Electrosurgical Devices Market Expected to Reach US ~$9.91 billion and CAGR 5.5% by 2028 – Polaris Market Research
The global Electrosurgical Devices Market size is expected to reach USD 9.91 billion by 2028 according to a new study by Polaris Market Research.
Electrosurgical devices are electrical devices employed in electro surgeries. It will cut or coagulate tissues by employing electric currents at the frequency of 500,000 to 3,000,000 hertz. There are various types of devices in the market that include generators, bipolar electrosurgical instruments, and monopolar instruments.
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Monopolar instruments include pencils, electrodes, monopolar forceps, and suction coagulators, while bipolar electrosurgical instruments include bipolar forceps and advanced vessel sealing instruments. The devices are used in various surgeries including gynecology surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, and other surgeries.
Every year millions of cosmetic surgeries are performed and the U.S. accounts for more than 20% of these procedures. Electrosurgical devices are increasingly adopted in cancer treatment since cancer is one of the major diseases across the globe with nearly 20 million cases detected every year, it is expected to drive the growth of the devices market during the forecast period.
Companies are increasingly focusing on strategic collaborations and acquisitions to have a competitive edge in the global market. Recently, in April 2021, Erbe acquired Maxer, which specializes in fluorescence-guided surgery. The acquisition is expected to immensely help the market growth of Erbe’s surgical endoscopy portfolio. The acquisition will lead to the development of new treatment options by combining Erbe’s electrosurgery and Maxer’s imaging technology.
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COVID-19 is expected to hamper these devices’ market growth to an extent since surgeons across the globe have postponed millions of elective surgeries in the areas of orthopedics and cosmetic surgery. This is done to avoid hospitalization of patients in non-emergency cases, as there are high chances of contracting the virus in the hospitals, and to free up beds that are required for COVID-19 treatment.
Market Participants such as Medtronic Plc, CONMED Corporation, Apyx Medical Corporation, B.Braun Melsungen AG, Johnson & Johnson (Ethicon), Bowa Electronic GmbH & Co. KG, Smith & Nephew PLC, Olympus Corporation, Utah Medical Products Inc., Boston Scientific Corporation, Applied Medical Resources Corporation, Karl Storz SE & Co. KG, Erbe Electromedizin GmbH, Cooper Companies, Inc., Arthrex Inc., KLS Martin Group, Richard Wolf GmbH, and Stryker Corporation are some of the key players operating in the global market.
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Polaris Market Research has segmented the electrosurgical devices market report on the basis of product, application, end-users, and region:
Electrosurgical Devices, Product Outlook (Revenue – USD Million, 2016 – 2028)
- Electrosurgical Generators and Monitors
- Electrosurgical Instruments/Units
- Monopolar Instruments
- Contact Monopolar Instruments
- Electrosurgical Electrodes
- Electrosurgical Pencils
- Suction Coagulators and Irrigation Devices
- Others
- Non-Contact (Plasma) Monopolar Instruments
- Argon Based Systems
- Helium Based Systems
- Bipolar Instruments/Units
- Vessel Sealing Devices
- Bipolar Forceps
- Smoke Management Systems
- Electrosurgical Accessories
- Patient Return Electrodes
- Smoke Management System Accessories
- Foot Switches, Cords, Cables and Adapters
- Other Accessories
- Contact Monopolar Instruments
- Monopolar Instruments
Electrosurgical Devices, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Cardiovascular Surgery
- Dental Surgery
- Cosmetic & Dermatology Surgery
- Gastrointestinal Surgery
- General Surgery
- Neurological Surgery
- Gynecological Surgery
- Oncology
- Urology
- Orthopedic Surgery
- Other Surgeries
Electrosurgical Devices, End-Use Outlook (Revenue – USD Million, 2016 – 2028)
- Hospitals
- Ambulatory Surgical Centers
- Clinics/Physician’s Office
Browse detailed report with in-depth TOC – Electrosurgical Devices Market
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