Global Electrosurgical Devices Market Size Study, by Product Type, by Application, by End-User, and Regional Forecasts 2022-2032

Description

The Global Electrosurgical Devices market, valued at USD 5.9 billion in 2023, is set for substantial growth, with projections estimating the CAGR of 5.3% from 2024 to 2032. Electrosurgical devices are medical instruments used during surgical procedures to cut tissue, coagulate blood vessels, and achieve hemostasis by applying high-frequency electrical currents. These devices work by converting electrical energy into heat, which is then used to perform precise cuts or control bleeding in tissues. Electrosurgical devices are widely utilized in various types of surgeries, including general surgery, gynecology, cardiology, and dermatology.

This growth is propelled by the increasing number of minimally invasive surgeries and technological advancements in surgical procedures. Electrosurgical devices, which facilitate cutting, coagulating, desiccating, or fulgurating living tissue using high-frequency electrical currents, are critical in modern surgical practices due to their precision and ability to minimize blood loss. With innovations in electrosurgery tools and accessories, the market is expanding, driven by the demand for more sophisticated and less invasive surgical options. The rise in the aging population, along with the increasing prevalence of chronic diseases such as cardiovascular conditions, cancer, and diabetes, is driving the demand for surgical procedures globally. Electrosurgical Devices are integral in these scenarios, providing enhanced control and safety compared to traditional surgical tools. Furthermore, advancements in high-frequency electrosurgical generators, which allow surgeons to choose the best waveform for specific tissues, are enhancing the efficiency and precision of surgical procedures, thereby boosting market growth. For instance, innovative disposable bipolar forceps made from unique materials have been developed to reduce tissue adhesion and charring during electrosurgical procedures.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The North American region accounted for a dominating share of the global Electrosurgical Devices market in 2023, with the U.S. leading the region due to its high number of surgical procedures and advanced healthcare infrastructure. Asia Pacific is also expected to witness fastest growth during the forecast period, driven by medical tourism and the availability of high-quality, cost-effective medical treatments. Countries in Asia Pacific are increasingly attracting patients seeking affordable surgical options, thereby contributing to the regional market expansion.

Major market players included in this report are:

STERIS Healthcare
Symmetry Surgical Inc.
CONMED Corporation
Medtronic
Erbe Elektromedizin GMBH
Olympus Corporation
Utah Medical
Advin Health Care
BPL Medical Technologies
ZEISS Medical Technology
Johnson & Johnson
Bovie Medical Corporation
Smith & Nephew plc
Boston Scientific Corporation
Karl Storz SE & Co. KG

The detailed segments and sub-segments of the market are explained below:

By Product Type

Radiofrequency Electrosurgical Devices
Monopolar Devices
Bipolar Devices
Electrocautery Devices
Monopolar Devices
Bipolar Devices
Electrosurgical Accessories

By Application

General Surgery
Dermatological Surgery
Cardiac Surgery
Orthopedic Surgery
Gastrointestinal Surgery
Others

By End-User

Hospitals
Specialty Clinics
Ambulatory Surgical Centers

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2020-2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2024 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Electrosurgical Devices Market Executive Summary

1.1. Global Electrosurgical Devices Market Size & Forecast (2022-2032 )
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Application
- 1.3.3. By End-User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Electrosurgical Devices Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Electrosurgical Devices Market Dynamics

3.1. Market Drivers
- 3.1.1. Technological Advancements in Electrosurgical Devices
- 3.1.2. Rise in Number of Surgical Procedures
3.2. Market Challenges
- 3.2.1. Potential for Complications with Electrosurgical Devices
- 3.2.2. High Cost of Advanced Electrosurgical Equipment
3.3. Market Opportunities
- 3.3.1. Rising Demand for Minimally Invasive Surgeries
- 3.3.2. Expansion of Electrosurgical Applications in Emerging Markets

Chapter 4. Global Electrosurgical Devices Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Electrosurgical Devices Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Electrosurgical Devices Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Radiofrequency Electrosurgical Devices
  - 5.2.1.1. Monopolar Devices
  - 5.2.1.2. Bipolar Devices
- 5.2.2. Electrocautery Devices
  - 5.2.2.1. Monopolar Devices
  - 5.2.2.2. Bipolar Devices
- 5.2.3. Electrosurgical Accessories

Chapter 6. Global Electrosurgical Devices Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Electrosurgical Devices Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. General Surgery
- 6.2.2. Dermatological Surgery
- 6.2.3. Cardiac Surgery
- 6.2.4. Orthopedic Surgery
- 6.2.5. Gastrointestinal Surgery
- 6.2.6. Others

Chapter 7. Global Electrosurgical Devices Market Size & Forecasts by End-User 2022-2032

7.1. Segment Dashboard
7.2. Global Electrosurgical Devices Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Hospitals
- 7.2.2. Specialty Clinics
- 7.2.3. Ambulatory Surgical Centers

Chapter 8. Global Electrosurgical Devices Market Size & Forecasts by Region 2022-2032

8.1. North America Electrosurgical Devices Market
- 8.1.1. U.S. Electrosurgical Devices Market
  - 8.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End-User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Electrosurgical Devices Market
8.2. Europe Electrosurgical Devices Market
- 8.2.1. U.K. Electrosurgical Devices Market
- 8.2.2. Germany Electrosurgical Devices Market
- 8.2.3. France Electrosurgical Devices Market
- 8.2.4. Spain Electrosurgical Devices Market
- 8.2.5. Italy Electrosurgical Devices Market
- 8.2.6. Rest of Europe Electrosurgical Devices Market
8.3. Asia-Pacific Electrosurgical Devices Market
- 8.3.1. China Electrosurgical Devices Market
- 8.3.2. India Electrosurgical Devices Market
- 8.3.3. Japan Electrosurgical Devices Market
- 8.3.4. Australia Electrosurgical Devices Market
- 8.3.5. South Korea Electrosurgical Devices Market
- 8.3.6. Rest of Asia Pacific Electrosurgical Devices Market
8.4. Latin America Electrosurgical Devices Market
- 8.4.1. Brazil Electrosurgical Devices Market
- 8.4.2. Mexico Electrosurgical Devices Market
- 8.4.3. Rest of Latin America Electrosurgical Devices Market
8.5. Middle East & Africa Electrosurgical Devices Market
- 8.5.1. Saudi Arabia Electrosurgical Devices Market
- 8.5.2. South Africa Electrosurgical Devices Market
- 8.5.3. Rest of Middle East & Africa Electrosurgical Devices Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. STERIS Healthcare
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Symmetry Surgical Inc.
- 9.3.3. CONMED Corporation
- 9.3.4. Medtronic
- 9.3.5. Erbe Elektromedizin GMBH
- 9.3.6. Olympus Corporation
- 9.3.7. Utah Medical
- 9.3.8. Advin Health Care
- 9.3.9. BPL Medical Technologies
- 9.3.10. ZEISS Medical Technology
- 9.3.11. Johnson & Johnson
- 9.3.12. Bovie Medical Corporation
- 9.3.13. Smith & Nephew plc
- 9.3.14. Boston Scientific Corporation
- 9.3.15. Karl Storz SE & Co. KG

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes