The Electrosurgical Generator Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electrosurgical Generator Global Market Report 2024, The electrosurgical generator market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to integration of electrosurgical generators with robotic surgical systems enhancing surgical outcomes, expansion into developing regions with increasing healthcare infrastructure, growth of outpatient facilities driving demand for compact and efficient electrosurgical equipment, demand for cost-effective solutions leading to innovation in electrosurgical generator design, and incorporation of artificial intelligence (AI) and machine learning in electrosurgery for enhanced precision and efficiency. Major trends in the forecast period include adoption of robotic surgery, development of generators with precise energy delivery systems for enhanced surgical outcomes and reduced tissue damage, shift towards minimally invasive surgeries, demand for customizable and portable electrosurgical generators, integration of artificial intelligence (AI) and machine learning algorithms for automated control and optimization of surgical procedures, exploration of telemedicine platforms and remote surgical capabilities driving innovation in electrosurgical generator functionalities.
The increase in minimally invasive surgeries is expected to propel the growth of the electrosurgical generator market going forward. Minimally invasive surgeries are procedures performed through small incisions using specialized instruments and techniques to minimize tissue damage and promote faster recovery. The rise in minimally invasive surgeries is due to several factors, such as advancements in medical technology, improved surgical techniques, faster patient recovery times, reduced risk of complications, and increased patient demand for less invasive options. Electrosurgical generators are used in minimally invasive surgeries to cut, coagulate, desiccate, or fulgurate tissue with precision, minimizing bleeding and enhancing surgical efficiency. For instance, in March 2024, according to a report published by the American Society of Plastic Surgeons, a US-based association of plastic surgeons, the number of minimally invasive surgeries in the USA was 25.44 million in 2023, an increase of 7% from 2022. Therefore, the rising minimally invasive surgeries will drive the growth of the electrosurgical generator market.
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The electrosurgical generator market covered in this report is segmented –
1) By Type: Monopolar, Bipolar
2) By Application: Optical, Gynecology, Dermatology, Cardiac, Dental, Maxillofacial, Orthopedic, Urology, Neurology, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Clinics, Other End-Users
Major companies operating in the electrosurgical generator market are focused on developing innovative solutions, such as faster-ignition electrosurgical generators, to enhance surgical precision and efficiency. Faster-ignition electrosurgical generators are designed for quicker activation and enhanced surgical efficiency. For instance, in June 2023, Olympus Corporation, a Japan-based optics and reprography product manufacturer, launched ESG-410, a next-generation electrosurgical generator tailored for treating bladder cancer and enlarged prostate, boasting several advancements from its predecessor. It features larger capacitors for improved plasma stability during ignition, reducing energy requirements. This enhances efficiency in BPH resections by enabling faster tissue removal through reliable ignition of larger resection loops. The model includes an expanded 8.4-inch LCD touch screen and wireless foot pedals (with wired options also available), offering versatility in treating non-muscle-invasive bladder cancer (NMIBC) and benign prostatic hyperplasia (BPH) with its variety of resection loops band electrodes, vaporization buttons, and needles.
The electrosurgical generator market report table of contents includes:
1. Executive Summary
2. Electrosurgical Generator Market Characteristics
3. Electrosurgical Generator Market Trends And Strategies
4. Electrosurgical Generator Market – Macro Economic Scenario
5. Global Electrosurgical Generator Market Size and Growth
…..
32. Global Electrosurgical Generator Market Competitive Benchmarking
33. Global Electrosurgical Generator Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electrosurgical Generator Market
35. Electrosurgical Generator Market Future Outlook and Potential Analysis
36. Appendix
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