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.
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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