Overview and Scope
Electrosurgical devices and equipment are used for cutting, sealing, and coagulating tissue during a variety of open and laparoscopic surgical procedures.
Sizing and Forecast
The electrosurgical devices and equipment market size has grown strongly in recent years. It will grow from <b>$9.7 billion in 2023 to $10.44 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to aging population, minimally invasive surgery (mis), surgical procedure volumes, telemedicine and remote surgery.
The electrosurgical devices and equipment market size is expected to see strong growth in the next few years. It will grow to <b>$13.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to emerging markets growth, robotics and automation, personalized medicine, value-based healthcare. Major trends in the forecast period include energy-efficient devices, integration of imaging technologies, smart and connected devices, enhanced safety features.
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Segmentation & Regional Insights
The electrosurgical devices and equipment market covered in this report is segmented –
1) By Product: Electrosurgery Generators, Electrosurgery Instruments & Accessories, Argon and Smoke Management Systems
2) By Application: General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery
3) By End User: Hospitals, Specialized Clinics, Ambulatory Surgery Centers
Top Major Players
Bovie Medical Corporation
Johnson & Johnson Private Limited
Braun Melsungen AG
Medtronic PLC
Smith and Nephew PLC
North America was the largest region in the global electrosurgical devices market in 2023. Western Europe was the second-largest region in the electrosurgical devices market. The regions covered in the electrosurgical devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The increasing prevalence rate of chronic diseases contributed significantly to the growth of the electrosurgical devices and equipment market. Electrosurgical devices are used in the surgery of many life-threatening diseases such as skin cancer, small basal cell carcinomas, squamous cell carcinoma, wound surgery, skin surgery, non-cancerous moles, dentistry, and others. There has been an increase in the number of skin diseases worldwide. For instance, in January 2023, according to the National Library of Medicine, a US-based medical library operated by the federal government, the number of individuals in the United States aged 50 and older with at least one chronic condition is projected to increase by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the increasing prevalence rate of chronic diseases drives the growth of the electrosurgical devices and equipment market.
Key Industry Players
Major companies operating in the electrosurgical devices and equipment market include Bovie Medical Corporation, Johnson & Johnson Private Limited, B. Braun Melsungen AG, Medtronic plc, Smith and Nephew plc, Boston Scientific Corporation, Stryker Corporation, ATMOS Inc., Heal Force Bio-meditech Holdings Limited, Erbe Elektromedizin GmbH, Bowa-Electronic Gmbh & Co.KG, Conmed Corporation, Ethicon Inc., Olympus Corporation, Megadyne Medical Products Inc., COVIDien plc, Applied Medical Resources Corporation, KLC Martin Group, Utah Medical Products Inc., Kirwan Surgical Products LLC, Parkell Inc., XcelLance Medical Technologies Pvt. Ltd., Prima Medical Ltd., Abbott Laboratories, Philips, GE Healthcare, Encision Inc., Symmetry Surgical Inc., Meyer-Haake GmbH Medical Innovations, AtriCure Inc.
The electrosurgical devices and equipment market report table of contents includes:
1. Executive Summary
2. Electrosurgical Devices And Equipment Market Characteristics
3. Electrosurgical Devices And Equipment Market Trends And Strategies
4. Electrosurgical Devices And Equipment Market – Macro Economic Scenario
5. Global Electrosurgical Devices And Equipment Market Size and Growth
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31. Global Electrosurgical Devices And Equipment Market Competitive Benchmarking
32. Global Electrosurgical Devices And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electrosurgical Devices And Equipment Market
34. Electrosurgical Devices And Equipment Market Future Outlook and Potential Analysis
35. Appendix
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