Electrosurgical Generators Market size to exceed $2.5bn by 2025
Published Date: December 20, 2019 Authors: Sumant Ugalmugle, Rupali Swain
Electrosurgical Generators Market size is set to exceed USD 2.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
Rapid technological advancements in the field of electrosurgery has reduced the use of traditional cutting tools and has enabled automated adjustment of power output will act as high impact rendering factor for increasing the adoption rate of electrosurgical generators. Factors such as swift post-surgery recovery and less invasiveness will drive the industry growth for electrosurgical generators. Modern electrosurgical generators can be programmed by lowering the output voltage to reduce the risk of capacitive coupling thus enhancing the operational capability of the generator will further increase the market size.
Growing demand for cosmetic surgeries will lead to lucrative growth of the electrosurgical generators market
Growing obsession with youthful appearance especially among the female population will be the primary factor for electrosurgical generators industry demand over the upcoming years. Growing dermatologic disorders including skin lesions and reduction of anti-ageing signs such as forehead lines, frown lines, crow's feet, etc. with the help of aesthetic procedures will drive the industry expansion over the analysis period.
Growing preference of patients for electrosurgery owing to its benefits such as ease of usage, minimal chances of infection, speedier recovery time and a low risk to patients will drive the business growth. Additionally, rising government investments for the enhancement of target-specific surgical devices and advanced medical treatment is liable to promote electrosurgical generators business expansion over the foreseeable period.
Wide-ranging applications of electrosurgical generators will fuel the business growth
Electrosurgical generators have application in optical, gynecology, dermatology, cardiac, dental, ENT, maxillofacial, orthopedic, urology and neurology sectors. It also has applications in surgical procedurals including devitalization, coagulation, thermo-fusion and cutting. Owing to its numerous applications, demand for electrosurgical procedures has elevated, eventually leading to high demand for generators. Benefits experienced by patients such as less peri-operative pain and minimal bleeding, is leading to high demand thereby stimulating the electrosurgical generator market growth.
Browse key industry insights spread across 130 pages with 92 market data tables & 11 figures & charts from the report, “Electrosurgical Generators Market Size By Type (Bipolar, Monopolar), By Application (Optical, Gynecology, Dermatology, Cardiac, Dental, ENT, Maxillofacial, Orthopedic, Urology, Neurology), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Regional Outlook (U.S., Canada, UK, Germany, Spain, France, Italy, China, Japan, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Growing application of monopolar electrosurgical generators in open surgeries will be a major market growth driver
Based on type, the electrosurgical generators market is distinguished between monopolar and bipolar. The monopolar segment accounted for 39.1% revenue share in 2018 and is estimated to grow considerably during the forecast period. Monopolar generators are used for numerous applications including blend, cut, desiccation, and fulguration in open surgeries are the factors propelling segmental growth.
Increasing prevalence of eye disorders and high usage of electrosurgery in ophthalmic procedures resulted in high market share of optical segment in 2018
The optical application segment will grow by 7.2% during the forecast period owing to rising application of electrosurgery in ophthalmic surgeries to cut, dissect, coagulate, fulgurate, shrink, and ablate tissue. Additionally, rising prevalence of eye-related diseases and growing demand for minimally invasive ophthalmic surgeries will positively impact the market size growth over the upcoming period.
Rising patients’ preference for surgery in ambulatory surgical centers will lead to lucrative growth of ambulatory surgical centers end-use segment
Based on end-use, the electrosurgical generators market is bifurcated into hospitals, ambulatory surgical centers, clinics and others. Growing patient preference towards ambulatory surgical centers to prevent overnight stay after surgical procedure along with availability of high-quality treatment at lower prices in ambulatory surgical centers as compared to other healthcare settings will drive the segmental growth to exceed over USD 1.0 billion by 2025.
Presence of major industry players in the U.S. will positively impact the regional market growth
The U.S. electrosurgical generators market is dominated by few key players including Medtronic, Erbe, Bovie, CONMED among others. These companies are undertaking various strategies to lead the lucrative U.S. market. For instance, In June 2018, CONMED acquired SurgiQuest, Inc. that strengthened the company’s surgical devices portfolio. Rising awareness about aesthetic procedures due to growing obsession about physical appearance will act as high impact rendering factor for growth of the U.S. market.
Increasing number of surgeries coupled with growing demand for minimal invasive procedures will further boost the business growth. Technological advancements in bipolar electrosurgical generators has escalated the adoption rate of electrosurgical generators in the U.S. Rising number of specialty clinics and other healthcare settings will positively impact the market growth over the coming years.
Industry players are focusing on new product launch and innovation in the electrosurgical field
Some of the notable industry players include Medtronic, Erbe, Bovie, CONMED among others. These companies are focusing their efforts on R&D to develop innovative electrosurgical generator in order to gain competitive advantage in the highly competitive industry. Besides competitive differentiation, leading brands are adopting competitive pricing as per devices’ specifications and technological advancement. For instance, Smith & Nephew, Inc., endoscopy division announced the launch of the DYONICS Control RF System, an advanced method to bipolar arthroscopic radiofrequency procedures in October 2018. It is the world's first RF system intended to enhance surgeon control of surgical procedures by adapting the energy output of a hospital's standard electrosurgical generator to high-frequency waveforms required for bipolar arthroscopic procedures, eradicating the necessity for a specialized generator. Such technological advancements will drive the electrosurgical generators market growth over the analysis period.
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