PUBLISHER: The Business Research Company | PRODUCT CODE: 1546472
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546472
An electrosurgical generator is a vital medical device used during surgical procedures to apply high-frequency electrical currents to tissue via attached surgical instruments such as cautery electrodes or surgical blades. These generators are essential across various surgical specialties for tasks such as cutting, coagulating (stopping bleeding), desiccating (drying tissue), and fulgurating (destroying tissue).
The primary types of electrosurgical generators include monopolar and bipolar systems. A monopolar electrosurgical generator employs a single active electrode to deliver electrical current through the patient's tissue, necessitating a return electrode pad to complete the circuit. This type of generator finds applications in fields such as cardiology, gynecology, general surgery, urology, and bariatric surgery. They are utilized by end-users including hospitals, ambulatory surgical centers, clinics, and other medical facilities.
The electrosurgical generator market research report is one of a series of new reports from The Business Research Company that provides electrosurgical generator market statistics, including the electrosurgical generator industry's global market size, regional shares, competitors with electrosurgical generator market share, detailed electrosurgical generator market segments, market trends and opportunities, and any further data you may need to thrive in the electrosurgical generator industry. This electrosurgical generator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The electrosurgical generator market size has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth during the historic period can be attributed to several factors, including an increase in surgical procedures worldwide, the growing population of elderly individuals requiring surgical interventions, stringent regulations promoting the adoption of safe and effective electrosurgical devices, a rise in aesthetic procedures contributing to market expansion, and advancements in electrosurgical generator technologies that enhance precision and safety in surgical settings.
The electrosurgical generator market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. During the forecast period, growth is anticipated due to several factors. These include the integration of electrosurgical generators with robotic surgical systems to improve surgical outcomes, expansion into developing regions with improved healthcare infrastructure, the rise of outpatient facilities leading to increased demand for compact and efficient electrosurgical equipment, the need for cost-effective solutions prompting innovation in electrosurgical generator design, and the incorporation of artificial intelligence (AI) and machine learning in electrosurgery to enhance precision and efficiency. Key trends expected during this period include the adoption of robotic surgery, the development of generators with precise energy delivery systems to improve surgical outcomes and minimize tissue damage, a shift towards minimally invasive surgeries, increasing demand for customizable and portable electrosurgical generators, integration of AI and machine learning for automated surgical procedure control and optimization, and advancements in electrosurgical generator functionalities driven by telemedicine platforms and remote surgical capabilities.
The electrosurgical generator market is poised for growth, driven by the increasing adoption of minimally invasive surgeries. These procedures involve specialized instruments and techniques to minimize tissue damage and accelerate recovery, contributing to their rising popularity. Factors such as advancements in medical technology, improved surgical techniques, and patient preferences for less invasive options are fueling the expansion of minimally invasive surgeries. Electrosurgical generators play a pivotal role in these procedures, enabling precise cutting, coagulation, desiccation, or fulguration of tissues to enhance surgical efficiency and minimize bleeding. For example, in 2023, the American Society of Plastic Surgeons reported a 7% increase in minimally invasive surgeries in the USA, underscoring the growing demand driving the electrosurgical generator market.
Leading companies in the electrosurgical generator market are focusing on innovation to enhance surgical precision and efficiency. They are developing advanced solutions such as faster-ignition electrosurgical generators, designed for quicker activation and improved plasma stability during surgeries. For instance, Olympus Corporation launched the ESG-410 in June 2023, a next-generation electrosurgical generator tailored for treating conditions such as bladder cancer and enlarged prostate. It features larger capacitors for enhanced plasma stability, reducing energy requirements and improving efficiency in procedures such as BPH resections. The device includes an 8.4-inch LCD touch screen and offers wireless foot pedal options, providing versatility in treating non-muscle-invasive bladder cancer and benign prostatic hyperplasia.
In October 2022, Aspen Surgical Products Inc. acquired Symmetry Surgical Inc., expanding its portfolio with clinically preferred brands and gaining access to new commercial capabilities. This strategic move strengthens Aspen's presence in the electrosurgical generator market, positioning it to meet the increasing demand for innovative surgical solutions. Symmetry Surgical Inc. specializes in providing electrosurgical generators, aligning with Aspen's goal to broaden its offerings and enhance its market position.
Major companies operating in the electrosurgical generator market are Medtronic PLC, Johnson & Johnson, Becton, Dickinson and Company, Boston Scientific Corporation, B. Braun SE, Olympus Corporation, Smith & Nephew PLC, Stryker Corporation, MKS Instruments Inc., CooperSurgical Inc., KARL STORZ SE & Co. KG, Consolidated Medical Equipment Inc., KLS Martin SE & Co. KG, Megadyne Group, Applied Medical Resources Corporation, Utah Medical Products Inc., Aspen Surgical Products Inc., Kirwan Surgical Products LLC, Xcellance Medical Technologies Private Limited, Erbe Elektromedizin GmbH, US Medical Innovations LLC
North America was the largest region in the electrosurgical generator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrosurgical generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electrosurgical generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electrosurgical generator market consists of sales of advanced energy devices, integrated electrosurgical units, and specialty electrosurgical generators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electrosurgical Generator Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electrosurgical generator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electrosurgical generator ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electrosurgical generator market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.