Electrosurgical Devices Market Size, Share & Trends Analysis Report By Method (Monopolar, Bipolar), By Product (Electrosurgical Generators, Active Electrodes, Dispersive Electrodes), By Region, And Segment Forecasts, 2024

Description

Electrosurgical Devices Market Growth & Trends:

The global electrosurgical devices market size is estimated to reach USD 8.51 billion by 2030, expanding at a CAGR of 3.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Shifting focus of surgeons from conventional surgical procedures toward minimally invasive procedures, such as electrosurgery, and growing competition amongst the participants have high impact on the market's growth. Entry of local companies in the developing regions is expected to fuel the global market due to availability of affordable equipment.

Electrosurgeries are preferred over conventional procedures owing to advantages such as improved safety and ease of use. These advantages enable the use of such surgeries in sensitive procedures such as those related to neurology and ophthalmology. Electrosurgery is being used in various disciplines, such as gynecology, urology, gastroenterology, and general surgery. In addition, latest electrosurgical equipment enables the performance of procedures outside the operating room. Thus, the demand for these equipment is expected to rise in various disciplines during the forecast period. The growth is expected to experience impediment due to factors such as lack of skilled professionals and high price of the devices. Furthermore, most of the electrosurgical devices are categorized as Class III devices, which take considerably longer time for approval.

Electrosurgical Devices Market Report Highlights:

The study suggests that bipolar segment captured the largest share in 2023 and is expected to dominate throughout the forecast period
Growing preference for bipolar electrosurgical devices over monopolar is a result of the advantages of the former, such as safe to use, convenience, and affordable prices. Monopolar equipment is still being used in minor surgeries and has the advantage of easy tissue cutting over bipolar equipment.
Active electrode segment captured the largest share in 2023 and is expected to witness highest growth rate as compared to other products
The introduction of innovative and technologically advanced electrodes and growing trends of using disposable electrodes are the factors driving the segment growth
North America dominated in 2023, with the U.S. capturing the largest share
Presence of a large number of players and high adoption rate of advanced medical devices are the factors driving growth in North America

Product Code: GVR-1-68038-407-9

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Global Electrosurgical Devices Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Global Electrosurgical Devices Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Global Electrosurgical Devices Market: Method Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Global Electrosurgical Devices Market: Method Movement Analysis, 2023 & 2030 (USD Billion)
4.3. Monopolar
- 4.3.1. Monopolar Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Bipolar
- 4.4.1. Bipolar Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 5. Global Electrosurgical Devices Market: Product Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Global Electrosurgical Devices Market: Product Movement Analysis, 2023 & 2030 (USD Billion)
5.3. Electrosurgical Generators
- 5.3.1. Electrosurgical Generators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Active Electrodes
- 5.4.1. Active Electrodes Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5. Dispersive Electrodes
- 5.5.1. Dispersive Electrodes Processing (NLP) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.6. Other Accessories
- 5.6.1. Other Accessories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 6. Global Electrosurgical Devices Market: Regional Estimates & Trend Analysis

6.1. Global Electrosurgical Devices Market Share, By Region, 2023 & 2030, USD Billion
6.2. North America
- 6.2.1. North America Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.3. Canada
  - 6.2.3.1. Canada Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3. Europe
- 6.3.1. Europe Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.2. U.K.
  - 6.3.2.1. U.K. Global Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.3. Germany
  - 6.3.3.1. Germany Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.4. Italy
  - 6.3.4.1. Italy Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.5. Spain
  - 6.3.5.1. Spain Global Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.6. Denmark
  - 6.3.6.1. Denmark Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.7. Sweden
  - 6.3.7.1. Sweden Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.8. Norway
  - 6.3.8.1. Norway Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.9. France
  - 6.3.9.3. France Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.2. China
  - 6.4.2.1. China Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.3. Japan
  - 6.4.3.1. Japan Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.4. India
  - 6.4.4.1. India Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.5. South Korea
  - 6.4.5.1. South Korea Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.6. Australia
  - 6.4.6.1. Australia Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.7. Thailand
  - 6.4.7.1. Thailand Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Latin America
- 6.5.1. Latin America Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5.3. Argentina
  - 6.5.3.1. Argentina Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.2. Saudi Arabia
  - 6.6.2.1. Saudi Arabia Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.3. UAE
  - 6.6.3.1. UAE Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.4. South Africa
  - 6.6.4.1. South Africa Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.5. Kuwait
  - 6.6.5.1. Kuwait Electrosurgical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. B. Braun Melsungen AG
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Boston Scientific Corporation
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Bovie Medical Corporation
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. BOWA-electronic GmbH & Co. KG.
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. CONMED Corporation
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Erbe Elektromedizin GmbH
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Johnson & Johnson
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Medtronic
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Olympus Corporation
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Smith & Nephew Plc.
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/ Strategic Initiatives
- 7.4.11. Innoblative Designs.
  - 7.4.11.1. Participant's Overview
  - 7.4.11.2. Financial Performance
  - 7.4.11.3. Product Benchmarking
  - 7.4.11.4. Recent Developments/ Strategic Initiatives

Electrosurgical Devices Market Size, Share & Trends Analysis Report By Method (Monopolar, Bipolar), By Product (Electrosurgical Generators, Active Electrodes, Dispersive Electrodes), By Region, And Segment Forecasts, 2024 - 2030