Global Electrosurgery Market Report
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Global Electrosurgery Market, By Product (Electrosurgical Instruments, Electrosurgical Generators, Electrosurgical Accessories, Smoke Evacuation Systems), By Surgery Type (General Surgery, Obstetrics/Gynecology Surgery, Orthopedic Surgery, Cardiovascular Surgery, Oncological Surgery, Cosmetic Surgery, Urological Surgery, Neurosurgery, Others), By End User (Hospitals, Clinics & Ablation Centers, Ambulatory Surgical Centers, Research Laboratories & Academic Institutes), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: July 2021
- Report ID: BWC21409
- Available Format: PDF
- Page: 143
Report Overview
Electrosurgery is a medical procedure in which high-frequency electric currents are passed through the human body. A heated metal wire electrode is used in this kind of surgical procedure to destroy specific tissues or coagulate small blood vessels.
Global Electrosurgery Market- Industry Trends & Forecast Report 2027
The global electrosurgery market was worth USD 6.8 billion in 2020 and is further projected to reach USD 9.8 billion by the year 2027, growing at the CAGR of 5.5% in the forecast period. Most people may not even be aware that electrosurgery is used in 80% of all surgeries today. The surging demand for minimally invasive surgeries along with the various technological advancements in the electrosurgical arena are the major factors influencing the overall growth of the electrosurgery market worldwide. Furthermore, increasing healthcare and ambulatory surgery centers are also estimated to boost the market in the forecast period.
Source: BlueWeave Consulting
Global Electrosurgery Market- Overview
Electrosurgery is a medical procedure in which high-frequency electric currents are passed through the human body. A heated metal wire electrode is used in this kind of surgical procedure to destroy specific tissues or coagulate small blood vessels. Various electrosurgery products or equipment are used for surgical cutting or preventing bleeding during surgical procedures. Since the advent of electrosurgery devices, its application has been expanded to a wide range of surgical specialties mainly because of its advantages, such as the ability to make precise cuts with minimal blood loss. There are various types of electrosurgery devices available in the market such as electrodes, cords, generators, etc.
Global Electrosurgery Market Forecast and Trends
Growth Drivers
Surging Demand for Minimally Invasive Surgeries
The demand for minimally invasive surgeries has surged over the past few years due to the rising awareness and the safety it has to offer and high chances of success. In the US alone, the number of surgical procedures went up by 50%. This rise in demand for minimally invasive surgeries is significantly impacting the growth of electrosurgery devices and instruments. Advanced electrosurgical instruments are increasingly being used in laparoscopic surgeries as they are less complicated and eases complex surgical procedures.
Technological Advancements Electrosurgery Products
The market players invest a significant amount towards innovating and advancing their product line of electrosurgery devices and equipment. They are also working on narrowing the price gap of these products which is expected to boost the demand for these electrosurgery products, especially in developing countries. For instance, Argon enhancement systems have enabled new advances in electrosurgical devices, including a coagulation system that is quick, efficient, thinner, and more precise, while causing less tissue damage. Also, Olympus, a global medical and surgical products manufacturer, was in news for launching ESG-150 Electrosurgery Generator. This generator is capable of supplying high-frequency electrical currents to endoscopic devices. Moreover, many prominent market players are coming up with innovative ways, such as burn protection systems, for reducing the complications of electrosurgery.
Restraints
Lack of Skilled Healthcare Professionals to Perform Electrosurgery Procedure
An electrosurgery procedure is a complicated surgical process that requires sharp skills to perform. However, the lack of skilled healthcare professionals who can execute this type of surgery is very limited, especially in emerging economies. The adoption of electrosurgery devices is very restrictive in developing countries due to a lack of awareness and resources. Due to this, qualified professionals who can perform electrosurgery often migrate to developed countries to get their skills into use. Consequently, this creates a shortage of healthcare professionals due to which the demand for electrosurgery procedures could not be met. These are some of the factors restricting the growth of the electrosurgery devices market.
Global Electrosurgery Market - By Product
Based on products, the global electrosurgery market is categorized into electrosurgical instruments, electrosurgical generators, electrosurgical accessories, and smoke evacuation systems. The demand for electrosurgical instruments is very prominent in the market because of the surging demand for minimally invasive surgeries. The high use of disposable electrosurgical instruments for ensuring the safety of the patients is contributing to the growth of the global electrosurgery market. This segment can further be classified into bipolar electrosurgical instruments and monopolar electrosurgical instruments. As bipolar electrosurgical instruments become more and more popular, the demand for them is rapidly growing. These types of instruments do not need dispersive electrodes to function. Because bipolar instruments have a longer life cycle, they are becoming more popular in minimally invasive surgical procedures.
