Global Electrosurgery Market Overview:
Electrosurgery is a procedure that converts electrical energy to heat energy used for various medical purposes, such as stopping the bleeding or destroying abnormal skin growths. Electrosurgery makes use of a high-frequency alternating electric current for thermally killing the tissues. The approach is employed to cut, desiccate or coagulate the tissue at the current application with minimum blood loss and a brief operating period. Electrosurgery is performed for more excellent patient safety and management of difficulties during surgeries. Such kind of surgery is used for performing gynecology, cosmetic, orthopedic, and other surgeries.
Global Electrosurgery Market Insights
The global electrosurgery market size was valued at USD 6.73 billion in 2019 and projected to reach USD 10.02 billion by 2027, growing at a CAGR of 5.1% during the forecast period, 2020-2027. The significant factors are the increasing demand for minimally invasive surgeries and a rise in surgical procedures globally. Additionally, the increase in the prevalence of chronic diseases and the rising geriatric population will spur the global electrosurgery industry in the future periods. Furthermore, the growing number of medical, cosmetic, and age-related surgeries performed is expected to witness remarkable growth of electrosurgery. The increased popularity of cost-effective medical tourism in emerging countries and the rising number of ambulatory surgery centers are expected to propel the demand for electrosurgery over the coming years.
Moreover, the improvements in healthcare systems and growing research activities are positively impacting the market for electrosurgery. Furthermore, the rise in the preferences towards electrosurgery over conventional surgical techniques fuels the demand for the electrosurgery market. The technological advancements in electrosurgical instruments and increased investment in the healthcare sector will bolster the global electrosurgery market share.
Growth Driver
Increase in adoption of minimally invasive surgeries
With surgeries being a vital part of the healthcare sector, an increase in surgeries leads to positive profits in the global electrosurgery market. In accordance with the International Society of Aesthetic Plastic Surgery, {APS} about 11.4 million cosmetic surgeries were conducted globally in 2019, nearly 7.1% higher than the preceding year. The technological advancements in cosmetic surgery have made it safer and less invasive, speedier recovery time, and reduced the cost of procedures. Thus, people have become less concerned and more willing to know and adopt cosmetic surgery as a possible option for altering their physical appearance. Further, electrosurgery is comparatively efficient, causing limited blood loss and significantly reducing the recovery time. These are highly adopted by surgeons across regional markets, fuelling the electrosurgery market revenue during the forecast period. Besides, the demand for minimally invasive surgeries has surged over the past few years due to its rising awareness and safety and more possibilities of success. In the US alone, the figure for surgical procedures goes up by 50%. This rise in the market for minimally invasive surgeries is impacting the growth of electrosurgery devices and instruments.
COVID-19 Impacts Insights
Recently, the outbreak of COVID-19 has vigorously affected the healthcare system of developed and developing countries globally. The increasing COVID-19 cases have burdened healthcare facilities all around the globe. This results in the postponement of elective and non-emergency services to save the healthcare personnel and resources for the treatment of COVID-19-infected patients. Dropped several surgeries throughout the first wave of COVID-19, including general surgeries, orthopedic surgeries, and more; due to this, electrosurgery devices and instruments a sudden decline in demand. However, the global electrosurgery market is assigned to flourish in the post-COVID-19 period; all extended surgeries will be done, and new surgeries will also be held on.
Product Segmental Analysis
The global electrosurgery market is segregated into electrosurgical generators, electrosurgical instruments, and electrosurgical accessories. The electrosurgical instruments segment is estimated to witness the highest growth over the analysis timeframe. It is due to the increased usage volume of reusable and disposable electrosurgical instruments. In addition, the technological advancements in electrosurgical devices and the increasing number of plastic surgeries drive the market.
The electrosurgical generators will grow significantly due to the rising acceptance of electrosurgical devices. In addition, the growing efforts by various manufacturers to develop technologically advanced coronary electrosurgical generators will drive the market demand. Further, the increasing adoption for modern electrosurgical units having combined monopolar/bipolar modes and better product life and the high cost of the product will grow the demand in the market.
