The rise in minimally invasive surgeries is a key driver for the
global electrosurgical devices market growth, as these
procedures require precise and efficient surgical tools.
WILMINGTON, Del., July 15, 2024 /PRNewswire/ -- The global
electrosurgical devices market stood at US$ 5.9 billion in 2023, and the global
market is projected to reach US$ 10.4
billion in 2034. The electrosurgical devices market
is anticipated to expand at a CAGR of 5.3% between 2024 and
2034.
The global electrosurgical devices market is experiencing
significant growth, primarily driven by the increasing number of
minimally invasive surgeries. These procedures, favored for their
reduced recovery times, lower risk of complications, and shorter
hospital stays, are becoming more prevalent across various medical
specialties, including general surgery, gynecology, urology, and
orthopedics. As a result, the demand for advanced electrosurgical
devices, which offer precision and efficiency in tissue cutting,
coagulation, and ablation, is rising.
Technological advancements and scientific innovations have
played a crucial role in propelling the electrosurgical devices
market. Modern electrosurgical units are now equipped with enhanced
features such as improved energy delivery systems, real-time
monitoring, and feedback mechanisms. These advancements ensure
greater precision and safety during surgical procedures, minimizing
the risk of thermal damage to surrounding tissues.
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Moreover, the aging global population and the rising incidence
of chronic diseases such as cancer, cardiovascular diseases, and
obesity-related conditions are contributing to the increased demand
for surgical interventions, including minimally invasive
techniques. Electrosurgical devices are essential in these
procedures, providing reliable and effective solutions for tissue
management and hemostasis.
However, the electrosurgical devices market faces challenges
such as stringent regulatory requirements and the high cost of
advanced devices, which may hinder market growth to some extent.
Despite these challenges, the ongoing trend towards minimally
invasive surgical procedures and continuous technological
advancements are expected to sustain the positive trajectory of the
electrosurgical devices market in the coming years.
Electrosurgical Devices Market Report
Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2034
|
Base
Year
|
2020-2022
|
Size in 2023
|
US$ 5.9 Bn
|
Forecast (Value) in
2034
|
US$ 10.4 Bn
|
Growth Rate
(CAGR)
|
5.3 %
|
No. of
Pages
|
145
Pages
|
Segments
covered
|
By Product Type, By
Application, By Region, By End-user
|
Key Takeaways of Market Report
- Global electrosurgical devices market to generate absolute
dollar opportunity worth US$ 10.4
billion until 2034.
- Global electrosurgical devices market is valued at US$ 5.9 billion in 2023.
- North America is forecasted to
hold the largest share in 2023.
Electrosurgical Devices Market: Growth Drivers
- The electrosurgical accessories segment is projected to
dominate the global market throughout the forecast period, driven
by several key factors. Accessories such as electrodes, cables, and
patient return electrodes play a crucial role in enhancing the
effectiveness and applicability of electrosurgical procedures.
- Electrosurgical devices are integral to modern surgical
practices due to their ability to provide precise tissue cutting,
coagulation, and hemostasis, thereby minimizing blood loss and
accelerating recovery times.
- The efficiency and reliability of these devices have made them
indispensable in a wide range of surgical specialties, from general
surgery to specialized fields like orthopedics and
dermatology.
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Electrosurgical Devices Market: Regional Landscape
- North America maintained a
significant share of the global electrosurgical devices market in
2023, driven by the high volume of surgical procedures in
the United States. Surgeons in
the United States alone perform
approximately 64 million surgeries annually, covering a wide
spectrum from routine dental procedures to complex open-heart
surgeries.
- This robust surgical activity underscores the strong demand for
advanced electrosurgical devices that offer precise tissue cutting
and coagulation capabilities, thereby driving the market growth in
the region.
- Asia Pacific is poised for
substantial market expansion in the forecast period, fueled by a
surge in surgical procedures driven notably by medical tourism.
Countries in the region, including India, Thailand, and Singapore, are witnessing an increase in
surgical interventions as they attract patients from around the
world seeking cost-effective treatments.
- This rise in surgical volumes is boosting the demand for
electrosurgical devices that enable efficient tissue management and
enhance surgical outcomes, thereby contributing to the growing
revenue of the electrosurgical devices market in Asia Pacific.
Electrosurgical Devices Market: Key Players
- In 2023, CONMED Corporation introduced the Edge™
Electrosurgical Generator System. This innovative system represents
a significant advancement in the field of electrosurgery, offering
enhanced capabilities for precise tissue cutting and
coagulation.
- In 2023, Medtronic expanded its portfolio in the
electrosurgical devices market with the launch of the Valleylab™
FT10 Energy Platform. This platform integrates advanced energy
delivery technologies to enhance surgical precision and safety. The
Valleylab™ FT10 offers surgeons superior control over tissue
management, supporting a wide range of surgical procedures from
routine to complex cases.
Electrosurgical Devices Market: Segmentation
Product Type
- Radiofrequency Electrosurgical Devices
- Monopolar Devices
- Bipolar Devices
- Electrocautery Devices
- Monopolar Devices
- Bipolar Devices
- Electrosurgical Accessories
Application
- General Surgery
- Dermatological Surgery
- Cardiac Surgery
- Orthopedic Surgery
- Gastrointestinal Surgery
- Others
End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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