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Electrosurgical Devices Market Size, By Product Type (Electrosurgical Generator, Electrodes, Smoke Evacuation System, Accessories), By Application, (General Surgery, Gynaecology, Urology, Orthopaedic Surgery, Cosmetic Surgery, Neurosurgery), By End-use & Forecast, 2032

  • Report ID: GMI2686
  • Published Date: Feb 2023
  • Report Format: PDF

Electrosurgical Devices Market Size

Electrosurgical Devices Market size was worth more than USD 8.9 billion in 2022 and is anticipated to expand at a 5.3% CAGR from 2023-2032. Rising number of surgical procedures performed worldwide will accelerate industry growth.
 

Electrosurgical Devices Market

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The steady rise in the number of surgical procedures performed across the globe is expected to fuel the demand for state-of-the-art electrosurgical procedures. The growing awareness regarding latest technological breakthroughs in medical devices based on artificial intelligence (AI) tools, such as deep learning will positively influence the industry outlook. Over the past few years, the prevalence of chronic illnesses has risen stronger resulting in higher health concerns associated with disability and mortality, particularly across low and middle-income countries.
 

Higher toxicity associated with surgical instruments may impede product demand

The growing concerns associated with toxic fumes generated by tools and devices used in surgical procedures could restrain the electrosurgical devices industry progress. Electrosurgical devices are known to produce harmful smoke which can compromise both patient as well as staff health. According to the American Safety & Health Administration, approximately 500,000 healthcare personnel are exposed to electrosurgical fumes annually.  Hence, the high exposure to a combination of hazardous gases including hydrogen cyanide, carbon monoxide, and benzene poses a risk of non-acute health complications, and long-lasting side effects, leading to restrained electrosurgical devices market expansion.
 

Electrosurgical Devices Market Analysis

Electrosurgical Devices Market Share By Product Type

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Electrosurgical devices market valuation from electrosurgical generators reached over USD 3.9 billion in 2022 ascribing to their high-value proportion with improved product life and technological sophistication. Moreover, the increasing spending across healthcare facilities and hospitals on the large-scale adoption of next-generation electrosurgical units (ESUs) is encouraging manufacturers to launch novel generators. Furthermore, the modernization of the healthcare sector and the rapid penetration of automated technologies to improve the precision, efficiency, and output of surgical procedures will foster demand for advanced electrosurgical generators.
 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The global market for electrosurgical devices size was worth more than USD 8.9 billion in 2022 and is anticipated to expand at a 5.3% CAGR from 2023-2032.
Cardiovascular surgeries is estimated to reach over USD 2 billion by 2032 owing to the growing burden of chronic diseases worldwide.
Europe electrosurgical devices market size is poised to exceed USD 4.2 billion by 2032 due to an increasing number of initiatives focusing on the improvement of access to surgical procedures.
Stryker Corporation, Medtronic plc, AngioDynamics, Inc., Olympus Corporation, CONMED Corporation, and KLS Martin Group are some of the key manufacturers of electrosurgical devices across the world.

Electrosurgical Devices Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 247
  • Countries covered: 25
  • Pages: 110
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