PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555741
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555741
Electrosurgery Devices Market size was valued at USD 6,679.21 Million in 2023, expanding at a CAGR of 3.70% from 2024 to 2032.
Electrosurgery devices use high-frequency electrical currents to cut, coagulate, or remove tissue during surgical procedures. They work by converting electrical energy into thermal energy, which helps in precise surgical operations. These devices can be used for a range of procedures, from minor skin lesions to major surgeries.
Electrosurgery Devices Market- Market Dynamics
Rising demand for outpatient surgery and increasing demand from surgical procedures are expected to propel market demand
The shift towards outpatient and same-day discharge procedures increases the use of electrosurgery devices, as these procedures often require efficient, quick, and effective surgical solutions. The rise in both elective and emergency surgical procedures globally is fueling the demand for electrosurgery devices. Factors contributing to this increase include an aging population, the prevalence of chronic diseases, and advancements in minimally invasive surgical techniques. The integration of electrosurgery devices with other advanced technologies, such as imaging systems and surgical navigation tools, enhances their utility and appeal in modern surgical settings. Thus, tech innovations are expected to play a vital role in market growth.
Innovations in electrosurgery technology, such as improved electrode designs, integration with robotic systems, and enhanced safety features, drive market growth. Developments like advanced energy delivery systems and multifunctional devices make procedures more efficient and precise. Further, the increasing prevalence of lifestyle-related diseases, such as obesity and diabetes, which often require surgical interventions, boosts the demand for effective electrosurgery devices.
Electrosurgery Devices Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.70% over the forecast period (2024-2032)
Based on Product segmentation, active electrodes segment was predicted to show maximum market share in the year 2023, due to their high use during electrosurgical handpieces, surgery, etc.
Based on Method segmentation, bipolar segment was the leading Method in 2023, due to high efficiency offered by bipolar technology.
Based on End User segmentation, hospital segment was the leading End User segment in 2023, due to high adoption of electrosurgery devices in hospitals for surgical & tissue joining treatment.
On the basis of region, North America was the leading revenue generator in 2023, due to the presence of multiple surgical centers as well as advanced hospital facilities.
The Global Electrosurgery Devices Market is segmented on the basis of Product, Method, End User, and Region.
The market is divided into four categories based on Product: active electrodes, electrosurgical generators, dispersive electrodes, and others. The active electrodes segment dominates the market. The growing application in tissue surgery, support in coagulation, cutting is contributing to segment growth.
The market is divided into two categories based on Method: monopolar and bipolar. The bipolar segment dominates the market. The bipolar method helps to direct flow towards specific tissues and does not harm other tissues.
The market is divided into three categories based on End User: hospital, ambulatory surgical centers, and others. The hospital segment dominates the market and is expected to maintain its high dominance during the forecast period. The growing utilization of surgical equipment in hospital medical facilities is boosting segment growth.
Electrosurgery Devices Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America, primarily the United States, is a leading market for electrosurgery devices. In Asia Pacific, there is high growth potential, challenges such as varied regulatory standards and economic disparities across the region affect market dynamics. The Middle East and Africa are emerging markets for electrosurgery devices, with growth driven by improving healthcare infrastructure and rising awareness of advanced surgical technologies. There are significant disparities in healthcare development within the region, with the Gulf Cooperation Council (GCC) countries showing more rapid adoption.
The electrosurgery devices market is highly competitive, with numerous companies actively engaged in developing and marketing advanced products. Companies are investing heavily in research and development to introduce new technologies and integrate electrosurgery with other advanced surgical systems, such as robotic surgery and digital imaging. For example, Olympus Corporation has focused on integrating advanced imaging technologies with electrosurgery to enhance the precision and control of surgical procedures. They are also investing in digital solutions to improve workflow and surgical outcomes. Large companies are targeting emerging markets in Asia-Pacific, Latin America, and the Middle East to capitalize on growing healthcare infrastructure and increasing surgical procedures.
In June 2023, Olympus Corporation announced the launch of ESG-410. It is an electrosurgical generator that is expected to increase the efficiencies of product.
In April 2023, Innoblative Designs received Breakthrough Device Designation from US FDA for SIRA RFA Electrosurgical Device (SIRA).