Electrosurgical Devices Market Analysis

Electrosurgical devices market size from ambulatory surgical units is projected to exhibit a 6% CAGR between 2023-2032. In recent years, ambulatory surgical units have gained substantial momentum owing to the paradigm shift toward outpatient treatment and care. The rapid expansion of technological capabilities and the easy access to a broad spectrum of healthcare services such as spinal, cataract, cardiac, and bariatric surgeries under one roof is responsible for high patient inclination towards these healthcare settings. Additionally, the increasing investments in healthcare infrastructure are enabling the digitization of ambulatory units with EMRs and telehealth for better patient monitoring and improved outpatient care. As per data published by the National Health Services (NHS) England, the number of outpatient appointments surpassed 122 million in 2021-2022.
 

In terms of revenue, the electrosurgical devices market share from cardiovascular surgeries is estimated to reach more than USD 2 billion by 2032. The growing burden of chronic diseases worldwide is accelerating the need for cardiovascular surgeries and cardiac care, further proliferating the demand for electrosurgical devices. For instance, according to the World Health Organization (WHO), more than 17.5 million individuals die each year due to cardiovascular diseases (CVDs). As per the Direct Healthcare Cost of Noncommunicable Diseases in Malaysia report by WHO, and the Ministry of Health (MOH) in August 2022, cardiovascular diseases, cancer, and diabetes annually cost the Malaysian economy over USD 2 billion.
 

Europe electrosurgical devices market size is poised to surpass USD 4.2 billion by 2032. Europe is home to countries such as the U.K., Germany, and France with a massive footprint of medical device manufacturers. The region is expected to emerge as a key hotspot for the electrosurgical devices industry due to the growing patient pool of chronic disorders and the rising number of surgical procedures performed. Furthermore, the influx of favorable initiatives to improve access to advanced surgical procedures and healthcare will positively influence the electrosurgical devices industry expansion in Europe.