The electrosurgery devices market is expected to strengthen its hold on the global market at a strong CAGR of 4.4% between 2023 and 2033. The market is valued at USD 3.4 billion in 2023 and is likely to reach USD 5.3 billion by 2033. Previously, the market thrived at a slightly higher CAGR of 3.5% (2018 to 2022), ensuring a market size of USD 3.3 billion in 2022.
Technologically advanced tools along with their use in major applications into medical, cosmetics and age-related surgeries performed are fueling the sales of electrosurgery devices, enhancing the surgeries related to cosmetic, medical and age-related surgery experience.
The rise in chronic diseases and lifestyle diseases leading up to certain types of treatment, including multiple surgeries, is leading the market upwards. New minimal and invasive surgery tactics and integrated technology fuel the sales of the global market. It includes generators and other instruments. Risks and benefits attached to electrosurgery decide the future market trends for the global market.
A global study on the market shows that the new techniques used in electrosurgeries related to cosmetics, age-related surgeries, and medical facilities are leading the sales of electrosurgery devices.
The rising number of ambulatory surgery centers is also attributed to the growth of the electrosurgery device market. Governments around the world are adopting new cutting-edge technologies to enhance healthcare systems. It includes the treatment of chronic diseases that involve surgeries.
The market is currently in the recovery stage as new developments happen in the manufacturing units of these devices. These devices include electrosurgery generators, instruments, and bipolar instruments.
Electrosurgery devices and other equipment used apply to gynecology, neurosurgery, cosmetic, cardiovascular, orthopedic, and general surgery. These surgeries require precision, and time-bending techniques help these surgeries with generators, active electrodes, and other electrosurgery devices.
The senior population also pushes the global market with its growing lifestyle diseases. Another driving factor for the electrosurgery devices market is its high accuracy and less time taking technique that helps the end-user has a surgery experience without a hitch.
| Attribute | Details |
|---|---|
| Market CAGR (2023 to 2033) | 4.4% |
| Market Valuation (2023) | USD 3.4 billion |
| Market Valuation (2033) | USD 5.3 billion |
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Electrosurgery devices make the processes easy and less time consuming, putting the end user care as its first priority, enhancing the cosmetic surgeries, cardiovascular surgery, and gynecology surgery. This fuels the demand for electrosurgery devices.
With these new healthcare devices on the market, the exciting price range and technologically enabled devices are highly used as they are more flexible to the latest technology. It makes industry-specific surgeries easy and targeted-friendly.
These surgeries involve tissue removal, cell treatment, and other cosmetic-related surgeries that include electrifying properties. The major adoption of these devices has been in hospitals, clinics, and ablation centers that perform ambulatory surgeries.
The restrictions that hold the electrosurgery market backward are covid-19's impact coupled with the high price and incompetent operators. The covid-19 has ruined the supply chain and R&D programs involving the units of electrosurgery devices, declining the market's growth. Also, high cosmetic surgery prices limit the market as end users look for cheap solutions and other alternatives.
The last restraint to the market is the incompetent operators that do not understand the functional bandwidth of these devices, limiting the operability. These features together decline the market.
The global market is categorized by Product and Application. These categories are further divided into small segments that expand their channels in multiple market spaces.
These segments perform differently in multiple markets as they have a stronghold in multiple regions. The product category is segmented into electrosurgery generators, instruments & accessories (electrosurgery instruments, electrosurgery accessories). At the same time, the application is divided into general surgery, gynecology surgery, urologic surgery, cardiovascular surgery, cosmetic surgery, and neurosurgery.
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By product, the electrosurgery instruments & accessories segment is the larger Segment and will hold the biggest portion of the market in the forecast period. The analysis shows that the electrosurgery instruments and accessories segment is set to thrive at a CAGR of 4.2% in the forecast period. In contrast, previously, the Segment thrived at a slightly higher CAGR of 4.7%.
The gobal market analysis explains that the factors behind the growth of this Segment are its high use in the medical and cosmetic sector and the exciting price range because of its common usage. Therefore, these factors flourish the demand for electrosurgery devices.
By application type, the general surgery segment is big and is estimated to hold a large market in the forecast period.
The analysis shows that the most commonly used general surgery segment is set to thrive at a CAGR of 4.1% in the forecast period, while previously, the Segment was flourishing at a higher CAGR of 4.8%. Common usage and new technological involvement in general surgery are the driving factors of on-premises segments.
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| Countries | Forecast Share Between 2023 to 2033 |
|---|---|
| United States | 34.9% |
| Germany | 7.2% |
| Japan | 5.6% |
| Countries | Forecast CAGR Between 2023 to 2033 |
|---|---|
| China | 5.7% |
| India | 4.3% |
| United Kingdom | 3.8% |
| Australia | 3.5% |
The global market is divided into regions; North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe. The growing market in the United States, flourishing at a share of 34.9% between 2023 to 2033.
The region is likely to hold a market revenue of USD 1.7 Billion by the end of 2033. New cosmetic trends, high obesity rates, and high capital investment in healthcare units are increasing the demand for electrosurgery devices in this region.
China is the second highest growing market globally and will hold USD 347 million by the end of 2033 as it thrives on a promising CAGR of 5.7% between 2023 to 2033.
Other regions of Asia Pacific also flourished, with developing countries like Japan booming at a CAGR of 5.6% and South Korea growing at a CAGR of 2.4% during the forecast period.
The competitive landscape of electrosurgery devices is dynamic, allowing new competitors to thrive in the market and increase competitiveness.
The companies in the market are a part of mergers and collaborations that result in increased distribution channels and market spaces. These companies focus on better price range, accuracy, and precision with technically-enabled devices.
Recent Developments in the Global Market
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Product, Application, Region |
| Key Companies Profiled | B. Braun Melsungen AG; Boston Scientific Corporation; Symmetry Surgical Inc.; BOWA-electronic GmbH & Co. KG; CONMED Corporation |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 3.4 billion in 2023.
The market’s CAGR from 2023 to 2033 will be 4.4%.
B. Braun Melsungen AG and Boston Scientific Corporation are key market players.
Rise in the number of ambulatory surgery centers to boost the market prospects.
Electrosurgery instruments & and accessories segment to remain preferred through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Electrosurgery Generators 5.2. Electrosurgery Instruments & Accessories 5.3. Electrosurgery Instruments 5.4. Electrosurgery Accessories 5.5. Argon and Smoke Management Systems 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. General Surgery 6.2. Gynecology Surgery 6.3. Urologic Surgery 6.4. Orthopedic Surgery 6.5. Cardiovascular Surgery 6.6. Cosmetic Surgery 6.7. Neurosurgery 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. B. Braun Melsungen AG 17.2. Boston Scientific Corporation 17.3. Symmetry Surgical Inc. 17.4. BOWA-electronic GmbH & Co. KG 17.5. CONMED Corporation 17.6. Olympus Corporation 17.7. Medtronic Plc. 17.8. Johnson & Johnson (Ethicon USA, LLC.) 17.9. Erbe Elektromedizin GmbH 17.10. KLS Martin 18. Assumptions & Acronyms Used 19. Research Methodology
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Electrosurgery Devices Market