Global Electrosurgery Market - By Surgery Type
Based on surgery type, the global electrosurgery market is segmented into general surgery, obstetrics/gynecology surgery, orthopedic surgery, cardiovascular surgery, oncological surgery, cosmetic surgery, urological surgery, neurosurgery, and others. Among these, the general surgery segment holds the largest market share. This type of surgery is performed for the treatment of diseases around the breast, head, and neck, blood vessels, digestive tract, etc. A growing geriatric population has caused general surgery demand to surge several times, which in turn has led to an increase in demand for electrosurgery.
Global Electrosurgery Market - By End-User
Based on end-users, the global electrosurgery market is categorized into hospitals, clinics & ablation centers, ambulatory surgical centers, research laboratories & academic institutes. The hospital segment dominates the market because a large percentage of patients approach hospitals for receiving various surgeries which are propelling the demand for electrosurgery devices. Furthermore, the surging demand for minimally invasive surgeries and an increasing number of hospitals because of healthcare infrastructure development in the emerging economies are also propelling the demand for electrosurgery devices.
Global Electrosurgery Market - Regional Insights
Geographically, the global electrosurgery market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America accounted for the largest market share among all regions and is likely to maintain its dominance even during the forecast period. The high adoption of technologically advanced medical devices because of the developed healthcare infrastructure is one of the prominent reasons for the dominance of the regions. Furthermore, a large patient pool with accessible healthcare services also propels the demand for electrosurgery devices in North America. The similar factors also influence the electrosurgery market in the European region as well which covers a substantial share in the market.
Competitive Landscape
The leading market players in the global electrosurgery market are Zimmer Biomet Holdings, Inc., Medtronic, Kirwan Surgical Products LLC, Olympus Corporation, Coopersurgical, Inc., Ethicon, Inc., Bowa-Electronic GmbH & Co. KG, Conmed Corporation, KLS Martin, B. Braun Melsungen, Applied Medical Resources Corporation, Apyx Medical Corporation, Erbe Elektromedizin GmbH, Boston Scientific, Smith & Nephew PLC, Surgical Holdings, Utah Medical Products, Inc., Meyer-Haake GmbH, Encision Inc., and other prominent players.
The market is extremely dense and highly concentrated due to the presence of several global and regional industry participants. The key market players consistently focus on innovating and advancing their products to gain a competitive edge. New product launches are also part of their strategy to expand their portfolio and capture larger market shares. Furthermore, the adoption of competitive strategies like partnerships, mergers & acquisitions, joint ventures, and launches are also very prominent in this market.
Recent Developments
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In June 2021, Ethicon, Inc., a part of Johnson & Johnson, announced the launch of ‘ENSEAL X1 Curved Jaw Tissue Sealer’. It is an advanced bipolar energy device that provides better access to tissues and stronger sealing during various surgical procedures.
