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 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 |
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
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
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.