Type of Surgery Segmental Analysis
The global electrosurgery market is categorized into general surgery, obstetrics/gynecology surgery, urological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, neurosurgery, oncological surgery, and other surgeries. The obstetrics/gynecology surgery segment held a significant market share in 2019 and will gain maximum market revenue by 2027. It is attributable to the growing prevalence of gynecological diseases across the globe. In addition, factors such as changing dietary habits, reduced physical activity, increased stress levels, and women’s changing lifestyle with the body’s subsequent reaction to the same result in gynecological illnesses. Most of these illnesses are recommended to be treated through a surgical procedure. Hence, the industry demand for electrosurgical devices in gynecology surgeries is estimated to rise during the forecast period.
The cosmetic surgery segment is poised to witness significant growth over the forecast period due to the increasing number of patients undergoing procedures, such as chin augmentation, breast reduction, and augmentation, etc.
End-User Segmental Analysis
Based on the end-user, the global electrosurgery market is segmented into hospitals, clinics, & ablation centers, ambulatory surgical centers, and research laboratories & academic institutes. The hospital segment will dominate the global electrosurgery market by 2027. It is due to the growing number of electrosurgery procedures performed in hospitals. In addition, the rising adoption of advanced imaging modalities to improve workflow efficiency in hospitals and the increasing demand for minimally invasive procedures drives the market.
The ambulatory surgical centers accounted for the largest share of the electrosurgery market in 2019 due to the rising acceptance of electrosurgical devices. Patients in underdeveloped and developing countries rely heavily on inpatient surgeries as exposed to the increasing trend of mobile surgical units in the developed part of the world, which is supposed to drive the market.
Region Segmental Analysis
By geography, the global electrosurgery market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2020-2026. Due to advances in technology, leading industry players offering innovative products, and the growing demand for minimally invasive surgeries.
The Asia Pacific will capture a significant share of the electrosurgery market by 2027. Due to healthcare systems, increasing patient population, and mounting health care expenditures in emerging countries such as India and China.
Competitor Analysis
Companies such as Medtronic, B. Braun Melsungen AG, Olympus Corporation, KLS Martin Group, Ethicon, CONMED Corporation, Ethicon LLC, Applied Medical Resources Corporation, Apex Medical Corporation, Boston Scientific, Smith & Nephew plc, BOWA-electronic GmbH & Co KG, and Elektromedizin GmbH are the key players in the global electrosurgery market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global electrosurgery products manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to electrosurgery
- Regulatory bodies
- Suppliers
- Retailers
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps assess potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a significant effect on the target market.
- Market Segmental Analysis defines an in-depth scenario of the target market by grouping consumers into naturally existing segments of consumers who share similar product preferences or characteristics.
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs, wants, and cultural characteristics that can specifically target.
Market Modelling
By Product
- Electrosurgical Generators
- Electrosurgical Instruments
- Bipolar Electrosurgical Instruments
- Advanced Vessel Sealing instruments
- Bipolar Forceps
- Monopolar Electrosurgical Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgical Accessories
- Patient Return Electrodes
- Cords, Cables, and Adapters
- Other Accessories
By Type of Surgery
- General Surgery
- Obstetrics/Gynecology Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Oncological Surgery
- Other Surgeries
By End-User
- Hospital, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Global Electrosurgery Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Electrosurgery Market Overview
- Market Size & Forecast,2016-2027
- Market Share & Forecast, 2016-2027
- By Product
- Electrosurgical Generators
- Electrosurgical Instruments
- Bipolar Electrosurgical Instruments
- Advanced Vessel Sealing instruments
- Bipolar Forceps
- Monopolar Electrosurgical Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgical Accessories
- Patient Return Electrodes