-
In April 2021, Erbe Elektromedizin, a German manufacturer and distributor of surgical instruments announced the acquisition of Maxer Endoscopy, endoscopic systems, and instruments for minimally invasive surgeries for undisclosed amounts.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical data – 2017-2020 |
Base Year – 2020 |
|
Forecast – 2021 – 2027 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa |
Product Service/Segmentation |
By Product, By Surgery Type, By End-User, By Region |
Key Players |
Zimmer Biomet Holdings, Inc., Medtronic, Kirwan Surgical Products LLC, Olympus Corporation, Coopersurgical, Inc., Ethicon, Inc., Bowa-Electronic GmbH & Co. KG, Conmed Corporation, KLS Martin, B. Braun Melsungen, Applied Medical Resources Corporation, Apyx Medical Corporation, Erbe Elektromedizin GmbH, Boston Scientific, Smith & Nephew PLC, Surgical Holdings, Utah Medical Products, Inc., Meyer-Haake GmbH, Encision Inc., and other prominent players. |
By Product
-
Electrosurgical Instruments
Bipolar Electrosurgical Instruments
Monopolar Electrosurgical Instruments
-
Electrosurgical Generators
-
Electrosurgical Accessories
Patient Return Electrodes
Cords, Cables, and Adapters
Other Accessories
-
Smoke Evacuation Systems
By Surgery Type
-
General Surgery
-
Obstetrics/Gynecology Surgery
-
Orthopedic Surgery
-
Cardiovascular Surgery
-
Oncological Surgery
-
Cosmetic Surgery
-
Urological Surgery
-
Neurosurgery
-
Others
By End-User
-
Hospitals, Clinics, & Ablation Centers
-
Ambulatory Surgical Centers
-
Research Laboratories & Academic Institutes
By Region
-
North America
-
Europe
-
Asia-Pacific (APAC)
-
Latin America (LATAM)
-
Middle-East & Africa (MEA)
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary and Secondary Sources
2.2. Quantitative Research
2.2.1. Primary and Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Electrosurgery Market – Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunity
4.1.4. Challenges
4.2. Recent Developments / Technical Landscape
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. Strategic Outlook
5. Global Electrosurgery Market Overview
5.1. Market Estimates & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.1.2. By Volume (Thousand Units)
5.2. Market Share & Forecast
5.2.1.1. Electrosurgical Instruments
5.2.1.1.1. Bipolar Electrosurgical Instruments
5.2.1.1.2. Monopolar Electrosurgical Instruments
5.2.1.2. Electrosurgical Generators
5.2.1.3. Electrosurgical Accessories
5.2.1.3.1. Patient Return Electrodes
5.2.1.3.2. Cords, Cables, and Adapters
5.2.1.3.3. Other Accessories
5.2.1.4. Smoke Evacuation Systems
5.2.2. By Surgery Type
5.2.2.1. General Surgery
5.2.2.2. Obstetrics/Gynecology Surgery
5.2.2.3. Orthopedic Surgery
5.2.2.4. Cardiovascular Surgery
5.2.2.5. Oncological Surgery
5.2.2.6. Cosmetic Surgery
5.2.2.7. Urological Surgery
5.2.2.8. Neurosurgery
5.2.2.9. Others
5.2.3. By End User
5.2.3.1. Hospitals, Clinics, & Ablation Centers
5.2.3.2. Ambulatory Surgical Centers
5.2.3.3. Research Laboratories & Academic Institutes
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia-Pacific (APAC)
5.2.4.4. Latin America (LATAM)
5.2.4.5. Middle-East & Africa (MEA)
6. North America Electrosurgery Market Overview
6.1. Market Size and Forecast
6.1.1. By Value (USD Million), 2017-2027
6.2. Market Share and Forecast
6.2.1. By Product
6.2.2. By Surgery Type
6.2.3. By End User
6.2.4. By Country
6.2.4.1. U.S.
6.2.4.2. Canada
7. Europe Electrosurgery Market Overview
7.1. Market Size and Forecast
7.1.1. By Value (USD Million), 2017-2027
7.2. Market Share and Forecast
7.2.1. By Product
7.2.2. By Surgery Type
7.2.3. By End User
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. U.K.
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Spain
7.2.4.6. Russia
7.2.4.7. Netherlands
7.2.4.8. Rest of Europe
8. APAC Electrosurgery Market Overview
8.1. Market Size and Forecast
8.1.1. By Value (USD Million), 2017-2027
8.2. Market Share and Forecast
8.2.1. By Product
8.2.2. By Surgery Type
8.2.3. By End User
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. South Korea
8.2.4.5. Rest of APAC
9. LATAM Electrosurgery Market Overview
9.1. Market Size and Forecast
9.1.1. By Value (USD Million), 2017-2027
9.2. Market Share and Forecast
9.2.1. By Product
9.2.2. By Surgery Type
9.2.3. By End User
9.2.4. By Country
9.2.4.1. Mexico
9.2.4.2. Brazil
9.2.4.3. Rest of LATAM
10.MEA Electrosurgery Market Overview
10.1. Market Size and Forecast
10.1.1. By Value (USD Million), 2017-2027
10.2. Market Share and Forecast
10.2.1. By Product
10.2.2. By Surgery Type
10.2.3. By End User
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Europe
11.Competitive Landscape
11.1.1. List of Key Players and Their Offerings
11.1.2. Market Share / Ranking Analysis (2020)
11.1.3. Competitive Benchmarking, By Operating Parameters
12.COVID-19 Impact
12.1. Future Impact
12.2. Key Developments during COVID-19
12.3. Impact on Market
12.3.1. Different Scenario
12.3.2. Impact on Companies
12.4. Regional Impact
13.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. Zimmer Biomet Holdings, Inc.
