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Global Electrosurgical Devices Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product (Electrosurgical Generators, Electrosurgical Instruments and Accessories, Argon and Smoke Management Systems), Type & Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 3263
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Electrosurgical Devices Market Size (2022 to 2027)

The global electrosurgical devices market size is predicted to be worth USD 6.89 Billion by 2026 and USD 4.98 billion in 2021, growing at a CAGR of 6.7% from 2021 to 2026.

In electrosurgical procedures, the tissue is heated by an electric current. Although electrical devices that create a heated probe may be used for the cauterization of fabric in some applications, electrosurgery is usually used to mention an entirely different method than electrocautery. Electrocautery uses heat conduction by a direct current (much in the manner of a soldering iron). It may be achieved by direct current from dry-cells in a penlight-type device.

MARKET DRIVERS:

Growing requirements for effective healthcare services, increasing investments by the governments to develop the healthcare infrastructure, and rising medical tourism are primarily escalating the growth rate of the global electrosurgical devices market.

The rise in the number of surgical procedures performed globally, a huge pool of elderly population, an increase in the frequency of chronic illnesses, increased use of technologically sophisticated devices, and technical developments are all driving the electrosurgery medical devices market forward. The worldwide market is projected to rise quickly as more people become aware of the latest surgical procedures in emerging countries. Electrosurgery is used in most essential surgical operations, including cutting, coagulation, devitalization, and thermodiffusion, and there is a large increase in supply for minimally invasive surgeries. Shorter hospital stays, smaller incisions, fewer post-surgical problems, and faster recovery are all advantages of minimally invasive surgery. In addition, the introduction of monopolar and bipolar electrosurgical units (ESUs) has expanded the variety of techniques that can be used. Furthermore, the rising number of operations in a variety of healthcare fields has fueled the market growth.

The untapped developing market potential is projected to create attractive growth opportunities for the industry. Furthermore, because electrosurgical treatments may be done easily in an office setting, the usage of electrosurgical equipment is expected to rise significantly throughout the forecast period. Technological developments in electrosurgical equipment, the growing number of medical, cosmetic, and age-related surgeries done, and the expanding number of ambulatory surgery facilities are all driving this market's rise. Growth in the number of operations leads to favorable improvements in the worldwide electrosurgical devices market since surgeries are an essential element of the healthcare industry. Surgical therapies are being used by a rising number of people with health problems such as cardiovascular disease, urological and gynecological disorders, and orthopedic conditions. Surgeons across regional markets extensively utilize electrosurgical devices because they are relatively efficient, produce little blood loss, and reduce recovery time significantly, boosting market revenue throughout the forecast period. Players in the global electrosurgical devices market may expect attractive growth opportunities as the usage of less invasive methods in cosmetology operations grows.

MARKET RESTRAINTS:

The growth of the global electrosurgical devices market is likely to be hampered by strict government requirements for product approval. Due to the high cost of training, skilled professionals are in short supply. As a result, this problem is limiting the market's growth. The global electrosurgical devices market is expected to be hampered by stringent regulatory requirements for device approvals and product recalls. Product delays and higher costs resulting from stringent regulatory processes put a strain on electrosurgical equipment and new product development, potentially resulting in revenue losses.

Impact of COVID-19 on the global electrosurgical devices market:

Electrosurgical devices are becoming an important element of many operations. However, in the context of the COVID-19 pandemic, governments throughout the world have requested their healthcare systems to postpone non-essential surgical operations. This is expected to have a short-term influence on the market. COVID-19 has had a significant influence on the production and assembly of medical devices. To face the demands of this continuously changing situation, every part of the industry has been forced to adapt. The outbreak is stimulating the development and sale of innovative medical devices. COVID-19 may encourage the development of innovative medical devices and technology by encouraging a shift toward telemedicine and remote treatment. As hospitals and the healthcare system continue to be strained by COVID-19, the Electrosurgical medical device market has grown in coming years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Analysed

By Product, Type, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This research report on the global Electrosurgical Devices Market has been segmented and sub-segmented based on the product, type, and region.

 Electrosurgical Devices Market – By Product:

  • Electrosurgical Generators
  • Electrosurgical Instruments and Accessories
  • Argon and Smoke Management Systems

Based on the product, the electrosurgical instruments and accessories segment is expected to account for the largest share globally in 2020. This segment is anticipated to increase due to the increasing use of disposable and reusable electrosurgical tools and technical advances. In addition, the increasing number of cosmetic and plastic procedures is a positive driver for industry expansion.

Electrosurgical Devices Market – By Type:

  • General Surgery                               
  • Gynecological Surgery                   
  • Urologic Surgery                              
  • Orthopedic Surgery                        
  • Cardiovascular Surgery                  
  • Cosmetic Surgery                             
  • Neurosurgery                   
  • Other Surgeries

Based on type, the market is dominated by the General Surgery segment. The esophagus, stomach, small intestines, large intestines, liver, pancreas, gallbladder, appendix, and bile ducts are all positioned under and around the abdomen, and general surgery focuses on them. In addition, the expanding elderly population and the resulting increase in the frequency of different diseases/conditions, the growing number of surgical operations performed, and the rising incidence of obesity can all be linked to this segment's significant proportion.

The gynecological surgery segment is expected to develop at a moderate pace until 2026. Around the world, a growing number of gynecological diseases are being recognized. These can be ascribed to a shift in women's lifestyles and the body's reaction to it. Changed dietary habits, decreased physical activity, and higher stress levels lead to gynecological disease instances. The majority of these diseases are suggested to be treated surgically. As a result, market demand for electrosurgical devices in gynecological procedures, followed by cosmetic surgery, is expected to increase throughout the forecast period.

Electrosurgical Devices Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, The electrosurgical devices market in North America is predicted to acquire the most significant share of the electrosurgery market in 2020, trailed by Europe and Asia-Pacific. Developing markets, similar to China, India, and Brazil, are relied upon to offer huge development openings inferable from the rising pattern of medicinal tourism in these districts.

Likewise, these nations have less-stringent directions and information necessities when contrasted with created countries; organizations find administrative approaches in the Asia-Pacific locale to be versatile and business-accommodating. Also, expanding rivalry in developing markets will capture the attention of emerging markets.

The electrosurgical devices market in Europe is due to the increase in chronic diseases, the aging population, and surgical operations. The increase in Europe's geriatric population has led to increased demand for operations, particularly minimally invasive surgeries. Furthermore, plastic and reconstructive surgeries, which are usually done for aesthetic or cosmetic reasons, expand the number of medical, cosmetic, and age-related surgeries performed, and the growing number of ambulatory surgery facilities has grown in popularity. 

The electrosurgical devices market in the Asia Pacific is one of the most lucrative markets and is projected to grow at the highest rate during the forecast period. By nation, Japan represented the highest share in the Asia-Pacific electrosurgical devices market in 2019. For the most part, the development is determined by the rising economies and increment in interest in the human services division.

The electrosurgical devices market in Latin America has been calculated at 0.64 billion in 2021. It is further expected to grow and be worth USD 0.90 billion by 2026, growing at a CAGR of 6.9% from 2021 to 2026.

The electrosurgical Devices Market in the Middle East & Africa was worth USD 0.42 billion in 2021. It is predicted to grow and be worth USD 0.74 billion by 2026, growing at a CAGR of 11.7% between 2021 to 2026.

KEY MARKET PARTICIPANTS:

The most promising companies leading the global electrosurgical devices market profiled in this report are Ethicon, Inc. (U.S.)  Johnson & Johnson (U.S.), Olympus Corporation (Japan), and Covidien plc, Medtronic (Ireland)

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