Electrosurgical Devices Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI2686

Summary Methodology

Electrosurgical Devices market size is projected to experience significant growth from 2018 to 2024.

Electrosurgical devices market will witness significant growth owing to rising elderly patient base across the globe. Escalating number of surgical procedures due to increasing prevalence of chronic diseases among the aging population will further drive electrosurgical devices market growth over the coming years.

Soaring demand for minimally invasive procedures such as aesthetic and cosmetic procedures will propel electrosurgical instruments market growth in the future. Benefits associated with these non-invasive treatments such as decreased hospitalization period, speedy recovery, curtailed risk of infections and lower operative pain will positively contribute to overall business growth.

Development of novel electrosurgical instruments by the major industry players will escalate adoption and drive business growth. For instance, in August 2016, Erbe Elektromedizin announced the launch of its latest generation electrosurgical device (VIO 3), that functions as a generator for the physicians in the operating rooms and supports bipolar and monopolar technologies coupled with maximum ease-of-use.

However, frequent product recalls due to sterilization and safety issues related to the components and accessories will hinder industry growth. Complications associated with electrosurgical instruments such as improper usage, insulin failure, direct coupling of current and capacitive coupling resulting into electrothermal injury is another major factor hampering the electrosurgical devices market growth. However, Association of Surgical Technologies (AST) has developed Standard of Practices and guidelines for healthcare professionals that ensures proper usage of electrosurgery.

Electrosurgical instruments and accessories segment held a momentous share as of 2017, due to its rising demand in minimally invasive surgeries coupled with advantages offered such as minimal blood loss and reduced postoperative risks.

Electrosurgical instruments are bifurcated into monopolar and bipolar instruments of which bipolar is slated to witness significant growth due to benefits offered such as minimal risk of burning when conductive objects are touched, lower electrical interference from other devices, small leakage of current and wide usage in sensitive procedures such as neurosurgery and laparoscopy for effective incision and coagulation.

Cosmetic surgeries will grow at a rapid pace owing to high demand for minimally invasive surgeries, rising geriatric patient base globally and intensified spending on aesthetic procedures. Broad spectrum usage of these devices in general surgery, gynecology, gastroenterology, urology, orthopedic, cardiovascular and neurosurgeries will further propel industry expansion.

U.S. will drive electrosurgical devices market due to surging geriatric population base and rising demand for procedures such as cosmetic surgeries. Availability of technologically advanced products coupled with higher adoption rates will propel regional growth.

India electrosurgical devices market is poised to witness robust growth over the forecast period. Presence of large elderly patient base, rising healthcare expenditure along with increasing awareness for minimally invasive surgeries augment business growth.

Some of the key industry players operating in electrosurgical devices market include B. Braun Melsungen, Medtronic, Ethicon, Erbe Elektromedizin, Olympus, Megadyne Medical Products, Bovie Medical, Bowa-Electronic, ATMOS, Parkell, Smith and Nephew.

The market players focus on strategic alliances such as mergers, acquisition and innovative product launch to expand their product portfolio and gain a competitive edge. For instance, in January 2017, Ethicon entered an acquisition agreement with Megadyne Medical Products, Inc., a leading manufacturer of electrosurgical tools across the globe. This strategic move enables the former company to strengthen and expand its surgical and energy portfolio. It will further provide clinical and economic value to its customers at a global level.

Electrosurgical devices market by product, 2013-2024 (USD Million)

  • Electrosurgical generators
  • Electrosurgical instruments & accessories
    • Electrosurgical instruments
      • Monopolar instruments
      • Bipolar instruments
  • Electrosurgical accessories
  • Argon & smoke management system

Electrosurgical devices market by surgery type, 2013-2024 (USD Million)

  • Gynecology
  • General surgery
  • Gastroenterology
  • Urology
  • Cardiovascular surgery
  • Cosmetic surgery
  • Orthopedic surgery
  • Neurosurgery

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

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

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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