides that, individuals who have implantable cardioverter assistive devices, cardiac and stomach pacemaker transplants, and cochlear implants should avoid electrosurgery because it can have fatal consequences. This, in turn, is projected to stifle future growth.

Electrosurgery Market Segmentation

The global electrosurgery market segmentation is based on the product, surgery, end user, and geographical region.

Market by Product

  • Electrosurgical Instruments
    • Bipolar Electrosurgical Instruments
    • Monopolar Electrosurgical Instruments
  • Electrosurgical Generators
  • Electrosurgical Accessories
    • Patient Return Electrodes
    • Cords, Cables, and Adapters
    • Others
  • Smoke Evacuation Systems

Electrosurgery Market Size Accounted for USD 6,589 Million in 2021 and is predicted to be worth USD 10,708 Million by 2030, with a CAGR of 5.7% during the Forthcoming Period from 2022 to 2030.

Based on product, the electrosurgical instruments segment is predicted to get the largest market share in 2021. The increased utilization frequency of disposable as well as reusable electrosurgical equipment can be connected to this growth. Electrosurgical instruments are further classified as bipolar electrosurgical instruments & monopolar electrosurgical instruments. Due to the widespread usage of instruments such as bipolar scissors, bipolar leads, diathermy leads, and diathermy quivers, among many others, electrosurgical instruments are essential in diagnostic instruments. These instruments can be used in a variety of surgical fields, including ENT, urology, gynecology, and orthopedic treatments.

Market by Surgery

  • General Surgery
  • Orthopedic Surgery
  • Obstetric Surgery
  • Oncological Surgery
  • NeuroSurgery
  • Cardiovascular Surgery
  • Urological Surgery
  • Cosmetic Surgery
  • Other

According to an electrosurgery industry analysis, the general surgery segment will lead the global market in 2021. Factors such as an aging population, an expansion in the proportion of surgical facilities, and improving healthcare infrastructure in growing economies are driving the electrosurgical market for the general surgery segment.

Furthermore, the gynecological surgery segment is expected to develop at the fastest rate in the market during the predicting years, as per the electrosurgery market forecast. These are the result of changes in contemporary societies and the body's response to them. Poor eating habits, low physical activity, as well as high levels of stress all lead to a rise in gynecological surgical interventions.

Market by End User

  • Hospitals, Clinics, and Ablation Centers
  • Ambulatory Surgical Centers
  • Research Academic and Laboratories Institutes

Electrosurgery Market Size Accounted for USD 6,589 Million in 2021 and is predicted to be worth USD 10,708 Million by 2030, with a CAGR of 5.7% during the Forthcoming Period from 2022 to 2030.

In terms of end users, the hospitals, clinics, and ablation centers segment are expected to grow significantly in the coming years. The significant number of electrosurgery operations conducted in health facilities such as hospitals and clinics, as well as the increased use of minimally invasive techniques, can be related to the rise of this segment. Furthermore, shifting healthcare systems, increased government projects, and a growing patient preference for hospitals and clinics are driving segment expansion.

Electrosurgery Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Latin America

  • Mexico
  • Brazil
  • Rest of Latin America

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

The Middle East & Africa (MEA)

  • Gulf Cooperation Council (GCC)
  • South Africa
  • Rest of the Middle East & Africa

Rising Surgical Procedures in the North America, Fuel Regional Market Expansion   

North America is estimated to be a prominent region in the global electrosurgery market. This is due to the region's strong healthcare infrastructure, increased investment from important participants in the development of innovative devices, growing incidence of chronic conditions, the existence of a significant number of pharmacological corporations, and a spike in the proportion of scientific research. Moreover, the rising prevalence of cancer, rising demand for minimally invasive surgical procedures, developments and improvements in electrosurgical instruments, an uptick in the frequency of hospitals, clinics, and ambulatory surgical facilities, and a transition toward outpatient treatments are the main drivers expected to drive the growth of the North American electrosurgery market.

Electrosurgery Market Players

 

Some of the prominent global electrosurgery market companies are Medtronic plc, Boston Scientific, Ethicon, Inc. (a subsidiary of Johnson & Johnson), Kirwan Surgical Products LLC, Olympus Corporation, Utah Medical Products Inc., Erbe Elektromedizin GmbH, The Cooper Companies, Inc., BOWA-electronic GmbH & Co. KG, Zimmer Biomet Holdings, Inc., Smith and Nephew Plc, and Stryker Corporation.

Frequently Asked Questions

How much was the global electrosurgery market size in 2021?

The global electrosurgery market size in 2021 was accounted to be USD 6,589 Million.

What will be the projected CAGR for global electrosurgery market during forecast period of 2022 to 2030?

The projected CAGR of electrosurgery during the analysis period of 2022 to 2030 is 5.7%.

Which are the prominent competitors operating in the market?

The prominent players of the global electrosurgery market involve Medtronic plc, Boston Scientific, Ethicon, Inc. (a subsidiary of Johnson & Johnson), Kirwan Surgical Products LLC, Olympus Corporation, Utah Medical Products Inc., Erbe Elektromedizin GmbH, The Cooper Companies, Inc., BOWA-electronic GmbH & Co. KG, Zimmer Biomet Holdings, Inc., Smith and Nephew Plc, and Stryker Corporation.

Which region held the dominating position in the global electrosurgery market?

North America held the dominating share for electrosurgery during the analysis period of 2022 to 2030.

Which region exhibited the fastest growing CAGR for the forecast period of 2022 to 2030?

Asia-Pacific region exhibited fastest growing CAGR for electrosurgery during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global electrosurgery market?

Increasing incidence of chronic diseases, and growing demands for minimally invasive surgical procedures are the prominent factors that fuel the growth of global electrosurgery market.

By segment end user, which sub-segment held the maximum share?

Based on end user, hospitals, clinics, and ablation centers segment hold the maximum share for electrosurgery market in 2021.

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