According to Future Market Insights' newly released Ultrasonic Electrosurgical Devices Market analysis report, the global market for Ultrasonic Electrosurgical Devices was valued at US$ 4.2 billion in 2021 and is expected to rise at a CAGR of 6.1% during the forecast period to reach a market valuation of US$ 8 billion by 2032. The global market is expected to surge at an absolute dollar opportunity of US$ 3.5 billion during the forecast period.
| Attribute | Details |
|---|---|
| Global Ultrasonic Electrosurgical Devices Market (2022) | US$ 4.5 Billion |
| Global Ultrasonic Electrosurgical Devices Market (2032) | US$ 8 Billion |
| Global Ultrasonic Electrosurgical Devices Market CAGR (2022 to 2032) | 6.1% |
| USA Ultrasonic Electrosurgical Devices Market CAGR (2022 to 2032) | 6.5% |
| Key Companies Profiled |
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The market growth is attributable to the growing surgeries count, rising prevalence of chronic diseases, increasing minimally invasive surgeries, and advancements in surgical techniques. Furthermore, the necessity for patient safety and increasing strategic initiatives throughout complex surgeries have prompted leading market participants to develop ultrasonic electrosurgical devices.
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As per the publication released by Future Market Insights - a market research and competitive intelligence provider, the market is currently valued at US$ 4.2 Billion and is expected to become a US$ 4.5 Billion market by the end of 2022. between 2022 and 2032, the market is expected to grow at a CAGR of 6.1%. The market is estimated to offer an absolute dollar opportunity of US$ 3.5 billion during 2022 and 2032 and is likely to hit a valuation of US$ 8 Billion by 2032.
The expanding elderly population, as well as an increase in the number of surgical procedures, are some of the primary drivers escalating the demand for ultrasonic electrosurgical devices during the forecast period. Ultrasonic electrosurgical technologies are becoming more popular as the concern for patient safety throughout complex surgical procedures grows.
The market is expected to grow due to the existence of a large number of companies and the rising prevalence of their strategic alliances for improving product portfolios. During the projected period, the frequency of surgical operations is expected to rise due to an increasing number of traffic accidents, an aging population, and increased healthcare spending in emerging economies.
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The complex nature of Ultrasonic Electrosurgical equipment necessitates the use of qualified specialists for safely handling the instruments and performing the operations. The scarcity of such qualified and trained personnel may limit the demand. Furthermore, compared with conventional electrosurgical instruments, ultrasonic electrosurgery components are more expensive and less durable which has been constraining the market growth.
North America is likely to dominate the global market owing to the rising chronic ailments, preventive surgeries, minimally invasive surgeries, technological advancements, and the presence of large players in the region.
Meanwhile, the APAC market is likely to grow at the highest CAGR owing to the surge in the geriatric population, market expansion by key players, the rising adoption rate of technologically advanced products, growing healthcare expenditure, and increased reimbursement policies by the government.
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In 2021, the USA with over 25% share accounts for the largest Ultrasonic Electrosurgical Devices market globally. The market in the country is projected to expand at a CAGR of 6.5%. Between 2022 and 2032, the market is expected to surge with an absolute dollar opportunity of US$ 1.4 billion. According to the American Heart Association, 7,85,000 Americans will experience their first heart attack this year, which will take the market forward.
During the forecast period, the market will be driven by favorable government policies, new product development, rising healthcare infrastructure expenditure, and a high level of patient knowledge about the presence of advanced treatment devices.
The region's ability to cater to a high level of innovation in the field of medical devices, as well as its growing burden of chronic disorders, rising preference for minimally invasive surgeries, and ability to cater to a high level of innovation in the field of medical devices, help it dominate the market.
The market in the UK is expected to reach a valuation of US$ 339 Million by 2032. With a CAGR of 5.7%, the market is projected to gross an absolute dollar opportunity of around US$ 196 Million from 2022 to 2032.