13.2. Medtronic
13.3. Kirwan Surgical Products LLC
13.4. Olympus Corporation
13.5. Coopersurgical, Inc.
13.6. Ethicon, Inc.
13.7. Bowa-Electronic GmbH & Co. Kg
13.8. Conmed Corporation
13.9. KLS Martin
13.10. B. Braun Melsungen
13.11. Applied Medical Resources Corporation
13.12. Apyx Medical Corporation
13.13. Erbe Elektromedizin GmbH
13.14. Boston Scientific
13.15. Smith & Nephew PLC
13.16. Surgical Holdings
13.17. Utah Medical Products, Inc.
13.18. Meyer-Haake GmbH
13.19. Encision Inc.
13.20. Other Prominent Players
14.Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig: Global Electrosurgery Segmentation
Fig: Global Electrosurgery Market Value Chain Analysis,
Fig: Company Market Share Analysis, 2020
Fig: Global Electrosurgery Market Size, By Value (USD Million), 2017-2027
Fig: Global Electrosurgery Market Share (%), By Product, By Value, 2017-2027
Fig: Global Electrosurgery Market Share (%), By Surgery Type, By Value, 2017-2027
Fig: Global Electrosurgery Market Share (%), By End User, By Value, 2017-2027
Fig: Global Electrosurgery Market Share (%), By Country, By Value, 2017-2027
Fig: North America Electrosurgery Market Size, By Value (USD Million), 2017-2027
Fig: North America Electrosurgery Market Share (%), By Product, By Value, 2017-2027
Fig: North America Electrosurgery Market Share (%), By Surgery Type, By Value, 2017-2027
Fig: North America Electrosurgery Market Share (%), By End User, By Value, 2017-2027
Fig: North America Electrosurgery Market Share (%), By Country, By Value, 2017-2027
Fig: Europe Electrosurgery Market Size, By Value (USD Million), 2017-2027
Fig: Europe Electrosurgery Market Share (%), By Product, By Value, 2017-2027
Fig: Europe Electrosurgery Market Share (%), By Surgery Type, By Value, 2017-2027
Fig: Europe Electrosurgery Market Share (%), By End User, By Value, 2017-2027
Fig: Europe Electrosurgery Market Share (%), By Country, By Value, 2017-2027
Fig: the Asia-Pacific Electrosurgery Market Size, By Value (USD Million), 2017-2027
Fig: the Asia-Pacific Electrosurgery Market Share (%), By Product, By Value, 2017-2027
Fig: the Asia-Pacific Electrosurgery Market Share (%), By Surgery Type, By Value, 2017-2027
Fig: the Asia-Pacific Electrosurgery Market Share (%), By End User, By Value, 2017-2027
Fig: the Asia-Pacific Electrosurgery Market Share (%), By Country, By Value, 2017-2027
Fig: Latin America Electrosurgery Market Size, By Value (USD Million), 2017-2027
Fig: Latin America Electrosurgery Market Share (%), By Product, By Value, 2017-2027
Fig: Latin America Electrosurgery Market Share (%), By Surgery Type, By Value, 2017-2027
Fig: Latin America Electrosurgery Market Share (%), By End User, By Value, 2017-2027
Fig: Latin America Electrosurgery Market Share (%), By Country, By Value, 2017-2027
Fig: Middle East & Africa Electrosurgery Market Size, By Value (USD Million), 2017-2027
Fig: Middle East & Africa Electrosurgery Market Share (%), By Product, By Value, 2017-2027
Fig: Middle East & Africa Electrosurgery Market Share (%), By Surgery Type, By Value, 2017-2027
Fig: Middle East & Africa Electrosurgery Market Share (%), By End User, By Value, 2017-2027
Fig: Middle East & Africa Electrosurgery Market Share (%), By Region, By Value, 2017-2027
List of Tables
Table: Global Electrosurgery Market Size, By Product, By Value, 2017-2027
Table: Global Electrosurgery Market Size, By Surgery Type, By Value (USD Million), 2017-2027
Table: Global Electrosurgery Market Size, By End User, By Value (USD Million), 2017-2027
Table: Global Electrosurgery Market Size, By Region, By Value (USD Million), 2017-2027
Table: North America Electrosurgery Market Size, By Product, By Value (USD Million), 2017-2027
Table: North America Electrosurgery Market Size, By Surgery Type, By Value (USD Million), 2017-2027
Table: North America Electrosurgery Market Size, By End User, By Value (USD Million), 2017-2027
Table: North America Electrosurgery Market Size, By Country, By Value (USD Million), 2017-2027
Table: Europe Electrosurgery Market Size, By Product, By Value (USD Million), 2017-2027
Table: Europe Electrosurgery Market Size, By Surgery Type, By Value (USD Million), 2017-2027
Table: Europe Electrosurgery Market Size, By End User, By Value (USD Million), 2017-2027
Table: Europe Electrosurgery Market Size, By Country, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Electrosurgery Market Size, By Product, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Electrosurgery Market Size, By Surgery Type, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Electrosurgery Market Size, By End User, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Electrosurgery Market Size, By Country, By Value (USD Million), 2017-2027
Table: Latin America Electrosurgery Market Size, By Product, By Value (USD Million), 2017-2027
Table: Latin America Electrosurgery Market Size, By Surgery Type, By Value (USD Million), 2017-2027
Table: Latin America Electrosurgery Market Size, By End User, By Value (USD Million), 2017-2027
Table: Latin America Electrosurgery Market Size, By Country, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Electrosurgery Market Size, By Product, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Electrosurgery Market Size, By Surgery Type, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Electrosurgery Market Size, By End User, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Electrosurgery Market Size, By Country, By Value (USD Million), 2017-2027
Table: Zimmer Biomet Holdings, Inc. Financial Analysis
Table: Zimmer Biomet Holdings, Inc. Business Overview
Table: Medtronic Financial Analysis
Table: Medtronic Business Overview
Table: Kirwan Surgical Products LLC Financial Analysis
Table: Kirwan Surgical Products LLC Business Overview
Table: Olympus Corporation Financial Analysis
Table: Olympus Corporation Business Overview
Table: Coopersurgical, Inc. Financial Analysis
Table: Coopersurgical, Inc. Business Overview
Table: Ethicon, Inc. Financial Analysis
Table: Ethicon, Inc. Business Overview
Table: Bowa-Electronic GmbH & Co. KG Financial Analysis
Table: Bowa-Electronic GmbH & Co. KG Business Overview
Table: Conmed Corporation Financial Analysis
Table: Conmed Corporation Business Overview
Table: KLS Martin Financial Analysis
Table: KLS Martin Business Overview
Table: B. Braun Melsungen Financial Analysis
Table: B. Braun Melsungen Business Overview
Table: Applied Medical Resources Corporation Financial Analysis
Table: Applied Medical Resources Corporation Financial Analysis
Table: Apyx Medical Corporation Financial Analysis
Table: Apyx Medical Corporation Business Overview
Table: Erbe Elektromedizin GmbH Financial Analysis
Table: Erbe Elektromedizin GmbH Business Overview
Table: Boston Scientific Financial Analysis
Table: Boston Scientific Business Overview
Table: Smith & Nephew PLC Financial Analysis
Table: Smith & Nephew PLC Business Overview
Table: Surgical Holdings Financial Analysis
Table: Surgical Holdings Business Overview
Table: Utah Medical Products, Inc. Financial Analysis
Table: Utah Medical Products, Inc. Business Overview
Table: Meyer-Haake GmbH Financial Analysis
Table: Meyer-Haake GmbH Business Overview
Table: Encision Inc. Financial Analysis
Table: Encision Inc. Business Overview
Market Segmentation
By Product
- Electrosurgical Instruments
Bipolar Electrosurgical Instruments
Monopolar Electrosurgical Instruments
- Electrosurgical Generators
- Electrosurgical Accessories
Patient Return Electrodes
Cords, Cables, and Adapters
Other Accessories
- Smoke Evacuation Systems
By Surgery Type
- General Surgery
- Obstetrics/Gynecology Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Oncological Surgery
- Cosmetic Surgery
- Urological Surgery
- Neurosurgery
- Others
By End-User
- Hospitals, Clinics, & Ablation Centers
- Ambulatory Surgical Centers
- Research Laboratories & Academic Institutes
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
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