Global Electrosurgery Market Report

Global Electrosurgery Market, By Product (Electrosurgical Instruments, Electrosurgical Generators, Electrosurgical Accessories, Smoke Evacuation Systems), By Surgery Type (General Surgery, Obstetrics/Gynecology Surgery, Orthopedic Surgery, Cardiovascular Surgery, Oncological Surgery, Cosmetic Surgery, Urological Surgery, Neurosurgery, Others), By End User (Hospitals, Clinics & Ablation Centers, Ambulatory Surgical Centers, Research Laboratories & Academic Institutes), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: July 2021
  • Report ID: BWC21409
  • Available Format: PDF
  • Page: 143

Report Overview

Electrosurgery is a medical procedure in which high-frequency electric currents are passed through the human body. A heated metal wire electrode is used in this kind of surgical procedure to destroy specific tissues or coagulate small blood vessels.

Global Electrosurgery Market- Industry Trends & Forecast Report 2027

The global electrosurgery market was worth USD 6.8 billion in 2020 and is further projected to reach USD 9.8 billion by the year 2027, growing at the CAGR of 5.5% in the forecast period. Most people may not even be aware that electrosurgery is used in 80% of all surgeries today. The surging demand for minimally invasive surgeries along with the various technological advancements in the electrosurgical arena are the major factors influencing the overall growth of the electrosurgery market worldwide. Furthermore, increasing healthcare and ambulatory surgery centers are also estimated to boost the market in the forecast period.

 

 

Source: BlueWeave Consulting

Global Electrosurgery Market- Overview

Electrosurgery is a medical procedure in which high-frequency electric currents are passed through the human body. A heated metal wire electrode is used in this kind of surgical procedure to destroy specific tissues or coagulate small blood vessels. Various electrosurgery products or equipment are used for surgical cutting or preventing bleeding during surgical procedures. Since the advent of electrosurgery devices, its application has been expanded to a wide range of surgical specialties mainly because of its advantages, such as the ability to make precise cuts with minimal blood loss. There are various types of electrosurgery devices available in the market such as electrodes, cords, generators, etc.

Global Electrosurgery Market Forecast and Trends

Growth Drivers

Surging Demand for Minimally Invasive Surgeries

The demand for minimally invasive surgeries has surged over the past few years due to the rising awareness and the safety it has to offer and high chances of success. In the US alone, the number of surgical procedures went up by 50%. This rise in demand for minimally invasive surgeries is significantly impacting the growth of electrosurgery devices and instruments. Advanced electrosurgical instruments are increasingly being used in laparoscopic surgeries as they are less complicated and eases complex surgical procedures.

Technological Advancements Electrosurgery Products

The market players invest a significant amount towards innovating and advancing their product line of electrosurgery devices and equipment. They are also working on narrowing the price gap of these products which is expected to boost the demand for these electrosurgery products, especially in developing countries. For instance, Argon enhancement systems have enabled new advances in electrosurgical devices, including a coagulation system that is quick, efficient, thinner, and more precise, while causing less tissue damage. Also, Olympus, a global medical and surgical products manufacturer, was in news for launching ESG-150 Electrosurgery Generator. This generator is capable of supplying high-frequency electrical currents to endoscopic devices. Moreover, many prominent market players are coming up with innovative ways, such as burn protection systems, for reducing the complications of electrosurgery.

Restraints

Lack of Skilled Healthcare Professionals to Perform Electrosurgery Procedure

An electrosurgery procedure is a complicated surgical process that requires sharp skills to perform. However, the lack of skilled healthcare professionals who can execute this type of surgery is very limited, especially in emerging economies. The adoption of electrosurgery devices is very restrictive in developing countries due to a lack of awareness and resources. Due to this, qualified professionals who can perform electrosurgery often migrate to developed countries to get their skills into use. Consequently, this creates a shortage of healthcare professionals due to which the demand for electrosurgery procedures could not be met. These are some of the factors restricting the growth of the electrosurgery devices market.

Impact of COVID-19 on Global Electrosurgery Market

The surging COVID-19 cases have burdened healthcare facilities all around the world. This resulted in the postponement of all the elective and non-emergency services to save the healthcare personnel and resources for the treatment of COVID-19-infected patients. Throughout the first wave of COVID-19, several surgeries were canceled, including general surgeries, orthopedic surgeries, and more. Due to this, electrosurgery devices and instruments witnessed a sudden drop in demand. However, the global electrosurgery market is projected to flourish in the post-COVID-19 period all postponed surgeries will resume and new surgeries will also be scheduled.

Global Electrosurgery Market - By Product

Based on products, the global electrosurgery market is categorized into electrosurgical instruments, electrosurgical generators, electrosurgical accessories, and smoke evacuation systems. The demand for electrosurgical instruments is very prominent in the market because of the surging demand for minimally invasive surgeries. The high use of disposable electrosurgical instruments for ensuring the safety of the patients is contributing to the growth of the global electrosurgery market. This segment can further be classified into bipolar electrosurgical instruments and monopolar electrosurgical instruments. As bipolar electrosurgical instruments become more and more popular, the demand for them is rapidly growing. These types of instruments do not need dispersive electrodes to function. Because bipolar instruments have a longer life cycle, they are becoming more popular in minimally invasive surgical procedures.

Global Electrosurgery Market - By Surgery Type

Based on surgery type, the global electrosurgery market is segmented into general surgery, obstetrics/gynecology surgery, orthopedic surgery, cardiovascular surgery, oncological surgery, cosmetic surgery, urological surgery, neurosurgery, and others. Among these, the general surgery segment holds the largest market share. This type of surgery is performed for the treatment of diseases around the breast, head, and neck, blood vessels, digestive tract, etc. A growing geriatric population has caused general surgery demand to surge several times, which in turn has led to an increase in demand for electrosurgery.

Global Electrosurgery Market - By End-User

Based on end-users, the global electrosurgery market is categorized into hospitals, clinics & ablation centers, ambulatory surgical centers, research laboratories & academic institutes. The hospital segment dominates the market because a large percentage of patients approach hospitals for receiving various surgeries which are propelling the demand for electrosurgery devices. Furthermore, the surging demand for minimally invasive surgeries and an increasing number of hospitals because of healthcare infrastructure development in the emerging economies are also propelling the demand for electrosurgery devices.

Global Electrosurgery Market - Regional Insights

 

Geographically, the global electrosurgery market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America accounted for the largest market share among all regions and is likely to maintain its dominance even during the forecast period. The high adoption of technologically advanced medical devices because of the developed healthcare infrastructure is one of the prominent reasons for the dominance of the regions. Furthermore, a large patient pool with accessible healthcare services also propels the demand for electrosurgery devices in North America. The similar factors also influence the electrosurgery market in the European region as well which covers a substantial share in the market.

Competitive Landscape

The leading market players in the global electrosurgery market are Zimmer Biomet Holdings, Inc., Medtronic, Kirwan Surgical Products LLC, Olympus Corporation, Coopersurgical, Inc., Ethicon, Inc., Bowa-Electronic GmbH & Co. KG, Conmed Corporation, KLS Martin, B. Braun Melsungen, Applied Medical Resources Corporation, Apyx Medical Corporation, Erbe Elektromedizin GmbH, Boston Scientific, Smith & Nephew PLC, Surgical Holdings, Utah Medical Products, Inc., Meyer-Haake GmbH, Encision Inc., and other prominent players.

The market is extremely dense and highly concentrated due to the presence of several global and regional industry participants. The key market players consistently focus on innovating and advancing their products to gain a competitive edge. New product launches are also part of their strategy to expand their portfolio and capture larger market shares. Furthermore, the adoption of competitive strategies like partnerships, mergers & acquisitions, joint ventures, and launches are also very prominent in this market.

Recent Developments

l  In June 2021, Ethicon, Inc., a part of Johnson & Johnson, announced the launch of ‘ENSEAL X1 Curved Jaw Tissue Sealer’. It is an advanced bipolar energy device that provides better access to tissues and stronger sealing during various surgical procedures.

l  In April 2021, Erbe Elektromedizin, a German manufacturer and distributor of surgical instruments announced the acquisition of Maxer Endoscopy, endoscopic systems, and instruments for minimally invasive surgeries for undisclosed amounts.

 

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa

Product Service/Segmentation

By Product, By Surgery Type, By End-User, By Region

Key Players

Zimmer Biomet Holdings, Inc., Medtronic, Kirwan Surgical Products LLC, Olympus Corporation, Coopersurgical, Inc., Ethicon, Inc., Bowa-Electronic GmbH & Co. KG, Conmed Corporation, KLS Martin, B. Braun Melsungen, Applied Medical Resources Corporation, Apyx Medical Corporation, Erbe Elektromedizin GmbH, Boston Scientific, Smith & Nephew PLC, Surgical Holdings, Utah Medical Products, Inc., Meyer-Haake GmbH, Encision Inc., and other prominent players.

By Product

Ø  Electrosurgical Instruments

Bipolar Electrosurgical Instruments

Monopolar Electrosurgical Instruments

Ø  Electrosurgical Generators

Ø  Electrosurgical Accessories

Patient Return Electrodes

Cords, Cables, and Adapters

Other Accessories

Ø  Smoke Evacuation Systems

By Surgery Type

Ø  General Surgery

Ø  Obstetrics/Gynecology Surgery

Ø  Orthopedic Surgery

Ø  Cardiovascular Surgery

Ø  Oncological Surgery

Ø  Cosmetic Surgery

Ø  Urological Surgery

Ø  Neurosurgery

Ø  Others

By End-User

Ø  Hospitals, Clinics, & Ablation Centers

Ø  Ambulatory Surgical Centers

Ø  Research Laboratories & Academic Institutes

By Region

Ø  North America

Ø  Europe

Ø  Asia-Pacific (APAC)

Ø  Latin America (LATAM)

Ø  Middle-East & Africa (MEA)

FAQs:

1. What is the current size of the global electrosurgery market?

Answer: The global electrosurgery market reached USD 6.8 billion in 2020.

2. What are the major factors driving the growth of the global electrosurgery market?

Answer: The major factors driving the growth of the global Electrosurgery market are surging demand for minimally invasive surgeries and technological advancements electrosurgery products.

3. Who are the key players in the global electrosurgery market?

Answer: The key players in the global Electrosurgery market are: Zimmer Biomet Holdings, Inc., Medtronic, Kirwan Surgical Products LLC, Olympus Corporation, Coopersurgical, Inc., Ethicon, Inc., Bowa-Electronic GmbH & Co. KG, Conmed Corporation, KLS Martin, B. Braun Melsungen, Applied Medical Resources Corporation, Apyx Medical Corporation, Erbe Elektromedizin GmbH, Boston Scientific, Smith & Nephew PLC, Surgical Holdings, Utah Medical Products, Inc., Meyer-Haake GmbH, Encision Inc., and other prominent players.

4. Which surgery type segment accounted for the largest share in the global electrosurgery market?

Answer: The general surgery segment accounted for the largest share in the global electrosurgery market.

5. Which region is at the highest growth rate in the global electrosurgery market?

Answer: North America has the largest share in the global electrosurgery market.