During the projected period, the Chinese market for Ultrasonic Electrosurgical Devices is expected to expand at a CAGR of 8%. Between 2022 and 2032, the market in the country is likely to generate an absolute dollar opportunity of US$ 432.1. The higher adoption of modern technology, the rising frequency of chronic illnesses, the favorable reimbursement policies, the rising senior population, and the escalating preference for minimally invasive surgeries are contributing to this increase. Furthermore, major players have been investing in the healthcare sector of the country to address the unmet demand.
In 2021, ultrasonic electrosurgical consumables were the highest revenue-generating segment, which is projected to grow at a CAGR of 6%. The forecasted growth is significantly higher than the historical growth of just 4.1% during the period between 2017 and 2021.
The consumables segment is growing rapidly due to its easy disposable nature and low durability rate in comparison to ultrasonic electrosurgical generators. Furthermore, consumables are also reusable in a variety of treatment operations and have a limited usage cycle, both of which contribute to the segment's growth.
Ultrasonic electrosurgical devices find their largest utility in hospitals. The market revenue through hospitals is expected to grow at a CAGR of 6.5% during 2022 and 2032. The significant market growth through this segment is attributable to the factors like rising chronic diseases, increasing surgical procedures, and rising kidney and liver transplants. Furthermore, the rising availability of qualified medical professionals is driving segment growth.
The leading players in the Ultrasonic Electrosurgical Devices Market are increasing their Research and Development spending to fund the development of strategically advanced offerings. Furthermore, government funding, rising surgical procedures, technological advancements, advancing regulatory approvals, mergers and acquisitions, and a diverse product portfolio have contributed to the competitive environment in the market. To maintain their dominance in the global market of Ultrasonic Electrosurgical Devices Market, the leading players are projected to benefit from new product releases and the expansion of current operations in the untapped international market.
The key competitors in the Ultrasonic Electrosurgical Devices Market are Ethicon Endo-Surgery, Olympus Corporation, Medtronic, Misonix Inc., BOWA-electronic GmbH, Söring GmbH, Advanced Instrumentations, Reach Surgical, ITALIA MEDICA SRL, SonaCare Medical, and Miconvey.
The recent developments in the Global Ultrasonic Electrosurgical Devices Market are as follows:
Similarly, recent developments related to companies offering Ultrasonic Electrosurgical Devices have been tracked by the team at Future Market Insights, which are available in the full report.
In 2021, the market was valued at US$ 4.2 billion and is expected to reach US$ 4.5 billion by the end of 2022.
The market is anticipated to grow at a CAGR of 6.1% during the forecast period. It will be valued at US$ 8 Billion by the end of 2032.
The global Ultrasonic Electrosurgical Devices Market is expected to register an absolute dollar opportunity of US$ 3.5 Billion between 2022 and 2032, growing at a CAGR of 6.1%.
The key players operating in the Global Ultrasonic Electrosurgical Devices Market are Ethicon Endo-Surgery, Olympus Corporation, Medtronic, Misonix Inc., BOWA-electronic GmbH, Söring GmbH, Advanced Instrumentations, Reach Surgical, ITALIA MEDICA SRL, SonaCare Medical, and Miconvey.
