Electrosurgical Devices Market Size By Product (Electrosurgical Generator, Electrodes, Smoke Evacuation System, Accessories), By Application, (General Surgery, Gynaecology, Urology, Orthopaedic Surgery, Cardiovascular Surgery, Cosmetic Surgery, Neurosurgery), By End-use (Hospitals, Ambulatory Surgical Units, Specialized Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

Published Date: Feb 2021  |  Report ID: GMI2686  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 170   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry trends

Electrosurgical Devices Market size was valued at USD 8.1 billion in 2020 and is estimated to grow at over 4% CAGR between 2021 and 2027. Electrosurgery involves application of high frequency alternating current to cut and coagulate biological tissues. This is achieved using electrosurgical devices involving components such as electrosurgical generator, electrodes, smoke evacuation systems and related accessories. An electrosurgical device is used to cut and coagulate tissues during surgical procedures.
 

Electrosurgical Devices Market

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The rising prominence of minimally invasive surgeries has led to the shift from conventional cutting tools such as surgical blades and lasers to electrosurgical devices. The increased levels of accuracy as well as high reliability are some of the factors driving the market growth. The introduction of monopolar as well as bipolar electrosurgical units (ESUs) has widened the scope of application for such devices. Furthermore, the growing number of surgeries in several streams of healthcare has propelled the market expansion.
 

Also, the electrosurgical devices form an integral part of the surgeries today. However, governments around the world have asked respective healthcare systems to postpone the non-essential surgical procedures in wake of COVID-19 pandemic. This is anticipated to impact the market in the short term. Additionally, logistical disruptions can potentially lead to product shortages in the market owing to higher dependence on the U.S. for supply as well as demand. On the upside, several associations have released guidelines for virtually all specialties. This move ensures smooth as well as safe surgical procedures while assisting the market gain traction.
 

Electrosurgical Devices Market Report Coverage
Report Coverage Details
Base Year: 2020 Market Size in 2020: USD 8.1 Billion
Historical Data for: 2016 to 2020 Forecast Period: 2021 to 2027
Forecast Period 2021 to 2027 CAGR: 4.0% 2027 Value Projection: USD 10.4 Billion
Pages: 170 Tables, Charts & Figures: 186
Geographies covered (15): U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Oceania, Brazil, Mexico, South Africa, GCC Countries
Segments covered: Product Type, Application, End-use and Region
Companies covered (14): B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew, Boston Scientific Corporation, Medtronic Plc, Erbe Elektromedizin GmbH, Bovie Medical Corporation, Johnson & Johnson Private Limited, AngioDynamics, Inc., Olympus Corporation, CONMED Corporation, Applied Medical Systems, KLS Martin Group, KALSTEIN France SAS
Growth Drivers:
  • Increasing number of surgical procedures
  • Increasing prominence of minimally invasive procedures
  • Shifting preference towards outpatient surgeries in developed regions
  • Rising geriatric population
Pitfalls & Challenges:
  • Concerns surrounding toxic fumes produced during surgical procedures
  • Stringent regulatory approvals

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Rising demand for surgeries is expected to upsurge the demand for ESUs

With surgeries being an indispensable part of healthcare sector, an increase in the number of surgeries leads to positive gains in the global electrosurgical devices market. An increasing number of population with health issues, such as cardiovascular illnesses, urological and gynaecological diseases as well as orthopaedic illnesses, is noted to resort to surgical treatments. According to the International Society of Aesthetic Plastic Surgery, about 11.4 million cosmetic surgeries were performed globally in 2019, nearly 7.1% higher as compared to the preceding year. Similarly, for other surgical procedures, the demand for surgeries is increasing in tandem with the growing prevalence of the illness. As electrosurgical devices are noted to be relatively efficient, causing limited blood loss and significantly reduce the recovery time, these are highly adopted by surgeons across regional markets, fuelling the market revenue during the forecast period.
 

Surgical smoke generated by electrosurgical devices to cause hurdles in the short term

While electrosurgical devices are highly effective and accurate, one of the prominent and only demerits is the smoke produced. These are studied to be toxic for the healthcare staff as well as the patient in the operating room. The American Safety and Health Administration has projected that nearly 500,000 personnel are exposed to electrosurgical smoke annually. Operating in such an environment can result in inhaling toxic gases such as carbon monoxide, hydrogen cyanide and benzene, among others. These can cause health issues such as respiratory and eye irritation and nausea, in some cases. In addition, prolonged exposure to surgical smoke can lead to non-acute health complications that are difficult to trace back to the surgical smoke. However, several states in the U.S. are formulating laws for better management of surgical smoke. Mandatory use of smoke evacuators is slated to nullify the impact of toxic fumes on the global market growth. Several manufacturers are also noted to work towards technological advancements in order to facilitate effective smoke evacuation, thereby leading to the industry expansion.
 

Efforts by various manufacturers to develop technologically advanced coronary electrosurgical generators will spur the market demand

Electrosurgical Devices Market Share

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The electrosurgical generator segment accounted for 43.6% of the electrosurgical devices market share in 2020 led by the large-scale adoption of modern ESUs having integrated monopolar/bipolar modes. A better product life and high product cost also lead to the higher value proportion in the market. The significant growth witnessed by the ambulatory surgical units and hospital outpatient facilities are also estimated to considerably contribute to the high market value of electrosurgical generators.
 