- Cords, Cables, and Adapters
- Other Accessories
- By Type of Surgery
- General Surgery
- Obstetrics/Gynecology Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Oncological Surgery
- Other Surgeries
- By End-User
- Hospital, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America Electrosurgery Market Overview
- North America Electrosurgery Market Size & Forecast, 2016-2027
- North America Electrosurgery Market Share & Forecast, 2016-2027
- By Product
- Electrosurgical Generators
- Electrosurgical Instruments
- Bipolar Electrosurgical Instruments
- Advanced Vessel Sealing instruments
- Bipolar Forceps
- Monopolar Electrosurgical Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgical Accessories
- Patient Return Electrodes
- Cords, Cables, and Adapters
- Other Accessories
- By Type of Surgery
- General Surgery
- Obstetrics/Gynecology Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Oncological Surgery
- Other Surgeries
- By End-User
- Hospital, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
- By Country
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Electrosurgery Market
- Europe Electrosurgery Market Overview
- Europe Electrosurgery Market Size & Forecast, 2016-2027
- Europe Electrosurgery Market Share & Forecast, 2016-2027
- By Product
- Electrosurgical Generators
- Electrosurgical Instruments
- Bipolar Electrosurgical Instruments
- Advanced Vessel Sealing instruments
- Bipolar Forceps
- Monopolar Electrosurgical Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgical Accessories
- Patient Return Electrodes
- Cords, Cables, and Adapters
- Other Accessories
- By Type of Surgery
- General Surgery
- Obstetrics/Gynecology Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Oncological Surgery
- Other Surgeries
- By End-User
- Hospital, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Electrosurgery Market
- Asia Pacific Electrosurgery Market Overview
- Asia Pacific Electrosurgery Market Size & Forecast, 2016-2027
- Asia Pacific Electrosurgery Market Share & Forecast, 2016-2027
- By Product
- Electrosurgical Generators
- Electrosurgical Instruments
- Bipolar Electrosurgical Instruments
- Advanced Vessel Sealing instruments
- Bipolar Forceps
- Monopolar Electrosurgical Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgical Accessories
- Patient Return Electrodes
- Cords, Cables, and Adapters
- Other Accessories
- By Type of Surgery
- General Surgery
- Obstetrics/Gynecology Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Oncological Surgery
- Other Surgeries
- By End-User
- Hospital, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Electrosurgery Market
- South America Electrosurgery Market Overview
- South America Electrosurgery Market Size & Forecast, 2016-2027
- South America Electrosurgery Market Share & Forecast,2016-2027
- By Product
- Electrosurgical Generators
- Electrosurgical Instruments
- Bipolar Electrosurgical Instruments
- Advanced Vessel Sealing instruments
- Bipolar Forceps
- Monopolar Electrosurgical Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgical Accessories
- Patient Return Electrodes
- Cords, Cables, and Adapters
- Other Accessories
- By Type of Surgery
- General Surgery
- Obstetrics/Gynecology Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Oncological Surgery
- Other Surgeries
- By End-User
- Hospital, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Electrosurgery Market
- Middle East & Africa Electrosurgery Market Overview
- Middle East & Africa Electrosurgery Market Size & Forecast, 2016-2027
- Middle East & Africa Electrosurgery Market Share & Forecast, 2016-2027
- By Product
- Electrosurgical Generators
- Electrosurgical Instruments
- Bipolar Electrosurgical Instruments
- Advanced Vessel Sealing instruments
- Bipolar Forceps
- Monopolar Electrosurgical Instruments
- Electrosurgical Pencils
- Electrosurgical Electrodes
- Suction Coagulators
- Monopolar Forceps
- Electrosurgical Accessories
- Patient Return Electrodes
- Cords, Cables, and Adapters
- Other Accessories
- By Type of Surgery
- General Surgery
- Obstetrics/Gynecology Surgery
- Urological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Cosmetic Surgery
- Neurosurgery
- Oncological Surgery
- Other Surgeries
- By End-User
- Hospital, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Electrosurgery Market
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Medtronic
- Braun Melsungen AG
- Olympus Corporation
- KLS Martin Group
- Ethicon, CONMED Corporation
- Ethicon LLC
- Applied Medical Resources Corporation
- Apyx Medical Corporation
- Boston Scientific
- Smith & Nephew plc
- BOWA-electronic GmbH & Co KG
- Elektromedizin GmbH
- Other Prominent Players