1. Executive Summary | Ultrasonic Electrosurgical Devices Market 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage 2.2. Market Definition 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Devices 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Million) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background 4.1. Market, by Key Countries 4.2. Market Opportunity Assessment (US$ Million) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Growth in Automation, By Country 4.5.3. Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6.1. Historical Market Analysis, 2017 to 2021 6.2. Current and Future Market Projections, 2022 to 2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Product Type, 2017 to 2021 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Product Type, 2022 to 2032 8.3.1. Generators 8.3.2. Consumables 8.4. Market Attractiveness Analysis By Product Type 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Application, 2017 to 2021 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2022 to 2032 9.3.1. Cardiology 9.3.2. Gynecology 9.3.3. General Surgery 9.3.4. Urology 9.3.5. Bariatric Surgery 9.3.6. Other Applications 9.4. Market Attractiveness Analysis By Application 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) Analysis By End-use, 2017 to 2021 10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End-use, 2022 to 2032 10.3.1. Hospitals 10.3.2. Ambulatory Surgical Centers 10.3.3. Other End-uses 10.4. Market Attractiveness Analysis By End-use 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) Analysis By Type, 2017 to 2021 11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Type, 2022 to 2032 11.3.1. High-intensity Focused(HIFU) Ablators 11.3.2. Magnetic Resonance-guided Focused (MRGFUS) Ablators 11.3.3. Surgical Ablation Systems 11.3.4. Shock Wave Therapy Systems 11.4. Market Attractiveness Analysis By Type 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 12.1. Introduction 12.2. Historical Market Size (US$ Million) Analysis By Region, 2017 to 2021 12.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. Asia Pacific 12.3.5. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 13.4.1. By Country 13.4.1.1. United States of America 13.4.1.2. Canada 13.4.1.3. Rest of North America 13.4.2. By Product Type 13.4.3. By Application 13.4.4. By Type 13.4.5. By End-use 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Product Type 13.5.3. By Application 13.5.4. By Type 13.5.5. By End-use 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Product Type 14.4.3. By Application 14.4.4. By Type 14.4.5. By End-use 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Product Type 14.5.3. By Application 14.5.4. By Type 14.5.5. By End-use 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. France 15.4.1.3. United Kingdom 15.4.1.4. Italy 15.4.1.5. Benelux 15.4.1.6. Nordic Countries 15.4.1.7. Rest of Europe 15.4.2. By Product Type 15.4.3. By Application 15.4.4. By Type 15.4.5. By End-use 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product Type 15.5.3. By Application 15.5.4. By Type 15.5.5. By End-use 16. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.1.4. Rest of Asia Pacific 16.4.2. By Product Type 16.4.3. By Application 16.4.4. By Type 16.4.5. By End-use 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Product Type 16.5.3. By Application 16.5.4. By Type 16.5.5. By End-use 17. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 17.4.1. By Country 17.4.1.1. GCC Countries 17.4.1.2. South Africa 17.4.1.3. Turkey 17.4.1.4. Rest of Middle East and Africa 17.4.2. By Product Type 17.4.3. By Application 17.4.4. By Type 17.4.5. By End-use 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Product Type 17.5.3. By Application 17.5.4. By Type 17.5.5. By End-use 18. Key Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. US Market Analysis 18.2.1. Value Proportion Analysis by Market Taxonomy 18.2.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.2.2.1. By Product Type 18.2.2.2. By Application 18.2.2.3. By Type 18.2.2.4. By End-use 18.3. Canada Market Analysis 18.3.1. Value Proportion Analysis by Market Taxonomy 18.3.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.3.2.1. By Product Type 18.3.2.2. By Application 18.3.2.3. By Type 18.3.2.4. By End-use 18.4. Mexico Market Analysis 18.4.1. Value Proportion Analysis by Market Taxonomy 18.4.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.4.2.1. By Product Type 18.4.2.2. By Application 18.4.2.3. By Type 18.4.2.4. By End-use 18.5. Brazil Market Analysis 18.5.1. Value Proportion Analysis by Market Taxonomy 18.5.