Higher number of gynecology surgeries lead to a higher revenue generation in the global electrosurgical devices market

The gynecology segment is projected to register a 5.1% growth rate till 2027. Growing number of gynecological diseases are observed around the world. These can be attributed to women’s changing lifestyle and the body’s subsequent reaction to the same. Changed dietary habits, reduced physical activity, increased stress levels are all contributing factors towards the rise in cases involving gynecological illnesses. Most of these illnesses are advised to be treated through a surgical procedure. Hence, the industry demand for electrosurgical devices in gynecology surgeries is predicted to be on a rise throughout the forecast period, followed by cosmetic surgery.
 

Rising acceptance of electrosurgical devices in hospitals is set to augment the segment growth

The hospitals end-use segment in the electrosurgical devices market exceeded USD 3.5 billion in 2020. Hospitals have been reported to perform majority of surgeries and hence, the demand for electrosurgical devices and related instruments as well as accessories is significantly higher. As electrosurgical devices form an integral part of a surgical setup, existing as well as newly developed hospitals strive to maintain high quality products. Patients in under-developed as well as developing countries are noted to rely heavily on inpatient surgeries as opposed to the rising trend of ambulatory surgical units in the developed part of the world. These are poised to largely drive the segment revenue during the forecast period. Further, the gradually increasing number of surgeons and other skilled staff in every part of the world will foster the segment expansion.
 

Growing incidence rate of cardiovascular disease along with rising geriatric population in North America will boost the market revenue

North America Electrosurgical Devices Market

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North America electrosurgical devices market accounted for more than USD 3.6 billion in 2020 owing to the early adoption of novel technologies, higher surgery rates and an increasing geriatric population. According to the Centers for Disease Control and Prevention (CDC), heart diseases are the leading cause of death in the U.S., for both men and women alike. The rising number of urologists as well as gynaecologists represents a considerable rise in the prevalence of respective diseases. Furthermore, nearly 1.4 million cosmetic surgical procedures were reported in the U.S. alone in the year 2019. The growing number of geriatric population increases the confidence in the optimistic forecast outlook for the market in the region. Thus, the consumption of electrosurgical devices in surgical treatments in North America is anticipated to maintain its dominance in the industry during the forecast timeline.
 

Product launches and acquisitions are expected to create lucrative growth opportunities for players operating in the market

Prominent companies operating in the electrosurgical devices market include Stryker Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, Medtronic Plc, Smith & Nephew, Erbe Elektromedizin GmbH, Johnson & Johnson Private Limited, AngioDynamics, Inc., Olympus Corporation, CONMED Corporation. A balanced pool of organic and inorganic growth strategies are observed across market participants. Several organizations are resorting to brownfield investments by acquiring relatively smaller companies to strengthen their market presence.
 

Some of the recent industry developments:

  • In September 2019, Ethicon Endo-Surgery GmbH announced the launch of a reusable patient return electrode. Unlike single-use adhesive return electrodes, these are environment friendly aimed at reducing patient injuries. Such technological advancements propel the industry demand while positively impacting individual organization’s businesses.
     
  • In June 2018, Stryker Corporation acquired a Swiss medical device manufacturer, SafeAir AG, specializing in design, development and production of surgical smoke evacuation systems. The move strengthened the company’s product portfolio as well as company’s market presence.
     

The electrosurgical devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:
 

Market, By Product

  • Electrosurgical generator
  • Electrodes
  • Smoke evacuation system
  • Accessories

Market, By Application

  • General surgery
  • Gynaecology
  • Urology
  • Orthopaedic surgery
  • Cardiovascular surgery
  • Cosmetic surgery
  • Neurosurgery
  • Others

Market, By End-use

  • Hospitals
  • Ambulatory surgical units
  • Specialized clinics
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Oceania
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC Countries
       

Frequently Asked Questions (FAQ) :

The market for electrosurgical devices was valued at USD 8.1 billion in 2020 and will expand at over 4% CAGR between 2021-2027 due to high reliability and increased levels of accuracy of minimally invasive surgeries.
The electrosurgical generator segment accounted for 43.6% of the market share in 2020 and will grow owing to the large-scale adoption of advanced ESUs having integrated monopolar/bipolar modes.
The industry share from gynecology segment will register a healthy CAGR of 5.1% through 2027 due to women’s changing lifestyle and majority of the illnesses being treated through a surgical procedure.
The market share from hospitals end-use segment surpassed USD 3.5 billion in 2020 and will expand due to most of the surgeries being performed at hospitals and a gradual increase in the number of surgeons and other skilled staff.
North America electrosurgical devices market value was pegged at over USD 3.6 billion in 2020 and will grow by 2027 owing to the early adoption of novel technologies, higher surgery rates and an increasing geriatric population.

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Premium Report Details

  • Published Date: Feb 2021
  • Pages: 170
  • Tables: 168
  • Charts / Figures: 18
  • Companies covered: 14
  • Countries covered: 15

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