Electrosurgery Market Size, Share, Sales, Analysis, Forecast By Product (Electrosurgical Instruments, Electrosurgical Generators, Cords, Cables, and Adapters, Patient Return Electrodes, Electrosurgical Accessories, Monopolar Electrosurgical Instruments, Bipolar Electrosurgical Instruments, and Others), By Surgery Type (Oncological Surgery, Neurosurgery, Cosmetic Surgery, Cardiovascular Surgery, Orthopedic Surgery, Urological Surgery, Obstetrics/Gynecology Surgery, General Surgery, and Others), By End-user (Research Laboratories & Academic Institutes, Ambulatory Surgical Centers and Hospital, Clinics, & Ablation Centers), By Geography, Industry Competition & Player Profiles, 2023 - 2032
The market for electrosurgery was valued at US$ 6.1 billion in 2021 and is anticipated to grow at a CAGR of 5.2% from 2023 to 2032.
Electrosurgery works on the principle of electrical current created through the movement of electrons owing to voltage. An electrosurgical technology is used in electrosurgery, transforms the quality by converting frequency to a higher version of 3, 00, 000 to 5, 00,000 Hertz from 50 to 60 Hertz respectively. The growth in electrosurgery market is driven by technological advancements in electrosurgical instruments, the increasing demand for minimally invasive surgeries, and the growing number of medical, cosmetic, and age-related surgeries.
Additionally, technological advancements in electrosurgical instruments and the increasing number of cosmetic and plastic surgeries are stimulating the expansion of this segment. However, risks related to electrosurgical procedures are expected to restrict the expansion of the electrosurgery market. Also, there are some risks associated with these procedures such as alternate surgical fires or site burns, which might limit the market growth during the forecast period.
According to a report published by National Institute of Aging, more than 8.5% of world population ages above 65 years and are at a greater risk of developing chronic diseases, which successively, increases the demand for electrosurgery procedures. Moreover, increasing geriatric population, and therefore the increasing prevalence of chronic diseases associated with kidneys and heart, among others are few factors that are expected to fuel the expansion of the marketplace for electrosurgery.
Patients with cochlear implants, cardiac and gastric pacemaker implants, an Implantable Cardioverter Defibrillator (ICDs) are not advised to travel under electrosurgery, owing to it can lead to fatal adverse effects.
Among all the regions under the scope, North America is anticipated to hold largest market share while Asia Pacific is expected to be the fastest growing region over the forecast period.
Electrosurgery Market Value Share Analysis, by Geography (2022)
The report titled “Electrosurgery Market- Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global electrosurgery market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global electrosurgery market is segmented on the basis of product, surgery type, end-user, and geography. Based in product, the global market can be segmented into Electrosurgical Instruments, Electrosurgical Generators, Cords, Cables, and Adapters, Patient Return Electrodes, Electrosurgical Accessories, Monopolar Electrosurgical Instruments, Bipolar Electrosurgical Instruments, and Others. The Monopolar Electrosurgical Instruments is further sub segmented into Monopolar Forceps, Suction Coagulators, Electrosurgical Electrodes, and Electrosurgical Pencils. Similarly, the Bipolar Electrosurgical Instruments can be sub segmented into Bipolar Forceps and Advanced Vessel Sealing instruments. By surgery type, the global market can be segmented into Oncological Surgery, Neurosurgery, Cosmetic Surgery, Cardiovascular Surgery, Orthopedic Surgery, Urological Surgery, Obstetrics/Gynecology Surgery, General Surgery, and Others. The end-user segment can be distributed into Research Laboratories & Academic Institutes, Ambulatory Surgical Centers, and Hospital, Clinics, & Ablation Centers. Based on geography, the global electrosurgery market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on electrosurgery. Further, market share of prominent companies in the global electrosurgery market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Electrosurgery device companies. The global electrosurgery market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the electrosurgery business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global electrosurgery market.
Some of the prominent player involved in global electrosurgery market include BOWA-electronic GmbH & Co. KG, Prima Medical, XCELLANCE Medical Technologies, ATMOS MedizinTechnik GmbH & Co. KG, Ethicon US, LLC., Johnson & Johnson Services, Inc., Parkell, Inc., Smith & Nephew, Kirwan Surgical Products, LLC., Utah Medical Products, Inc., KLS Martin Group., Medtronic, Medical Devices Business Services, Inc., Erbe Elektromedizin GmbH, Symmetry Surgical, CONMED Corporation., Hologic, Inc., Applied Medical Resources Corporation, B. Braun Melsungen AG, Olympus Corporation and others.
Segmentation:
By Product:
- Electrosurgical Instruments
- Electrosurgical Generators
- Cords, Cables, and Adapters
- Patient Return Electrodes
- Electrosurgical Accessories
- Monopolar Electrosurgical Instruments
- Monopolar Forceps
- Suction Coagulators
- Electrosurgical Electrodes
- Electrosurgical Pencils
- Bipolar Electrosurgical Instruments
- Bipolar Forceps
- Advanced Vessel Sealing instruments
- Others
By Surgery Type:
- Oncological Surgery
- Neurosurgery
- Cosmetic Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Urological Surgery
- Obstetrics/Gynecology Surgery
- General Surgery
- Others
By End-User:
- Research Laboratories & Academic Institutes
- Ambulatory Surgical Centers
- Hospital, Clinics, & Ablation Centers
By Geography :
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
Frequently asked questions about this report
What is the anticipated CAGR for the market?
The global market for electrosurgery will most likely expand at over 5.2% CAGR from 2023 to 2032.
What are the factors driving the electrosurgery market?
The growth in electrosurgery market is driven by technological advancements in electrosurgical instruments, the increasing demand for minimally invasive surgeries, and the growing number of medical, cosmetic, and age-related surgeries.
Which segment accounted for the largest electrosurgery market share?
North America is anticipated to hold largest market share while Asia Pacific is expected to be the fastest growing region over the forecast period.
What are the different surgery type of electrosurgery used?
Based on surgery type, the electrosurgery market is segmented into Oncological Surgery, Neurosurgery, Cosmetic Surgery, Cardiovascular Surgery, Orthopedic Surgery, Urological Surgery, Obstetrics/Gynecology Surgery, General Surgery, and Others.
What was the market for electrosurgery valued at in 2021?
The electrosurgery market was valued at US$ 6.1 billion in 2021.