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.5.2.1. By Product Type 18.5.2.2. By Application 18.5.2.3. By Type 18.5.2.4. By End-use 18.6. Germany Market Analysis 18.6.1. Value Proportion Analysis by Market Taxonomy 18.6.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.6.2.1. By Product Type 18.6.2.2. By Application 18.6.2.3. By Type 18.6.2.4. By End-use 18.7. France Market Analysis 18.7.1. Value Proportion Analysis by Market Taxonomy 18.7.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.7.2.1. By Product Type 18.7.2.2. By Application 18.7.2.3. By Type 18.7.2.4. By End-use 18.8. Italy Market Analysis 18.8.1. Value Proportion Analysis by Market Taxonomy 18.8.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.8.2.1. By Product Type 18.8.2.2. By Application 18.8.2.3. By Type 18.8.2.4. By End-use 18.9. BENELUX Market Analysis 18.9.1. Value Proportion Analysis by Market Taxonomy 18.9.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.9.2.1. By Product Type 18.9.2.2. By Application 18.9.2.3. By Type 18.9.2.4. By End-use 18.10. UK Market Analysis 18.10.1. Value Proportion Analysis by Market Taxonomy 18.10.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.10.2.1. By Product Type 18.10.2.2. By Application 18.10.2.3. By Type 18.10.2.4. By End-use 18.11. Nordic Countries Market Analysis 18.11.1. Value Proportion Analysis by Market Taxonomy 18.11.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.11.2.1. By Product Type 18.11.2.2. By Application 18.11.2.3. By Type 18.11.2.4. By End-use 18.12. China Market Analysis 18.12.1. Value Proportion Analysis by Market Taxonomy 18.12.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.12.2.1. By Product Type 18.12.2.2. By Application 18.12.2.3. By Type 18.12.2.4. By End-use 18.13. Japan Market Analysis 18.13.1. Value Proportion Analysis by Market Taxonomy 18.13.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.13.2.1. By Product Type 18.13.2.2. By Application 18.13.2.3. By Type 18.13.2.4. By End-use 18.14. South Korea Market Analysis 18.14.1. Value Proportion Analysis by Market Taxonomy 18.14.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.14.2.1. By Product Type 18.14.2.2. By Application 18.14.2.3. By Type 18.14.2.4. By End-use 18.15. GCC Countries Market Analysis 18.15.1. Value Proportion Analysis by Market Taxonomy 18.15.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.15.2.1. By Product Type 18.15.2.2. By Application 18.15.2.3. By Type 18.15.2.4. By End-use 18.16. South Africa Market Analysis 18.16.1. Value Proportion Analysis by Market Taxonomy 18.16.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.16.2.1. By Product Type 18.16.2.2. By Application 18.16.2.3. By Type 18.16.2.4. By End-use 18.17. Turkey Market Analysis 18.17.1. Value Proportion Analysis by Market Taxonomy 18.17.2. Value Analysis and Forecast by Market Taxonomy, 2017-2032 18.17.2.1. By Product Type 18.17.2.2. By Application 18.17.2.3. By Type 18.17.2.4. By End-use 18.17.3. Competition Landscape and Player Concentration in the Country 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Market Presence Analysis 19.4.1. By Regional footprint of Players 19.4.2. Product footprint by Players 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Ethicon - Endo-Surgery 20.3.1.1. Overview 20.3.1.2. Product Portfolio 20.3.1.3. Sales Footprint 20.3.1.4. Strategy Overview 20.3.2. Olympus Corporation 20.3.2.1. Overview 20.3.2.2. Product Portfolio 20.3.2.3. Sales Footprint 20.3.2.4. Strategy Overview 20.3.3. Medtronic 20.3.3.1. Overview 20.3.3.2. Product Portfolio 20.3.3.3. Sales Footprint 20.3.3.4. Strategy Overview 20.3.4. Misonix Inc. 20.3.4.1. Overview 20.3.4.2. Product Portfolio 20.3.4.3. Sales Footprint 20.3.4.4. Strategy Overview 20.3.5. BOWA-electronic GmbH 20.3.5.1. Overview 20.3.5.2. Product Portfolio 20.3.5.3. Sales Footprint 20.3.5.4. Strategy Overview 20.3.6. Söring GmbH 20.3.6.1. Overview 20.3.6.2. Product Portfolio 20.3.6.3. Sales Footprint 20.3.6.4. Strategy Overview 20.3.7. Advanced Instrumentations 20.3.7.1. Overview 20.3.7.2. Product Portfolio 20.3.7.3. Sales Footprint 20.3.7.4. Strategy Overview 20.3.8. Reach Surgical 20.3.8.1. Overview 20.3.8.2. Product Portfolio 20.3.8.3. Sales Footprint 20.3.8.4. Strategy Overview 20.3.9. ITALIA MEDICA SRL 20.3.9.1. Overview 20.3.9.2. Product Portfolio 20.3.9.3. Sales Footprint 20.3.9.4. Strategy Overview 20.3.10. SonaCare Medical 20.3.10.1. Overview 20.3.10.2. Product Portfolio 20.3.10.3. Sales Footprint 20.3.10.4. Strategy Overview 21. Assumptions and Acronyms Used 22. Research Methodology
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Ultrasonic Electrosurgical Devices Market
